Live Oak Avenue Galt, CA 95632
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Off Market
Purchase Type For Sale
Square Footage 3,966 sqft
Price per Sqft $428
Bedrooms 9
Year Built 1973
Lot Size 50.060 Acres
Property Description
• 50 Acres
• 24 Lots (2 acres each)
• Sales Price: $1,700,000
• Includes Tentative Map application (submitted), engineering, plans and all work product
• Lot Price: $70,833/each
• Or Joint Venture Partner: $400,000 (25% equity)
Contact Alexis@alexismcgeegroup.com for full offering package, including the detailed P&L for the potential build-out of the 24 residential lots. Package includes accurate numbers based on engineer's estimates and real world cost quotes. The P&L shows a gross land residual value over the purchase price to the land developer of close to $400,000 with an after purchase price of $1,700,000. There is also over $3,100,000 in Builder profit. The Total Profit is $3,300,000. You will also find all the details for the 24 lots, 3 existing houses, plus $40,000 - $50,000 income per year, dairy property. Plus, you'll find the "as is" Appraisal of $1,580,000 from Feb 2018, completed prior to the tentative map. Surrounding newer homes sell for $775,000 for 2879 sf on 1.7 acres. We will have the first gated community, 3,000 sf on 2 acres, using a conservative ARV of $699,000 (15% below market). Comps are included. Hurry, this is a great development opportunity!
Location
State CA
County Sacramento
Exterior
View Pasture
Building
Lot Description Agricultural Leveled
Others
Special Listing Condition None
NEARBY SCHOOLS & BUSINESSES
School Assignment Notice:
The schools shown in the Nearby Schools and Businesses section are based on geographic proximity and may not reflect the schools assigned to this property. School attendance boundaries are subject to change due to rezoning and other factors. Buyers should independently verify current school assignments with their real estate agent and the information provided in the MLS listing, as well as with the applicable school district, before making a purchase decision.
WORK WITH US
Our collective skills in market analysis, negotiation, and client relations ensure a smooth and successful experience. We pride ourselves on our ability to adapt to your unique needs and preferences, offering tailored solutions and attentive service. With a strong focus on communication and integrity, we strive to make every step of the real estate process seamless and stress-free. Partner with us, and let our team turn your real estate aspirations into reality.Our collective skills in market analysis, negotiation, and client relations ensure a smooth and successful experience. We pride ourselves on our ability to adapt to your unique needs and preferences, offering tailored solutions and attentive service. With a strong focus on communication and integrity, we strive to make every step of the real estate process seamless and stress-free. Partner with us, and let our team turn your real estate aspirations into reality.
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