APPROVED 10 LOT TENTATIVE TRACT MAP - OCEAN VIEWS

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Christian Higgins
6 years ago
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Rare Development Opportunity in the Olde Carlsbad Neighborhood Ocean Views from

$1,000,000-$1,500,000 SUBMIT BEST OFFER - OFFERS DUE DECEMBER 11, 2015 Carlsbad

Elementary School Monroe St Carlsbad Village Dr Lee & Associates-North San

1 Rare Development Opportunity in the Olde Carlsbad Neighborhood Ocean Views from Some Lots Lot Sizes 9,500-15,527 SF Area of New Home Prices From $1,000,000-$1,500,000 SUBMIT BEST OFFER - OFFERS DUE DECEMBER 11, 2015 Carlsbad Elementary School Buena Vista Lagoon Valley St Buena Vista Way Buena Vista Elementary School Monroe St Carlsbad Village Dr Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

PAGE CONTENT 3 SITE PLAN 4 AERIALS 6 LOCATION MAP 7 INFO 8 DOCUMENT LINKS 9

INFO 13 COMPARABLE HOME SALES Buena Vista Way No warranty or representation is made

Terms of sale, lease and availability are subject to change or withdrawal without

2 PAGE CONTENT 3 SITE PLAN 4 AERIALS 6 LOCATION MAP 7 INFO 8 DOCUMENT LINKS 9 PRELIMINARY COST ESTIMATES 10 TENTATIVE TRACT MAP 11 PARCEL MAP 12 AREA NEW HOME INFO 13 COMPARABLE HOME SALES Buena Vista Way 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. Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

3 APPROVED 10 LOT TENTATIVE TRACT MAP - OCEAN VIEWS SITE PLAN Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

Wright Place, Suite 200, Carlsbad, CA 92008

4 Carlsbad Vi lage Drive AERIALS Monroe Street Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

Mall Carlsbad High School Monroe St Carlsbad Village Dr Lee & Associates-North San Diego

5 AERIALS CARLSBAD Army Navy Academy OCEANSIDE Carlsbad Elementary School Carlsbad Village Dr Buena Vista Lagoon Valley St Buena Vista Way Buena Vista Elementary School Westfield Carlsbad Mall Carlsbad High School Monroe St Carlsbad Village Dr Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

LOCATION MAP CAMP PENDLETON VISTA FALLBROOK PALOMAR MOUNTAIN OCEANSIDE CARLSBAD SAN MARCOS ENCINITAS PALOMAR AIRPORT CAL STATE SAN MARCOS ESCONDIDO SOLANA BEACH LAS FLORES DR MONROE ST N DEL MAR

6 LOCATION MAP CAMP PENDLETON VISTA FALLBROOK PALOMAR MOUNTAIN OCEANSIDE CARLSBAD SAN MARCOS ENCINITAS PALOMAR AIRPORT CAL STATE SAN MARCOS ESCONDIDO SOLANA BEACH LAS FLORES DR MONROE ST N DEL MAR POWAY PIO PICO DR BUENA VISTA WAY LAGUNA DR HIGHLAND DR CARLSBAD VILLAGE DR VALLEY ST Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

INFO Location: Jurisdiction: City of Carlsbad APN #: 156-220-02-00 Acreage: Topography: Zoning: General Plan: Minimum Lot Size: Project Status: Improvement Costs: Impact Fees: 3.

7 INFO Location: Jurisdiction: City of Carlsbad APN #: Acreage: Topography: Zoning: General Plan: Minimum Lot Size: Project Status: Improvement Costs: Impact Fees: 3.13 Acres Flat, Gentle Slope R-1 (Single Family Residential) RLM (Residential Low Medium Density) 9,500 SF Approximately $60,661 per lot Demolition Costs: Green Houses & Barn $14,985/Residence & Guest House $15,780 Affordable Housing: HOA: Located at 1833 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. The subject property has a fully approved 10 lot Tentative Tract Map, Mitigated Negative Declaration and Planned Development Permit with several studies completed including a Geotech Report, Greenhouse Gas Assessment, Preliminary Cost Estimates, Biological Technical Report, Cultural Resource Study, and Phase I & II. The project was approved by City Council on November 4, Approximately $46,507 per lot (Can be potentially reduced to $39,770 per lot with CFD) 2 - Lot 9 & 10 (Click here for Inclusionary & 2nd Dwelling Unit Info) Minimal, in place to maintain private landscaping and street light. 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. Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

