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0 Simpson Road $10,000,000

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    0 Simpson Road Winchester, CA 92596

    • 49.00 Acres
    • Land
    • MLS# OC22129545
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    Views: 27 Days On Market: 176

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    Property Details

    This flat acreage is on the path of development, positioned on the west edge of the unincorporated community of Winchester. Open and planned new home developments are nearby. The tentative map for this property consists of 160 expired. However, the Seller is starting work on a new tentative map with more than 200 units. The Seller will work with the Buyer to obtain new entitlements for the property. Buyers are encouraged to submit offers on Seller's co-owned neighboring property - a 128-unit tentative map. To the north of Simpson Road, the adjacent property is being sold separately with a co-owner for $8,800,000. MLS OC22082162 A Buyer has the opportunity to purchase an approved tentative map and acreage necessary to entitle another 240 plus units for a total of more than 350 units in a rapidly developing area of south Riverside County.

    • General Features
      • Association Fee 0.00
      • Buyer Compensation 1.750 %
      • Community Features Storm Drains, Suburban, Valley
      • County Or Parish Riverside
    • Property Features
      • Topography Flat
      • Lot Size Acres 49
      • View Error: ClassID in tblMLSFieldPropertyType is null.
      • Lot Features 2-5 Units/Acre, Agricultural, Level with Street
      • Fencing None

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    Neighborhood

    92596 (Winchester) Demographics

    35 Median Age
    568 Population Density (per sq. mile)
    43% College Educated
    $103,138 Estimated Median Income
    7,056 Estimated Total Home Owners
    1,939 Estimated Total Renters
    78% / 22% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    34,743 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $575,815 Median Sales Price
    31 Homes Sold
    47 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $10,000,000
        6/15/2022 3:05:00 PM New in Database Source: Multiple Listing Service New Value: $10,000,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 12/8/2022 4:51:25 AM. 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.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.