Wednesday, September 5, 2007

4400 Indian Creek Dr Loomis $1,0250,000


Completely renovated single family residence on a quiet paved cul-de-sac. Relatively close to I-80 fwy, churches,schools,supermarkets,shopping,and a golf course. House is 25miles northeast from downtown Sacramento, and apoximately 75 miles west of Lake Tahoe. This unique parcel is ideal for a pond, orchard, vineyard, or a guest house - All permitted by the current zoning. The purchase is available with architectural drawings for a cute 1,200 sq ft guest cottage. All renovation work done legally, with the appropriate permits. This house is in an area featuring some estate homes in the million dollar(s) category. The value of this property could easily increase significantly in the future, as it lies in the immediate path of growth along the I-80 corridor as the Sacramento Metro area expands. However, congestion will be discouraged by the local zoning limitation of one house (along with an allowed guest house) for every three acres. This restriction reflects the town's desire to maintain a semi rural character wherever possible. In general, comparably priced homes in other local areas are located on smaller parcels of land and are closer together. This property has considerable value enhancement potential. Some possibilities inlcude: - Building another residence on the property. The purchase is available with architectural drawings for a darling guest cottage, which could be a rental unit. - Developing land as a vineyard or orchard, or leasing the land for development as such. - Converting the existing office and shop building into yet another potential rental unit. The building could also function in a variety of other ways, such as guest quarters, professional offices, sauna, artist studio, game room, ham radio station, or computer laboratory. - Adding an outdoor recreation area, possibly with a pool, tennis court, putting green or children's play area. - Installing a fishing pond or water garden. All of the above ideas are permitted by the current zoning.

1-888-302-4480 ext. 40
(price drop was 1,350,000)