Thank you
Jack Franklin
Franklin Real Estate & Rentals
805-772-4277
Drastic price reduction! Imagine this 5-acre parcel improved with a custom home, barn, shop, and white rail fencing on the lot lines. Your estate will be seen for miles when driving up, down the coast, or from the air. This unique parcel is the remaining part of the Sequoia Ct tract of ten half-acre lots, and custom homes that average over 3000 sq ft in size. The entire subdivision is outside of the Coastal Commission Zone, but inside the City Limits and includes all city services and all public utilities. The subdivision is very private, and wildlife of deer, quail, rabbits, hawks, and Monarch butterflies abound. The ocean views are unobstructed. There are no HOA monthly dues or road maintenance. This is a flag lot, which from the air looked like an arrowhead. All four corners are staked, and a building pad is roughed in. A copy of the CC&Rs and the original soil report from Geo-Solutions is attached as a supplement. The Buyer will need to negotiate a fee directly with Geo Solutions to upgrade the reports when applying for a building permit. However, the fee will be less costly than the original reports. The original developer controls the CC&Rs and will allow the ADU unit. With an updated soil report and a full set of house plans, you should be able to secure a building permit within 6 to 9 months. You also have the option to add a separate ADU "accessory dwelling unit" for Mom and Dad. Call the Morro Bay Planning Department for all the details to build.
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Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 5.4
Lot Size Source: Estimated
Lot Size Square Feet: 235224
Original List Price: 750,000
Listing Contract Date: 2023-05-04
Listing Agreement: Exclusive Right To Sell
Parcel Number: 0651499022
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: MRBY - Morro Bay
Directions: Hwy 1 to San Joaquin to Ironwood to Sequoia Ct to flag lot
Zoning: RAG
Source Property Type: Land
Area: MRBY - Morro Bay
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
781 Market Avenue, Morro Bay, CA,93442 | $3,890,000 | -- | -- | -- | 69696 Sqft |
545 Atascadero Road, Morro Bay, CA,93442 | $699,000 | -- | -- | -- | 25000 Sqft |
545 Atascadero Road, Morro Bay, CA,93442 | $699,000 | -- | -- | -- | 25000 Sqft |
1680 Main Street #32, Morro Bay, CA,93442 | $160,000 | 1 | 1 | 399 | -- |
Little Morro Creek Road, Morro Bay, CA,93442 | $975,000 | -- | -- | -- | 1536796.8 Sqft |
Atascadero Road, Morro Bay, CA,93442 | $3,900,000 | -- | -- | -- | 162479 Sqft |
520 Zanzibar Street, Morro Bay, CA,93442 | $1,225,000 | 3 | 1 | 1,728 | 3150 Sqft |
3500 LOT 38 Panorama Dr.., Morro Bay, CA,93442 | $1,790,800 | -- | -- | -- | 1772892 Sqft |
3500 LOT #36 Panorama D.., Morro Bay, CA,93442 | $1,933,900 | -- | -- | -- | 2047320 Sqft |
3500 #34 Panorama Drive, Morro Bay, CA,93442 | $1,474,000 | -- | -- | -- | 1459260 Sqft |
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ByOwner last updated this listing 05/06/2024 @ 23:58
MLS: SC23076250
LISTED BY: Jack Franklin, Franklin Real Estate & Rentals
SOURCE: CRMLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.