The Colfax property is 23.5 acre zoned for minimum one acre lots (F-B-43). The land is all usable.
The property has a fully up dated custom country home on one of the lots. The current owner has tentative map approved by Placer County for a minor land division. There is public water to the current home and approved for each lot of the minor land division.
This is more than a diamond in the ruff; it is acres of diamonds ready to be sold at a profit.
The asking price of $1,250,000 includes the updated move- in ready country home and horse amenities like a barn, pastures, arena, round pen and more. One option is making the current ranch a five acre horse ranch which can be sold in the mid eight hundred thousand dollar range.
This lowers the price to the remaining 18.5 acres to only $400,000. That makes the cost only $26,700 per acre!
Worth a look?
The 23 acre land can be subdivided into one acre parcel by zoning. The current improvement plan for Kingston way is for a four parcel spilt.
Parcel 1 is a 1.44 acre lot near the front of the property.
Parcel 2 is a 5.00 acre lot.
Parcel 3 is a 6.51 acre lot.
Parcel 4 is a 10.55 acre lot. This lot is where the current house is located
The parcel map on this page has the place of each lot located on the land. 3 of the parcels can be subdivided into small lots is the new owner wants to make one acre lots.
