11009 Summit Avenue Santee CA 92071 ACTIVE
MLS# 230004626SD photo #1
$2,700,000
bd/ba
sf
101,059 lot
3/10/23: 2,700,000 Original List Price 1/1/70: New Listing
1/1/70: Pending after 133 days on market
421 Days on Market

Land
Panoramic View
story
0 Parking Garage Spaces
Y Fireplace
Laundry Location

R-7 Zoning
Santee Neighborhood
Unknown Complex/Park
$0 Total Fees/mo (HOA and/or Mello)
230004626SD MLS

Up to 32 Unit Development Opportunity! 2.32 Acre R-7 Housing Community, Townhome, or Multifamily Development Opportunity. Neighboring Parcel for sale to combine 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

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Listing by Pamela Macias - Radius Agent Realty

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Seth Chalnick
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Sales History:
Close of Escrow Sale Price
04/08/2019 $647,000
Sold Comparables:
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Monthly Payment:
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20% Down Conventional
Price $2,700,000
Down Payment% 20.0%
Down Payment$ $540,000
Loan Amount $2,160,000
Term (years) 30
Interest Rate
Principal & Interest
Property Tax $2,475
Home Insurance $200
Total monthly fees (HOA and/or Mello) $0
Estimated Total Payment/mo
 
Property Tax Deduction
Housing Amount You Pay Now
Relative additional expense/savings
3.5% FHA
FHA Unavailable for this price point
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Seth Chalnick
619.251.8803
seth@sethchalnick.com
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