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About the Listing MRER01 - SHAHVICT
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.
Listing Highlights for 1470 Rosemont Rd
Status
Active
Days on Site
33
Property Type
Residential
MLS ®
344062704
Year Built
1988
Total Square Footage
2,958
Lot/Acreage
1.3
Interior Details
- Bedrooms: 4
- Bathrooms: 3 Full
- Appliances: Built-in Range, Dishwasher, Pantry
- Air Cond: Central Air
- Heating: Forced Air - 95+%
- Fireplaces: 2, Wood Burning
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Crawl Space
- Other: Hardwood Floors,Wall to Wall Carpet
- Water: Public Water
Exterior Details
- Lot Description: Gentle Sloping
- Garage Capacity: 2 car
- Parking Spaces: 2
- Lot Dimensions: 352 X 160
- Zoning: R10
- Roof: Shingle
- Others: Resale
- Sewer: Standard Septic
- Parking Features: Attached
Financial Details
- Tax Amount: $12,378
- Taxes w/Assessments: N/A
- Tax/Property ID: 00384738
- Tax Year: N/A
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Listing Location
Questions About..
1470 Rosemont Rd West Linn, OR 97068
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