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    47987 Mckenzie Hwy Vida, OR 97488

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    For Sale
    $119,000

    Land approved for rebuilding in McKenzie River recreational valley.

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    McKenzie River Recreational Valley Land

    This property is approved by Lane County (HB2289) for rebuilding, with an extension to 2030 for submitting house plans. Situated in the heart of the McKenzie River Recreational Valley, it offers opportunities for fishing, rafting, and boating on the McKenzie River, as well as kayaking and paddleboarding on Leaburg Lake. The location allows for hiking, biking, and wildlife observation. Cafes, an organic farm, and markets are nearby. The Tokatee golf course is a short distance to the east. The property is above the valley fog and allows for social distancing and family adventures. The adjacent property at 47983 McKenzie, which features Bear Creek frontage and is owned by the same individuals, is also available for purchase, potentially as a package deal. The seller may be willing to contribute to the cost of a well for the buyer, depending on the offer. The property was involved in the fire of 2020.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Vida
    County
    Lane
    State
    Oregon
    Longitude
    -122.4822049
    Latitude
    44.1330812

    FAQs

    What type of property is this?
    Land - Land approved for rebuilding in McKenzie River recreational valley.
    Where is this land located?
    The property is located at 47987 Mckenzie Hwy Vida, OR.
    What is the asking price?
    The asking price for this property is $119,000.
    What are key features of this property?
    This property features: - Lane County Approved HB2289 Intent to Build extension to 2030.; - Located in the heart of the McKenzie River Recreational Valley with access to fishing, rafting, boating, kayaking, paddle boarding, hiking, and biking.; - Easy commute and above the valley fog.
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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
    47987 Mckenzie Hwy Vida, OR 97488
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