Rare Olivenhain Development Opportunity 360O Panoramic Views Near Shea Homes One Oak Project - 28 Lots Under Construction Encinitas Union School District SALE PRICE: $799,000 $649,000 Rancho Summit Dr SELLER FINANCING AVAILABLE Shea Homes One Oak Project 28 Single Family Homes Subject Property Lone Jack Rd Lone Hill Ln Dove Hollow Rd Fortuna Ranch Rd
PAGE CONTENT 3 AERIALS 5 LOCATION MAP 6 PROPERTY PHOTOS Subject Property 7 PROPERTY INFO 8 PLAT MAP 9 COMPARABLE HOME SALES No warranty or representation is made to the accuracy of the foregoing information. Terms of sale, lease and availability are subject to change or withdrawal without notice. 2
AERIALS S Rancho Santa Fe Rd LA COSTA CANYON HIGH SCHOOL Rancho Summit Dr Shea Homes One Oak Project Subject Property Adams Run OLIVENHAIN PIONEER ELEMENTARY SCHOOL Fortuna Ranch Rd DIEGUENO MIDDLE SCHOOL Lone Jack Rd BRIDGES AT RANCHO SANTA FE Rancho Santa Fe Rd El Camino Del Norte 3
AERIALS Lone Hill Ln Rancho Summit Dr Subject Property Canyon De Oro Dove Hollow Rd Adams Run Fortuna Ranch Rd 4
LOCATION MAP CAMP PENDLETON FALLBROOK PALOMAR MOUNTAIN VISTA OCEANSIDE CARLSBAD SAN MARCOS PALOMAR AIRPORT ESCONDIDO N ENCINITAS SOLANA BEACH SUBJECT PROPERTY CAL STATE SAN MARCOS Dove Hollow Rd Rancho Summit Dr SUBJECT PROPERTY Lone Hi l Ln Adams Run Lone Jack Rd Fortuna Ranch Rd 5
PROPERTY PHOTOS 6
PROPERTY FEATURES PROJECT INFO LOCATION: JURISDICTION: City of Encinitas APN: 264-450-13 ACREAGE: ZONING: DENSITY: TOPOGRAPHY: IMPACT FEES: The subject property is located along Rancho Summit Drive in the City of Encinitas, County of San Diego. Situated in the hills of Olivenhain, this site retains panoramic views of the downtown skyline, mountains to the east, and potentially the ocean from a second-story. 3.13 Acres Rural Residential 1 Dwelling Unit per 2 Acres Moderate Slope Approximately $52,907 Buyer to Verify Encinitas Development Impact Fees Per Approximate 3,800 SF Single Family Residence Item Amount School Fees - San Dieguito HSD ($1.65/SF)* $ 6,270 School Fees - Encinitas USD ($1.83/SF)* $ 6,954 Park Acquisition Fee/DU $ 6,792 Park Development Fee/DU $ 3,959 Open Space Land Acquisition Fee $ 438 Trail Development Fee $ 168 Community Facilities Fee $ 571 OWD Capacity Charge (3/4" Meter) Zone A $ 13,357 SDCWA Capacity Charge - System (< 1" Meter) $ 5,099 SDCWA Capacity Charge - Water Treatment (< 1" Meter) $ 141 Wastewater Capacity Charge $ 4,006 Fire Mitigation Fees $ 675 Encinitas RTCIP Traffic Mitigation Fee $ 2,357 SANDAG RTCIP Fee $ 20 Flood Control Fees ($0.21/SF)** $ 2,100 TOTAL PER SFR $ 52,907 PROJECT STATUS: The property is Parcel 4 of PM 12234. Just north, Shea Homes is grading for their 28 lot estate home community. The site retains a 1 ½ water meter that will provide capacity for an estate home and any landscaping requirements. NOTES: * School Fees are scheduled to increase sometime in 2018 ** Assumes average of 10,000 SF of impervious surfaces per SFR (inclusive of roads) SCHOOL DISTRICT: Encinitas Union School District SERVICES: Water Olivenhain Municipal Water District Sewer Septic Gas/Electricity SDG&E Fire Encinitas Fire Department Police Encinitas Police Department CLICK HERE TO VIEW ZONING SALE PRICE: $799,000 $649,000 7
PLAT MAP 8
