available sep 21
license info: Pat O’Brien – Bkr #00484418
QR Code Link to This Post
…..DISCOUNTED BUILDING SITE !!!… This “out of state” owner needs to sell this “approved” 9.14 acre building site ASAP (4 possible lots). So he priced this mostly level building site to just $398,000 for a “quick sale”… As a price comparison, nearby there are 5 vacant lots (8 to 10 acres each) all priced over $1 million each “$100,000 per acre” (these listings provided upon request). At just “$44,000 per acre”, our bargain priced building site is better priced, better views, in a better area “Spring Hills”, nearer to all city services, “on site” utilities of district water, Edison power and even an existing water well (free water)… WOW !!!
….. BUILDER ALERT !!!… Unlike most nearby vacant lots for sale, this parcel is nearly ready to start building. This scenic 9+ acre building site already has the valuable Riverside County ERP approvals to apply for a “grading permit” to start building… This parcel also has the very attractive zoning of RA-2.25. This means “Residential Agricultural” with the minimum lot size of 2.25 acre. This zone makes it easy to split this great 9+ acre parcel into “four” equestrian estates to produce a price of just $99,000 for each 2.25 acre lot… On each 2+ acre lot, the County permits building two houses (a main and guest house) for up to “8 houses” on the 4 estate sized lots… The neighbor turned down a $1.2 million offer for his equestrian estate with a 3500 sq. ft. home… A new owner can earn up to $500,000 in “tax free profits” from the sale of “each” custom estate….WOW !!!
….. GREAT SELLER FINANCING !!!… This “out of state” seller is motivated to sell so he is now also offering a great financing option. He will sell this this prime 9+ acre building site for just $398,000 and he may accept a $115,000 cash down payment and allow the new owner assume the existing $285,000 loan (no bank qualifying, no credit report or fees) at 2% interest only payments of just $475 monthly… WOW !!!
…..CONSTRUCTION FINANCING !!!… Now “construction lenders” only require a 10% cash investment for funding. This means the $115,000 cash down payment (to buy the project) may be sufficient to qualify for over $1.1 million in construction financing. This new loan should provide ample funds to pay off the $285,000 “land loan” and to start building up to 4 custom equestrian estates… Now you can obtain 30 year construction financing with “no payments” the first 12 months during the construction period… WOW !!!
….. RANCHING AND FARMING PROFITS !!!… Besides the huge profits from building and selling up to 4 custom equestrian estates, the zoning permits profitable ranching and/or farming… This zoning permits up to 18 horses or any combination of most domestic animals on this 9+ acre site. The wealthy rancher on the south side of this parcel raises expensive purebred Friesian horses (for profit) on his 10 acre ranch. He said one of his horses is valued at $50,000… Farming cash crops like “organic produce”, “lavender flowers”, etc. on this almost level 9+ acres can provide a huge yearly income. One “lavender farmer”‘ on just “7 acres” earns a gross income over $1 million a year… WOW !!!
….. PRIME BUILDING PARCEL !!!… Most rural vacant parcels for sale in this area are have no approvals, on dirt roads, rugged terrain, no “on site” access to water or power and not zoned for a lot split… Our 9+ acre view parcel is mostly level with paved streets on two side sides of this corner parcel. Most neighboring estates and lots have no access to district water and required to install water wells… Before they could even get a building permit they had to drill a well, find sufficient water flow and it must be tested to certify it is safe to drink… Our 9+ acre parcel is “rare” in that it has easy “on site” access to EMWD district water along the streets on two sides of this land. This land also already has an existing “water well” for “free water” for housing, ranching and/or farming. The parcel has easy “on site” access to Edison electric along three side of this land. With these “on site” utilities, already zoned for a lot split and the County ERP approval to apply for a “grading permit”, makes this one of the few parcels nearly ready to build… WOW !!!
….. PRIME LOCATION !!!… This 9.14 acre view building site is in the scenic rural community of “Spring Hills” overlooking the city of Moreno Valley below. This land is a beautiful country setting where herds of “wild burros” still roam freely. Yet this building site is near schools, churches, shopping and even The Home Depot. All these city services are within the 4 miles down to the 60 Freeway at Pigeon Pass Road in Moreno Valley. The land is only about 10 minutes from the 215 and 10 freeways… This parcel is just walking distance up to the “Box Springs Mountain Regional Park”. This huge public park offers miles of scenic trails for hiking, mountain biking, and horse riding overlooking UC Riverside and the cities below… WOW !!!
…… BROKER CONTACT !!!… If interested and qualified contact the Broker (Patrick) ASAP at show contact info
. Text your email address for copies of the zoning requirements, parcel map, area map and details on how to earn up to $500,000 in “tax free profits” from the sale of “each” equestrian estate … WOW !!!
- do NOT contact me with unsolicited services or offers
#1 Condos For Sale Network