$2,500,000 $13,421 est/mo Sourced by Back At You

1 Palomar Street,Wildomar, CA 92595

Wildomar CA, 92595

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Description

This newly minted Residential POTENTIAL Development Property is being considered for upcoming re-designated by the City of Wildomar as MDR. Medium Density Residential. GREAT POTENTIAL FOR TWO HOMES EACH ON 33 LOTS. ADU PLUS A MAIN HOME. BUILDER OPPORTUNITY FOR SALE OR RENT. Wildomar is undergoing a General Plan Amendment. We have a potential lot lay out for 29 lots. Sewer is in Wesley and we have bee told on Palomar to the west.( Buyer to investigate) Buyer to determine which location works for the property development. Electricity fronts. Water is in Palomar but not sure what side of the street or if it is large enough line to service 29-33 homes. A fault study has been done. The lots would need to be a bit larger along the rear of the property because of larger lots adjacent. So the lots on our proposed layout range from 7,000 sq feet to 10,890 sq feet. The property is gentle to flat. Perfect opportunity for homes on average to larger lots, maybe room for RV Garages or ADUs. Great opportunity for two on one or for rent development. 368-060-011. is 4.78 acres. 368-060-012 is 4.78 acres. 368-060-025 is 0.41 acres. 368-060-026 is 0.52 Acres. 10.49 Gross Acres. Seller may desire to do a 1031 Tax Deferred Exchange. COE may be subject to finalization of GPA to MDR

Details

MLS#SW23108050
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Days On Site342
Listing Provided ByRealty ONE Group Southwest 951-216-2000 | Corinne Berge

Features

ZoningRR/C1-CP
Acreage10.49
Property ViewYes

Market Activity 92595

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 2 minutes ago
StateCA
CountyRiverside
CityWildomar
Zip Code92595
AreaSRCAR Southwest Riverside County
Listing VS Median (in 92595)
Price:
$2,500,000
low | high
Med:
$600,000
100% of Average
On Site:
342
low | high
Med:
211.000000
100% of Average
Sourced by Back At You
Listing Updated: May 28, 2024 at 4:01:13 PM PDT
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