0 Northpoint, Orcutt, CA 93455 - MLS#PI25134425 - Matt O'Brien

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sat

Aug

Sun

Aug

Mon

Aug

Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,920,000

Est. payment | -/mo

Save

$ 1,920,000

Est. payment | -/mo

Save

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

Subdivision Orcutt West(880)

MLS Listing ID PI25134425

Property Sub-Type Lots/Land

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 Association (HOA) clarifies that this phase is not required to join the existing HOA but will contribute to shared road and drainage basin maintenance. This agreement provides a clear framework for managing shared infrastructure costs and mitigates potential disputes with the existing association. DEVELOPMENT

Location

State CA

County Santa Barbara

Direction Union Valley Parkway to Northpoint

Interior

Fireplace No

Exterior

Utilities Available Cable TV, Electric, Natural Gas, Telephone

View Y/N No

Others

Tax ID 107560033

Listed by Jason Hart Hart Commercial Real Estate

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

GET MORE INFORMATION

QUICK SEARCH

There are 38 quick searches

0 Northpoint Orcutt, CA 93455