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... Four (10 acre) Lots - 30%Dn / $984 Mo (40 acres) !!!... (Reche Canyon)

... Four (10 acre) Lots - 30%Dn / $984 Mo (40 acres) !!!... (Reche Canyon)



  ... Four 10 acre Lots - 30Dn  $984 Mo 40 acres !!!... Reche Canyon
 

 
Ad id: 1809174414695044
Views: 1
Date listed 1 month ago
Price
$788,000.00

..... DISCOUNTED BUILDING LOTS !!!... Investor/Builder Bargain (just $19,700 per acre). This hilltop project "Rancho Cielo" (Sky Ranch) is actually four (10 acre) building sites. This is a perfect location for 4 custom hilltop estate sites with "million dollar views" overlooking the custom equestrian homes (pictured) and the cities below. This "out of state" owner must sell this project ASAP so he has reduced his price for all 40 acres from $1.2 million to just $788,000 for a quick sale. Now you can buy one 10 acre view building site for just $174,000 ($17,400 per acre)... As a comparison, there are 6 nearby vacant parcels for sale (8 to 10 acres each). All these lots are priced around $1 million each ($100,000 per acre). These listings provided upon request... This seller will now finance the sale of "two or more" 10 acre sites at just a 2% interest rate.... WOW !!!
..... BELOW APPRAISAL !!!... When this 40 acres sold in 2006, just "one" of the 10 acre parcels appraised at $355,000 (now just $174,000 will buy "one" 10 acre parcel)... That appraisal means that all 4 parcels (40 acres) should have been valued over $1 million (now will $788,000 buy all 40 acres)... Additional PRICE DISCOUNT possible for an "all cash sale"...WOW !!!
...... SELLER FINANCING !!!... Local residential home prices have now exceeded their 2006 home values, but land prices still lag behind. This motivated seller can't wait for land prices to recover so he is now offering "great financing". He will now sell the 40 acre project for just $788,000 to the first buyer with the 25% down payment ($198,000). He will carry the $590,000 balance as a loan (no bank qualifying, no points or fees) at just 2% interest only payments of $984 monthly !!!...
..... NEW COUNTY APPROVALS !!!... After this land sold in 2006 the development continued.... More recently the valuable Riverside County ERP approvals were secured to apply for "grading permits" to build 4 custom estates. Each "permanent" approval states: .... you may proceed with obtaining a grading permit in order to construct a single family home...". The 2006 appraisal had no approvals. Recently a "grading contractor" estimated this project's cost to grade each building pad about $25,000. This "grading cost" plus the reduced 10 acre lot price of just $174,000, means a new owner can now deliver a "graded 10 acre view building lot" for a base cost of about $200,000 each... WOW !!!...
.... NEARBY HOME PRICES !!!... Below our 40 acre Project, a 30 year old house at about 3,000 sq. ft. is priced at almost $700,000 on just "1 acre" lot... Just north of this "Rancho Cielo" project, is the "Crystal Ridge" project that sells 92 new "tract houses" on 1/2 acre lots (no horses allowed). That project is almost sold out with just 2 remaining houses. They have actually sold a 3800 sq. ft. "tract house" for almost $1 million on just a "1/2 acre" lot... Our 10 acre hilltop sites have fantastic views and are zoned RA-10 for up to 20 horses and many other animals on each 10 acre lot. Zoning also permits building up to 2 custom homes on "each 10 acre lot"... This is an ideal site for custom equestrian estates that should sell for well "over $1 million each".... WOW !!!
..... PRIME LOCATION !!!... This "Rancho Cielo" project is centrally located within 1 hour of the Palm Springs Resorts, the mountain resorts and the beach resorts. This project is located in the scenic rural community of "Reche Canyon" where herds of "wild burros" still roam freely. Yet these lots are just 3 miles down to the 60 Freeway and within about 10 minutes of the 215 and 10 freeways. This project is centrally located within about 15 minutes of the nearby Loma Linda University Hospital, the Pettis VA Hospital, UC Riverside and several city civic centers. Below in Moreno Valley, a corporation, "Karma Automotive" has purchased land on nearby Perris Blvd. to build a huge plant. They will manufacture "luxury" electric cars to compete with the incredible "Tesla" cars... In the east side of Moreno Valley, the massive "World Logistics Center" that will be the size of 700 football fields, has been under construction for several years. It is projected to add 20,000 new jobs for this area... All these nearby employers are an excellent source doctors and many other affluent professionals who may want to buy a "nearby hilltop estate" in a private enclave of custom equestrian homes with fantastic views....WOW !!!
..... GREAT PROFIT POTENTIALS !!!... A "smart buyer" has a unique opportunity to be the developer/builder of a "high end" project with an initial investment of just the 25% down payment ($198,000)... A new owner has several profitable options: (1) Just "land bank" these "discounted lots" for future profits, (2) apply for "grading permits" and sell each 10 acre building site "as is" for quick profits, (3) "rough grade" each lot and sell each site for much greater profits or (4) build and sell 4 "million dollar" custom hilltop estates for the greatest potential profits... The Broker who can provide details on how sell custom homes and earn up to $500,000 in "tax free profits" from the sale of "each" home... Another option is to build your "dream estate" on top of the best 10 acre hilltop. Then sell some or all of the 3 remaining building sites and/or custom homes (tax free) to pay for your estate. With four separate legal lots you can easily partnership with family and/or friends to develop the project and share the costs and the huge profit potentials ... WOW !!!
..... BROKER CONTACT !!!... If interested and qualified, contact the Broker (Patrick) ASAP at . He will provide copies of the valuable County ERP approvals to apply for the "grading permits", the County zoning requirements, the $355,000 appraisal for one 10 acre lot, area maps, parcel maps, and details of how to "earn tax free profits" from the sale of custom homes...

 
 
 
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Last Updated on: October 24, 2017
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