$2,500,000
PENDING

1 Palomar St Wildomar, CA 92595

Estimated payment $14,860/month

Total Views 11,136
10.49 Acres
$238,322 Price per Acre
456,944 Sq Ft Lot

Highlights

  • 10.49 Acre Lot
  • View of Hills
  • No HOA

About This Lot

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

Listing Agent

Corinne Berge

Realty ONE Group Southwest Brokerage Phone: 951-813-9009 License #00795397 Listed on: 06/21/2023

Realty ONE Group Southwest

Co-Listing Agent

Barbara Tobin

Realty ONE Group Southwest Brokerage Phone: 951-813-9009 License #01068675

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $19,897

Lot Details

  • 10.49 Acre Lot
  • The property's topography is gentle
  • 368-060-012,368-060-025,368-060-026
  • Value in Land
  • Property is zoned RR/C1-CP, designation to be MDR

Property Views

  • Hills
  • Neighborhood

Additional Features

  • Urban Location
  • Source of electricity is unknown

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 368060011
  • $1,120 per year additional tax assessments

Property Details

Property Type

Land

Est. Annual Taxes

$19,897

Lot Details

0

Listing Details

  • Inclusions: Fault Study
  • Current Use: Unimproved
  • Current Use Comments: Raw Vacant Land
  • Ingress Egress: Paved Palomar
  • Possible Use: Agricultural, Buyer to verify, Residential
  • Possible Use Comments: Residential Mapped Property
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Survey: Seller Pays
  • View: Yes
  • Zoning: RR/C1-CP
  • Zoning Description: designation to be MDR
  • Property Type: Land
  • Parcel Number: 368060011
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 5.47

Exterior Features

  • View: Hills, Neighborhood
  • Trees: n0

Utilities

  • Utilities: Electricity Available, Sewer Available, Water Available
  • Electric: Electricity - Unknown
  • Sewer: Public Sewer
  • Water Source: Public
  • Water Well: No

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Topography: gentle
  • Elevation: 1292 Feet
  • Additional Parcels: Yes
  • Additional Parcels Description: 368-060-012,368-060-025,368-060-026
  • Land Lease: No
  • Lot Features: Value In Land
  • Lot Size Sq Ft: 456944.40
  • Lot Size Acres: 10.4900
  • Latitude Manual: 33.61133800

Multi Family

  • Lot Size Area: 10.4900 Acres

Tax Info

  • Tax Annual Amount: 19897.00
  • TaxOtherAnnualAssessmentAmount: 1120.48

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2024 02/27/24 Pending -- -- --
06/21/2023 06/21/23 For Sale $2,500,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW23108050

California Regional Multiple Listing Service (CRMLS)
California Riverside County Wildomar 92595

1 Palomar St, Wildomar, CA

Pending

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Corinne Berge
Listing Agent
Corinne Berge
Section Image
Realty ONE Group Southwest
(951) 517-2629