264 W Tiffany Lane

  • Moreno Valley

  • $188,000
  • Acres
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Lot/LandDetails

Description & Essential
Description
OWNER FINANCING... WOW !!! "Builder, Investor or Homeowner Special"... Prime 1 acre "equestrian" building site that is a nearly level with great views of the city lights below. This rural zoned parcel is "rare and valuable" because it is inside the City on 2 paved streets. It is across the street from a church building site and walking distance to the nearest public school, but zoned for raising horses (animals), farming, and up to two homes are permitted... The site has direct access to Edison and EMWD district water at the Tiffany Lane. You can even install your own "water well" for unlimited "free drinking water". This prime parcel is within about a mile of restaurants, shopping, the Home Depot and the 60 Freeway onramp. The sellers will finance the $188,000 price (no bank qualifying, no points or fees). With the $78,000 down payment, the sellers will carry a new $110,000 "land loan" with interest only payments of just $226 monthly... WOW !!! The sellers also own the adjacent upper 1.24 acre lot that can also be purchased for $248,000. That totals $436,000 for both lots. But if you buy both lots together, the sellers will discount the price to $388,000 for both lots.... You can actually build two houses (a main and guest house) on each lot for up to 4 houses total. This is a great opportunity to custom build two incredible equestrian estates on 1 acre lots to sell for quick profits. Or you can keep the best estate for yourself and sell the other 1 acre estate... WOW !!
Essential
MLS #IV18125050
Price$188,000
Lot Square Feet≈ 42,253
Sub-TypeWater Position With Land
CountyRiverside
StateCA
ViewCity Lights
Area259 - Moreno Valley
ZoneRA-1
StatusActive
Sale TypeStandard
Listing BrokerageDEVELOPER SALES ASSOCIATES
Listing AgentPAT O'BRIEN
Listing Agent BRE #00484418

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Based on information from California Regional Multiple Listing Service, Inc. as of Sunday, August 26, 2018. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.