Monroe Ave, Red Bluff, CA 96080 - Tehama County

Property 150

112 Acre Montebello Estates Site with Approval for 223 Homesites

Address

Monroe Ave , Red Bluff, Tehama County, California, 96080

Published Reserve

$650,000

Original Asking Price

$745,000

Size

112 Acres

Zoning

R1 Single Family Residential

Property Inspection

At Any Time

Financing

None All Cash

Description

This 112 acre residential development site is located along Monroe Avenue in Red Bluff, approximately one mile west of I5. Redding is located approximately 30 miles north of the property and Sacramento 130 miles south. It is situated in the northern portion of the city in a neighborhood comprised primarily of residential uses, with good access to retail centers and transportation routes.

A tentative subdivision, to be called Montebello Estates, was approved by the City of Red Bluff in 2006 and is valid until November 2011. Additional extensions can be granted for up to five years. (See Supplemental Information Package for details.) The approved map allows creation of 223 single family lots varying in size from 6,000 to 40,000 square feet, with 35 acres devoted to open space.

The site is comprised of three legal parcels which are divided into five tax parcels. Electricity and telephone are located on nearby streets, including Monroe Avenue and additional adjacent streets. Public water, sewer and storm drain systems will need to be extended to each lot, as per city code.

LOCATION: Monroe Avenue Red Bluff, California. APN: 2741008, 27, 29, 30, 31

SEALED BIDS DUE NO LATER THAN 5:00 P.M., NOVEMBER 16, 2011