Great location, across from Fountain Springs Church. Price includes: 1.43 acres of land, complete plans to build 28 units in two buildings: a 12-unit bldg and a 16-unit bldg, 17 garage stalls. The completed soils engineering is by American Engineering; fully designed/engineered & market-tested plans are by KDG - Kennedy Design Group & Hermanson Egge Engineering. RC Engineering has approved the extensive 30+ pages of detailed plans. The project is understood to be ready for a building permit based upon the above. Price is based upon "standard MDR land value of $3.50 per foot" - per May '18 DOE office est. Plus an est. 2% of hard/soft costs to this approval point and balance of value to project developer. Most people would not offer a project for sale this far along. It's a great and unique opportunity, while it lasts. Design or Architecture fees on a project this size are believed to be valued at 6-7% or around $200k. Owner is a SD real estate licensee. Borders golf course!
|DAYS ON MARKET||143||LAST UPDATED||5/29/2018|
|TRACT||FOUNTAIN SPGS||YEAR BUILT||2019|
|STATUS||Active||PROPERTY TYPE(S)||Multi Family|
|LOT DESCRIPTION||Flat, Golf Course|
|LOT DIMENSIONS||1.43 ACRES|
|VIEW DESCRIPTION||Golf Course,Hills,Meadow|
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