Open House SATURDAY and SUNDAY 1pm to 4pmOffers reviewed on Wednesday February 25th Location! Location! Location! Minutes to the freeways, Bart, and Downtown Walnut Creek with incredible walkability - the Iron Horse Trail is right outside your front door! 3-Bedrooms 2-1/2 Bathrooms 1,523 square feet 18,731 square feet lot Built in 1964 - 1-Owner Home The location and zoning make this a super-attractive property - wonderful as a family home, but also a major opportunity to expand or develop! Possibility #1 Buy the house and remodel it ... the price is hard to beat for a cool home in this location! Possibility #2 Expand the home ... with a BIG, flat 18,731 sq ft lot you can enlarge the home and customize it to your taste - the neighborhood could go up to $1,200,000 for a larger home in this location. Possibility #3 Develop the property ... the zoning is M-2, which is Multi-Family, 2,000 square foot per buildable unit. It might be possible to build 4 to 6 townhouses on the property, or join with some of the neighbors to be a part of a bigger development ... The seller had Offers from developers in the $1,200,000 range, but the timing wasn't right to put a deal together Possibility #4 Buy the home as a rental property ... and wait for the right development deal to come your way ... as an updated rental, you could bring in $3,500 or so per month ($42,000 per year - about 3% to 4% return) while you are waiting for the right development deal. Terrific Schools Indian Valley Elementary Walnut Creek Intermediate (right next door!) Las Lomas High School Offers reviewed on Wednesday February 25th Important : Buyer to verify school availability, square footage and zoning. Seller and sellers agent make no guarantees as to ability to develop this property.
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