2.87 Acres Average Lot Size 11,150 Square Feet Area of New Home Values Between $700,000 - $825,000 SALE PRICE: $1,140,000 Orleans Ave Subject Property S. Citrus Ave N Hayden Dr Bear Valley Pkwy
PAGE CONTENT 3 AERIALS 5 LOCATION MAP 6 PROPERTY INFO 7 DEVELOPMENT IMPACT FEES 8 DUE DILIGENCE LINKS 9 PROPERTY PHOTOS 11 PLAT MAP 12 TENTATIVE TRACT MAP 13 WATER / SEWER MAP 14 COMPS/MARKET INFO Bear Valley Pkwy S. Citrus Ave 2.87 Acres 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
AERIALS Valley Pkwy FERRARA PLAZA SHOPPING CENTER Bear Valley Pkwy Subject Property Orleans Ave S. Citrus Ave Oak Hill Dr HIDDEN VALLEY MIDDLE SCHOOL 3
AERIALS Bear Valley Pkwy Subject Property 2.87 Acres Citrus Ave Orleans Ave 4
LOCATION MAP CAMP PENDLETON VISTA FALLBROOK PALOMAR MOUNTAIN OCEANSIDE CARLSBAD SAN MARCOS ESCONDIDO PALOMAR AIRPORT CAL STATE SAN MARCOS ENCINITAS SOLANA BEACH SUBJECT PROPERTY VALLEY PKWY SUBJECT PROPERTY N DEL MAR POWAY BEAR VALLEY PKWY CITRUS AVE ORLEANS AVE MIDWAY DR 5
PROPERTY FEATURES PROPERTY INFO LOCATION: JURISDICTION: The property is positioned southeast of Bear Valley Parkway and S. Citrus Avenue intersection in the City of Escondido, County of San Diego. Less than 4 miles east of Interstate 15, this property has convenient access to major employment centers in both Riverside and San Diego County. With schools, parks, and retail nearby, this residential site is ideally positioned for a land banker or residential builder. City of Escondido APN # S: 231-470-03 ACREAGE: ZONING: GENERAL PLAN: TOPOGRAPHY: IMPROVEMENTS: PROJECT STATUS: IMPROVEMENT COSTS: IMPACT FEES: Approx. 2.87 Acres R-1-10 Suburban (Max 3.3 DU/Acre) Flat land The property has an existing 1,832 SF 2 bedroom/2 bath home that is currently rented. The site is on septic, has 2 water hookups, and 1 well. On October 10, 2017 the Escondido Planning Commission approved the 8 lot Tentative Subdivision Map, with lot sizes between 10,006 and 14,205 square feet. $116,949 per lot (8 lots) $43,696 per lot (7 lots) SCHOOL DISTRICT: Escondido Union School District SERVICES: Water/Sewer: City of Escondido Gas/Electric: SDG&E Fire: Escondido Fire Dept. Police: Escondido Police Dept. SALE PRICE: $1,140,000 6
DEVELOPMENT IMPACT FEES 220 S. Citrus Impact Fees Estimated Development Fees Per Approximate 2,800 SF Single Family Residence Item Amount Art in Public Places Fee $ 420 Citywide Facilities Plan Reimbursement Fee $ 58 Drainage Facilities Fee $ 1,092 Park Fees $ 4,212 Public Facilities Fee $ 4,624 Region of Influence Fee $ 1,500 RTCIP Fee $ 2,404 School Fees ($4.05/SF) $ 11,340 SDCWA Capacity Charge $ 4,840 SMIP Fee $ 23 Traffic Impact Fees $ 870 Wastewater Connection Fee $ 7,500 Water Connection Fees (3/4" Meters) $ 4,690 Water Treatment Capacity Charge $ 123 TOTAL PER SFR $ 43,696 *NOTE: Fees above would be for the 7 new homes. 7
