0 Bundy Canyon Road, Menifee , CA  92584 for $398,000 


 

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0 Bundy Canyon RoadMenifee, California CA92584

Listing IDIV21017238

5 Acres

$398,000

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 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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