Current Price:$1,050,000 List Date:11/12/2020Last Modified:3/28/2022
Description
HIGH DEMAND LOCATION READY FOR DEVELOPMENT. This 8.04 Acres is Zoned RM12 with a Planned Development Overlay allowing increased density without the need to terrace into the hillside. The approved tentative subdivision map incorporates a total of 64 units (40 duplex units and 6 fourplex units). The engineering work has been completed by Sharrah Dunlap Sawyer. The file includes a construction cost estimate and a mitigated negative environmental declaration. Development can be completed in 3 phases or all at once. This project is located in a high profile area, conveniently located near retail centers, restaurants with easy access to Hwy 44 & I-5. While City Amenities are easily reached, the project offers hillside green space, walking trails, and picnic tables.
More Information MLS# 20-5461
Address Info
Street Number: 1320, 1358Street Name: Old AlturasCross Street: VictorState/Province: CAPostal Code: 96003County: Shasta
Property Description
Current Price: $1,050,000Area: 02 - NE ReddingList Price: 950000GP Zone: RED 10-20 u/a - 10-20 dwelling units per acreZoning: RED - RM - Multiple Family DistrictsType: AcresSubdivision: N/AParcel Number: 071-270-012 & 021Acres Range: 6 - 10 AcresAcres: 8.04Lot Dim or Acres: 8.04 Acres
Remarks
Directions: From Downtown Redding take Hwy 44 East, take Victor Exit, head north on Victor to Old Alturas, property is on North side of Old Alturas and Victor intersection.
Contract Information
Sold Price: $1,050,000Sold Date: 2022-03-28Under Contract Date: 2021-05-21Status: ClosedList Date: 2020-11-11Commission SO: 3Commission SO Type: %
Addl Utilities Info
Electric: AvailableCable: AvailablePhone: Available
Property Features
Type: MULTISoil Type: UnknownID Instructions: SignPresent Use: OtherDevelopment Status: Raw Land; Tent Map ApprovalTopography: UpslopingDistance to Shopping: 1/4 - 1/2 MileDistance to Trans: 1/4 - 1/2 MileImprovements Req: Curbs; Gutter; SidewalkBonds/Misc: No KnownFence: Barbed; WoodDocuments Available: Aerial; Building Plans; Brochure; Subdivision Plan; Tentative MapUtility Availability: AllGas: Available; NaturalWater: AvailableWaste: AvailableAvailable Terms: Submit; CashPossession: Close of EscrowSelling Terms: New LoanDocuments: Plat Map
Listing Office: Northstate Commercial Partners
Co Office Name: Northstate Commercial Partners
Co Listing Agent: Ken Miller
Last Updated: March - 28 - 2022
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.