Description
This a one of two adjacent primo 2.27 acres [4.54 acres total] frontage parcels; 668 ft. on the positive slope of the northside of Hacienda Ave and 303 ft. on Verbena Dr.; for a 270 Southwesterly view scape of Coachella Valley: San Jacinto Mountains and the entrance to the San Gorgonio Pass. Both parcels are zoned R-VS-H [Residential/Visitors-Service-High Density] Hot water spa, Hotel, or 14 Residential units] with 120-125 mineral springs at a depth of 300 ft., and utilities up to property. With a variance-of-use [petition City to amend General Plan] 56 to 60 townhomes on the two lots. Noting that a precedence has be set as the City Council granted Hacienda Hills development a variance of used to build 60 townhomes [completed 08/31/2009] within the 642-081-parcel block. Extra! Desert Hot Springs has been designated an Opportunity Zone [developers can defer or eliminate capital gain taxes up to 39% per million tax credit over 7 years], the California Business and Economic development Go-Biz initiative is offering income tax credit to business], and these parcels are in that opportunity zone. Albeit, this 4.54 acres is unmatched Economic Opportunity for an estute developer!
Details
| MLS# | 219038692PS |
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| Listing Type | For Sale |
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| Sub-Type | Resale |
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| Status | Active |
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| Days On Site | 342 |
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Features
| Acreage | 2.54 |
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| Property View | Yes |
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| Date | Sales | Avg $ Per SqFt | Min Sale Price | Max Sale Price | Med Sale Price |
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| Date: Nov 2020 | Sales: 184 | Avg $ Per SqFt: $90.31 | Min Sale Price: $1,300 | Max Sale Price: $1,100,000 | Med Sale Price: $70,500 |
| Date: Oct 2020 | Sales: 24 | Avg $ Per SqFt: $154.51 | Min Sale Price: $1,595 | Max Sale Price: $460,000 | Med Sale Price: $245,000 |
| Date: Sep 2020 | Sales: 50 | Avg $ Per SqFt: $116.77 | Min Sale Price: $800 | Max Sale Price: $686,000 | Med Sale Price: $215,000 |
| Date: Aug 2020 | Sales: 59 | Avg $ Per SqFt: $135.82 | Min Sale Price: $853 | Max Sale Price: $390,000 | Med Sale Price: $205,000 |
| Date: Jul 2020 | Sales: 66 | Avg $ Per SqFt: $123.2 | Min Sale Price: $925 | Max Sale Price: $508,000 | Med Sale Price: $166,500 |
| Date: Jun 2020 | Sales: 51 | Avg $ Per SqFt: $115.16 | Min Sale Price: $810 | Max Sale Price: $360,000 | Med Sale Price: $152,000 |
| Date: May 2020 | Sales: 50 | Avg $ Per SqFt: $128.88 | Min Sale Price: $800 | Max Sale Price: $410,000 | Med Sale Price: $244,500 |
| Date: Apr 2020 | Sales: 61 | Avg $ Per SqFt: $103.81 | Min Sale Price: $950 | Max Sale Price: $780,000 | Med Sale Price: $205,000 |
| Date: Mar 2020 | Sales: 1196 | Avg $ Per SqFt: $91.42 | Min Sale Price: $500 | Max Sale Price: $599,000 | Med Sale Price: $148,000 |
| Date: Feb 2020 | Sales: 141 | Avg $ Per SqFt: $113.96 | Min Sale Price: $699 | Max Sale Price: $524,900 | Med Sale Price: $179,000 |
| Date: Jan 2020 | Sales: 40 | Avg $ Per SqFt: $111.74 | Min Sale Price: $600 | Max Sale Price: $450,000 | Med Sale Price: $167,500 |
| Nov 2020 |
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| Sales: | 184 |
| Avg $ Per SqFt: | $90.31 |
| Min Sale Price: | $1,300 |
| Max Sale Price: | $1,100,000 |
| Med Sale Price: | $70,500 |
| Oct 2020 |
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| Sales: | 24 |
| Avg $ Per SqFt: | $154.51 |
| Min Sale Price: | $1,595 |
| Max Sale Price: | $460,000 |
| Med Sale Price: | $245,000 |
| Sep 2020 |
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| Sales: | 50 |
| Avg $ Per SqFt: | $116.77 |
| Min Sale Price: | $800 |
| Max Sale Price: | $686,000 |
| Med Sale Price: | $215,000 |
| Aug 2020 |
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| Sales: | 59 |
| Avg $ Per SqFt: | $135.82 |
| Min Sale Price: | $853 |
| Max Sale Price: | $390,000 |
| Med Sale Price: | $205,000 |
| Jul 2020 |
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| Sales: | 66 |
| Avg $ Per SqFt: | $123.2 |
| Min Sale Price: | $925 |
| Max Sale Price: | $508,000 |
| Med Sale Price: | $166,500 |
| Jun 2020 |
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| Sales: | 51 |
| Avg $ Per SqFt: | $115.16 |
| Min Sale Price: | $810 |
| Max Sale Price: | $360,000 |
| Med Sale Price: | $152,000 |
| May 2020 |
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| Sales: | 50 |
| Avg $ Per SqFt: | $128.88 |
| Min Sale Price: | $800 |
| Max Sale Price: | $410,000 |
| Med Sale Price: | $244,500 |
| Apr 2020 |
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| Sales: | 61 |
| Avg $ Per SqFt: | $103.81 |
| Min Sale Price: | $950 |
| Max Sale Price: | $780,000 |
| Med Sale Price: | $205,000 |
| Mar 2020 |
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| Sales: | 1196 |
| Avg $ Per SqFt: | $91.42 |
| Min Sale Price: | $500 |
| Max Sale Price: | $599,000 |
| Med Sale Price: | $148,000 |
| Feb 2020 |
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| Sales: | 141 |
| Avg $ Per SqFt: | $113.96 |
| Min Sale Price: | $699 |
| Max Sale Price: | $524,900 |
| Med Sale Price: | $179,000 |
| Jan 2020 |
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| Sales: | 40 |
| Avg $ Per SqFt: | $111.74 |
| Min Sale Price: | $600 |
| Max Sale Price: | $450,000 |
| Med Sale Price: | $167,500 |
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MLS Number: 219038692PS