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Views - Seller Financing
Address
900 Melrose Place, San Diego, CA
Price
$ 795,000
Property Attributes
  • MLS#220024046
  • TypeLand
  • CountySAN DIEGO
  • CitySan Diego
  • NeighborhoodEmerald Hills
  • Zip92114
  • StyleResidential
  • Price$ 795,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.37998 Acres
Data Source:
San Diego Regional MLS (SDMLS)
Property Description

CALLING ALL DEVELOPERS! This awesome 60,112 square foot (1.37 Acres) parcel with Views to the Bay and Coronado Bridge is full of Opportunity! Situated in beautiful Emerald Hills in a cul-de-sac, a true developers dream come true! Owner started the process to develop up to 15 SINGLE Family Homes + ADU's! This is NOT RAW Land as Owner has began process for: Soils, Civil Engineering Prelim Work & Developmental. ATTENTION: This Property falls within the "Opportunity Zone! Investor's Keep all Appreciation on this purchase if they hold the property for at least 10 Years! The 2017 Tax Cuts and Jobs Act is a new tax incentive provision promoting investment in economically distressed communities. ATTENTION: This Property falls within the "Opportunity Zone! Investor's Keep all Appreciation on this purchase if they hold the property for at least 10 Years! The 2017 Tax Cuts and Jobs Act includes a new tax incentive provision intended to promote investment in economically distressed communities, referred to as “Opportunity Zones.” Through this program, investors can achieve the following three significant tax benefits: 1. Deferral of Gain: tax on capital gains following disposition of property are deferred if such gains are invested in a “Qualified Opportunity Fund” within 180 days of disposition until the earlier of the date on which the subsequent investment is sold or exchanged, or December 31, 2026; 2. Up to 15% of Taxable Gain Extinguished: 10% of the tax on the gain invested in the 0QOF is eliminated after 5 years and an additional 5% (for a total of 15%) is eliminated after 7 years; and 3. Elimination of Gain on Investment in Fund: if the investment is held in the QOF for at least 10 years, taxes on the appreciation in value of the investment in the QOF are eliminated. ALL INFORMATION PROVIDED IS DEEMED RELIABLE BY THE SELLER. IT IS THE BUYER'S RESPONSIBILITY TO PERFORM ALL INSPECTIONS AND VERIFY ALL INFORMATION INCLUDING BUT NOT LIMITED TO: NUMBER OF UNITS, PERMITTED ROOMS, SQUARE FOOTAGE, AND ALL OTHER BUYER DUE DILIGENCE BEFORE THE CLOSE OF ESCROW.

Price History
9/20/2022 Listed $795,000

General Features

CFD/Mello-Roos Fee 0.0
Highest Best Use Residential
Neighborhood Emerald Hills
Other Fees 0.0
Present Use Unimproved
Price Per Sq Ft 576086.96
Sale/rent For Sale
Senior Community Y/N N/K
Site Cul-De-Sac
Terms Cash, Seller May Carry
Topography Level, Slope Gentle
View Bay, City
Water Available
Zoning R-2:MM

Exterior Features

Fencing Partial
Frontage Open Space, Other/Remarks
Irrigation N/K
Lot Size Area 1+ to 2 AC
Water District CITY OF SAN DIEGO

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 92114

Price
AVG $1.06M
$800K
Visits
AVG 14
6

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