8 DOCUMENT LINKS CLICK TO VIEW DOCUMENT LINKS ZONING & DEVELOPMENT CODE SITE PLAN TENTATIVE MAP & DEMOLITION PLAN GREENHOUSE GAS ASSESSMENT PRELIMINARY COST ESTIMATES BIOLOGICAL TECHNICAL REPORT CULTURAL RESOURCE STUDY GEOTECHNICAL/SOIL REPORT PHASE I & II/ENVIRONMENTAL ASSESSMENT CITY STAFF REPORT CONDITIONS OF APPROVAL Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

9 PRELIMINARY COST ESTIMATES Clearing and Grubbing 121,970 SF $0.10 $12,197 Grading (Excavation) 4,970 CY $3.00 $14,910 Remedial Grading 5,460 CY $7.00 $38,220 Erosion/ Hydro-seeding 23,820 SF $0.13 $3,097 Gravel Bags 1,200 EA $2.00 $2,400 Stabilized Entry 1 EA $3, $3,000 Silt Fence 1,520 LF $2.00 $3,040 Slope Planting/Irrigation 23,820 SF $2.00 $47,640 $124,504 6" Curb & Gutter 210 LF $12.00 $2,520 6" AC Berm 940 LF $8.00 $7,520 Paving/ Base (4"AC/ 4" CL 2 ) 14,530 SF $3.00 $43,590 Enhanced Pavement 1,492 SF $4.00 $5,968 Street Name Sign 1 EA $ $500 Stop Sign 1 EA $ $500 Sidewalk 960 SF $3.00 $2,880 Enhanced Concrete Path 2,630 SF $6.00 $15,780 Driveway Apron 1,110 SF $9.50 $10,545 Sidewalk Ramp 1 EA $1, $1,000 $90,803 3" PVC Storm Drain 360 LF $40.00 $14,400 12" HDPE Storm Drain 680 LF $45.00 $30,600 12" X 12" Catch Basin 10 EA $ $1,500 Sidewalk Underdrain 2 EA $ $800 Storm Drain Cleanout 3 EA $4, $12,000 Bio Retention Basins 140 CY $25.00 $3,500 $62,800 8" PVC Water Main (Domestic) 320 LF $40.00 $12,800 1" Water Service-Domestic 10 EA $1, $15,000 8" Gate Valve 2 EA $1, $2,000 1" Air Release Valve 2 EA $2, $4,000 2" Blow/Off Assembly 2 EA $1, $2,400 $36,200 8" PVC Sewer Main (Private) 320 LF $40.00 $12,800 Manholes (Private) 1 EA $3, $3,500 4" Sewer Lateral 10 LF $1, $10,000 $26,300 8" PVC Sewer Main (Public) 130 LF $40.00 $5,200 Manholes (Public) 1 EA $3, $3,500 $8,700 Joint Trench 780 LF $65.00 $50,700 $50,700 Civil Engineering 1 L.S. $60,000 Soil Review 1 L.S. $1,000 Survey 1 L.S. $50,000 Soil Testing 1 L.S. $40,000 City Plan Check 1 L.S. $20,600 Chlordane Testing & Processing 1 L.S. $20,000 Landscape Architect 1 L.S. $15,000 $206,600 Parks 10 EA $7, $76,490 *Traffic (Outside CFD) 10 EA $3, $31,600 Drainage 3.1 AC $6, $19,248 Sewer Connection 10 EA $ $8,810 Water Connection 10 EA $8, $88,520 Habitat Management Permit 1 L.S. $518 Habitat Management Fee 3.1 AC $2, $8,513 $233,699 Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

10 PRELIMINARY COST ESTIMATES School Fees (3,000 $3.36/sf) 10 EA $10, $100,800 *Public Facilities (3.5% of value.-outside CFD) 10 EA $13, $130,568 $231,368 * Note: If development is placed inside a CFD, the following fees would be reduced or eliminated: Traffic (Inside CFD) 10 EA $2, $26,900 Public Facilities (1.82% of value.-outside CFD) 10 EA $6, $67,895 $9, $94,795 Summary of Improvements Site Improvements $124,504 Street Improvements $90,803 Strom Drain Improvements $62,800 Water Improvements $36,200 Sewer Improvements $26,300 Sewer Improvements (Off Site) $8,700 Dry Utilities $50,700 Consultant/City Fees $206,600 Development Fees $233,699 Other Fees $231,368 Total $1,071,674 Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

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

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

AREA NEW HOME INFO Buena Vista Lagoon 3 Buena Vista Elementary School Buena Vista Way 2

Valley St 1. Insignia (City Ventures) = 7,800 SF Min Lot - $1,100,000-$1,400,000 2.

