Please Note: Sketch plan is conceptual only. Neither the Seller nor its agents have submitted plan or made any applications to a public agency.

APPRAISED VALUE: $180,000

SIZE: 22,550± Sq. Ft. (Three Lots)

ZONING: Residential - R2 Multi-Family

PROPERTY INSPECTION: At Any Time   

FINANCING: Subject to Seller's approval of Purchaser's credit: A 25% down payment with the balance secured by a first deed of trust, amortized over 20 years at 6.5% interest, calling for monthly payments of principal and interest; all due and payable at the end of three years.

DESCRIPTION: All three bank-owned homesites are being offered in bulk, allowing opportunity for development of three homes or up to three duplex units to meet affordable housing need in the Cottage Grove market. Two homesites are 7,840± sq. ft. each and one is 6,869± sq. ft. All three lots are located along Ostrander Lane in Cottage Grove, via a private drive. Cottage Grove is at the southern end of the Willamette Valley and is situated approximately 21 miles south of Eugene and 50 miles north of Roseburg, off of Interstate-5.

The homesites are situated in a neighborhood with excellent access to both I-5 and downtown Cottage Grove. Our Lady of Perpetual Help Catholic Church and School are located nearby. Each lot is rectangular in shape with two contiguous lots located on the east side of the roadway and one on the west side. The R2 zoning designation is intended to accommodate a wider variety of housing types. (See Supplemental Information Package for a copy of the zoning ordinance). 2010 Real Estate Taxes for each homesite is $520. All public utilities are available to each lot.

LOCATION: 1252, 1264 and 1268 Ostrander Lane, Cottage Grove, Oregon

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