DUE DILIGENCE LINKS DRAINAGE WORKS EASEMENT DRY UTILITIES COST ESTIMATES CLICK TO VIEW DOCUMENT LINKS NATURAL HAZARD DISCLOSURE PLANNING COMMISSION CONDITIONS OF APPROVAL ESCONDIDO FEE GUIDE FEMA FLOOD MAP EXISTING HOME FLOOR PLAN GEOTECHNICAL EVALUATION PLOTTED EASEMENTS S. CITRUS AVE/BEAR VALLEY PKWY SEWER PLANS SITE IMPROVEMENT COST ESTIMATE TENTATIVE MAP GENERAL PLAN SUBURBAN LAND USE DESIGNATIONS ZONING CODE MEADOWLARK LN/FIELDCREST PL SEWER PLANS 8
EXISTING HOME PROPERTY PHOTOS 9
SITE PROPERTY PHOTOS 10
PLAT MAP 11
ESCONDIDO TENTATIVE SUBDIVISION MAP SUB17-0013 TENTATIVE MAP X X X 12
WATER / SEWER MAP JM September 24, 2014 Escondido City Boundary Red: Band_1 Green: Band_2 Blue: Band_3 1:1,021 0 0.01 0.02 0.04 mi 0 0.0175 0.035 0.07 km DISCLAIMER: This Map is provided without warranty of any kind, either expressed or implied. By accepting this material you agree the City of Escondido assumes no liability of any kind arising from the use of this map. 13
NEW CONSTRUCTION SALES COMPARABLES ESCONDIDO SALE COMPS Project Builder Open Product Typical Lot Min Unit Max Unit Min Max Min Max Total Units Total Units Total Sales Sale Rate Zip Name Name City Date Type Lot Size Dimension Size Size Price Price $/SF $/SF Planned Sold Remaining Rate L3M Code Andalucia CalAtlantic Homes Escondido 5/30/2015 Detached 5,460 42x130 2,980 3,640 $721,900 $744,900 $204.64 $242.25 129 44 85 1.5 1.3 92029 Lexington KB Home Escondido 8/6/2016 Detached 10,000-2,473 3,192 $689,990 $705,990 $221.17 $279.01 43 16 27 1.1 0.0 92026 Pradera Lennar Escondido 1/30/2016 Detached 10,200 77' x 126' 2,406 3,606 $695,000 $770,000 $213.53 $288.86 70 58 12 2.7 1.7 92026 Estates at Canyon Grove Shea Homes Escondido 12/10/2016 Detached 15,000-2,894 4,115 $719,000 $820,730 $199.45 $248.45 82 32 50 3.0 3.0 92026 Heritage Collection at Canyon Grove Shea Homes Escondido 11/12/2016 Detached 10,000-2,325 3,402 $654,230 $723,920 $212.79 $281.39 97 49 48 4.3 4.7 92026 NEWER CONSTRUCTION SALES COMPARABLES BUILT SINCE 2016 CMA Summary Report RESIDENTIAL Summary Statistics High Low Average Median LP:$829,809 $579,000 $729,788 $736,000 SP:$856,361 $589,000 $730,268 $736,000 RESIDENTIAL - Sold Number of Properties: 16 Num MLS # Status Style FllAdd ZipArea Beds TotB COEDate LotSFApx EstSF DOM LP PrcSqft SP PrcSqft 1 SW17269517 SOLD DET 1135 E 3rd Avenue ESCONDIDO (92025) 4 3 2/1/2018 7,188 2,122 9 $724,900 $341.61 $715,000 $336.95 2 170023232 SOLD DET 668 Porfirio Diaz Glen ESCONDIDO (92026) 4 4 6/16/2017 10,111 2,492 7 $579,000 $232.34 $589,000 $236.36 3 170026924 SOLD DET 1971 N Iris Lane ESCONDIDO (92026) 4 3 8/12/2017 2,340 111 $669,000 $285.90 $649,000 $277.35 4 170003882 SOLD DET 2097 Del Rincon Place ESCONDIDO (92026) 4 3 4/27/2017 2,406 28 $698,990 $290.52 $698,990 $290.52 5 160009867 SOLD DET 2032 Meadow Vista Pl. ESCONDIDO (92026) 5 4 7/21/2017 3,061 104 $712,500 $232.77 $712,500 $232.77 6 170050013 SOLD DET 617 Lehner Ave ESCONDIDO (92026) 3 2 2/7/2018 2,473 102 $715,410 $289.29 $717,282 $290.05 7 170003876 SOLD DET 2076 Del Rincon Place ESCONDIDO (92026) 5 4 3/10/2017 3,061 17 $725,000 $236.85 $730,000 $238.48 8 170052348 