Listed by Jason Hart • Hart Commercial Real Estate
$1,920,000
Est. payment /mo
3 Sqft Lot
Active
0 Northpoint CIR Orcutt, CA 93455
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Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPI25134425
Lot Size 3 Sqft
Property Sub-Type Other Residential Land
Source California Regional MLS
Property Description
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 A
Location
State CA
County Santa Barbara
Area Orct - Orcutt
Zoning D2
Exterior
Utilities Available Electricity - On Site, Telephone - Not On Site
View Hills
Building
Water Other
Others
Tax ID 107560033
Special Listing Condition Not Applicable
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