679 & 681 are being sold together for their development opportunity. 679 is priced at $550K and 681 is priced at $700K – totally $1.25M. Rare DEVELOPMENT OPPORTUNITY for two adjacent lots totaling 1.44 acres. The properties are currently single family residences with the remnants of a dog kennel. This prime location is well aligned with the current need for housing. Each site is zoned R-2 (Medium Density Residential). Per the City of Santa Maria Planning Department, 17 units total could potentially be developed on the combined lots and a Conditional Use Permit would be required prior to developing. Also, per the City of Santa Maria, a higher density could potentially be accomplished typically with more low income affordable units. The parcels have 2 street frontages for optimum access.NOTE – the nearby 575 E. Newlove 1.4 acre parcel has just completed the new construction of 4 multi-housing buildings consisting of 16 two bedroom apartments.Convenient to restaurants, the extensive Betteravia Road/Broadway retail corridor, and Allan Hancock College. Easy access to Highway 101 and surrounding communities. Interested parties must verify allowed uses and density through the City Planning Department.
Property Details
Price:
$700,000
MLS #:
V1-14094
Status:
Closed ((Oct 12, 2022))
Beds:
3
Baths:
1
Address:
681 Newlove Drive
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
SMIA – Santa Maria
City:
Santa Maria
Listed Date:
Aug 1, 2022
State:
CA
Finished Sq Ft:
1,352
ZIP:
93454
Lot Size:
47,916 sqft / 1.10 acres (approx)
Year Built:
1948
Schools
Elementary School:
Other
Middle School:
Other
High School:
Other
Interior
Appliances
None
Cooling
None
Fireplace Features
None
Exterior
Community Features
Biking, Park
Exterior Features
Kennel
Garage Spaces
1.00
Lot Features
Sprinklers None
Parking Features
Driveway Level
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public
Financial
Utilities
Electricity Connected, Water Connected, Sewer Connected, Natural Gas Available
Map
Contact Us
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Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …
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Courtesy of Douglas Elliman of California Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates / JoAnn Outland include the name of the listing broker. Neither the listing company nor Outland and Associates / JoAnn Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.681 Newlove Drive
Santa Maria, CA
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