8 months on rocket

1525 Thatcher Rd, Forest Grove, OR, 97116

$1,100,000

2.56 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeMulti Family
MLS #23554503
Lot Size2.56 Acres
StatusActive

About 1525 Thatcher Rd

Golden Opportunity for Builders: Prime Townhome Development Land available and calling all visionary builders and developers! An unparalleled opportunity awaits you in the form of a meticulously zoned piece of land, primed for the creation of a captivating townhome community. This exceptional parcel of land presents a rare chance to shape the landscape of a thriving community while reaping substantial rewards.Nestled in a strategic and sought-after location, this prime land offers convenience and connectivity that is second to none. Situated within the heart of Forest Grove, it provides easy access to major roadways, public transportation, shopping centers, schools, and recreational amenities. The surrounding area boasts a vibrant and growing population, setting the stage for a robust demand for modern, stylish townhomes.It is zoned mixed commercial/residential use.The demand for well-designed, conveniently located townhomes is on the rise, and this land offers an exceptional chance to capitalize on this trend. Builders can leverage the current market dynamics to achieve significant return on investment. By delivering a thoughtfully planned community that meets the desires and needs of today's homebuyers, the potential for strong sales and sustainable growth is virtually limitless.

Property Details

Property Features

Listing Office:

  • Office Name: Barnes Portland
  • Office Phone: (503) 451-3535
  • Listing Agent: Jayson Mitchell

Exterior Features

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 2.56 Acres

School Info

Assigned Schools Information:

  • Forest Grove High School, Public District Grades 9-12
  • Tom McCall Upper Elementary, Public District Grades 5-6
  • Neil Armstrong Middle School, Public District Grades 7-8
  • Harvey Clarke Elementary School, Public District Grades KG-4

Other

Directions Information:

  • Directions: Follow Pacific Ave thru town til it turns into E street & follow til the Y stay Right on Thatcher Rd

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,100,000

Tax Information:

  • Annual Amount: $3,848
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Forest Grove, OR.

Med. Sold Price

$550K

Med. Price/SqFt

$272

Avg. Days On Market

53

# of Sold Homes

20

1525 Thatcher Rd vs Forest Grove

243 DAYS ON ROCKET

+190 Days

$1,100,000

+$550K More

KEY TAKEAWAY

This property is $550K more than the Median Sold Price in Forest Grove, OR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Regional Multiple Listing Service, Inc.
  • MLS Number: #23554503

Listing Office:

  • Office Name: Barnes Portland
  • Office Phone: (503) 451-3535
  • Listing Agent: Jayson Mitchell

IDXThe content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 3:25:21 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$3,848$217,360
2019$3,741$211,030
2017$3,515$198,930

History based on county public records data.

Payment Calculator

$5,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,364

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2834082
6
/10
  • Harvey Clarke Elementary School

  • 2516 B St

  • 0.61 miles

  • Public District Grades KG-4

Middle School

school-card-donut-2834083
3
/10
  • Tom McCall Upper Elementary

  • 1341 Pacific Ave

  • 0.75 miles

  • Public District Grades 5-6

school-card-donut-2834084
2
/10
  • Neil Armstrong Middle School

  • 1777 Mountain View Ln

  • 2.77 miles

  • Public District Grades 7-8

High School

school-card-donut-2834085
4
/10
  • Forest Grove High School

  • 1401 Nichols Ln

  • 0.31 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $102,593. The most common annual income of people living in Forest Grove, OR is between $100k-200k. Most families are married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1525 Thatcher Rd

What is the listing price of this property?

The listing price of 1525 Thatcher Rd property is $1,100,000.

What type of property is this?

The property 1525 Thatcher Rd is land located in Forest Grove, Oregon, 97116.

Is this property for sale now?

Active Listing: 1525 Thatcher Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1525 Thatcher Rd are:
Harvey Clarke Elementary School: GreatSchools Rating 6/10
Tom McCall Upper Elementary: GreatSchools Rating 3/10
Neil Armstrong Middle School: GreatSchools Rating 2/10
Forest Grove High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,848 (source: MLS/based on county public records data).

How much acreage is this property?

The property 1525 Thatcher Rd is 2.56 acres.
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Rocket HomesOregonWashington CountyForest Grove971161525 Thatcher Rd

This home is located at 1525 Thatcher Rd in Forest Grove, OR and zip code 97116. This home sits on a 2.56 acre lot. It has been listed on Rocket Homes since August 29, 2023 and is currently priced at $1,100,000.

In March 2024, from all listings sold in Forest Grove, OR there were more than 7 sold above asking price, over 6 sold below and more than 7 were sold right at the asked price. The number of listings in Forest Grove, OR increased by 9.2% between February 2024 and March 2024. In March 2024 median list price was $550,000 and the average listing age was 53 days.

From Rocket Homes Real Estate and based on county public records data.

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