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Home + Sea Realty
0.93 Acres

1335 NW 128th Ave Lot 1, Portland

$1,324,999

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ActiveMLS®: 667896291Listing held by another brokerage, marked RMLS
Lot size
40,511 sqft
Property type
Land
Days on market
27

Overview

A rare development opportunity in the heart of Terra Linda! Centrally located in Cedar Mill, this expansive R-5 property offers incredible potential in one of the area’s most established neighborhoods. Seller's recent survey illustrates the possibility of retaining the existing home, detached garage and pool while creating up to four additional homesites, offering a unique opportunity for a builder, developer or buyer looking to maximize the property’s potential. The property currently includes an existing residence, detached one-bedroom/one-bath ADU, detached garage, large shop, pool and gazebo. Washington County’s R-5 designation is intended for residential development and generally allows a density of four to five units per acre, with additional possibilities for qualifying middle housing development. Buyer to perform all due diligence regarding zoning, land division, density, utilities, access and development feasibility. Located in the heart of Terra Linda with easy access to parks, schools, coffee shops, restaurants and everything Cedar Mill has to offer. Opportunities for a property of this size and development potential in such an established Westside location are incredibly hard to find. Please do not walk the property without an appointment.

Details

Interior

Cooling
No
Heating
No

Exterior and lot

Lot size
40,511 sqft
View
No

Schools

High school
Sunset
Middle school
Tumwater
Elementary school
Terra Linda

Location

City
Portland
County
Washington
Zoning
R5
Subdivision
TERRA LINDA

Taxes and dues

Annual taxes
$10,016

Location

1335 NW 128th Ave Lot 1, Portland, OR 97229

Map showing the location of 1335 NW 128th Ave Lot 1, Portland, OR 97229
© Mapbox © OpenStreetMap

Monthly payment estimate

$7,887 /mo

20% · $265,000
7.00%
Principal and interest
$7,052
Property tax
$835
Total
$7,887

Estimate only, and not an offer of credit. Assumes 20% down ($265,000) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.

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