Fair Oaks, CA, CA 95628

$1,700,000

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List Price
$1,700,000
Status
ACTIVE
MLS#
ML82059892
County
Sacramento
Lot Size (acres)
4.24
Days on Market
10
Property Type
Land

Property Description

8452 Madison Avenue is a +/-4.24-acre residential development site in Fair Oaks. The site has frontage and access from Madison Avenue, one of the major surface streets in the area. Currently zoned RD-3, the site can potentially be re-zoned to allow development with single-family residential uses up to 10 units per acre. There is one active new home project in Fair Oaks and one development that recently sold out. Fetz Estates is a custom home development with only 12 lots. Homes in this community start at $1.2 million. The Heritage at Gum Ranch is a 251-home development that recently sold out. Recent sales in this community start in the low $800,000s, with some homes selling in the mid-$900,000 range. The subject property is less than ten minutes drive to several major shopping centers. Target, Walmart, Raleys, Safeway, Trader Joes, Grocery Outlet and WinCo Foods are all nearby. Additionally, there are dozens of restaurants, shops, and service businesses in the neighborhood.

Additional Information

Parcel Number
24901500040000
Sewer
Public Sewer
School District
Other
Elementary School
Other
High School
Other

Listing courtesy of Listing Agent: Joshua Johnson (joshua.johnson@marcusmillichap.com) from Listing Office: Marcus & Millichap.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.