1 Palomar Street
Wildomar, CA 92595
10.49 acres | #SW23108050
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
Property Details
- Lot DescriptionValueInLand, GentleSloping
- ViewHills, Neighborhood
Measurements
- Acres10.49
Construction Details
- Property TypePurchase
Utilities / Energy Details
- Utility FeaturesElectricityAvailable, SewerAvailable, WaterAvailable
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyRiverside
Financial Details
- Original List Price$2,500,000
- Taxes Annual$19,897
Other
- MLS #SW23108050
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Corinne Berge (#TBERGCOR)
Listing Office: Realty ONE Group Southwest (#SWROG)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
