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!!
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