TBD De Oro Way Lot 9

Description

35 acres with a water well already installed. Private financing available for buyers that can put down 35%. This was the developers personal lot and by far on of the best parcels in the entire development. Elevation ranges from 7250' along the valley floor to 7550' on the mesa top. There's good year round access and excellent southern exposure. Underground utilities are at the property, and the property corners are pinned. Subdivision requires a minimum of 1,000 sq ft for new construction. This land benefits from low ag taxes with the annual tax bill being only $16. Annual HOA/Road Maintenance dues are $1,200. Water well is in the bottom on the east side of the arroyo; it's recorded to be 200' deep with a static water level of 50'. 1 hr pump test at the time of drilling showed 15 GPM. Private financing terms as follows: 35% down is 10% interest, 40% down is 9.5% interest, 45% down is 9% interest, 50% down is 8.5% interest. 2% loan origination fee. Amortization and balloon are negotiable.