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olivenhain estate lot - 3.13 acres rancho summit drive | encinitas, ca 92024 MATT WEAVER 760.448.2458 [email protected] CalDRE Lic#01367183 AL APUZZO 760.448.2442 [email protected] CalDRE Lic#01323215 ALEX GUDIM 760.448.1368 [email protected] CalDRE Lic#02030313 Shea Homes One Oak Project Shea Homes One Oak Project 28 Single Family Homes 28 Single Family Homes o Rare Olivenhain Development Opportunity o 360° Panoramic Views o Near Shea Homes’ One Oak Project - 28 Homes Under Construction o Encinitas Union School District ASKING PRICE: $549,000 SUBJECT SUBJECT PROPERTY PROPERTY R a n cho Summit Dr R a n cho Summit Dr Canyon De Oro Canyon De Oro Lone Hill Ln Lone Hill Ln

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Page 1: olivenhain estate lot - 3.13 acresleelandteam.com/wp-content/uploads/2020/01/ranchosummit.pdf · olivenhain estate lot - 3.13 acres rancho summit drive | encinitas, ca 92024 MATT

olivenhain estate lot - 3.13 acresrancho summit drive | encinitas, ca 92024

MATT [email protected] Lic#01367183

AL [email protected] Lic#01323215

ALEX [email protected] Lic#02030313

Shea Homes One Oak ProjectShea Homes One Oak Project28 Single Family Homes28 Single Family Homes

o Rare Olivenhain Development Opportunity o 360° Panoramic Views o Near Shea Homes’ One Oak Project - 28 Homes Under Construction o Encinitas Union School District

ASKING PRICE: $549,000

SUBJECTSUBJECT PROPERTYPROPERTY Rancho Sum

mit D

r

Rancho Summ

it Dr

Canyon De Oro

Canyon De Oro

Lone Hill

Ln

Lone Hill

Ln

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22

LEE & ASSOCIATES HEREBY ADVISES ALL PROSPECTIVE PURCHASERS AS FOLLOWS:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Lee & Associates has not and will not verify any of this information, nor has Lee & Associates conducted any investigation regarding these matters. Lee & Associates makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of real estate, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this opportunity. Lee & Associates expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance or value of this property. The value of the property to you depends on factors that should be evaluated by you and your tax, financial, consultants and legal advisors. Buyer and Buyer’s tax, financial, legal, consultants and all advisors should conduct a careful, independent investigation of any property to determine to your satisfaction the suitability of the property for your needs.

Like all real estate, this property carries significant risks. Buyer and Buyer’s consultants, legal and financial advisors must request and carefully review all legal and documents related to the property. Any info provided including fees and costs are not guaranteed and should be verified by Buyer. These figures are subject to change at any time based on market, economic, environmental or other conditions. Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any potential development or use of the property. By accepting this Marketing Brochure you agree to release Lee & Associates and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.

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contents4 aerials

7 location map

8 property photos

9 property information

10 development impact fees

11 comparable home sales

13 plat map

14 education

15 demographics

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aerial

NN

4

SUBJECTSUBJECT PROPERTYPROPERTY

Rancho Summit Dr

Rancho Summit Dr

Canyon De Oro

Canyon De Oro

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aerial

NNNN

5

SUBJECTSUBJECT PROPERTYPROPERTY

Rancho Summit Dr

Rancho Summit Dr

Canyon De OroCanyon De Oro

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aerial

NN

6

CARLSBADCARLSBAD

ESCONDIDOESCONDIDO

ENCINITASENCINITAS

RANCHO SANTA FERANCHO SANTA FE

RANCHORANCHOBERNARDOBERNARDO

Lake HodgesLake Hodges

Lake San MarcosLake San Marcos

Moonlight State BeachMoonlight State Beach

McClellan-Palomar McClellan-Palomar AirportAirport

Batiquitos LagoonBatiquitos Lagoon Elfin Forest Elfin Forest Recreational ReserveRecreational Reserve

