Catylist ID: #30811434
Large Acreage, Rural Land - Estate Lots
Vacant Land for SaleAlso listed as Special Purpose
|Catylist Listing ID:||30811434|
|Property Subtypes:||Residential (Single Family), Other|
|Gross Land Area:||800 Acres|
|Unit Price:||$2,537 Per Acre|
|Land Splits Available:||Yes|
|Sale Terms:||Cash to Seller, Owner Financing|
Overview / Comments
With this period of inflation occurring presently, what becomes the best hedge against rampant inflation? One answer is land! Whether you are land banking, or purchasing a mountain getaway, both are a great investment. With up to 800+/- acres available, this group of individually deeded parcels can provide both opportunities. Consisting of nine individual lots varying in size from 60 acres to 133 acres, with pricing that is reflective of the market for land in this area, this constitutes a fresh opportunity for the savvy investor. This can be purchased parcel by parcel or in its entirety. Pricing would reflect each situation. There are some amazing view lots, that provide opportunity for long views of lakes and mountains from superior elevations
Three limited offer buying options:
Option 1 - 8 original lots, 800 acres cash purchase on or before 9/1/2022, placed at $2,030,000 or $2,537 per acre2.
Option 2 - 800 acres (8 original lots) private financing purchase limited offer: 25% down ($732,000), subject to a $2.196 m interest only ($8,967/month) purchase money mortgage. “lot release” terms available, closing to occur on or before 10/1/22.
Option 3 - 800 acres volume lot purchase - single lot private financing: 20% down, (av. down payment of $115k; $460 principal balance per lot), subject to a three (3) lot minimum purchase ( av. interest only non-recourse purchase money
mortgage financing per lot place at approx. $1,878 per month). Closing to occur on or before 10/1/22. 3 lot down payment $345k; 3 lot monthly mortgage payment approx. $5634 1. 3 lot down payment at $345k; 3 lot monthly mortgage payment at $5634.
Option 4 - End-lot (first and second position financing) available on condition of closing any of the above offerings, subject to end-lot release agreement.
Attachments & Media
|Largest Nearby Street:||Chickville Road|
|Highway Access:||Route 16 from the northeast and Route 171 from the southwest.|
|Site Description:||This acreage sits off a class 5 highway (Chickville Rd) and has a gravel access roadway already in place, with future improvements to be made. There are also some logging roads already on site. Build your own hunting cabin, maintain your land to attract wild game (there is plenty in the area), or just create your place of solitude. Alternatively, these lots could provide development potential as well.|
|Area Description:||Ossipee is located in the south eastern section of the Lakes and Mountains of New Hampshire. It is located just under two hours from Boston, Worcester and within an hour of Portland ME. Ossipee Lake consists of some 3245 acres, and is one of the more popular lakes in the area. Big Danhole pond is some 450 acres and is one of the best trout lakes in the state as well as having some of the most undeveloped shoreline in the area. Portions of the property overlook Danhole, which is believed to be one of the volcanic ventholes from the eruptions many years ago. The sites are also located just 35 minutes south of North Conway, which is the center of the Mt Washington Valley. These are located in a very rural area, but ease of access to Route 16 and 171 makes it accessible. The Ossipee Mountains are a famous (to geologists, at least) example of a ring dike complex. These geologic formations are scattered around the Northeast; Mount Pawtuckaway to the south is a smaller example. The Ossipee ring dike complex is noteworthy because it was the first of its kind to be studied, the outer ring dike is very nearly complete, and with a nine-mile diameter, pretty big. At the time the Ossipee ring complex probably first formed, it wouldn't have looked like a circular clump of wrinkly hills, as it does now. