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    535 Atascadero Road

    Morro Bay, CA 93442
    • $619,000
    • STATUS: Active
    • ON SITE: 78 days
    • ID#: SC21097016
    UPDATED: 53 min ago
    $619,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Ready to Build! 9,013 sq. ft. corner lot located in the desirable beach town of Morro Bay! Zoned R4, Buildable for 4-5 units for townhouses or apartments, located conveniently off the 41, close to beach access, Morro Bay High School and downtown shopping and eateries. Mostly flat land, Morro Rock views and many opportunities. Sewer lateral at property line, utilities immediately accessible. Lot split complete, New APN number assigned (see parcel map attached in supplemental materials). Completed reports: Soils Engineering Report, Survey and Topo Map, Phase 1 and Phase 2 Archeology reports (no significant findings). Seller has paid $5,792 tax bond and $36,626.00 in in-lieu park fees etc. These fees are for a full build of 5 units. Price increase adjustment as seller begins improvements on Monday July 19th. Improvements include: a fire hydrant, mainline extension, curb, gutter, sidewalk ,driveway approaches, and two street trees. The total cost for these improvements is between $75 and $80,000. Additionally, the seller has also resubmitted existing plans for four apartments known as Jade Cove Apartments. The improvements and plan submission were not included in the original price of $549,000 and so the price has been raised accordingly without any profit added on for the work. The original price of $549,000 did have $20,000 estimated into it as sellers part of the improvements to the upper parcel 1. Therefore the new price will be set at $619,000 with all improvements completed and in place. A 90 to 120 day escrow would be best. Ready for construction!! Easy build, don't miss this great opportunity. Seller willing to finance with 50% down with 6% interest rate.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-26T16:24:23.743. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/116935682
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    535 Atascadero Road Morro Bay, CA 93442

    • Price: $619,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: SC21097016
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    Neighborhood:
    Highway 41(770)
    County:
    San Luis Obispo
    Area:
    MRBY - Morro Bay
    Property Description
    Ready to Build! 9,013 sq. ft. corner lot located in the desirable beach town of Morro Bay! Zoned R4, Buildable for 4-5 units for townhouses or apartments, located conveniently off the 41, close to beach access, Morro Bay High School and downtown shopping and eateries. Mostly flat land, Morro Rock views and many opportunities. Sewer lateral at property line, utilities immediately accessible. Lot split complete, New APN number assigned (see parcel map attached in supplemental materials). Completed reports: Soils Engineering Report, Survey and Topo Map, Phase 1 and Phase 2 Archeology reports (no significant findings). Seller has paid $5,792 tax bond and $36,626.00 in in-lieu park fees etc. These fees are for a full build of 5 units. Price increase adjustment as seller begins improvements on Monday July 19th. Improvements include: a fire hydrant, mainline extension, curb, gutter, sidewalk ,driveway approaches, and two street trees. The total cost for these improvements is between $75 and $80,000. Additionally, the seller has also resubmitted existing plans for four apartments known as Jade Cove Apartments. The improvements and plan submission were not included in the original price of $549,000 and so the price has been raised accordingly without any profit added on for the work. The original price of $549,000 did have $20,000 estimated into it as sellers part of the improvements to the upper parcel 1. Therefore the new price will be set at $619,000 with all improvements completed and in place. A 90 to 120 day escrow would be best. Ready for construction!! Easy build, don't miss this great opportunity. Seller willing to finance with 50% down with 6% interest rate.
    Exterior Features

    Lot Features Corner Lot Sign On Property YN Yes View Mountain(S)Peek-A-BooRocks View YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Dog ParkFishingGolfHikingPark Disclosures Easement(S) Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashOwner May Carry New Construction YN No Senior Community YN No Special Listing Conditions Standard Utilities NoneWater Not Available Water Source None Zoning R4

    Listing provided courtesy of Taylor Eisemann of Beachside Rentals, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-26T16:24:23.743. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
     
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    Team Forss Realty Group
    31213 Temecula Parkway
    Temecula CA, 92592