SOLD
James Manning Acquires 22 Subdivided Lots In Etiwanda, CA For $4.06M
6527 Etiwanda Avenue
Development Site
Sold 99 days ago
Summary
Sale
CALIFORNIA
Development Site
A development site located at 6527 Etiwanda Avenue in Etiwanda, CA has been sold in a closed transaction. The property consists of 9.15 acres and is intended for single-family development. It includes 22 subdivided lots with an average size of 18,000 square feet.
Summary of transaction details
- Property Type: Development Site
- Sale Price: $4,062,750
- Address: 6527 Etiwanda Avenue, Etiwanda, CA
- Market: Etiwanda
The buyer in this transaction is James Manning, while the seller is Ken Creighton. The deal was facilitated by the LAAA Team from Marcus & Millichap, specifically brokers Filip Niculete, Glen Scher, and Michael McNulty Jr.
The 27-month escrow process for this property began with it being raw land and was closed after receiving TTM (Tentative Tract Map) approval. Throughout the escrow process, the sale price increased, eventually closing at $4,062,750. This equates to $184,670 per lot and $10.19 per square foot. It's worth noting that the property was sold above its list price.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Filip Niculete, Glen Scher & Michael Mcnulty Jr.
DATE: 01/04/2024
ADDRESS: 6527 Etiwanda Avenue
MARKET: Etiwanda
ASSET TYPE: Development Site
BUYER: James Manning
SELLER: Ken Creighton
BROKERS: Filip Niculete (@FNiculete), Glen Scher (@ScherGlen) & Michael Mcnulty Jr. (@McNuutt) - LAAA Team (@LAAATeam) - Marcus & Millichap (@MarcusMillichapinc)
SALE PRICE: $4,062,750
NOTE FROM BROKERS: 9.15 Acres in Etiwanda, CA
22 Subdivided Lots for
Single Family Development
(18,000 SqFt Lots)
27-Month Escrow Process
Opened Escrow as Raw Land
Closed after TTM Approval
Price Increases During Escrow
Closed at $4,062,750
$184,670 per lot
$10.19.19 per SqFt
Sold Above List Price!View on map
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Address6527 Etiwanda Avenue
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