2.56 acre parcel located in the middle of desirable Pinewood development. It currently has a ranch house and a over sized 2 car garage. the house and current driveway are located all on one side and in rear corner leaving plenty of room for future lots. The property is currently zoned Medium Density-Residential (RM) with a base density of 3 dwellings per acre. It appears to be outside of the original subdivision of Pinefield, thus it MAY have retained its rights to 6 lots. The seller has retained Ben Dyer Associates to start the process of having these lots approved. I have attached their proposal in the documents. The existing home is rented at $1750 per month. The proposed 6 lot subdivision is NOT approved, but engineer is very confident that it would be approved. I believe the current value of the existing house and detached garage is approx $350,000 if on its own 1/3 acre lot. subdivide the remaining into 1-5 lots. Do NOT walk the property with out talking to listing agent.
Courtesy of: Coldwell Banker Realty Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 21st September, 2021 2:04 AM