SAN MARCOSSAN MARCOS

SUBJECTSUBJECT PROPERTYPROPERTY

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OCEANSIDE

SAN CLEMENTE

CARLSBAD

ENCINITAS

SOLANA BEACH

DEL MAR

LA JOLLA

OCEAN BEACH

SAN DIEGO

CORONADO

CHULA VISTA

EL CAJON

LA MESA

ESCONDIDO

RAMONA

POWAY

ALPINE

SANTA YSABEL

JULIAN

SANTA ROSA & SAN JACINTO MOUNTAINS

MT LAGUNA

PINE VALLEY

BOULEVARD

OCOTILLO

MURRIETA

TEMECULA

SALTON CITY

VISTA

PALOMAR MOUNTAIN

CLEVELAND NATIONAL

FOREST

ANZA BORREGO DESERT STATE

PARK

USA/MEXICO BORDER

BORREGOSPRINGS

SANMARCOS

777

N

location map

subjectproperty

Lone H

ill L

n

Latigo Row

Rancho Summ

it Dr

Dove Hollow Rd

Fortuna Ranch Rd

SeaquestTrail

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88

property photos

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99

property information

document links:

education: Carlsbad Unified School District

services:Gas/Electric SDG&EWater Carlsbad Municipal Water DistrictSewer City of CarlsbadFire Carlsbad Fire DepartmentPolice Carlsbad Police Department

location:The subject property is located along Rancho Summit Drive in the City of Encinitas, County of San Diego. Situated in the hills of Olivenhain, this site retains panoramic views of the downtown skyline, mountains to the east, and potentially the ocean from a second-story.

jurisdiction:County of San Diego / City of Encinitas

apn:264-450-13

acreage:3.13 Acres

zoning:Rural Residential

density:1 Dwelling Unit per 2 Acres

topography:Moderate Slope

impact fees.:Approx. $33,583 (Buyer to Verify)

project status:The property is Parcel 4 of PM 12234. Just north, Shea Homes is building for their 28 lot estate home community. The site retains a 1 ½ ” water meter that will provide capacity for an estate home and any landscaping requirements.

education: Encinitas Union School DistrictSan Dieguito Union High School District

services:Gas/Electric SDG&EWater Olivehain Municipal Water DistrictSewer Septic (can potentially be annexed to OMWD)Fire Encinitas Fire DepartmentPolice San Diego County Sheriff’s Department

ASKING PRICE:$549,000

CLICK HERE TO VIEW EXHIBITS

Rancho Sum

mit

Dr

Rancho Sum

mit

Dr

CLICK HERE TO VIEW ZONING

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development impact fees

Item AmountCommunity Facilities 571$ Fire Department Fees 675$ Flood Control Fees* 945$ OMWD Capacity Fee** -$ Open Space Land Acq. 438$ Park Fees 10,751$ School Fees ($3.79/SF) 17,055$ Traffic Mitigation Fees 2,980$ Trail Development 168$

TOTAL PER SFR 33,583$

*** Encinitas may require additional affordable housing development in-liue fees. Buyer to confirm.

Estimated Development FeesPer Approximate 4,500 SF Single Family Residence

ENCINITAS

* Property has a 1-1/2" water meter and capacity fees have already been paid** Assumes new development has approximately 6,230 SF of impervious surfaces

Notes:

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new home comparables

project name: Alcove Azure Blue Crest Laurel Cove One Oak

builder name: Shea Homes CityMark Development

California West Communities Melia Homes Shea Homes

city: Encinitas Encinitas Encinitas Encinitas Encinitasopen date: 10/25/2018 3/23/2019 7/14/2019 3/3/2018 12/9/2017

product type: Detached Detached Detached Detached Detached

typical lot size: 8,050 9,195 10,000 4,500 43,560lot dimension: 70'x115' - - 45'x100' -min. unit size: 2,330 3,013 2,543 2,030 4,120max. unit size: 2,940 3,798 4,900 2,920 5,273min. price: $1,195,000 $1,949,000 $1,692,900 $1,100,000 $1,759,000max. price: $1,270,000 $2,342,000 $2,899,900 $1,529,000 $3,119,000min $/sf: $431.97 $616.64 $591.82 $523.63 $426.94max $/sf: $512.88 $646.86 $665.71 $541.87 $591.50total units planned: 16 8 13 9 28

total units sold: 6 6 4 8 12total units remaining: 10 2 9 1 16

sales rate: 0.6 1.0 1.5 0.4 0.6sale rate l3m: 0.0 0.7 1.3 0.3 1.7zip code: 92024 92024 92024 92024 92024

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resale home comparables

Information Provided Courtesy Of:DRE Lic#: CA

Search Criteria:Albert Apuzzo01323215

760-929-9700

Lee & Associates - Office: 760-929-9700©CRMLS and ©SDMLS. Information is believed to be accurate, but shall not be relied upon

