Home   Real Estate   San Diego Area   Land for Sale -

$450000 Fallbrook Property - Excellent Opportunity for Developers

$450000 Fallbrook Property - Excellent Opportunity for Developers

Posted on Lycos Classifieds - 4 weeks ago
Visit site to see more pictures of $450000 Fallbrook Property - Excellent Opportunity for Developers
Price:
$450,000
Property Type:
Land for Sale
Location:
Fallbrook, CA
For sale by:
For Sale by By Owner

Fallbrook Description

Big Oak Ranch at Mission Road

4.84 acres for single-family homes or a large ranch estate now available in Fallbrook, California

This 4.84 acre parcel is located in southern Fallbrook, adjacent to the Mission Road artery as well as schools, bus line, and downtown shopping and restaurant district.

Owner is willing to JOINT VENTURE with a builder/developer or will SELL the complete parcel whole. The owner is 90% complete with a Tentative Map split into
4 + REMAINDER 3/4 acre lots. Water and power are close-by. The gently-rolling property is covered with mature large oaks and olive trees making a very desirable and unique country setting.

The following work has been completed:

Currently completing Tenative Mapping Process with SD County

Completed most of Engineering on:
Topography of land
Laid out 4 + Remainder Lots --( 5) Lot Homesites
Completed all Septic Perc Testing for a Horizontal Septic Pit on each Home Site Lot
Laid out main road and private driveways for 5 Home Sites
Ready to do Final Parcel Map with SD County

Owner purchased property in 2005 for $485,000 Plus we spent an additional $57,000 for Engineering and Perc Testing.
TOTAL Spent on Property $542,000
Comps over past year of 9 SALES IN AREA indicate land has been selling for an average of $114,000 / acre.

We are Interested in SALE OF 4.8 AC of LAND -- as is --- for $495,000
OR We would consider A JOINT VENTUTE PARTNER for a 1/3 to 1/2 Interest in a
PARTNERSHIP TO DEVELOPE AND COMPLETE THE 5 LOTS AND HOMES


If interest please call Dick Read (619) 857-3641
This ad has been viewed 55 times.
Learn More
This Land located at Fallbrook CA 92028 is currently for sale and was listed 4 weeks ago in Fallbrook, CA. See other Fallbrook Real Estate