10 months on rocket

Backup Offers

1 Palomar St, Wildomar, CA, 92595

$2,500,000

10.49 Acres
Land
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ViewHills, Neighborhood
MLS #SW23108050
Lot Size10.49 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 1 Palomar St

This newly minted Residential POTENTIAL Development Property is being considered for upcoming re-designated by the City of Wildomar as MDR. Medium Density Residential. GREAT POTENTIAL FOR TWO HOMES EACH ON 33 LOTS. ADU PLUS A MAIN HOME. BUILDER OPPORTUNITY FOR SALE OR RENT. Wildomar is undergoing a General Plan Amendment. We have a potential lot lay out for 29 lots. Sewer is in Wesley and we have bee told on Palomar to the west.( Buyer to investigate) Buyer to determine which location works for the property development. Electricity fronts. Water is in Palomar but not sure what side of the street or if it is large enough line to service 29-33 homes. A fault study has been done. The lots would need to be a bit larger along the rear of the property because of larger lots adjacent. So the lots on our proposed layout range from 7,000 sq feet to 10,890 sq feet. The property is gentle to flat. Perfect opportunity for homes on average to larger lots, maybe room for RV Garages or ADUs. Great opportunity for two on one or for rent development. 368-060-011. is 4.78 acres. 368-060-012 is 4.78 acres. 368-060-025 is 0.41 acres. 368-060-026 is 0.52 Acres. 10.49 Gross Acres. Seller may desire to do a 1031 Tax Deferred Exchange. COE may be subject to finalization of GPA to MDR

Property Details

Property Features

Listing Office:

  • Office Name: Realty ONE Group Southwest
  • Office Phone: (951) 813-9009
  • Listing Agent: Corinne Berge

Exterior Features

Exterior Information:

  • View: Hills, Neighborhood

Lot Features

Lot Information:

  • Lot: Gentle Sloping
  • Lot Size: 10.49 Acres

School Info

Assigned Schools Information:

  • Elsinore High School, Public District Grades 9-12
  • David A. Brown Middle School, Public District Grades 6-8
  • William Collier Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Palomar St just West of Wesley.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Wildomar, CA.

Med. Sold Price

$630K

Med. Price/SqFt

$282

Avg. Days On Market

28

# of Sold Homes

28

1 Palomar St vs Wildomar

315 DAYS ON ROCKET

+287 Days

$2,500,000

+$1.8M More

KEY TAKEAWAY

This property is $1.8M more than the Median Sold Price in Wildomar, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SW23108050

Listing Office:

  • Office Name: Realty ONE Group Southwest
  • Office Phone: (951) 813-9009
  • Listing Agent: Corinne Berge

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 4:25:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4545311
5
/10
  • William Collier Elementary School

  • 20150 Mayhall Dr

  • 0.30 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4545312
4
/10
  • David A. Brown Middle School

  • 21861 Grand Ave

  • 2.35 miles

  • Public District Grades 6-8

High School

school-card-donut-4545313
5
/10
  • Elsinore High School

  • 21800 Canyon Dr

  • 1.24 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $62,801. The most common annual income of people living in Wildomar, CA is between $35k-100k. Most families are married, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1 Palomar St

What is the listing price of this property?

The listing price of 1 Palomar St property is $2,500,000.

What type of property is this?

The property 1 Palomar St is land located in Wildomar, California, 92595.

Is this property for sale now?

Accepting Backup Offers: 1 Palomar St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 1 Palomar St are:
William Collier Elementary School: GreatSchools Rating 5/10
David A. Brown Middle School: GreatSchools Rating 4/10
Elsinore High School: GreatSchools Rating 5/10

How much acreage is this property?

The property 1 Palomar St is 10.49 acres.
Rocket Homes logo

Interested in 1 Palomar St? Let's connect.

Let Us Contact You

By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.


Rocket HomesCaliforniaRiverside CountyWildomar925951 Palomar St

This home is located at 1 Palomar St in Wildomar, CA and zip code 92595 in the East Lake District neighborhood. This home sits on a 10.49 acre lot. It has been listed on Rocket Homes since June 21, 2023 and is currently priced at $2,500,000.

Over 20 listings were sold over their listed price in April 2024 in Wildomar, CA. In the same period over 5 listings were sold below the listed price and 3 listings were sold for the listed price. The number of homes for sale in Wildomar, CA decreased by 8% between March 2024 and April 2024. While the average time on the market in April 2024 was 28 days, the median list price was $630,000.

From Rocket Homes Real Estate and based on county public records data.

More Resources