SOLD DET 2088 Rancho Bonita Place ESCONDIDO (92026) 5 4 12/29/2017 10,000 3,606 34 $732,000 $203.00 $732,000 $203.00 9 170020312 SOLD DET 2036 Del Rincon Place ESCONDIDO (92026) 5 4 5/1/2017 3,061 6 $740,000 $241.75 $740,000 $241.75 10 170055359 SOLD DET 2058 Rancho Bonita Place 11 160052344 SOLD DET 2084 Campo Verde Court ESCONDIDO (92026) 4 4 11/30/2017 3,381 15 $742,000 $219.46 $742,000 $219.46 ESCONDIDO (92026) 4 4 3/17/2017 3,606 165 $749,000 $207.71 $749,000 $207.71 12 170020311 SOLD DET 2046 Del Rincon ESCONDIDO (92026) 4 4 7/6/2017 3,381 11 $755,000 $223.31 $755,000 $223.31 13 160056926 SOLD DET 2054 Campo Verde Court ESCONDIDO (92026) 4 4 4/10/2017 10,000 3,569 132 $759,000 $212.66 $759,000 $212.66 14 170009430 SOLD DET 2066 Del Rincon Place ESCONDIDO (92026) 4 4 3/15/2017 10,000 3,569 5 $765,000 $214.35 $759,165 $212.71 15 170020314 SOLD DET 2057 Del Rincon Place ESCONDIDO (92026) 4 4 7/13/2017 10,000 3,569 61 $780,000 $218.55 $780,000 $218.55 16 170048683 SOLD DET 1309 Malone Court ESCONDIDO (92026) 3 3 12/29/2017 20,100 3,216 50 $829,809 $258.03 $856,361 $266.28 Avg 4 3 11057 3057 53 $729,788 $244.26 $730,269 $244.24 Min 3 2 7188 2122 5 $579,000 $203.00 $589,000 $203.00 Max 5 4 20100 3606 165 $829,809 $341.61 $856,361 $336.95 14
ESCONDIDO SALE COMPS EXISTING HOME SALES COMPARABLES 3 BEDROOM SALES CMA Summary Report RESIDENTIAL Summary Statistics High Low Average Median LP:$649,000 $449,000 $502,977 $475,000 SP:$617,500 $443,000 $496,266 $475,000 RESIDENTIAL - Sold Number of Properties: 9 Num MLS # Status Style FllAdd ZipArea Beds TotB COEDate LotSFApx EstSF DOM LP PrcSqft SP PrcSqft 1 170062536 SOLD DET 2018 S Juniper Street ESCONDIDO (92025) 3 2 1/16/2018 2,026 4 $569,900 $281.29 $559,000 $275.91 2 170058471 SOLD DET 1166 N Avenue ESCONDIDO (92026) 3 2 2/16/2018 1,538 67 $495,000 - $525,000 $341.35 $518,000 $336.80 3 170051100 SOLD DET 2130 Wilson Place ESCONDIDO (92027) 3 2 12/22/2017 5,900 1,620 17 $449,000 $277.16 $443,000 $273.46 4 170055539 SOLD DET 1541 Oak Hill Dr ESCONDIDO (92027) 3 2 12/1/2017 7,500 1,566 3 $449,000 $286.72 $449,000 $286.72 5 170055157 SOLD DET 2423 Holly Ave ESCONDIDO (92027) 3 2 2/12/2018 6,900 1,588 67 $450,000 $283.38 $450,000 $283.38 6 170050509 SOLD DET 852 Oleander Place ESCONDIDO (92027) 3 2 11/28/2017 1,577 28 $430,000 - $450,000 $285.35 $445,000 $282.18 7 170056988 SOLD DET 2257 Montemar Ave ESCONDIDO (92027) 3 2 12/5/2017 6,000 1,524 4 $475,000 $311.68 $475,000 $311.68 8 170059825 SOLD DET 1402 N Ash Street ESCONDIDO (92027) 3 2 12/22/2017 8,100 1,688 15 $509,900 $302.07 $509,900 $302.07 9 170059896 SOLD DET 1107 Birch Ave ESCONDIDO (92027) 3 2 1/29/2018 25,864 2,035 19 $599,000 - $649,000 $318.92 $617,500 $303.44 Avg 3 2 10044 1684 24 $502,978 $298.66 $496,267 $295.07 Min 3 2 5900 1524 3 $449,000 $277.16 $443,000 $273.46 Max 3 2 25864 2035 67 $649,000 $341.35 $617,500 $336.80 Med 3 2 7200 1588 17 $475,000 $286.72 $475,000 $286.72 15
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