1320 Richland Rd, San Marcos, California 92069, San Marcos, 92069 - 2 bed, 1 bath
ACTIVE$4,199,988
1320 Richland Rd, San Marcos, California 92069
2Beds
1Bath
1,350Sqft
879,912Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 879912, living area = 1350.
Top Cons:
Complex Entitlement Process: The current expired subdivision map requires significant effort, time, and financial investment for updating and resubmittal, posing a substantial hurdle for immediate development.
Compared to the nearby listings
Price:$4.20M vs avg $1.08M (+$3,119,988)99%
Size:1,350 sqft vs avg 2,076 sqft15%
Price/sqft:$3.1K vs avg $53099%
More Insights
Built in 1936 (89 years old).
Condition: The property was built in 1936, making it 88 years old. The MLS description and property analysis explicitly state that the existing 1350 sqft home is 'likely functionally obsolete for modern standards and will require extensive renovation or demolition.' The listing focuses entirely on the 20.2 acres of land and its development potential, rather than the existing structure. There are no interior images, which further suggests the house itself is not a selling point and is considered to be beyond repair or not worth renovating for modern living standards, aligning with the criteria for a tear-down.
Year Built
1936
Close
-
List price
$4.2M
Original List price
$3.49M
Price/Sqft
$3,111
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2509850
Home ConditionTear down
Features
Good View: Mountain(s)
Deck
ViewMountain(s)
About this home
Come see the 20.2 acres of rolling hills and serene setting in prestigious San Marcos Farms! Seller is motivated to work with any corporation or individual interested in purchasing now. Property has a home/structure and some containers for storage on site. BUY NOW, map later. Priced for quick sale without map. For those wanting to map during escrow with closing at tentative should price accordingly with nonrefundable pay outs during process. All options are on the table. Current zone is for one acre lots. Current expired map needs updating and resubmittal to proceed. New sewer and wastewater treatment coming soon to the area. But now you can move forward with septic on site and 2" water meter. Electrical also to site.
Condition Rating
Tear down
The property was built in 1936, making it 88 years old. The MLS description and property analysis explicitly state that the existing 1350 sqft home is 'likely functionally obsolete for modern standards and will require extensive renovation or demolition.' The listing focuses entirely on the 20.2 acres of land and its development potential, rather than the existing structure. There are no interior images, which further suggests the house itself is not a selling point and is considered to be beyond repair or not worth renovating for modern living standards, aligning with the criteria for a tear-down.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 879912, living area = 1350.
Expansive Development Acreage: The property spans 20.2 acres (879,912 sqft) with current zoning allowing for one-acre lots, offering substantial subdivision and development potential in a desirable area.
Strategic Future Infrastructure: The impending arrival of new sewer and wastewater treatment facilities in the area will significantly enhance the property's long-term development viability and value.
Existing Essential Utilities: The presence of electrical, a 2-inch water meter, and a septic system on-site provides immediate utility access, reducing initial infrastructure setup costs for potential development.
Prestigious Location & Scenic Views: Situated in 'prestigious San Marcos Farms' with a serene setting and desirable mountain views, adding to its appeal for future high-end residential development.
Motivated Seller: The seller's stated motivation indicates potential for flexible terms or negotiation, which could be advantageous for a buyer willing to undertake the development process.
Cons
Complex Entitlement Process: The current expired subdivision map requires significant effort, time, and financial investment for updating and resubmittal, posing a substantial hurdle for immediate development.
Outdated Existing Structure: The 1936-built home (2 beds, 1 bath, 1350 sqft) is likely functionally obsolete for modern standards and will require extensive renovation or demolition, adding to the overall project cost.
High Upfront Development Costs & Risk: The property is priced 'without map' and implies 'nonrefundable pay outs' during the mapping process, indicating considerable upfront capital and risk associated with the entitlement and development phases.