OLDE CARLSBAD APPROVED 12 LOT TENTATIVE TRACT MAP

Transcription

1 Rare Development Opportunity in the Olde Carlsbad Neighborhood Ocean Views from Some Lots Lot Sizes 9,500 SF - 15,720 SF Area of New Home Prices From $1,121,000-$1,400,000 ASKING PRICE: $4,850,000 - OFFERS DUE MARCH 31, 2017 Carlsbad Elementary School Buena Vista Lagoon Valley St Buena Vista Way Buena Vista Elementary School SUBJECT PROPERTY Monroe St Carlsbad Village Dr

2 PAGE CONTENT 3 SITE PLAN 4 AERIALS 6 LOCATION MAP 7 PROPERTY INFO 8 DOCUMENT LINKS 9 PRELIMINARY COST ESTIMATES 12 TENTATIVE TRACT MAP 13 PARCEL MAP 14 AREA NEW HOME INFO 15 COMPARABLE HOME SALES SUBJECT PROPERTY No warranty or representation is made to the accuracy of the foregoing information. Terms of sale, lease and availability are subject to change or withdrawal without notice. 2

3 OLDE CARLSBAD APPROVED 12 LOT TENTATIVE TRACT MAP SITE PLAN CT NAP EXISTING HOME TO REMAIN MC CAULEY LANE 3 YADA PLACE BUENA VISTA WAY VALLEY STREET North 3

4 AERIALS SUBJECT PROPERTY Buena Vista Way Carlsbad Village Dr 4

5 AERIALS CARLSBAD Army Navy Academy OCEANSIDE Carlsbad Elementary School Carlsbad Village Dr Buena Vista Lagoon Buena Vista Way Buena Vista Elementary School SUBJECT PROPERTY Valley St Westfield Carlsbad Mall Carlsbad High School Monroe St Carlsbad Village Dr 5

6 LOCATION MAP CAMP PENDLETON VISTA FALLBROOK PALOMAR MOUNTAIN OCEANSIDE CARLSBAD SUBJECT PROPERTY SAN MARCOS ENCINITAS PALOMAR AIRPORT CAL STATE SAN MARCOS ESCONDIDO SOLANA BEACH LAS FLORES DR MONROE ST SUBJECT PROPERTY N DEL MAR POWAY PIO PICO DR BUENA VISTA WAY LAGUNA DR HIGHLAND DR CARLSBAD VILLAGE DR VALLEY ST 6

7 PROPERTY INFO Location: Jurisdiction: Located at 1835 Buena Vista Way in the desirable Olde Carlsbad neighborhood, the property features expansive views while maintaining immediate proximity to high end commercial and retail developments that include: upscale grocery, restaurants, and shopping. Approximately 3/4 mile south of Highway 78 and 1/2 mile east of Interstate 5, this site will provide commuters with quick, convenient access and a short drive to all of San Diego, Orange & Riverside Counties. City of Carlsbad SUBJECT PROPERTY APN #: Acreage: Topography: Zoning: General Plan: Minimum Lot Size: Project Status: Impact Fees: Site Improvement Costs: 3.84 Acres Flat, Gentle Slope R-1 (Single Family Residential) RLM (Residential Low Medium Density) 9,500 SF The subject property has a fully approved 12 lot Tentative Tract Map and Mitigated Negative Declaration with several studies completed including a Geotech Report, Greenhouse Gas Assessment, Biological Technical Report, Cultural Resource Study, Hydrology, Paleo Resource, Phase 1 and SWQMP. The project was approved by City Council 7-0. Approximately $43,817 per lot (Can be potentially reduced to $37,783 per lot with CFD) See Enclosed School District: Carlsbad Unified School District Buena Vista Elementary API Valley Middle School API Carlsbad High School API Services: Water/Sewer City of Carlsbad Gas/Electricity SDG&E Fire Carlsbad Fire Dept. Police Carlsbad Police Dept. ASKING PRICE: $4,850,000 - OFFERS DUE MARCH 31, 2017 Affordable Housing: 2 Second Dwelling Units - Lot 1 & 5 (Click here for Inclusionary & 2nd Dwelling Unit Info) 7

8 DOCUMENT LINKS CLICK TO VIEW DOCUMENT LINKS BIOLOGICAL RESOURCES SURVEY CULTURAL RESOURCES STUDY GREENHOUSE GAS HYDROLOGY REPORT LANDSCAPE APPROVED LANDSCAPE SITE PLAN NOISE STUDY NOTICE OF DECISION PALEO RESOURCE STUDY PHASE 1 ENVIRONMENTAL REPORT PRELIMINARY GEOTECHNICAL INVESTIGATION RESOLUTION 7201-MND RESOLUTION 7202-TM SWQMP TENTATIVE MAP 8

9 PRELIMINARY COST ESTIMATES Estimated Development Impact Fees Per Approximate 3,300 SF Single Family Residence Item Drainage Fee - Low Runoff ($6,275/Acre) Park Fee Public Facilities Fee (3.50% or 1.82% of Building Valuation) * School Fee ($3.81/SF) SDCWA Capacity Fee Sewer Connection Fee (Per EDU) Traffic Impact Fee Water Connection Fee (5/8" Meters) TOTAL PER SFD Amount (Outside CFD) Amount (Inside CFD) $2,887 $2,887 $7,649 $7,649 $11,550 $6,006 $12,573 $12,573 $5,029 $5,029 $899 $899 $3,230 $2,740 $4,013 $4,013 $43,817 $37,783 * Notes: 1. Building valuation estimated at $100/SF for analysis purposes. 2. Percentage of Public Facilites Fee changes based on project being in or out of CFD 9