COMPARABLE HOMES SALES NEW HOME COMPARABLES Project Builder Open Product Typical Min Unit Max Unit Min Max Min Max Total Units Total Units Total Sales Sale Rate Zip Name Name City Date Type Lot Size Size Size Price Price $/SF $/SF Planned Sold Remaining Rate L3M Code Preserve (The)/Agav Cornerstone Communities Carlsbad 11/12/2016 Attached - 1,420 1,681 $513,990 $580,990 $345.62 $361.96 88 33 55 2.9 4.0 92010 Beachwalk at MadisoVesta Pacific Development Carlsbad 7/24/2017 Attached - 1,594 1,607 $849,900 $888,400 $552.83 $533.19 6 1 5 0.4 0.3 92008 Flora at Escaya Brookfield Residential Chula Vista 9/16/2017 Attached - 1,495 1,710 $300,000 $300,000 $175.44 $200.67 107 7 100 4.1 2.0 91913 Vista Mar City Ventures Chula Vista 6/24/2017 Attached - 1,708 1,938 $446,490 $481,490 $248.45 $261.41 87 39 48 9.2 9.0 91910 Lovina Heritage Building and DevelopmeChula Vista 3/25/2017 Attached - 1,561 2,476 $420,900 $517,900 $209.17 $269.63 78 37 41 4.9 4.3 91913 Evo Meridian Communities Chula Vista 8/13/2016 Attached - 1,687 1,958 $428,900 $497,900 $254.29 $254.24 66 36 30 2.4 0.7 91915 Metro Meridian Communities Chula Vista 8/13/2016 Attached - 1,298 1,974 $384,990 $464,900 $235.51 $296.60 70 35 35 2.4 3.7 91915 Trio Meridian Communities Chula Vista 8/13/2016 Attached - 1,653 1,880 $445,900 $495,900 $263.78 $269.75 150 27 123 1.8 1.7 91915 Parc Place Pacific Coast Communities Chula Vista 3/25/2017 Attached - 1,116 1,587 $352,900 $414,900 $261.44 $316.22 175 26 149 3.4 4.3 91913 Tosara I & II Pacific Coast Communities Chula Vista 8/23/2014 Attached - 1,635 2,366 $394,900 $451,900 $191.00 $241.53 173 99 74 2.8 0.0 91913 Strata at Escaya Shea Homes Chula Vista 6/10/2017 Attached - 1,407 1,736 $373,000 $439,000 $252.88 $265.10 72 8 64 1.6 2.3 91913 Z at Millenia Shea Homes Chula Vista 11/12/2016 Attached - 1,288 1,475 $367,000 $405,000 $274.58 $284.94 106 33 73 2.8 3.7 91915 Aviare Sunrise Company Chula Vista 7/26/2014 Attached - 1,098 1,928 $326,900 $453,900 $235.43 $297.72 171 166 5 4.2 4.3 91913 Park Avenue Row HoDP Homes El Cajon 11/12/2016 Attached - 1,790 1,954 $442,900 $469,900 $240.48 $247.43 103 65 38 6.0 8.7 92020 Hampshire at Baysid Beazer Homes Imperial Beach 3/29/2017 Attached - 1,544 1,760 $561,990 $645,990 $367.04 $363.98 75 39 36 5.2 3.7 91932 Encinitas Enclave California West Communities Encinitas 9/29/2017 Detached 14,000 3,255 5,068 $1,650,000 $1,967,900 $388.30 $506.91 19 1 18 - - 92024 One Oak Shea Homes Encinitas 10/28/2017 Detached 8,500 4,120 4,120 $2,000,000 $2,000,000 $485.44 $485.44 28-28 - - 92024 Santo Way Unknown Encinitas 7/19/2016 Detached 5,000 2,117 2,264 $1,329,000 $1,420,000 $627.21 $627.78 6 5 1 0.3 0.3 92007 9
COMPARABLE HOMES SALES RESALE HOME COMPARABLES CMA Summary Report RESIDENTIAL Summary Statistics High Low Average Median LP:$3,395,000 $1,699,000 $2,450,875 $2,335,000 SP:$3,187,500 $1,550,000 $2,322,187 $2,287,500 RESIDENTIAL - Sold Number of Properties: 8 Num MLS # Status Style FllAdd ZipArea Beds TotB COEDate LotSFApx EstSF DOM LP PrcSqft SP PrcSqft 1 170025907 SOLD DET 3478 Lilac Summit ENCINITAS (92024) 4 4 7/28/2017 3,798 34 $1,599,000 - $1,699,000 $447.34 $1,550,000 $408.11 2 170002860 SOLD DET 3378 Adams Run ENCINITAS (92024) 4 5 1/17/2017 5,416 0 $1,995,000 $368.35 $1,965,000 $362.81 3 170034506 SOLD DET 3382 Calle Tres Vistas ENCINITAS (92024) 5 5 8/21/2017 108,028 7,465 10 $2,250,000 $301.41 $2,250,000 $301.41 4 170015248 SOLD DET 3325 Jasmine Crest ENCINITAS (92024) 5 5 7/31/2017 66,211 4,767 80 $2,275,000 $477.24 $2,075,000 $435.28 5 170007546 SOLD DET 3472 Calle Margarita ENCINITAS (92024) 5 6 5/11/2017 5,515 35 $2,395,000 $434.27 $2,325,000 $421.58 6 170015107 SOLD DET 3430 Via Monteverde ENCINITAS (92024) 6 6 10/2/2017 107,593 6,042 109 $2,599,000 $430.16 $2,550,000 $422.05 7 170012015 SOLD DET 1099 Double LL Ranch ENCINITAS (92024) 5 7 5/19/2017 6,612 55 $2,999,000 $453.57 $2,675,000 $404.57 8 160065910 SOLD DET 3471 Calle Margarita ENCINITAS (92024) 6 7 3/14/2017 7,640 44 $3,395,000 $444.37 $3,187,500 $417.21 Avg 5 5 93944 5906 45 $2,450,875 $419.59 $2,322,188 $396.63 Min 4 4 66211 3798 0 $1,699,000 $301.41 $1,550,000 $301.41 Max 6 7 108028 7640 109 $3,395,000 $477.24 $3,187,500 $435.28 Med 5 5 107593 5778 39 $2,335,000 $439.32 $2,287,500 $412.66 10
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