Class=RE AND Close of EscrowDate=01/08/2019-06/06/2079 ANDYrBlt>=2018 AND Map=RadiusAND Status=SOLD AND Type=DET

01/08/2020 05:09 PM

CMA Summary Report

RESIDENTIAL Summary Statistics

High Low Average MedianLP:$3,995,000 $1,895,000 $2,622,250 $2,299,500SP:$3,995,000 $1,615,000 $2,446,250 $2,087,500

RESIDENTIAL - Sold Number of Properties: 4

Num MLS # Status Style FllAdd ZipArea Beds TotB COEDate LotSFApx EstSF DOM LP LP/EstSF SP SP/EstSF1 180043440 SOLD DET 3849 Rancho Summit ENCINITAS (92024) 4 5 1/16/2019 4,120 44 $1,895,000 $459.95 $1,615,000 $391.992 190051097 SOLD DET 312 Cole Ranch Road ENCINITAS (92024) 5 6 12/18/2019 3,725 33 $2,150,000 $577.18 $1,975,000 $530.203 180065749 SOLD DET 3840 Rancho Summit ENCINITAS (92024) 4 5 4/29/2019 4,666 106 $2,449,000 $524.86 $2,200,000 $471.504 190015249 SOLD DET 3572 James Ct ENCINITAS (92024) 4 5 8/9/2019 5,851 0 $3,995,000 $682.79 $3,995,000 $682.79

Avg 4 5 4590 45 $2,622,250 $561.20 $2,446,250 $519.12

Min 4 5 3725 0 $1,895,000 $459.95 $1,615,000 $391.99

Max 5 6 5851 106 $3,995,000 $682.79 $3,995,000 $682.79

Med 4 5 4393 38 $2,299,500 $551.02 $2,087,500 $500.85

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plat mapTax Map Fortuna Rancho Rd, Encinitas, CA

Tax Map Fortuna Rancho Rd, Encinitas, CA 6/17/2015 Page 1 (of 2)

This report is only for the myFirstAm user who applied for it. No one else can rely on it. As a myFirstAm user, you already agreed to our disclaimer regarding third party propertyinformation accuracy. You can view it here: www.myfirstam.com/Security/ShowEULA. ©2005-2015 First American Financial Corporation and/or its affiliates. All rights reserved.

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2

1

Diegueno Middle School2150 Village Park WayEncinitas, CA 92024

924 API

La Costa Canyon High School 1 Maverick WayEncinitas, CA 92024

859 API

Olivenhain Pioneer Elementary School8000 Calle AcervoCarlsbad, CA 92009

925 API

3

2

1

subjectsubjectpropertyproperty

encinitas union school district

san dieguito union high school district

Founded in 1883, the EUSD is located in beautiful north coastal San Diego County and serves the communities of Encinitas, Leucadia, Olivenhain and the Rancho La Costa area of south Carlsbad. The district’s enrollment of approximately 5,400 students is housed in nine kindergarten – sixth grade schools and includes a special education pre-school program. The district has a long-standing tradition of high student achievement and is acknowledged for its innovative learning opportunities. All nine schools have been recognized as California Distinguished Schools by the CA Department of Education and four have been named National Blue Ribbon Schools by the U. S. Department of Education. EUSD is proud of our students’ academic achievement, appreciative of our families’ involvement in our schools and grateful for the generous support from the communities that we serve.

The award-winning San Dieguito Union High School District is one of the nation’s finest districts, offering a wealth of academic and extracurricular opportunities in which its students can engage and excel. The SDUHSD educates students from the coastal North San Diego County communities of Cardiff-by-the-Sea, Encinitas, Leucadia, and Olivenhain in the City of Encinitas; the cities of Del Mar and Solana Beach; the community of La Costa in the City of Carlsbad; the community of Carmel Valley in the City of San Diego; and the communities of Rancho Santa Fe and Fairbanks Ranch.

Source: https://www.sduhsd.net/index.html

Source: http://www.eusd.net

education

3

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15

2019 demographics

population

787

average household income

$175,407

median household income

$119,142

total employees

52 total employees

6,079 total employees

67,316

estimated households

258 estimated households

14,810estimated households

54,369

average household income

$177,821

median household income

$134,740

average household income

$149,310

median household income

$111,120

population

42,085population

145,334

5 miles3 miles1 mile

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Lee & Associates, Inc - North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com/sandiegonorth

for more information, please contact

MATT [email protected] Lic#01367183

AL [email protected] Lic#01323215

ALEX [email protected] Lic#02030313