5315 NE Park Ln

Otis, OR 97368
  • $350,000

    Price
  • 4

    Bed
  • 2

    Bath
  • 1,920

    SqFt

About the Listing MATN01 - JMATIN,PARISVOL

Remodel-ready opportunity on approximately 4 acres! This 1-level property offers 1,920 sq. ft. with 3 bedrooms and 2 baths, providing an excellent canvas for your vision. The home has already been demoed and is ready for renovation. Previously configured as a 4-bedroom, 2-bath home, offering potential to rework the existing layout to suit your needs. Recent septic work has been completed and is in great shape, and gas is already connected to the house. The expansive lot offers plenty of room for future possibilities, including a perfect spot for a massive shop just to the left of the existing garage driveway. Whether you choose to remodel and make this property your own or explore a tear-down and new construction, the possibilities are substantial. Seller estimates an after-remodel value of approximately $600,000. Property may also be eligible to enter a lottery for a short-term rental opportunity, with potential terms ranging from 3 months to 3 years, subject to lottery selection and applicable requirements. Bring your vision and unlock the potential of this unique 4-acre property!

Listing Highlights

Status Pending
Days on Site 6
Property Type Residential
MLS ® 562760201
Year Built 1958
Total Square Footage 1,920
Lot/Acreage 4.41
County Lincoln
Elementary School Oceanlake
Middle School Taft
High School Taft

Interior Details

  • Bedrooms: 4
  • Bathrooms: 2 Full
  • Appliances:
  • Air Cond:
  • Heating: Baseboard
  • Fireplaces: 1, Wood Burning
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other: Master on Main
  • Water: Public Water

Exterior Details

  • Lot Description: Level,Trees
  • Garage Capacity: 2 car
  • Parking Spaces: 2
  • Zoning: R-1
  • Roof: Composition
  • Others: Workshop,Yard,Approximately
  • Sewer: Septic Tank
  • Parking Features: Attached,Driveway,Off Street

Financial Details

  • Tax Amount: $3,530
  • Taxes w/Assessments: N/A
  • Tax/Property ID: R351566
  • Tax Year: N/A

Payment Calculator

Monthly Payment

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Questions About..

5315 NE Park Ln Otis, OR 97368

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Originating MLS: Regional Multiple Listing Service, Inc.

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