10 PRELIMINARY COST ESTIMATES $154,905 10

11 PRELIMINARY COST ESTIMATES $1,755,499 11

12 SUMMARY TABLE GENERAL NOTES: FIRE NOTES: LEGEND: TENTATIVE MAP YADA FAMILY TRUST PLAN SHEET 1835 BUENA VISTA WAY CARLSBAD, CA 12

13 PARCEL MAP 13

14 AREA NEW HOME INFO Buena Vista Lagoon 3 Buena Vista Elementary School 4 2 Buena Vista Way SUBJECT PROPERTY Monroe St Westfield Carlsbad Mall Carlsbad Village Dr Carlsbad Village Dr Highland Dr 1 Valley St 1. Insignia (City Ventures) = 7,800 SF Min Lot - $1,200,000-$1,400, Enclave (South Coast) = 9,000 SF Min Lot - $985,000-$1,175, Lanai (Shea Homes) = 7,500 SF Min Lot - $1,121,000-$1,305, Buena Vista Colony (Pacific Legacy) = 10,000 SF Min Lot - $1,150,000-1,400,000 *See following page for additional details 14

15 NEW HOME SALES COMPARABLES COMPARABLE HOME SALES Project Name Builder Name City Master Plan Open Date Product Type Typical Lot Size Unit Size Min Unit Size Max MinPrice MaxPrice Min Price / SF Max Price / SF Total Units Planned Total Units Sold Total Remaining Sales Rate Sales Rate (Last 3 Months) Zip Code Bluffs (The) Toll Brothers Carlsbad Robertson Ranch 6/25/2016 Detached 9,000 3,282 4,833 $ 1,279,895 $ 1,529,995 $ $ Insignia Carlsbad City Ventures Carlsbad 3/21/2015 Detached 7,800 2,458 4,356 $ 1,199,990 $ 1,399,990 $ $ Lanai Shea Homes Carlsbad 4/23/2016 Detached 9,000 2,854 3,842 $ 1,121,240 $ 1,305,000 $ $ Terraces (The) Toll Brothers Carlsbad Robertson Ranch 6/25/2016 Detached 7,500 2,961 4,686 $ 1,034,995 $ 1,274,995 $ $ Buena Vista Colony Pacific Legacy Homes Carlsbad - Detached 10,000 2,667 3,850 $ 1,150,000 $ 1,400,000 $ $ RESALE HOME COMPARABLES CMA Summary Report RESIDENTIAL Summary Statistics High Low Average Median LP:$1,625,000 $983,990 $1,238,417 $1,224,950 SP:$1,500,000 $999,588 $1,219,275 $1,224,995 RESIDENTIAL - Sold Number of Properties: 14 Num MLS # Status Style FllAdd ZipArea Beds TotB COEDate LotSFApx EstSF DOM LP $/EstSF SP $/EstSF SOLD DET 2815 Lido Place CARLSBAD (92008) 4 4 3/2/ ,575 2, $983,990 $ $999,588 $ SOLD DET 2823 Lido Place CARLSBAD (92008) 4 4 3/17/2016 7,530 3, $1,074,990 $ $1,090,594 $ SOLD DET 2828 Lido Place CARLSBAD (92008) 4 4 3/15/2016 8,743 3, $1,075,990 $ $1,142,331 $ SOLD DET 2819 Lido Place CARLSBAD (92008) 4 4 3/18/2016 8,743 3, $1,078,990 $ $1,110,860 $ SOLD DET 1621 Oak Avenue CARLSBAD (92008) /29/2016 7,579 4, $1,099,990 $ $1,099,990 $ SOLD DET 1641 Oak Avenue CARLSBAD (92008) /30/2016 4, $1,150,000 $ $1,199,990 $ SOLD DET 1679 Buena Vista Way CARLSBAD (92008) 5 5 4/29/2016 4, $1,149,900 - $1,199,900 $ $1,166,500 $ SOLD DET 1601 Oak Avenue CARLSBAD (92008) 4 5 9/28/2016 3,953 7 $1,250,000 $ $1,250,000 $ SOLD DET 1610 Frazier Avenue CARLSBAD (92008) /14/2016 4, $1,250,000 $ $1,250,000 $ SOLD DET 1611 Oak Avenue CARLSBAD (92008) 5 5 8/30/2016 7,579 4, $1,299,990 $ $1,260,000 $ SOLD DET 3311 Donna Drive CARLSBAD (92008) 4 5 6/16/2016 4, $1,300,000 - $1,360,000 $ $1,295,000 $ SOLD DET 1603 Frazier Avenue CARLSBAD (92008) /23/2016 4, $1,400,000 $ $1,305,000 $ SOLD DET 1620 Frazier Ave CARLSBAD (92008) 5 5 4/1/2016 4,350 6 $1,489,000 $ $1,400,000 $ SOLD DET 1651 Oak Ave CARLSBAD (92008) 5 5 4/29/2016 4, $1,625,000 $ $1,500,000 $ Avg $1,238,417 $ $1,219,275 $ Min $983,990 $ $999,588 $ Max $1,625,000 $ $1,500,000 $ Med $1,224,950 $ $1,224,995 $

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