… Four (10 acre) Lots – 30% Dn / $930 Mo (40 acres) !!!… (Reche Canyon) $798000

Stone Mountain Road at Reche Vista to Country Rd.

(google map)

available mar 19

land
license info: Pat O’Brien – Bkr #00484418

…..BUILDER/INVESTOR LOT SPECIALS !!!… (Now just $19,500 per acre)… This 40 acre project “Rancho Cielo” (Sky Ranch) is actually four (10 acre) building sites with fantastic hilltop views overlooking the custom homes (pictured) and the cities below… This “out of state” owner needs to sell ASAP so he reduced his price from $1.2 million to just $798,000 for a “quick sale”… This “motivated seller” will finance the sale of “two 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 will buy “one” 10 acre parcel). That appraisal means that all 4 parcels (40 acres) should have been valued about $1.4 million (now $798,000 will buy all 4 parcels)…. WOW !!!
….. SELLER FINANCING !!! …. This distant seller wants to liquidate these CA properties. Local residential home prices have now exceeded the 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” on the sale of two or more “10 acre” lots….You can now buy all 4 lots (40 acres) Rancho Cielo project for just $798,000 with just a 30% down payment ($240,000). The seller will carry the $558,000 balance as a loan (no bank qualifying, no points or fees) at 2% interest only payments of just $930 monthly…. Additional “PRICE DISCOUNT” possible for an “all cash sale”… WOW!!!!
….. NEW APPROVALS !!!… After this project sold in 2006, development continued. More recently the valuable Riverside County ERP approvals were secured to apply for “grading permits” to build 4 custom homes…. These approvals are essential for any building…. Each “permanent” approval states: “… you may proceed with obtaining a grading permit to construct a single family home… “That appraisal had no County approvals… Recently a “grading contractor” inspected this 40 acre project. He estimated the cost from about $25,000 to “grade” each 10 acre building pad for a custom home. With the “lot grading” about $25,000 plus the one lot now priced at $174,000, means a new owner can now deliver a “graded 10 acre” view building site for a base cost of about $200,000 …. WOW !!!
….. NEARBY LOT PRICES !!!… On the eastern border, of this project one adjacent lot sold at $142,000 for 4.89 acres (over $29,000 per acre). On the southern border, one adjacent lot is currently for sale at $125,000 for 2.68 acres (almost $47,000 per acre). One of our “10 acre” lots is above both of these lots and priced at $174,000 ( just $17,400 per acre)… Do the price per acre comparison… WOW !!!
…. NEARBY HOME PRICES !!!… To the north and below this “Rancho Cielo” project is the “Crystal Ridge” project of 92 “new tract houses” for sale on “1/2 acre” lots (no horses allowed). They are almost sold out with just 5 remaining houses. They have actually sold one 3800 square foot “tract house” for $998,000 on just a “1/2 acre” lot… Below our 40 acre project is a 30 year old house about 3000 sq. ft. for sale at almost $700,000 on just a “1 acre” lot… Our four “10 acre” building parcels have dramatic views and are zoned RA-10 for up to 12 horses and many other animals. Zoning also permits building 2 custom homes on “each” 10 acre lot with a “second unit permit”… This is an ideal site to build 10 acre custom equestrian estates that should sell well “over $1 million” each. There is huge profit potentials when a “graded 10 acre building site” may cost just $200,000… WOW !!!
….. GREAT OPPORTUNITY !!!… A “smart buyer” can instantly become the owner/developer of this “high end project” for an initial investment of just the 30 % down payment ($240,000). A new owner will have several options: (1) just “land bank” these “discounted lots” for future profits, (2) apply for “grading permits” and then sell each parcel “as is” for quick profits, (3) “rough grade” each building pad to sell for greater profits or (4) build and sell 4 custom equestrian estates for the greatest profits… Now construction lenders only require a 10% cash investment to fund construction. This means the $240,000 down payment (to buy the project) may be a sufficient cash investment to fund $2.4 million in construction financing to build 4 custom estates…. Also the Broker can provide details on how to earn up to $500,000 in “tax free profits” from the sale of each custom home… Another attractive option is to build your “dream estate” on the best hilltop 10 acres. 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 “dream estate”. With 4 legally separate building lots it is easy to partnership with family and/or friends to share costs and huge profit potentials of the project development… WOW !!!
….. PRIME LOCATION !!!… Rancho Cielo is located in the scenic rural community of “Reche Canyon” where herds of “wild burros” still roam freely and surrounded by existing custom equestrian estates on 2+ acre parcels. Yet this project is just 3 miles from the 60 Freeway. It is centrally located within 15 minutes of the nearby Loma Linda University Hospital, the VA Hospital, UCR and multiple civic centers that employ many highly paid professionals. The “Karma Automotive” corporation has purchased land in Moreno Valley on nearby 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 this Moreno Valley already has several million+ square foot buildings operating. This Center will be the size of 700 football fields and is projected to add 20,000 new jobs to this area. These nearby employers are a great source of affluent buyers who may want to live in a “nearby” hilltop enclave of 10 acre questrian estates overlooking their businesses…. WOW !!!
….. BROKER CONTACT !!!… If interested and qualified, contact the Broker (Patrick) ASAP at 951-682-737. 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. For information text, email or call Patrick at show contact info
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  • do NOT contact me with unsolicited services or offers

post id: 6036947012

posted: 2017-03-09 2:03pm

updated: 2017-03-20 9:45am

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