17687 SW BROOKMAN RDSherwood, OR97140

$1,400,000
$1,400,000 annual income
2 acres
Acres1to3
Elementary School: Archer Glen
Middle School: Sherwood
High School: Sherwood
Zoning: MDRH
295 days on market

VestorFilter™

Price per acre$700K/ac
Time on market295 days
Smart Fixer ListYes
17687 SW BROOKMAN RD (1 of 18)

Property Description

***INVESTMENT OPPORTUNITY FOR A DEVELOPER*** Range pricing offers options! $1.2 offered with a 30 day close. Hard to find one-level home being sold in as-is condition with an oversized garage & shop. This would make an excellent rental or a place to live while completing the subdivision infrastructure. The preliminary plat has been approved. Construction docs are completed with only the final permit to obtain and infrastructure left to install. Buildable lots can be ready in 6 months. Price breakdown is a smart buy! $500k for the house and $100k lots. Turn around and sell the house and lots for a very nice profit at completion. The current plan includes the existing house or you may choose to remove and fit in more lots. Surrounded by beautiful countryside and new homes! Just a few minutes from charming downtown Sherwood, nestled in wine country and a short trip to the city.

{{ compliance-logo }}Listing Provided By Olivia Beach Sales

Financial Data

Date Sold2023-12-22
Sold Price$1,047,000
Price ChangeIncreased $1,400,000 on 12/30/2023
Total $400,000 drop
Original Price$1,800,000
Current Price$1,400,000
Property Taxes$5,881

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Home Facts

StatusSold
MLS ID23182244
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