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0 Picadilly Ln - 72 Lot Tentative Map 24 Acres of Residential Land Offered at $2,000,000 in Grass Valley, CA 95945

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INVESTMENT HIGHLIGHTS

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EXECUTIVE SUMMARY

Residential Development Opportunity. 72 lots approved tentative map. There lots have been design as a duplex lots, however per the engineer of record, they make for excellent "0" lot line detached homes. Please review the engineer comments below.
To whom it may concern, I don't have the whole area proofed, but essentially this run per the attached exhibit identifies what this product would mean. Mimicking the PDF you sent, you would have 33' x 54' building footprint located 10' back from the sidewalk (if there is a garage it would need to recess to allow 20' to sidewalk). Lots would be 56' wide. This shows a 1' offset from building to property line to contain the eve and foundation footing. The side yard would be about 11' and then slope at a 2:1 slope at a 2:1 slope down to a point 5' from the neighboring house.
Martin Wood, SCO Engineer of record.

PROPERTY FACTS

Price $2,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Single Family Development
  • Single Family Residence
Total Lot Size 24.00 AC
Zoning R-2

1 LOT AVAILABLE

Lot

Price $2,000,000
Price Per AC $83,333.33
Lot Size 24.00 AC

9days diligence Max. 6months escrow Seller and buyer shall agree on partial reimbursement of utility lines and related lot "stub out" during the course of 90days 30days after and approved offer 10days Right Of First Offer that runs with the property

DESCRIPTION

The property is made up of four parts: 1) APN 022-140-055, a +-4.89 acre parcel, 2) APN 022-140-056, a +-2.80 acre parcel directly across from parcel 1, 3) portion of APN 022-140-057, a +-15.47 acre parcel and, 4) portion of APN 022-140-053, a +-59.88 acre parcel. All properties are included in the listing price, which is now an approved 72 lot tentative map, however per the engineer of record, they make for excellent "0" lot line detached home lots. Grass Valley is nestled in the Sierra Nevada foothills only one hour from both Lake Tahoe and Sacramento. The Nevada County economy has effectively transformed from mining and timber to a vibrant high-tech and tourist based industries to include many retirees, who enjoy the Historic Downtown of Grass Valley and Nevada City. This area continues to attract residents and business from the nearby Sacramento and San Francisco bay area. The lots are located less than half a mile from Super Markets, Target, Sears, Big Five, etc. Its also located near highway 49 with easy ingress to the on ramps and public transportation. The lots have access to Wolf Creek which was the heart of the " mother load" in the 1850's. The Berriman Ranch development is located less than a block away and comprises of 1,500sf to 3,00sf detached single family houses, with starting prices of $595,000 to the mid $650,000's

  • Listing ID: 25424741

  • Date on Market: 4/7/2022

  • Last Updated:

  • Address: 0 Picadilly Ln, Grass Valley, CA 95945

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