Buildable Lot, APPROVED city plans, financing available $1M + Homes

6567 Thornhill Dr, Oakland, CA 94611

$225,000 After Repair Value -
$225,000 Asking Price -
$0 Cost of Repairs =
$0 Potential Profit

Property Details

Asking Price $225,000

After Repair Value $225,000

Costs of Repairs $0

Potential Profit $0

Living Area 13,000 ft2

Property Type Land

Bedrooms 0

Bathrooms 0

Half Bathrooms 0

Parking 0

Listed with Agent Yes

Property Description

The lot is an up slope lot WITH PLANNING APPROVAL for an attractive 2,978 sf home. Excellent location for those who desire a custom designed home in this beautiful Montclair neighborhood characterized by trees, hills and large single family homes with Montclair Village just below. Utilities are at street level with easy access to Hwys 13, 24 and 580. This lot can be purchased individually or with 3 other nearby lots. The other 3 lots must be purchased together and can include a bonus lot (see plat map). Homes in this area range from small but expensive cottages to 1 and 2 million dollar estates, with a range of styles, comprising some of Oakland\'s largest and most expensive homes. They complement several of the highest ranked public schools in the city - Montclair Elementary, Thornhill Elementary, Joaquin Miller Elementary, and Montera Middle School. Montclair is located in Oakland\'s Council Member District 4. All planning documentation is CURRENT, and will be provided upon request (.pdf files).

The other 3 nearby lots by same owner (see plat map) need to be purchased together because of topography, the nature of the planning approvals and likely construction efficiency (see drawings). Also, the large lot behind these 3 lots might be perfect for a large backyard for one or more of these lots. Alternatively, the large lot could theoretically be accessible over a to-be-negotiated easement over a different adjacent lot.

ATTENTION
Financing is available through Umpqua Bank. Lender can finance the lot AND lend on the FUTURE EQUITY of the home even though the home is NOT built yet.

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