1551 Pine Heights Way

San Marcos, CA 92069
$995,000
1288 sqft | 3 beds | 2 baths | 1.80 acres | #NDP2409479
Courtesy of Real Broker

Description

BACK ON THE MARKET. No Fault of Seller. Crurrently reviewing offers. ATTENTION INVESTORS/DEVELOPERS! This is a rare opportunity to acquire a 1.8-acre property in a prime San Marcos location. Just a block away from Costco, Walmart, and other major shopping centers, this property is ideally positioned for future development. Currently zoned R-1 (Residential Single-Family), the property offers tremendous potential for rezoning to accommodate multi-family units, making it the perfect investment for developers with vision. The lot features a 1288 sqft 3-bedroom, 2-bath home. The seller is specifically looking for an investor or developer who can unlock the full potential of this valuable lot and create something extraordinary in this rapidly growing neighborhood. Septic will need to be repair/replace. A local contractor, that works with developers, has created a checklist of items and timeline after talking to the city and county and is available as a consultant. With the right vision, this property could become a lucrative, income-generating investment. Don't miss out on this chance to invest in a highly desirable area with great upside potential!

  • Property Details
      • Interior:AllBedroomsDown
      • Bedrooms:3
      • Bathrooms:2
      • Full Baths:2
      • View:Neighborhood
      • Stories:1
      • Lot description:BackYard, CornerLot, FrontYard
      • Acres:1.8
      • Square Feet:1288
      • Parking spaces:2
      • Property type:Purchase
      • Year built:1968
      • Sewer information:Other
      • Utility features:ElectricityAvailable
      • School district:Escondido Union
      • County:San Diego
      • Original List Price:$995, 000
      • MLS #:NDP2409479
      • Cost:995000
      • Property subtype:SingleFamilyResidence
      • MLS #:NDP2409479

Location

The Alcantara GroupReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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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.

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