$795,000900 Melrose Pl

900 Melrose Pl, San Diego, CA, 92114

$795,000

1.38 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeOther

MLS #220024046SD

Lot Size1.38 Acres

StatusActive

About 900 Melrose Pl

CALLING ALL DEVELOPERS! This awesome 60,112 square foot (1.37 Acres) parcel with Views to the Bay and Coronado Bridge is full of Opportunity! Situated in beautiful Emerald Hills in a cul-de-sac, a true developers dream come true! Owner started the process to develop up to 15 SINGLE Family Homes + ADU's! This is NOT RAW Land as Owner has began process for: Soils, Civil Engineering Prelim Work & Developmental. ATTENTION: This Property falls within the "Opportunity Zone! Investor's Keep all Appreciation on this purchase if they hold the property for at least 10 Years! The 2017 Tax Cuts and Jobs Act is a new tax incentive provision promoting investment in economically distressed communities. ATTENTION: This Property falls within the "Opportunity Zone! Investor's Keep all Appreciation on this purchase if they hold the property for at least 10 Years! The 2017 Tax Cuts and Jobs Act includes a new tax incentive provision intended to promote investment in economically distressed communities, referred to as “Opportunity Zones.” Through this program, investors can achieve the following three significant tax benefits: 1. Deferral of Gain: tax on capital gains following disposition of property are deferred if such gains are invested in a “Qualified Opportunity Fund” within 180 days of disposition until the earlier of the date on which the subsequent investment is sold or exchanged, or December 31, 2026; 2. Up to 15% of Taxable Gain Extinguished: 10% of the tax on the gain invested in the 0QOF is eliminated after 5 years and an additional 5% (for a total of 15%) is eliminated after 7 years; and 3. Elimination of Gain on Investment in Fund: if the investment is held in the QOF for at least 10 years, taxes on the appreciation in value of the investment in the QOF are eliminated. ALL INFORMATION PROVIDED IS DEEMED RELIABLE BY THE SELLER. IT IS THE BUYER'S RESPONSIBILITY TO PERFORM ALL INSPECTIONS AND VERIFY ALL INFORMATION INCLUDING BUT NOT LIMITED TO: NUMBER OF UNITS, PERMITTED ROOMS, SQUARE FOOTAGE, AND ALL OTHER BUYER DUE DILIGENCE BEFORE THE CLOSE OF ESCROW. Frontage: Open Space

Property Details

Lot Features

Lot Information:

  • Lot: Level

Other

Directions Information:

  • Directions: Follow CA-94 E to Kelton Rd. Take exit 4B from CA-94 E, Follow Kelton Rd and Roswell St to Melrose Pl CrossStreet: Roswell

Price Details

Listing Price Info

Price Summary:

  • List Price: $795,000
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NMLS #3030

Santa Cruz Housing Market Report

Sold Prices For All Homes in Santa Cruz

This Home$795K
$595K$2.8M

The Median Sold Price for All Homes in Santa Cruz is $1.3M

Based on homes sold in the last 12 months

See Santa Cruz Housing Market Report

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: 12/6/2022, 6:37:59 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.

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.

Nearby Schools

school-card-donut
5
/10
  • De Laveaga Elementary School

  • 1145 Morrissey Blvd

  • Distance between this listing and this school
    Map marker icon0.60 miles

  • Public District Grades KG-5

school-card-donut
2
/10
  • Gault Elementary School

  • 1320 Seabright Ave

  • Distance between this listing and this school
    Map marker icon0.61 miles

  • Public District Grades KG-5

school-card-donut
6
/10
  • Green Acres Elementary School

  • 966 Bostwick Ln

  • Distance between this listing and this school
    Map marker icon0.82 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $118,409. The majority of Santa Cruz, CA residents have income between $100k-200k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 900 Melrose Pl

What is the listing price of this property?

The listing price of 900 Melrose Pl property is $795,000.

What type of property is this?

The property 900 Melrose Pl is land located in San Diego, California, 92114.

Is this property for sale now?

Active Listing: 900 Melrose Pl is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 900 Melrose Pl is 1.38 acres.
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Rocket HomesCaliforniaSanta Cruz CountySanta Cruz92114900 Melrose Pl

This home is located at 900 Melrose Pl in San Diego, CA and zip code 92114 in the Banana Belt neighborhood. This home sits on a 1.38 acre lot. It has been listed on Rocket Homes since September 20, 2022 and is currently priced at $795,000.

Santa Cruz, CA housing market in November 2022 saw over 5 listings sold above listed price, more than 1 sold at listed price and over 7 sold below. Between October 2022 and November 2022, Santa Cruz, CA real estate market has seen decrease in the number of listings by 10.3%. In November 2022, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $1,390,000.

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