COME SEE YOUR NEW HOME AT 4200 COULTER LANE, LATROBE, CA

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With 160 acres of rolling grasslands, this property is a blank slate with enough space to do so many things!  Ever thought of having your own vineyard in an area near other, successful vineyards?  What about a ranch with horses, cows, and chickens?  Your own private golf course?  One of the neighbors with less acreage even has a go-kart racetrack! This lot is plenty big enough for whatever dream you have.

The existing home is 1200 square feet with 2 bedrooms plus a den that could easily be made into the third bedroom, and two full bathrooms.

The original home owners built the home on the property as an ADU or guest house, and planned to live there until they built their dream home on one of the many higher sites on the land. County planning has confirmed that the current home can be turned into an ADU and a much larger main home built today, without splitting the property.

There is a 2.75 acre fenced pasture near the house, and much of the outside boundaries of the  160 acres have already been fenced by the adjoining neighbors.

The surrounding neighbors have fenced the majority of the property lines.  The west, south and east edges of the property are completely fenced. About half of the north side is fenced.  Approximately 3500' of the property is not fenced.

The existing home has quartz countertops, stainless steel appliances, luxury vinyl plank flooring, and a three car garage with plenty of storage.

The fire station, Latrobe Elementary, and Miller's Hill School are all within two miles of the home.  Even though the property feels beautifully remote, El Dorado Hills with The Nugget grocery store, Target, and Ace Hardware are only ten minutes away!

Just 15 miles to Amador Wine Country and dozens of wineries with Zinfandel, Barbera, Cabernet Sauvignon, and all your favorite wines!

Are you looking for peace and quiet, tranquil living away from the hustle and bustle of the suburbs?  Ready to slow down and relax?  All you can hear out here is the afternoon gentle breeze rushing through the grass, the occasional red tail hawk shriek, and, in the late evening, coyote calls way off in the distance.

A parcel split to portion the 160 acres into four 40 acre lots has a tentative map approval and improvement plans for the required road approved.  The buyer could build the road, finish the final accounting with the county for the split, and sell off the adjoining parcels.  Or buyer could just post a bond to build the road later, finalize the split, sell the parcels, and build the road later with a little of the funds from the sold parcels.  Seller will provide all information and plans for the split, buyer to verify.

Comparable properties for the resulting lots after the split are selling in Latrobe and Shingle Springs:

• Three large parcels are selling for $450,000 (10 acres, MLS   226047961), $375,000 (40 acres, MLS  226028796) and $329,000 (40 acres, MLS  226059853).
• 5520 Mother Lode Drive, Placerville (MLS  226000278) is about the same distance as 4200 Coulter from El Dorado Hills.  This is a fixer on 40 acres: 1166sf, 2-3 bed, 1 bath, not remodeled like 4200 Coulter. Listed at $900,000 and pending after only 6 days on market.

While the owner doesn't have a formal written estimate for the road cost, one road contractor gave a rough figure for it to cost around $350,000.  Another gave an estimate for $400,000 based on a set of plans that was not yet approved.  The remaining county fees are negligible compared to the road cost.  Buyer to verify all estimates during escrow investigation period.

Check out our investor offering memorandum on our  Crexi listing page.

Our offering memorandum describes the financial benefits of multiple exit scenarios for investors.