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Diana Ferguson

fergusondiana@gmail.com +1(503) 756-4738

Listed by Eugene Track Town Realtors LLC

$370,000

Est. payment - /mo

3 Beds

1 Bath

1,272 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,272 sqft

Price per Sqft $290

MLS Listing ID 107477481

Style Stories1, Ranch

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1951

Annual Tax Amount $2,681

Tax Year 2025

Lot Size 0.330 Acres

Property Sub-Type Single Family Residence

Property Description

Rare Multi-lot Development opportunity! Step into a partially entitled three lot development or 4 total residences if not partitioned. Prime Springfield location; Walking distance to Autzen Stadium, Willamette riverside corridor, and Springfield High. City has completed the Development Initiation Meeting/video indicating a partition of the property into three lots. (See transcript in documents) and (See Developer Packet). Uncertainty of initial city discovery completed so you'll have documented city backed roadmap rather than a cold start. Remaining steps to complete the partition: a full survey (corner pins, elevation, drainage, and related site work) then follow-up meeting with the city to confirm requirements satisfied. Buyers to verify fees with city as many are currently waived. ADU: 720 Square foot shop built to code with conversion already underway is a significant head start. THE HOME: currently occupied needing minor repairs and upgrade. New Heavy Duty Everlife Andover Series floor covering just installed and newer roof. Street improvement is scheduled soon. Site diagram shows Rainbow Drive abutting the North side of the property and indicates the three proposed lots. Sellers change of plans provide a rare opportunity with a head start! DOCUMENTATION: Your contractor can review the entitlement work already done. The available video of the Development Initiation Meeting and transcript. It gives an informative exposure of how solution-oriented the City of Springfield has been on this project. The attached (in documents) Springfield Developer Packet is very nicely detailed.Buyer must perform Due Diligence with City.of Springfield.

Location

State OR

County Lane

Area _249

Interior

Interior Features Ceiling Fan, Hardwood Floors, High Speed Internet

Heating Forced Air

Cooling Window Unit

Appliance Dishwasher, Free Standing Range, Free Standing Refrigerator

Exterior

Exterior Feature Fenced, R V Parking

Parking Features Converted

Roof Type Composition

Garage Yes

Building

Lot Description Level

Story 1

Foundation Block, Pillar Post Pier, Slab

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Centennial

Middle Schools Briggs

High Schools Springfield

Others

Senior Community No

Acceptable Financing Cash, Rehab

Listing Terms Cash, Rehab

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Regional Multiple Listing Service (RMLS)

804 W N ST Springfield, OR 97477