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11041 Summit Ave1 / 12 · Click to zoom

About this home

Build up to 32 units! 2.32 acres zoned R-7 allowing for 7-14 units per acre to be built. Property already features a large 3 bedroom/2 bathroom single family residence with large kitchen, 2 extra large rec rooms and a pool. This property is the absolute best of both worlds, live in a country-esque environment while only being minutes from shopping centers and freeways. Fell good knowing you can make this home exactly how you want with your own touches all while knowing you have an incredible growing value in the land you live on. Property features fully owned solar, upgraded electrical panel and new roof on main house, all only 2-3 years old. Home is extremely spacious with interior dimensions measuring approximately 2589 sqft. Property shows as 2 units on tax records. Parcel was approved for up-zoning to R-7 by the City of Santee as part of the 6th Cycle Housing Element. R-7 Zoning allows for 7 to 14 units per gross acre. It is a Medium Density Residential General Plan designation. Per the city's zoning, the R-7 zone "is intended for a wide range of multiple family residential development types including detached units in planned residential development at the lower end of the density range and attached units at the higher end of the density range." Maximum lot coverage is 55 prcnt, maximum height is 35 feet/three stories, and there is no minimum lot size.

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Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk
🏷 Last sold$170,000 · Sep 1993
📋 Assessed value$294,518
💵 Annual tax$3,626
🏫 School districtGrossmont Union High School District

MLS #PTP2603966MR

🔥 Risk & insurability

🔥 Fire hazard zoneVery High
🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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Estimated total monthly payment
$9,961
Principal & interest$8,040
Property tax$1,458
Home insurance$464
Down payment: $318,000Loan: $1,272,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.