For Sale139d on market
12295 NW Cornell Rd
Portland, OR, 97229 • Cedar Mill • Washington County
$575,000
0.39 acLot
Property DNA
Mcgill Acres
Cedar Mill
Market activity
Demand and pricing signals for this listing
110 views
People checking out this listing
3 saves
Buyers have saved this home
139 days on market
Established listing
About this home
Lot
Prime Cedar Mill development opportunity! This level 0.39-acre parcel is ideally located in Portland’s highly desirable 97229 zip code—home to executives from Nike and Intel. Zoned RC (Transit-Oriented Retail Commercial District), this property offers exceptional flexibility for future development. Current zoning allows for improvements up to 5,950 sq. ft. and supports a wide range of permitted uses, including retail businesses, professional offices, clinics, service establishments, and multi-family housing.Situated on a high-traffic corridor in the heart of Cedar Mill, this rare parcel is perfect for investors, developers, or business owners ready to stop paying rent and start building equity. Cedar Mill is growing and evolving into a vibrant, walkable town center community—don’t miss your chance to be part of it!
Estimated monthly payment
Based on current rates
$3,661/month
Principal & Interest$2,895
Property Tax$575
Insurance$192
Down payment20% ($115,000)
3%50%
Est. 6.46% rate · 30yr fixed · $460,000 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land
Parking & Outdoor
Lot0.39 Acres
Location & Tax
NeighborhoodCedar Mill
ZoningRC
Annual tax$5,113
Parcel1N134BC03800
Features & details
1 category of property features
Exterior Features
Lot Features
Corner Lot
Level
SqFt 15000 to 19999
Listing insights
Market data and value estimates
StatusFor Sale
Days on market139
Tax rate0.83%
On marketNov 12, 2025
PostedNov 13, 2025
Last sold$270,000
MLS statusActive
MLS updatedFeb 9, 2026
Tour days6
Views110
Favorites3
How are the schools in Portland?
3 schools rated nearby
Location
Portland, OR, 97229
Price history
4 events
DateEventPrice$/sqftSource
Nov 13, 2025Listed For Sale$575,000—RMLS (OR)
Sep 15, 2020Listing Removed$695,000—Wooster Realty
Mar 16, 2020Listed For Sale$695,000—Wooster Realty
Jan 15, 2002Sold$270,000—Public Record
Listed For Sale$575,000
Nov 13, 2025•RMLS (OR)
Listing Removed$695,000
Sep 15, 2020•Wooster Realty
Listed For Sale$695,000
Mar 16, 2020•Wooster Realty
Sold$270,000
Jan 15, 2002•Public Record
Tax history
23 years of records
YearTax paidAssessed value
Apr 1, 2025$5,114$270,590
Apr 1, 2024$4,900$262,710
Apr 1, 2023$4,601$255,060
Apr 1, 2022$4,452$247,640
Apr 1, 2021$4,292—
Apr 1, 2020$4,163$233,430
Apr 1, 2019$4,027$226,640
Apr 1, 2018$3,895$226,640
Apr 1, 2017$3,895$213,640
Apr 1, 2016$3,621$207,420
Apr 1, 2015$3,621$201,380
Apr 1, 2014$3,481$195,520
Apr 1, 2013$3,349$189,830
Apr 1, 2012$2,978$184,310
Apr 1, 2011$2,898$313,480
Apr 1, 2010$2,825$313,480
Apr 1, 2006$2,008$296,990
Apr 1, 2005$2,268$223,870
Apr 1, 2004$2,018$223,690
Apr 1, 2003$2,179$205,430
Apr 1, 2002$1,899$193,130
Apr 1, 2001$1,844$189,560
Apr 1, 2000$1,655$181,700
Nearby homes
Neighborhood details
Local context around this listing
Portland, OR • Washington County
Nearby neighborhoods
Cedar MillCentennialDowntownHazelwoodLentsMontavillaNorthwestPowellhurst GilbertRichmondSt.Johns
Nearby cities
Bridal VeilCorbettFairviewGreshamPortlandRhododendronTroutdaleWood Village
Nearby zip codes
97202972039720697217972199722997230972339723697266
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