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Listing Details

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School Ratings & Info

Description

WOW !!... The owner of this beautiful 5 acre building site at the corner of the busy Bundy Canyon Road and Cottonwood Canyon Road is "very motivated" to sell. This 5 acres is 100% usable on the north side opposite 25099 Bundy Canyon Road.... The owner of this nearly level building site is processing a tentative tract map for dividing it into building sites over 1 acre each (see map). Now priced at just $398,000 "as is"..... When the the tract map for four 1+ acre lots is completed, the price will go up dramatically to $598,000 or $150,000 per lot.... The adjacent rolling 5 acres on a dirt road is now priced "as is" at $425,000... Buy now and start to build one estate immediately and complete the new subdivision for 3 addition lots later if you chose. You may get a price discount if you purchase the 5 acres now "as is" for cash... On this 5 acre parcel (or each lot) you can build up to 3 houses. Any size main house, a guest house up to 1200 square feet and even a separate "casita" up to 600 square feet..... This is a peaceful rural setting but only about 6 minutes to the 215 Freeway to the east and only 7 minutes to the west is the 15 Freeway at the beautiful Lake Elsinore.... US Bank will finance the sale of a unimproved land with 25% down payment. Then the bank will provide the construction loan with little or no additional cash. That construction loan locks in the the permanent home loan when the custom home is completed..... Must see to appreciate !!!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T00:28:33.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cesi Pagano & Associates - Keller Williams Real Estate. Licensed in the State of California, USA.
www.cesipaganoteam.com/homes/113655135
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0 Bundy Canyon Road Menifee, CA 92584

  • Price: $398,000
  • Status: Active
  • ID#: IV21017238
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Beds
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Baths
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½ Baths
5
Acres
Neighborhood:
Srcar - Southwest Riverside County
County:
Riverside
Area:
Srcar - Southwest Riverside County
Property Description
WOW !!... The owner of this beautiful 5 acre building site at the corner of the busy Bundy Canyon Road and Cottonwood Canyon Road is "very motivated" to sell. This 5 acres is 100% usable on the north side opposite 25099 Bundy Canyon Road.... The owner of this nearly level building site is processing a tentative tract map for dividing it into building sites over 1 acre each (see map). Now priced at just $398,000 "as is"..... When the the tract map for four 1+ acre lots is completed, the price will go up dramatically to $598,000 or $150,000 per lot.... The adjacent rolling 5 acres on a dirt road is now priced "as is" at $425,000... Buy now and start to build one estate immediately and complete the new subdivision for 3 addition lots later if you chose. You may get a price discount if you purchase the 5 acres now "as is" for cash... On this 5 acre parcel (or each lot) you can build up to 3 houses. Any size main house, a guest house up to 1200 square feet and even a separate "casita" up to 600 square feet..... This is a peaceful rural setting but only about 6 minutes to the 215 Freeway to the east and only 7 minutes to the west is the 15 Freeway at the beautiful Lake Elsinore.... US Bank will finance the sale of a unimproved land with 25% down payment. Then the bank will provide the construction loan with little or no additional cash. That construction loan locks in the the permanent home loan when the custom home is completed..... Must see to appreciate !!!
Exterior Features

Fencing Average ConditionChain Link Horse YN Yes Lot Features 0-1 Unit/AcreCorner LotCorners MarkedGentle SlopingHorse PropertyLot Over 40000 SqftRectangular LotValue In LandMineral Rights View Meadow View YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Rural Current Financing Conventional Disclosures Manufactured Homes AllowedUnincorporated Electric Electricity - On Property Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New LoanConventionalSubmit New Construction YN No Senior Community YN No Special Listing Conditions Standard Utilities Electricity AvailablePropanePhone AvailableSewer Not AvailableWater AvailableOverhead Utilities Water Source Agricultural Well Zoning R-R-1

Listing provided courtesy of Pat O'brien of Developer Sales Associates


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T00:28:33.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cesi Pagano & Associates - Keller Williams Real Estate. Licensed in the State of California, USA.
 
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Cesi Pagano & Associates - Keller Williams Real Estate
27941 La Paz Road, Suite C
Laguna Niguel CA, 92677