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House in Kansas

Address: Terrace Circle Concordia 66901

Approximate value $: 320000

Raise your family in a nice community that offers good weather (LOTS OF SUNNY DAYS), wonderful people and a solid opportunity.

If you are already in love with or looking for the challenges and rewards of be a developer, builder and possibly realtor then this might just be for you. This opportunity offers and the challenges and rewards associated with being a top notch do-it-all developer. If you're good at your game then this will suit your needs.

The project and lots can be purchased in whole or part

The Local Community and Economic Climate:
Concordia's economy and building environment is best described as being stable. It did not experience the housing boom or bust of the last economic cycle. You will find a diversified cross section of industry including agriculture, health care, construction, manufacturing, banking and higher education. The people of this area are some of the friendliest and most accommodating that you'll ever have the privilege to call neighbors.

Included with sale:
(R-1) Buildable lots: 2 lots at ~ .31 acres +/- with all utilities
(R-1) Workshop/garage with apartment and foundation ready for build-out
(R-2) Buildable lots: 2 lots at ~ 60'x115' +/- with all utilities
(R-3) Buildable section: up to 24 dwellings approved for divide ~ 1.60+/- acres
Developer rights which grant significant control of the HOA during build-out
Assumable HOA Promissory Note payable to Developer upon default

Completed Development:
The project build out started in 2007-2012 and averaged 3 new home builds per year in the area for the succeeding 5 years. All homes are new construction. All new infrastructure including water, sewer, communication and utility lines are installed. Additionally, geothermal wells and lines are installed to each currently occupied lot. A beautiful clubhouse with built-in heated pool, exercise area and community room is complete. The cost of building has hovered at about $100/sf - special note that this has been inclusive of ICF construction inclusive of Geothermal HVAC, full lawn irrigation and curb & gutter. Recent lots have been sold in the $25,000 +/- range. Additional details can be provided on request.

Current Expenses (all monthly +/-):
(1) Terrace Circle: Taxes: $100 ,Utilities:$100, HOA Maintenance/lawn: $115
(3) Terrace Circle: Taxes: $10, HOA Maintenance/lawn: $115**
(5) Terrace Circle: Taxes: $26, HOA Maintenance/lawn: $115**
(9) Terrace Circle: Taxes: $20, HOA Maintenance/lawn: $115**
(11) Terrace Circle: Taxes: $25, HOA Maintenance/lawn: $115**
(R-3) Section: Taxes: $20
(Clubhouse): No Cost

(**Developer optionally pays HOA Maintenance/Lawn fees on vacant lots).

Current Developer and being Sold by:
C Properties, LLC: Owner/Broker - $320,000 - website: www.easthillsestates.com

In exchange for House in Arizona, California, Colorado, Michigan

Trade up or down. Open to offers. Prefer Michigan.

ID: 24796, Submitted: 04/12/2015 16:13:56, Updated: 04/12/2015 16:39:37, Visitors: 996

   

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