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5315 NE Park Ln, Otis, OR 97368

Otis
Local realty services provided by:CENTURY 21 Agate Realty
5315 NE Park Ln,Otis, OR 97368
$350,000
  • 4 Beds
  • 2 Baths
  • 1,920 sq. ft.
  • Single family
  • Active
Listed by: jordan matin, paris vollstedt
Office: matin real estate503-447-3599
MLS#:562760201
Source:PORTLAND

Price summary

  • Price:$350,000
  • Price per sq. ft.:$182.29

About this home

Remodel-ready opportunity on approximately 4 acres! This 1-level property offers 1,920 sq. ft. with 3 bedrooms and 2 baths, providing an excellent canvas for your vision. The home has already been demoed and is ready for renovation. Previously configured as a 4-bedroom, 2-bath home, offering potential to rework the existing layout to suit your needs. Recent septic work has been completed and is in great shape, and gas is already connected to the house. The expansive lot offers plenty of room for future possibilities, including a perfect spot for a massive shop just to the left of the existing garage driveway. Whether you choose to remodel and make this property your own or explore a tear-down and new construction, the possibilities are substantial. Seller estimates an after-remodel value of approximately $600,000. Property may also be eligible to enter a lottery for a short-term rental opportunity, with potential terms ranging from 3 months to 3 years, subject to lottery selection and...

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Home facts

  • Year built:1958
  • Listing ID #:562760201
  • Added:3 day(s) ago
  • Updated:August 31, 2026 at 11:39 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,920 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1958
  • Building area:1,920 sq. ft.
  • Lot area:4.41 Acres
  • Lot Features:Level, Trees
  • Architectural Style:Traditional
  • Exterior Features:Workshop, Yard
  • Foundation Description:Concrete Perimeter
  • Levels:1 Story

Schools

  • High school:Taft
  • Middle school:Taft
  • Elementary school:Oceanlake

Utilities

  • Water:Public Water
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$350,000
  • Price per sq. ft.:$182.29
  • Tax amount:$3,530 (2025)

Parking

  • Total parking spaces:2
  • Parking description:Driveway, Off Street
  • Garage spaces:2
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The 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 brokerage firms other than CENTURY 21 Agate Realty are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: August 31, 2026 PORTLAND Member Broker: Rebecca Watwood PC

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