4200 Coulter Ln - Latrobe Ranch 160.25 Acres of Residential Land Offered at $1,450,000 in Shingle Springs, CA 95682

This is a 1200sf 2-3 bed 2 bath house on 160 acres. Great investment for finishing the parcel split and developing the lots in an area of 3,000-4,000sf homes on 20-40 acre lots selling at $1-2M.
Per county, the existing home can be treated as an ADU and another home built on the property. (Buyer to verify.)
A parcel split to portion the 160 acres into four 40 acre lots has a tentative map approval and improvement plans for the required road approved. The buyer could build the road, finish the final accounting with the county for the split, and sell off the adjoining parcels. Or buyer could just post a bond to build the road later, finalize the split, sell the parcels, and build the road later with a little of the funds from the sold parcels. Seller will provide all information and plans for the split, buyer to verify.
Comparable properties for the resulting lots after the split are selling in Latrobe and Shingle Springs:
Two adjoining 40 acre parcels are selling for $450,000 (MLS 225151948) and $365,000 (MLS 225140942) (the second is a bankruptcy sale and the road is rough and unpaved, so it's lower than market price would be for 4200 Coulter) and a 40 acre parcel on nearby Settler's Trail also listed at $450,000 was just in escrow and now back on the market (MLS 226028796).
5520 Mother Lode Drive, Placerville (MLS 226000278) is about the same distance as 4200 Coulter from El Dorado Hills. This is a fixer on 40 acres: 1166sf, 2-3 bed, 1 bath, not remodeled like 4200 Coulter. Listed at $900,000 and pending after only 6 days on market.
While the owner doesn't have a formal written estimate for the road cost, one road contractor gave a rough figure for it to cost around $350,000. The remaining county fees are negligible compared to the road cost. Buyer to verify all estimates during escrow investigation period.
For more information, including a 360 property walk and map on Google Earth, please visit our homepage at LatrobeRanch.com.