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11009 Summit Ave

Santee CA 92071

2.32 ac.
Other
Currently for sale - view listing

Overview

Up to 32 Unit Development Opportunity! 2.32 Acre R-7 Housing Community, Townhome, or Multifamily Development Opportunity. Neighboring parcel for sale combining to 4.64 Acres and up to a 64 unit build. Parcel was recently approved for up-zoning to R-7 by the City of Santee as part of the 6th Cycle Housing Element. R-7 Zoning allows for 7 to 14 units per gross acre. It is a Medium Density Residential General Plan designation. Per the city's zoning code, the R-7 zone "is intended for a wide range of multiple family residential development types including detached units in planned residential development at the lower end of the density range and attached units at the higher end of the density range." Maximum lot coverage is 55%, maximum height is 35 feet/three stories, and there is no minimum lot size. NEW CONSTRUCTION COMMUNITIES IN DEMAND! Property is located in close proximity to in demand housing development communities such as Mastercraft Residential's Walker Trails, Summit Santee's Noble Way, Pardee Homes' Castlerock, Kb Homes' River Village and townhome/condominium development communities such as Presidio Cornerstone's Laurel Heights, Pardee Homes' Weston, City Ventures' Caribbean Way, Kb Homes' Prospect Fields, and William Lyon Homes' Riverview, just to name a few. Recent New Construction Community Home sales boast a closing range between $905,500 and $1,300,000. Recent New Construction Townhome/ Condominium Communities boast a sales closing range between $738,000 and $964,000.00 PRICE & TERMS: All offers will be considered. Suggested due diligence period is 60 days. Offers contingent upon entitlement may be considered.

Features

2.32 ac. lot size
Other

Property history for 11009 Summit Ave

2019
Sold
$647,000
25 Feb 2019 by Dave Grotewiel, of Coldwell Banker West

Happy sellers in Santee

90%
90% of sellers in Santee reported that their sale price either exceeded or met their price expectations.

Santee stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Santee over the last 12 months.

Local market activity for other properties in Santee

In the last 12 months, 80 other properties similar to 11009 Summit Ave, have been sold.

This represents a 42% increase in other properties sales when compared to the previous 12 months.

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