« New Nationwide REO Package – July 13 – SOLD Performing Note : 195 Fractured Condo Units at Grand Reserve, Orlando, FL – Member Post – PENIDNG »

Land Deal TN – 25% LTV – SOLD

Category: Member Offerings

Private Seller: (no tapes, mandates, Banks or Bulk REO BS) Residential Land Lot Pak in High End TN Resort Development. 35% of ARV (today’s value).

Package of 77 Lots available at $2,700.00 Each.

Appraised (Today’s) Value $7600.00 to $8600.00 Each

Lot values are very conservative and poised to increase as Buyers are starting to come alive again. Median Price Home is $400,000 – $500,000 and upwards in the Mill +.

All Lots are Buildable, Warranty Deeded and Title Insured. All Utilities are throughout the Resort: Roads, Water, Sewer, Electric, Cable and Phone.
————————————————————————————————————-
Time limit to build: None
Lot size: .34 to .46 wooded
Buildable: The minimum home size requirement is 1,400 square feet. If you do not build; you can keep your property in its natural state. No up keep or maintenance required. NO TIME RESTRICTION TO BUILD.
Zoning: Residential
POA DUES: (approximately) $22.03 per month paid every quarter with next billing in Jan 09.
Taxes: Property taxes on land20in Tennessee are some of the lowest in 48 states. (approximately) $28.95 per year and all lots are current through 2009
DEED: We transfer the property by Warranty Deed. Once closing payment is made, Prepared deeds are notarized, tax stamped, and sent to the County Courthouse for recording. The deeds will be sent to you after recording, which usually takes 7 business days. Title Insurance is available for all lots.
Processing/Closing Fee: (approximately) $315, which includes all closing costs, Deed preparation, all transfer fees, all recording fees, processing fees and mailing and postal fees.
————————————————————————————————————

Development is loaded with existing Amenities and is a 1st Class Resort.
Twelve tennis courts ~ four indoor and eight outdoor.
Five championship golf courses with 90 holes of golf.
Several indoor and outdoor swimming pools.
Eleven springs fed pristine lakes for fishing and boating.
Marina and beach on two lakes.
Horseback riding stable.
Recreation center with basketball courts.
Meeting Center, Resort Library, and Arts and Crafts Center.
Organized sightseeing and shopping tours.
A new health and wellness center with an indoor swimming facility, walking track and state-of-the-art exercise equipment.
24 hour security, fire and ambulance service onsite.
Six churches located at the resort.
Wonderful Country Club Dining a s well as countless other restaurants around the resort and a few miles away.
A shopping mall with a restaurant, grocery store, pharmacy, post office, hardware store, beauty salon, and more.
——————————————————————————-

Pictures, Plats, Lot Numbers, Addresses, Sub division & Resort Overview Available upon Request.

Cash Steal Price is $207,900.00 for all 77 Lots.

Serious Cash Buyers Only that are prepared to close in 15 days or less.

Email me for Due Diligence info.

Performing Note : 195 Fractured Condo Units at Grand Reserve, Orlando, FL – Member Post - PENIDNG

By admin |

No Comments »