UPDATED:
Key Details
Sold Price $1,010,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,288 sqft
Price per Sqft $784
MLS Listing ID NDP2501604
Style Detached
Bedrooms 3
Full Baths 2
Year Built 1968
Lot Size 1.800 Acres
Property Sub-Type Detached
Property Description
Seller is only willing to accept offers from buyers who can pay 100% in cash. ATTENTION INVESTORS/DEVELOPERS! This is a rare opportunity to acquire a 1.8-acre property in a prime San Marcos location. Just a block away from Costco, Walmart, and other major shopping centers, this property is ideally positioned for future development. Currently zoned R-1 (Residential Single-Family), the property offers tremendous potential for rezoning to accommodate multi-family units, making it the perfect investment for developers with vision. The lot features a 1288 sqft 3-bedroom, 2-bath home. The seller is specifically looking for an investor or developer who can unlock the full potential of this valuable lot and create something extraordinary in this rapidly growing neighborhood. Septic will need to be replaced. Owner is in possession of a County Permit for an alternative septic system and also two bids from contractors who specialize in alternative septic installations. In addition, a local contractor, that works with developers, has created a checklist of items and timeline after talking to the city and county and is available as a consultant. With the right vision, this property could become a lucrative, income-generating investment. Don't miss out on this chance to invest in a highly desirable area with great upside potential!
Location
State CA
County San Diego
Area San Marcos (92069)
Zoning R-1
Interior
Cooling Central Forced Air
Flooring Carpet, Laminate, Tile
Fireplaces Type FP in Living Room
Equipment Dishwasher
Laundry Laundry Room
Exterior
Parking Features Garage
Garage Spaces 2.0
Utilities Available Electricity Connected
View Neighborhood
Building
Lot Description Corner Lot, Sidewalks
Story 1
Sewer Other/Remarks
Schools
Elementary Schools Escondido Union School District
Middle Schools Escondido Union School District
High Schools Escondido Union High School District
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Bought with Dominic Jabro • ShoppingSDHouses