Real Estate For Sale in...
 

0 Stone Mountain Road, Moreno Valley, CA 92557

$788,000
Land MLS# IV17024042 ID: 43202934
$788,000 Get Rates

Investor/Builder Discounted View Lots !!!... This 40 acre project "Rancho Cielo" (Sky Ranch) is actually four adjacent (10 acre) building sites. This hilltop lots have fantastic 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 $788,000 for all 40 acres. He will sell one 10 acre lot from $174,000... He will finance the sale on two or more lots at just 2% interest... The project now has the valuable Riverside County ERP approvals to apply for "grading permits" to build 4 custom homes. Recently a "grading contractor" estimated the cost about $25,000 to grade each building pad for a custom home. This grading cost plus the reduced price of $174,000 for one lot, means a new owner can now deliver a "graded 10 acre view lot" for a "base cost" of just about $200,000...WOW !!! GREAT SELLER FINANCING !!!... This "motivated seller" will now sell all 40 acres (4 lots) for $788,000 to the buyer with the first 25% down payment ($198,000). He will carry the $590,000 balance as a loan (no bank qualifying, no points or fees) at just 2% interest only payments of $984 monthly. Now "construction lenders" only require a 10% cash investment for funding. This means the $198,000 down payment (to buy the project) may be sufficient cash investment for almost $2 million in construction to build four custom homes... Nearby new houses sold for $998,000 at 3800 sq. ft. on just 1/2 acre!!

Back To Top
Location Information near 0 Stone Mountain Road
Mortgage Calculator
(% per year)
(in years)
 
(estimated)

*May not reflect current interest rates and is intended for educational/information purposes only. All figures are hypothetical and should not be relied upon in any way.

$$$

Compare current mortgage rates

Property Features for 0 Stone Mountain Road
Status
Market Status
Available
Last Updated
August 16, 2017
Description
Property Type
Land
Architecture
Lots/Acreage

Location

  • MLS Area: 259 - Moreno Valley

Lot Features

  • Horse Facilities: Improved Horse Property
  • View: City Lights View, Panoramic Views, Valley/Canyon Views
  • Water Utilities: Agricultural Well
  • Rural Setting: Rural Area

Data Provided by California Regional Multiple Listing Service

The information being provided by CARETS® is for the visitor’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to property referenced on this web site comes from the Internet Data Exchange (IDX) program of the CARETS® MLS.

This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

The data contained herein is copyrighted by CARETS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

CRMLS, Inc., data content displayed on this site is deemed reliable but is not guaranteed accurate by the MLS.

Back To Top
Request More Information
() x
Click here to view our Privacy Policy and Terms of Use


  • DEVELOPER SALES ASSOCIATES

Data Provided by:
California Regional Multiple Listing Service


Advertisements

More information about this $788,000 Land at 0 Stone Mountain Road

This $788,000 Land at 0 Stone Mountain Road in Moreno Valley, CA is offered by Pat O'Brien. This $788,000 Land, located in the 92557 zip code, has the following property features: MLS Area, View, Horse Facilities, Rural Setting. This 0 Stone Mountain Road Land, located in Riverside County , is listed under MLS listing number IV17024042 and has a listing price of $788,000. You can find more of Pat O'Brien's listings by browsing Pat O'Brien homes for sale at HomesAndLand.com, or even more MORENO VALLEY homes for sale here.