Yucatan Court at Perris Bivd. to Country Rd.
available aug 30
license info: Pat O’Brien – Bkr #00484418
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…..BUILDING LOT BARGAINS !!!… (now just $19,700 per acre)… JOINT VENTURE ??… 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… The (out of state) owner needs to sell 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 $174,000… As a comparison, nearby there are 6 vacant parcels (no views) at 8 to 10 acres each and priced at about $1 million each “$100,000 per acre” (these listings provided upon request)… At just “$19,700 per acre” our 40 acre project is a bargain and is ideal for building “million dollar” estates with fantastic city and mountain views… The seller will now offer “great financing” on purchase of “two or more lots” at just 2% interest…. 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 at over $1 million (now $788,000 will buy all 40 acres)…. WOW !!!
….. SELLER FINANCING !!! …. This “out of state” seller is motivated to sell these CA properties. Local residential home prices have now exceeded the 2006 peak home prices, but land prices lag behind. This 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 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… Owner may “joint venture” with a qualified builder… Additional “PRICE DISCOUNT” possible for an “all cash sale”… WOW !!!
….. NEW APPROVALS !!!… After this project sold in 2006 it continued to be developed… 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… ” The 2006 appraisal had no County approvals… 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 plus the discounted 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 about $200,000…. WOW !!!
….. GREAT ZONING !!!… This 40 acre project is zoned RA-10 which is “Residential Agricultural” with the minimum lot size of 10 acres. On each lot permits up to 20 horses or any combination of most domestic animals on each 10 acre building site. The County also permits building 2 custom homes on “each” 10 acre lot with a “second unit permit”… 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 one 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 2700 sq. ft.) has a sale pending at almost $700,000 on just a “2.33 acre” lot… Our four “10 acre” view building parcels have dramatic views and are ideal for building “million dollar” 10 acre hilltop estates… With these nearby home prices from $700,000 to almost $1 million (on much smaller lots), there is huge profit potentials 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 building pad and sell for much greater profits or (4) build and sell 4 custom “million dollar” equestrian estates for the greatest profits… WOW !!!
….. CONSTRUCTION FINANCING !!!… Now “construction lenders” only require a 10% cash investment for funding construction. This means $198,000 down payment (to buy the project) may be sufficient for almost $2 million in construction financing. This should provide sufficient funds to pay off the $590,000 “land loan” and build 4 custom “million dollars” estates…WOW !!!
….. PROFITABLE OPTIONS !!!… A “smart buyer” has several profitable development and building options: (1) Just “land bank” these “discounted lots” for future profits, (2) apply for “grading permits” and sell “as is” for quick profits, (3) “rough grade” the building pads to sell for much greater profits or (4) build and sell four “million dollar” estates for the maximum profit potentials…
The Broker can provide details on how to earn up to $500,000 in “tax free profits” from the sale of “each” custom estate…. Another attractive option is to save the best 10 acre hilltop building site for 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 with family and/or friends to share the costs and the huge profits of the project development… WOW !!!
….. PRIME LOCATION !!!… Rancho Cielo is in the scenic rural community of “Reche Canyon” where “wild burros ” still roam freely. These lots are 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 to the 215 and 10 freeways. The lots are centrally located within 15 minutes of the nearby Loma Linda University Hospital, the VA Hospital, UCR and multiple civic centers… 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” car… Also the massive “World Logistics Center” on the east side of this city 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 hilltop private equestrian estate overlooking their work places…. WOW !!!
….. BROKER CONTACT !!!… If interested and qualified, contact the Broker (Patrick) ASAP at show contact info
. Text him your email address and he will email copies of the County ERP 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: 6286337710
posted: 2017-08-30 8:04am
updated: 2017-09-19 7:37pm