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$8,900,000

Beds
4
Baths
1.0
sq ft
1,600

3063 Oro Dam Blvd W, Oroville, CA 95965

3063 Oro Dam Blvd W

Oroville, CA 95965

  • 371 days on market
    • Price drop $3,100,000↓
Lake Oroville Area, Ca. 421 Acre IMPRESSIVE LAND TRACT! Winery, Vineyard, Row Crop, Orchard, Ranch location? Even zoned for brewery or distillery with use permit. Flat to slightly rolling terrain. (Prior site of the large-scale ambitious 2,400+/- lot “Oro Bay Subdivision” and city limit annexation project proposal where the city approved “The Development Agreement” for this project October 5th, 2010; but has since expired). Comprising 2 adjacent parcels backing Oroville’s popular Thermalito Afterbay, a 4,300 surface acre water recreation area. This is the largest parcel of its size undeveloped off Oroville’s main thoroughfare; (Oro Dam Blvd/State ROUTE 162) between Highway 70 & Highway 99. Oroville’s scenery is quickly changing with development. Nothing compares to this magnitude and size within close proximity to the city limits off SR162. This land tract sits 1,100+/- feet to the west of the Oroville City Limits, which is also the edge of the existing Linkside Place Subdivision. Table mountain Golf Course sits 2,100+/- feet to the east. There is an estimated 3,200 feet of lineal paved road frontage on SR162. Water line and sewer stops at the Linkside Place Subdivision 1,100+/- feet to the east. Power at street frontage. This is an impressive swath of land with an old dilapidated home sitting down a long drive once fed off the existing well. This would make an impressive custom ranch site. Fishing, Boating and Duck Hunting literally just south behind this land. Boat launch just up the road. Includes AP#030-260-053 at 162.36+/- Acres and AP#030-260-054 at 258.84+/- Acres. They aren’t making land anymore, and this is in the route of future development. Great property for that large ranch or equestrian idea, 1031 purchase, land bank buyer, individual with a strong business mindset and capabilities, or “conservationist.” Currently zoned RR5; as it was when the Development Agreement was approved prior. Any future subdivision ideas would have to be re-addressed. PRIOR SUBDIVISION DOCUMENTATION, SURVEY, ETC. and will be released to individuals with verification of qualifications. SELLER MAY FINANCE A LARGE AMOUNT; inquire with agent or submit for seller consideration. Priced at just over $21,140 per acre.

Details

Property type

Single Family Residence

Lot size

421.2 acres

Price per sq ft

$5,563

Year built

1936

HOA

No

Price History

06/01/2024
CRMLS

CRMLS #OR23204783

Price change
$8,900,000
-25.83%
11/03/2023
CRMLS

CRMLS #OR23204783

Listed
$12,000,000

Schools & Community

Elementary school: 

Richvale

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Fishing

High school district: 

Biggs Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Vineta L Eubank

Loan start date

July 1997

Original loan amount

$350,000

Est. remaining balance

Not provided

Interest rate

7.72%

Loan type

Seller take-back

Seller

Peter Kumar

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/08/2024 at 10:35 AM

Listing updated: 11/04/2024 at 12:10 PM

Listed by: Mario Gattavara, Coldwell Banker Lifestyle Properties Phone #: (530) 532-4444

MLS: CRMLS #OR23204783

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