1470 ROSEMONT RD new Save Request In-Person Tour Request Virtual Tour
West Linn,OR 97068
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,958 sqft
Price per Sqft $540
MLS Listing ID 344062704
Style Stories2, Colonial
Bedrooms 4
Full Baths 3
Year Built 1988
Annual Tax Amount $12,378
Tax Year 2024
Lot Size 1.300 Acres
Property Sub-Type Single Family Residence
Property Description
Investor Opportunity in West Linn! Keep existing home and 2 new parent lots.A three-lot partition has already been approved by the City of West Linn for this double frontage lot (see attached Notice of Decision with conditions).Upon completion of the partition, there is additional potential to leverage a Middle Housing Land Division, creating 5–6 new buildable lots while retaining the existing home on its own parcel. Two layout concepts (Proposal 1 and Proposal 2) are provided to illustrate possible configurations. Note: the Middle Housing Land Division application can be submitted once the three-lot partition conditions are satisfied.The existing home itself, once separated onto its own lot, has an estimated market value of approximately $900,000—providing a strong built-in asset in addition to the development potential.The seller intends to begin required improvements for the three-lot partition by mid-October. The property is currently priced as-is, before improvements. Once work is underway, pricing will be adjusted to reflect the completed infrastructure.This is a rare chance to acquire a West Linn property with approved entitlements, immediate development upside, and strong long-term value potential.
Location
State OR
County Clackamas
Area _147
Zoning R10
Rooms
Basement Crawl Space
Interior
Interior Features Hardwood Floors, Wallto Wall Carpet
Heating Forced Air95 Plus
Cooling Central Air
Fireplaces Number 2
Fireplaces Type Wood Burning
Appliance Builtin Range, Dishwasher, Pantry
Exterior
Parking Features Attached
Garage Spaces 2.0
Roof Type Shingle
Garage Yes
Building
Lot Description Gentle Sloping
Story 2
Foundation Concrete Perimeter
Sewer Standard Septic
Water Public Water
Level or Stories 2
Schools
Elementary Schools Sunset
Middle Schools Rosemont Ridge
High Schools West Linn
Others
Senior Community No
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other