$10,900,000 or Potential J.V., Seller Financing, Take Downs, etc. Available

Transcription

1 $10,900,000 or Potential J.V., Seller Financing, Take Downs, etc. Available gross acres Lots from acres Ocean views Shown by Appointment ONLY subject property Escondido Escondido Lee & Associates - North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

2 table of contents page content 3 AeriALS 7 MAPS 8 TRACT MAP 9 PROJECT INFO 11 photos 13 plat MAP 15 lot breakdown 16 Comparable listings/sales Lee & Associates - North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

3 aerials valley center oceanside vista subject property carlsbad san marcos escondido la costa leucadia encinitas rancho bernardo N encinitas Lee & Associates - North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

4 aerials N subject property escondido san marcos cal state san marcos escondido Lee & Associates - North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

5 aerials carlsbad vista oceanside san Marcos Escondido subject property Woodland Heights Glen Mesa Rock Rd W Lee & Associates - North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

6 aerials Mesa Rock Rd Woodland Heights Glen Lee & Associates - North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

7 camp pendleton location map oceanside 5 carlsbad encinitas solana beach del MAR 76 vista palomar airport 78 san marcos cal state san marcos subject property escondido 78 poway 78 Woodland subject property Heights G len san diego coutnry estates Mesa Rock Jesmond Dene Rd Centre City Pkwy escondido 15 la jolla pacific beach UCSD miramar santee El Norte Pkwy Country Club Ln N Nutmeg St N Broadway mission beach point loma coronado USD SAN DIEGO sdsu 8 Lindbergh field chula vista el cajon N 805 N imperial beach 5 Lee & Associates - North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

8 8 CLICK HERE FOR LINK TO FULL TRACT MAP INDICATES LOTS THAT HAVE BEEN SOLD.

9 project info PROJECT SUMMARY The subject property consists of 36 fully improved estate lots within the 39-lot, gated community known as High Point. PAD SIZES 9,494 SF - 34,111 SF (22,545 SF average) LOT SIZES 1.70 acres acres LEGAL DESCRIPTION Lots 692 to 730 of High Point Country Manor Tract No. 686-J, in the City of Escondido, County of San Diego, State of California, according to Map thereof No.15276, filed in the office of the County Recorder of San Diego County, March 2, THOMAS BROTHERS GUIDE 1109/CD2-3 LOCATION The property is located on Mesa Rock Road immediately west of Interstate 15. DRIVING DIRECTIONS The property can be accessed from I-15, approximately 4 miles north of Highway 78. Exit I-15 to the Mtn Meadow/Deer Springs Rd exit. Proceed west approximately 100 yards to Mesa Rock Rd, then South approximately 3/4 of a mile to entry gates on the west side. APN through 42, 44-51, 53&54 & , Lee & Associates - North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

10 project info Project: The project consists of 451 acres of 36 finished estate lots within the 39 lot High Point residential subdivision, Escondido Tract No. 683-J, Map No , and is 4 miles north of Highway 78 in Escondido, California. The City of San Diego and the ocean are less than a 30 minute drive from the subject property. The graded lots are within a gated community with expansive views of north San Diego County communities, and many lots have ocean views. The terrain is rolling to steep and most lots are located on either hilltops or ridgelines. All infrastructure including streets, wet and dry utilities, street lamps and storm drain systems are built. Public sewer is available to three of the lots with the laterals in. The balance of the lots would be served by septic systems. There are no CFDs, LFDs or Mello Roos. There is approximately $1.2MM in remaining landscaping work to be completed between the streets and individual lot slopes; Agricultural Open Spaces can be used for agricultural purposes only. The remaining fees for project completion are indicated below. HOA: The adopted HOA budget was $534 per month/lot with the prior formed Association. The owner is maintaining the property which is in excellent condition. Tax Rate: 1.14% CC&Rs: Conditions of Approval: Minimum House Size: Services: School District: CLICK HERE TO ACCESS CC&Rs CLICK HERE TO ACCESS CONDITIONS OF APPRoval 2,500 SF Water and sewer...vallecitos Water District Electricity...San Diego Gas and Electric Natural Gas...San Diego Gas and Electric Telephone...Cox Cable TV...Cox san Marcos Unified School District Escondido Union School District Escondido Union High School District Estimated Fees: Development Impact Fees: Miscellaneous Fees: vallecitos Water District: Water Reimbursement Fee to Shea Homes: $3,584/lot Estimated School Fees: $8,375/lot * * Based on a 2,500 SF house (x $3.35 PSF) Estimated Fees to completion: $43,609/lot $27,650/lot CLICK HERE FOR BREAKDOWN $1,500/lot $2,500/lot Lee & Associates - North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

11 photos Lee & Associates - North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

12 photos Lee & Associates - North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

13 plat map Lee & Associates - North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

14 plat map Lee & Associates - North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

15 lot breakdown High Point lot breakdown Lot No. Acres Pad Size Lot No. Acres Pad Size , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,641 Minimum Pad Size 9,494 Maximum Pad Size 34,111 Average Pad Size 22,359 Minimum Acreage 1.17 Maximum Acreage Average Acreage Lee & Associates - North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

16 Comparable Properties Currently Listed comparable LISTINGS/SALES Location Style Bed Bath Sq Ft Asking Price Asking $/SF Year Built C.O.E Welk View Dr Mediterranean/Spanish $ 760,900 $ Welk Highland Mediterranean/Spanish $ 765,900 $ Wel View Dr Mediterranean/Spanish $ 780,900 $ Little Canyon Lane Craftsman/Bungalow $ 849,000 $ Meadow Glen Way Mediterranean/Spanish $ 975,000 $ Little Canyon Lane Mediterranean/Spanish $ 995,000 $ Crystal Ridge Ct Mediterranean/Spanish $ 1,195,000 $ Bed Bath Sq Ft Sale Pice Sale $/SF Year Built High 5 4 4,880 $ 1,195,000 $ Low 3 4 3,386 $ 760,900 $ Average 3 4 4,279 $ 903,100 $ Comparable Properties Sold January 1, Present Location Style Bed Bath Sq Ft Sale Pice Sale $/SF Year Built C.O.E Meadow Glen Way Mediterranean/Spanish $ 650,000 $ /18/ Crystal Ridge Dr Mediterranean/Spanish $ 725,000 $ /13/ Meadow Glen W Mediterranean/Spanish $ 792,000 $ /2/ Welk View Ct Mediterranean/Spanish $ 900,000 $ /30/ Welk View Ct Mediterranean/Spanish $ 1,060,000 $ /25/ Meadow Glen Way Mediterranean/Spanish $ 1,225,000 $ /26/2011 Bed Bath Sq Ft Sale Pice Sale $/SF Year Built High 5 4 4,880 $ 1,225,000 $ Low 3 4 3,000 $ 650,000 $ Average 4 4 4,025 $ 892,000 $ Lee & Associates - North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

17 36 Finished Single Family Lots For More Information, Please Contact: Lee & Associates Lee & Associates-North - San Diego San Diego County County Wright Wright Place, Place, Suite Suite 200, Carlsbad, CA T: T: F: F: No warranty No warranty or representation or representation is made is made to the to the accuracy of of the the foregoing information. Terms of of sale, sale, lease lease and and availability availability are subject are subject to change to change or withdrawal or withdrawal without without notice. notice. 17