Lanai (Shea Homes) = 7,500 SF Min Lot - $1,000,000-$1,200,000 *See following page for

13 AREA NEW HOME INFO Buena Vista Lagoon 3 Buena Vista Elementary School Buena Vista Way 2 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 - $1,100,000-$1,400, Enclave (South Coast) = 9,000 SF Min Lot - $985,000-$1,175, Lanai (Shea Homes) = 7,500 SF Min Lot - $1,000,000-$1,200,000 *See following page for additional details Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

COMPARABLE HOME SALES NEW HOME SALES COMPARABLES Min. Unit Size Max. Unit Size Total Units Total Units Total Units Average Sales # Project Builder City Open Date Type Lot Size sq ft sq ft Min.

14 COMPARABLE HOME SALES NEW HOME SALES COMPARABLES Min. Unit Size Max. Unit Size Total Units Total Units Total Units Average Sales # Project Builder City Open Date Type Lot Size sq ft sq ft Min. Price Max. Price Planned Sold Remaining Rate Zip 1 Insignia Carlsbad City Ventures Carlsbad 3/21/2015 Detached $1,100,000 $1,400, The Enclave at Buena Vista South Coast Communities Carlsbad 6/6/2015 Detached $983,990 $1,175, Lanai Shea Homes Carlsbad TBD Detached ,600 TBD TBD $1,000,000 $1,200, N/A Southern Preserve California West Carlsbad 2/7/2015 Detached $1,205,000 $1,325, Arterro at La Costa Davidson Communities Carlsbad 2/1/2014 Detached $949,900 $1,239, Casero Lennar Carlsbad 3/14/2015 Detached $889,990 $1,040, New Crest Court Davidson Communities Carlsbad 10/11/2014 Detached $1,028,900 $1,281, RESALE HOME COMPARABLES CMA Summary Report RESIDENTIAL Summary Statistics High Low Average Median LP:$1,699,000 $910,000 $1,271,711 $1,199,000 SP:$1,500,000 $900,000 $1,202,285 $1,139,500 RESIDENTIAL - Sold Number of Properties: 7 Num MLS # Status Style FllAdd ZipArea Beds TotB COEDate LotSFApx EstSF DOM LP $/EstSF SP $/EstSF SOLD DET 1379 CYNTHIA LANE CARLSBAD (92008) 4 3 5/4/2015 7,988 2, $910,000 $ $900,000 $ SOLD DET 2902 Austin Terrace CARLSBAD (92008) 5 3 3/4/2015 8,517 3, $1,049,987 $ $1,029,500 $ SOLD DET 1170 Chestnut CARLSBAD (92008) 3 3 7/9/ ,000 2, $1,195,000 $ $1,139,500 $ SOLD DET 3135 Canyon CARLSBAD (92008) /13/2015 3, $1,099,000 - $1,199, SOLD DET 1811 Oak CARLSBAD (92008) 3 5 8/23/2015 3, $1,299,000 - $1,399, SOLD DET 1815 Oak CARLSBAD (92008) /16/2015 4, $1,399,000 - $1,449, SOLD DET 1600 BUENA VISTA WAY $ $1,099,000 $ $ $1,349,000 $ $ $1,399,000 $ CARLSBAD (92008) 4 5 4/15/ ,077 3, $1,699,000 $ $1,500,000 $ Avg $1,271,711 $ $1,202,286 $ Min $910,000 $ $900,000 $ Max $1,699,000 $ $1,500,000 $ Med $1,199,000 $ $1,139,500 $ Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

15 For More Information, Please Contact: CA Lic# CA Lic# CA Lic# Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

OLDE CARLSBAD APPROVED 12 LOT TENTATIVE TRACT MAP

OLDE CARLSBAD APPROVED 12 LOT TENTATIVE TRACT MAP 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