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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

$ 1,400,000

Est. payment | -/mo

3.99 Acres Lot

Save

$ 1,400,000

Est. payment | -/mo

Save

3.99 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

Subdivision Orcutt West(880)

MLS Listing ID PI26059582

Lot Size 3.990 Acres

Property Sub-Type Lots/Land

Property Description

Major Price Reduction! SUMMARY This property offers a developer the chance to acquire a well-defined project with significant, pre-negotiated fee waivers and a resolved airport land use conflict. While it requires re-entitlement, the extensive project history and existing agreements provide a clear and de-risked roadmap for bringing 32 new homes to the attractive Orcutt market. KEY FINANCIAL ADVANTAGES & REDUCED FEES No School Fees for OUSD: A recorded settlement agreement with the Orcutt Union School District means a future developer will not have to pay school impact fees to the OUSD. This represents a considerable savings, as the current OUSD residential development fee is $3.69 per square foot as of June 2024, a potential savings of $160,000. No Quimby/Park Fees: A settlement with Santa Barbara County states that Quimby/Park fees, currently $5,344 per single-family dwelling, will not be required as the map has already been recorded. This amounts to a potential savings of over $171,000. No Affordable Housing In-Lieu Fees: The same settlement agreement with the county determined that no affordable housing mitigation would be required for the project, representing another significant potential cost reduction. HOA Agreement in Place: A mediated settlement with the Northpoint Homeowner's Association (HOA) clarifies that this phase is not required to join the existing HOA but will contribute to shared road and drainage basin maintenance. This agreement provides a clear framework for managing shared infrastructure costs and mitigates potential disputes with the existing as

Location

State CA

County Santa Barbara

Direction Union Valley Parkway to Northpoint

Interior

Fireplace No

Exterior

Utilities Available Cable TV, Electric, Natural Gas, Telephone

View Y/N No

Others

Senior Community No

Tax ID 107560033

Acceptable Financing Exchange

Listing Terms Exchange

Listed by Jason Hart, DRE#01334694 Hart Commercial Real Estate

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA, 92008, USA

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0 Northpoint Santa Maria, CA 93455