Stone Mountain Road at Reche Vista to Country Rd.
available aug 10
license info: Pat O’Brien – Bkr #00484418
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…..BUILDER/INVESTOR LOT BARGAINS !!!… (now just $19,700 per acre)… JOINT VENTURE ??… Would you like to build a secure “family compound” on a hilltop surrounded by your own 10 acres ??… This 40 acre project “Rancho Cielo” (Sky Ranch) is actually four “approved” 10 acre building sites with fantastic hilltop views overlooking the custom homes (pictured) and the cities below… The (out of state) owner needs to sell the 40 acres ASAP so he reduced his price from $1.2 million down to just $788,000 for a “quick sale”. You can also buy one “10 acre” building site from just $174,000 ($17,400 per acre) …. As a comparison, nearby there are 6 vacant parcels for sale (8 to10 acres each) that are all priced around $1 million each “$100,000 per acre” (these listings provided upon request)… At $17,400 per acre our drastically discounted lot prices, there is huge profit potentials from developing these hilltop building sites with “million dollar” views…. The seller will now offer “great financing” on purchase of 2 or more lots at just a 2% interest rate…. WOW !!!
….. BELOW APPRAISAL !!!… When this project sold in 2006, just “one” 10 acre parcel appraised at $355,000 (now $174,000 can buy “one” 10 acre parcel). This appraisal means that all 4 parcels (40 acres) should have been valued in 2006 over $1 million (now $788,000 will buy all 40 acres)…. WOW !!!
….. SELLER FINANCING !!! …. This “out of state” seller is needs to liquidate these CA properties. Local residential home prices have now exceeded their 2006 peak home prices, but land prices lag behind. This motivated seller can’t wait for land prices to recover so he will also offer “great financing”….You can now buy the 40 acre Rancho Cielo project (4 lots) for just $788,000 with only a 25% down payment ($198,000).. The seller will carry the $590,000 balance as a loan (no bank qualifying, no credit report or fees) at 2% interest only payments of $984 monthly…… Additional “PRICE DISCOUNT” possible for an “all cash sale”… WOW !!!
….. BUILDER ALERT !!!… Unlike most nearby vacant lots, our hilltop view lots cost much less and are nearly ready to start building. Each 10 acre hilltop parcel already has the valuable Riverside County ERP approvals to apply for “grading permits” to build 4 custom equestrian estates …. These building sites have the very attractive zoning of RA-10. This means “Residential Agricultural” with the minimum lot size of 10 acres. It permits raising up to 20 horses or any combination of most domestic animals. It allows most agricultural usages and are ideal for groves, vineyards, etc… Each lot actually owns the “water rights” for access to an unlimited supply of “free well water” for housing, ranching and/or farming … The property tax rate is the lowest at 1%… The County will allow building two houses (main and guest houses) on each lot with a “second unit permit”. These means potentially up to “8 houses” on the four 10 acre hilltop estates… WOW !!!
….. GRADING COSTS !!!… Recently a “grading contractor” inspected this 40 acre project. He estimated the cost about $25,000 to “grade” each 10 acre building pad for a custom home. This “grading cost” at about $25,000 and a 10 acre lot priced at just $174,000, means a new owner can now deliver a “graded 10 acre view building site” for a “base cost” of less than $200,000…. WOW !!!
….. NEARBY HOME PRICES !!!… To the north below the “Rancho Cielo” project is the “Crystal Ridge” project of 92 “new tract houses” for sale on “1/2 acre” lots (no horses allowed). The are almost sold out with just 2 remaining houses. They have actually sold a 3800 sq. ft. “tract house” for $998,000 on just a “1/2 acre” lot… Below our 40 acre project is a 30 year old home (about 3000 sq. ft.) priced at almost $700,000…. With these nearby homes priced from about $700,000 to almost $1 million (on much smaller lots), there is huge profit potentials to build “million dollar estates” when a “graded 10 acre view site” starts from about $200,000…. WOW !!!
….. GREAT OPPORTUNITY !!!… A “smart buyer” can instantly become the owner/developer of this great “high end” project for an initial investment of just the 25% down payment ($198,000). A new owner will have options to (1) just “land bank” these “discounted lots” for future profits, (2) apply for “grading permits” and then sell each lot “as is” for quick profits, (3) “rough grade” each lot and sell for much greater profits or (4) build and sell 4 custom “10 acre” equestrian estates for the greatest profit potentials… The Broker can provide details on how a seller can earn up to $500,000 in “tax free profits” from the sale of “each” 10 acre hilltop estate…WOW !!!
….. CONSTRUCTION FINANCING !!!… Now construction lenders only require a 10% cash investment for funding. This means $198,000 down payment (to buy the project) may be a sufficient investment to qualify for almost $2 million in construction financing… Now you can obtain a 30 year construction loan with “no payments” for 12 months during the construction period… This new loan should provide ample funds to pay off the $590,000 “land loan” and build 4 custom estates… Another attractive option is to save the best 10 acre hilltop site to build your “dream estate”… Then sell some or all of the three remaining building sites and/or custom homes (tax free) to family, friends and/or the public to pay for your estate. With 4 legally separate building lots it is easy to partnership (joint venture) with family, friends and/or a builder to share the costs and the huge profits of the project development and sales… WOW !!!
….. PRIME LOCATION !!!… Rancho Cielo is located in the scenic rural community of “Reche Canyon” where herds of “wild burros ” still roam freely. These lots are already surrounded by existing custom estates on 2+ acre parcels. This project is just 3 miles down to the 60 Freeway (at Perris Blvd.) and within about 10 minutes from the 215 and 10 freeways. This project is centrally located within about 15 minutes of the nearby Loma Linda University Hospital, the VA Hospital, UCR and several civic centers that employ many doctors and other highly paid professionals. The “Karma Automotive” corporation has purchased land in Moreno Valley (on Perris Blvd.) to build a huge plant. They will manufacture “luxury” electric cars to compete with the incredible “Tesla” cars… Also the massive “World Logistics Center” on the east side of Moreno Valley, already has several million square foot buildings operating. This Center will eventually be the size of 700 football fields and is projected to add 20,000 new jobs to this area. All these nearby employers are a great source of doctors and other affluent professionals who may want to buy a “million dollar” hilltop equestrian estates near their employment…. WOW !!!
….. FAMILY COMPOUD OPTION !!!… Each equestrian estate will be on a hilltop surrounded by 10 private acres… You can easily make each estate (with up to two houses) a secure “family compound” by installing a high-tech security gate at the bottom of their driveways to restrict access to the hilltop residences… Each compound will already have an unlimited supply of “free water” from their private wells. Install “solar power” (with the battery backup) and each compound can be self sufficient with “no utility bills”… These private “family compounds” can be safe and totally “off the grid” when the “BIG ONE” hits… WOW !!
….. BROKER CONTACT !!!… If interested and qualified, contact the Broker (Patrick) ASAP at show contact info
. Text your email address and he will email copies of the County approvals, the $355,000 appraisal, the County zoning requirements, parcel maps, area maps and details on how to earn up to $500,000 in “tax free profits” from the sale of “each” custom home… WOW !!!
- do NOT contact me with unsolicited services or offers
post id: 6300550862
posted: 2017-09-10 11:30am
updated: 2017-09-20 7:11pm
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