Temecula-Murrieta Valley Homes
Price Reduction - Views
Address
0 N. Ramona Blvd. Lot 1 San Jacinto, CA
Price
$ 1,000,000
Property Attributes
  • MLS#PW20111938
  • TypeLand
  • CountyRIVERSIDE
  • CitySan Jacinto
  • Zip92583
  • Style
  • Price$ 1,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size5.79 Acres
Listing Provided Courtesy Of:
Matthew Wenzel with Marcus & Millichap.
Property Description

* Price has been reduced to $1,000,000 ($22,727 per entitled lot). Seller will carry financing at 2% for 18 months with a $250,000 down payment. The subject property is a fully entitled 44-unit detached single-family residential development project located in a great infill location on N. Ramona Blvd. in the city of San Jacinto. Tentative Tract Map #32153 was approved several years ago and has recently been extended until 2023. The site is located in the R-3 zoning district and totals ±5.79 acres of land. This property is located on the southwest side of Ramona Blvd. just to the east of busy State St. The topography of the site is relatively flat. The neighborhood surrounding the property is primarily residential in nature. The center of the project wraps around the Hacienda Motel which also fronts on Ramona Blvd. The project is located within the Eastern Municipal Water District service area. Sanitary sewer for this project will be provided by the City of San Jacinto. A main sewer line runs along Ramona Blvd. with the assumption that the existing sewer has the capacity and depth to serve this site. This property is located in the San Jacinto Unified School District. One other major advantage to this site is that it is located in a Qualified Opportunity Zone. Those developers looking to place exchange capital to build a residential project to hold for an extended period of time may be interested in this option.

Price History
6/10/2020 Listed $1,295,000
9/22/2020 16% - $1,100,000
11/13/2020 10% - $1,000,000

General Features

Association Y/N Yes
Community Features Suburban
Directions SE of State Street on N. Ramona Blvd.
Listagentaor Pacific West
Listing Agent Matthew Wenzel - BRE#01198357
Listing Agent State License 01198357
MLS Area 699 - Not Defined
Price Per Square Foot 3.96
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Utilities Sewer Available
View Mountain(s)
Zoning R3

Exterior Features

Lot Features 6-10 Units/Acre, Value In Land
Lot Size Acres 5.7900
Lot Size Area 5.7900
Lot Size Source Assessor
Lot Size Square Feet 252212.40
Lot Size Units Acres
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92583

Price
AVG $800K
$1M
Visits
AVG 148
139
Walkscore
AVG 45
13
Data Provided by Walkscore ® not using MLS data

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