Orcutt, CA 93455,0 Northpoint Circle
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$ 1,700,000
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0 Northpoint Circle Orcutt, CA 93455

3.99 Acres Lot


UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPI25134425

HOA Y/N No

Lot Size 3.990 Acres

Acres 3.99

Property Sub-Type Unimproved Land

Property Description

SUMMARY This property offers a developer the chance to acquire a well-defined project with significant, pre-negotiated fee waivers and a resolved airport land use conflict. While it requires re-entitlement, the extensive project history and existing agreements provide a clear and de-risked roadmap for bringing 32 new homes to the attractive Orcutt market. KEY FINANCIAL ADVANTAGES & REDUCED FEES • No School Fees for OUSD: A recorded settlement agreement with the Orcutt Union School District means a future developer will not have to pay school impact fees to the OUSD. This represents a considerable savings, as the current OUSD residential development fee is $3.69 per square foot as of June 2024, a potential savings of $160,000. • No Quimby/Park Fees: A settlement with Santa Barbara County states that Quimby/Park fees, currently $5,344 per single-family dwelling, will not be required as the map has already been recorded. This amounts to a potential savings of over $171,000. • No Affordable Housing In-Lieu Fees: The same settlement agreement with the county determined that no affordable housing mitigation would be required for the project, representing another significant potential cost reduction. • HOA Agreement in Place: A mediated settlement with the Northpoint Homeowner's

Location

State CA

County Santa Barbara

Zoning DR-3

Interior

Fireplace No

Exterior

Utilities Available Other Water/Sewer, Water/Sewer See Remarks, Cable Connected, Electricity Connected, Natural Gas Connected, Sewer On Site, Telephone

View Y/N true

View Hills

Building

New Construction No

Others

Tax ID 107560033


Bridge MLS
Listed by Jason Hart • Hart Commercial Real Estate
Devin Ratoosh

Devin Ratoosh

Broker Associate | License ID: r01820096

+1(510) 919-5499

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0 Northpoint Circle