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    61528 Parrell Rd Bend, OR 97702

    For Sale
    $4,984,000

    LAND - Bend, OR

    Type:Single Family Residence
    Lot size:
    3.12 Acres
    Days on Market:
    48
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 61528 Parrell Rd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    RM
    APN
    120334
    Lot size
    3.12 Acres

    HomeSmart Realty Group (971) 599-5865 [email protected]

    Listing agent Marta Guajardo (971) 599-5865

    Listing date Oct 20, 2025

    MLS# 241503735 Listing URL

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bend Land Near Old Mill

    This is a 3.12-acre subdivision featuring 28 lots, located 1.2 miles from the Old Mill District in Bend, Oregon. The property is zoned RM. Streets, gutters, and utilities are already in place. The lots can be combined for multifamily construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.304738
    Latitude
    44.034058

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    FAQs

    What type of property is this?
    Land - 28-lot subdivision near Old Mill District, Bend, Oregon.
    Where is this land located?
    The property is located at 61528 Parrell Rd Bend, OR.
    What is the asking price?
    The asking price for this property is $4,984,000.
    What are key features of this property?
    This property features: - "Ready to Build" subdivision, significantly reducing development time and costs.; - Prime location: Just 1.2 miles from the Old Mill District in Bend, offering convenient access to amenities and attractions.; - All essential infrastructure is in place: Streets, gutters, and utilities are already installed.
    (971) 599-5865
    Request Owner's contact information
    61528 Parrell Rd Bend, OR 97702
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    Bend, OR 97702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    61528 Parrell Rd Bend, OR 97702
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