0 Northpoint CIR Active Save Request In-Person Tour Request Virtual Tour
Orcutt,CA 93455
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPI25134425
Lot Size 3 Sqft
Property Sub-Type Other Residential 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 A
Location
State CA
County Santa Barbara
Area Orct - Orcutt
Zoning D2
Exterior
Utilities Available Electricity - On Site,Telephone - Not On Site
View Hills
Building
Water Other
Others
Special Listing Condition Not Applicable