Garner Lane

Chico, CA 95973
$4,000,000
60.00 acres | #SN22254220
Courtesy of Century 21 Select Real Estate, Inc.

Description

One of the few remaining large, contiguous parcels of open land in north Chico. Surrounded by numerous prestigious upscale homes and new custom home neighborhoods, this 60 acre parcel is steeped in value and opportunity. Current zoning calls for very low density development, affording the opportunity to create large individual parcels for estate homes. The average price of newly constructed homes in the Keefer Slough area in the last year was $1,078,000 or $366 per square foot, and $970,000 or $309.03 per square foot in the last 5 years. Estimates show 55 parcels could be created out of this property with consideration for roads, curbs, gutters, and drainage. Pictures show this sample map for conceptual purposes only. Access to the property is from Garner Ln via deeded easement, or from Kittyhawk Drive via county right of way. Don't forget to check out our aerial tour, and interactive maps in the virtual tour section. Take this once in a generation opportunity to develop this unique expansion to North Chico!

  • Property Details
      • View:Mountains, Neighborhood
      • Lot description:ZeroToOneUnitAcre, LotOver40000Sqft, ValueInLand
      • Acres:60
      • Property type:Purchase
      • Utility source:AgriculturalWell
      • Utility features:CableAvailable, ElectricityAvailable, PhoneAvailable, SewerNotAvailable
      • County:Butte
      • Original List Price:$5, 500, 000
      • MLS #:SN22254220
      • Cost:4000000
      • Property subtype:Land
      • MLS #:SN22254220

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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