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Additional details
Listed by MORE Realty • 503-201-8868
$ 659,900
Est. payment /mo
Price Dropped by $40K
3535 SW BUDDINGTON ST Portland, OR 97219
0.91 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID 774815176
HOA Y/N No
Annual Tax Amount $8,430
Tax Year 2024
Lot Size 0.910 Acres
Property Sub-Type Single Family Residence
Property Description
Rare opportunity to acquire a highly versatile development property featuring an existing home and substantial additional land. The current residence is a fixer, offering multiple possibilities including renovation, removal and replacement with a new home, or full redevelopment. Seller has already completed preliminary due diligence regarding the properties development potential. The offering consisted of four tax lots totaling 16 pre-patted 25'x100' lots with an approximate combined area of 40,000 sq.ft. Portions of the property are impacted by an environmental overlay. According t0 PBOT, no street improvements are required, although system development charges (SDC's) and LTIC fees will apply.The existing residence is situated across four lots, while one adjacent tax lot includes a 30'x40' partially cement-floored garage/workshop with existing electrical service. Potential development opportunities may include a private estate style property, traditional single-family home construction. In addition, the seller owns four neighboring tase lots currently considered unbuildable, which may be available for separate purchase to provide added wooded privacy, expanded buffer space, or future flexibility. This property presents exceptional versatility and upside potential for builders, investors, and buyers seeking to create a custom vision. Buyer's to conduct their own due diligence and verify all development possibilities and suitability for their intended use.
Location
State OR
County Multnomah
Area _148
Zoning R- 7
Exterior
Utilities Available NaturalGasAvailable, SewerConnected, WaterConnected
View Park Greenbelt, Territorial, Trees Woods
Garage No
Building
Lot Description Secluded, Terraced, Wooded
Schools
Elementary Schools Markham
Middle Schools Jackson
High Schools Ida B Wells
Others
Acceptable Financing Cash
Listing Terms Cash
Amenities & Attractions