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Key Details
Sold Price $300,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Poway
MLS Listing ID 200003205
Sold Date 03/06/20
HOA Y/N No
Lot Size 9.430 Acres
Acres 9.43
Property Description
Electrical conduits on site, well producing 8 GPM, perc tested, pad approved, septic ready, beautiful views, perfect for investor or a motivated buyer. When buying a traditional home you're buying at the TOP of the market and you will have ZERO to very little equity after you purchase. Raw land is one way to beat the system and build your dream home in the process. Here are a few brief steps to do so... Find raw land (preferably this property) with utilities on site and a established road to the property (YES this property fits this description). Once you find the land you call a bank that specializes in Construction to Permit loans and find out how much money they will loan you to complete this process. Once you get the loan in hand it cannot be stressed enough to NOT to look into EVERY expense it will take to build because it DOES look daunting but at the end of the day YOU will build for cheaper then buying a move in ready home. When you choose your builder, look for a smaller builder who enjoys building a few custom homes a year, has less overhead expenses, and will be OK with you involved in the process. Poway has a process called the MDRA which takes 3-6 month to complete but they breakdown the guidelines. Once your plans are approved, you start the most fulfilling part which is BUILDING and you get to see all your hard work pay off. When you purchase a traditional home that is move in ready, everyone has taken there cut of the pie and there is no longer any left for the home owner. This property is IN Poway with everything it has to offer INCLUDING the best school districts in the country. You can plant all the fruits and veggies you want on your land and SAVE on the grocery bill for a lifetime. You can have chickens, horses, and whatever else your heart desires. With almost 10 acres your only limited by your imagination. Get out of the elbow to elbow track home life and enjoy the beauty of birds chirpen, bright clear stars, and quiet peaceful surroundings...
Location
State CA
County San Diego
Area 92064 - Poway
Zoning RR-A
Interior
Fireplace No
Exterior
Fence None
Others
Tax ID 2782002900
Acceptable Financing Cash, Conventional, Contract, 1031 Exchange, Lease Option
Listing Terms Cash, Conventional, Contract, 1031 Exchange, Lease Option
Financing Conventional
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Bought with Olivia Dunham • SD Homes
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960