Monroe Ave, Red Bluff, CA 96080 - Tehama County

Property 1202-142

112 Acre Montebello Estates Site, with Approval for 223 Homesites

Published Reserve

$575,000

Last Asking

$650,000

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 of Red Bluff, in a neighborhood primarily comprised of residences, 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 was valid until November 2011. Additional extensions may be granted for up to five years. (Please see Supplemental Information Package for details.) The approved map allows creation of 223 single family lots ranging in size from 6,000 to 40,000 square feet, with 35 dedicated open space acres.

The site is comprised of three legal parcels which are each divided into five tax parcels. Electricity and telephone are located on nearby and adjacent streets, including Monroe Avenue. 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., May 16, 2012