$1,920,000
Est. payment /mo
Active
0 Northpoint Orcutt, CA 93455
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Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
Subdivision Orcutt West(880)
MLS Listing ID PI25134425
Property Sub-Type Lots/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 Association (HOA) clarifies that this phase is not required to join the existing HOA but will contribute to shared road and drainage basin maintenance. This agreement provides a clear framework for managing shared infrastructure costs and mitigates potential disputes with the existing association. DEVELOPMENT
Location
State CA
County Santa Barbara
Direction Union Valley Parkway to Northpoint
Interior
Fireplace No
Exterior
Utilities Available Cable TV, Electric, Natural Gas, Telephone
View Y/N No
Others
Tax ID 107560033
Listed by Jason Hart Hart Commercial Real Estate