Yucatan Circle at Reche Vista to Country Rd.
available aug 30
license info: Pat O’Brien – Bkr #00484418
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….. BUILDING LOTS DISCOUNTED !!!… “Joint Venture”??… This “out of state” owner needs to sell ASAP. So he has reduced the price of his two “approved” (10 acre) lots (20 acres total) to just $348,000 for both lots (just $174,000 for 10 acre hilltop lot). These building lots are part of the 40 acre (4 lots) “Rancho Cielo Estates” project. This land is located in the beautiful “Reche Canyon” Community and have fantastic views overlooking the custom equestrian homes (pictured) and Moreno Valley below… As a price comparison there are 5 nearby vacant parcels for sale (8 to10 acres each) all priced about $1 million “$100,000 per acre” (these listing provided upon request)…At just “$17,400 per acre our 10 acre hilltop lots are “priced to sell”…. WOW !!!
…… GREAT FINANCING !!!… This “motivated seller” will now sell both lots for $348,000 to the buyer with the first $115,000 down payment. He will carry the $233,000 balance as a loan (no bank qualifying, no credit report or fees) at 2% interest only payments at $388 monthly…. Additional PRICE DISCOUNT possible for an “all cash sale”… WOW !!!
….. PRIME LOCATION !!!… Reche Canyon is a scenic rural area where “wild burros” still roam freely. Yet these lots are located just 3 miles down to the 60 Freeway (at Perris Blvd.) and within about 10 minutes of the 215 and 10 freeways. They are also within 15 minutes of the nearby Loma Linda University Hospital, the Pettis VA Hospital, UC Riverside and several city civic centers that employ many doctors and other highly paid professionals. This is an excellent source of affluent buyers that may want to buy a nearby rural custom estate on 10 acres with fantastic views near their work… WOW!!!
….. NEARBY HOME PRICES !!!… Nearby north of our 10 acre lots are 92 “new” tract houses (Crystal Ridge) on “1/2 acre” lots (no horses allowed). They are almost sold out with just 4 houses remaining. They have actually sold a 3800 square foot “tract house” for almost $1 million on just a “1/2 acre” lot… Across Yucatan Circle from our building lots is a 30 year old home (about 3000 sq. ft.) priced at almost $700,000 on just a “1 acre” lot… With these nearby homes priced from about $700,000 to almost $1 million (on much smaller lots) and our lots now priced from just $174,000 there is huge profit potentials from building “million dollar'” 10 acre hilltop estates…. WOW !!!
….. PROFIT POTENTIALS !!!… A “smart buyer” has several profitable options: (1) Just “land bank” these “discounted lots” for future profits, (2) apply for each “grading permit” and then resell each view lot “as is” for quick profits, (3) “rough grade” each building pad and sell for much greater profits or (4) “spec build” and sell two custom 10 acre “million dollar estates” for the maximum profits… 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 estate… WOW !!!
…. BUILDER ALERT !!!… Owner may “joint venture” with a qualified builder… Unlike most nearby vacant parcels for sale, our lots cost much less, with fantastic city views and are nearly ready to build… Each lot has the valuable Riverside County ERP approvals required to apply for each “grading permit”. Also our zoning is very attractive and flexible. The County zoning of RA-10 permits raising up to 20 horses or any combination of most domestic animals on each 10 acres. Most agricultural usages are permitted and groves, vineyards, etc. are ideal for this site. Our lots actually own the valuable “water rights” for access to an unlimited supply of “free well water” for housing, ranching and/or farming. The County permits building two houses (a main and guest house) on each 10 acre hilltop for up to “4 houses” on the two hilltop sites…. WOW !!!
….. CONSTRUCTION FINANCING !!!… Now “construction lenders” require a 10% cash investment for funding construction. This means your $115,000 down payment (to buy both lots) may be sufficient for over $1.1 million in construction financing to build two custom estates… This new loan should be sufficient to pay off the $233,000 “land loan” and build two custom equestrian estates…. Another option is to build your own custom “dream home” on the best lot. Then you can the sell the remaining building lot or custom home (tax free) to pay for your “dream home”…. WOW !!!
….. PROJECT PURCHASE OPTION !!!… These two hilltop lots at $174,000 each, have great views south overlooking the city of Moreno Valley below… Above these lots are two more 10 acre lots at the very top of the mountain. These two lots have the best panoramic views north to Cajon Pass, the cities below and the ski resort mountains above. Their views include the south toward the Temecula area. These dramatic mountaintop lots are priced at $298,000 each. The price total for all four 10 acre lots is then $944,000. But if you buy all 40 acres (4 lots) the seller will reduce the price to just $788,000 (just $197,000 per lot). He wll finance the sale of the entire project (40 acres) with just a 25% down payment ($198,000). He will carry the balance of $590,000 as a loan (no bank qualifying) at 2% interest only payments of just $984… Then you can build up to “8 houses” on the four 10 acre hilltop lots… These building sites are ideal for building 4 secure hilltop compounds each privately gated. If you just add “solar power” then each “secure compound” is totally self contained and “off the grid” when the “big one” comes…WOW !!!
….. BROKER CONTACT !!!… If interested and qualified, contact this Broker (Patrick) ASAP for details at show contact info
. He will email copies of the zoning, the area maps, the parcel maps and details of how to earn up $500,00 in “tax free profits” from the sale of each custom home… WOW!!!
- do NOT contact me with unsolicited services or offers
post id: 6286330316
posted: 2017-08-30 7:59am
updated: 2017-09-19 7:38pm
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