9109 Principal Avenue

    Atascadero, CA 93422
    • $2,400,000
    • STATUS: Active
    • ON SITE: 43 days
    • ID#: PI19269673
    UPDATED: 81 min ago
    $2,400,000
    • 0
      BEDS
    • 3.78
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Attention all builders and developers!!! Principal Mixed Use Project consists of Tract 3070 at 9105, 9107, and 9109 Principal and 9300 Pino Solo. Fully entitled for 52 houses consisting of 4 different plan types that includes townhouses, live work townhouses, stacked flats, and detached houses. Atascadero is a bedroom community of San Luis Obispo County. The projects's location is at the south end of Atascadero allows a commute of approx. 15 minutes to SLO. Principal will have monthly HOA dues of approx $100 per month. The project must sell 3 stacked flat units to low income buyers and 1 stacked flat unit to a moderate income buyer. In October, 2019, the price limit for a low income buyer is $221,000 and a Moderate Income buyer is $425,000. There is a recorded REA between the housing development and the adjacent Quiky car wash. Quiky pays for all of the cost of maintaining the shared access driveway. The Quiky car wash opened in Summer, 2019. Its operations do not create enough noise to impact house sales. The REA provides that Quiky Car Wash is responsible for any improvements along El Camino Real. To the best of our knowledge, in 2020 and 2021, Principal will be the only entry level housing project under construction in North County (consisting of Atascadero, Templeton, and Paso Robles)which has a combined population of approximately 100,000. Similar products sold in 2017-2018 went for an average price of $465,000.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-01-19T08:26:48.77. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.

    www.j1re.com/homes/101490513

    9109 Principal Avenue Atascadero, CA 93422

    • Price: $2,400,000
    • Status: Active
    • Updated: 81 min ago
    • ID#: PI19269673
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.78
    Acres
    Neighborhood:
    Atsoutheast(40)
    County:
    San Luis Obispo
    Area:
    ATSC - Atascadero
    Property Description
    Attention all builders and developers!!! Principal Mixed Use Project consists of Tract 3070 at 9105, 9107, and 9109 Principal and 9300 Pino Solo. Fully entitled for 52 houses consisting of 4 different plan types that includes townhouses, live work townhouses, stacked flats, and detached houses. Atascadero is a bedroom community of San Luis Obispo County. The projects's location is at the south end of Atascadero allows a commute of approx. 15 minutes to SLO. Principal will have monthly HOA dues of approx $100 per month. The project must sell 3 stacked flat units to low income buyers and 1 stacked flat unit to a moderate income buyer. In October, 2019, the price limit for a low income buyer is $221,000 and a Moderate Income buyer is $425,000. There is a recorded REA between the housing development and the adjacent Quiky car wash. Quiky pays for all of the cost of maintaining the shared access driveway. The Quiky car wash opened in Summer, 2019. Its operations do not create enough noise to impact house sales. The REA provides that Quiky Car Wash is responsible for any improvements along El Camino Real. To the best of our knowledge, in 2020 and 2021, Principal will be the only entry level housing project under construction in North County (consisting of Atascadero, Templeton, and Paso Robles)which has a combined population of approximately 100,000. Similar products sold in 2017-2018 went for an average price of $465,000.
    Exterior Features

    Lot Features Level Lot Size Source Assessor Lot Size Units Square Feet View Neighborhood View YN Yes

    Property Features

    Additional Parcels Description 030491021 Additional Parcels YN Yes Association YN Yes Community Features CurbsStreet Lights Country Us Distance To Water Comments 0 Elevation Units Feet Land Lease YN No New Construction YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Principal Water Source Public Zoning Mixed Use

    Listing provided courtesy of Charles Richardson of Richardson Prop. Christie's In and Andrew Richardson of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-01-19T08:26:48.77. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.

     
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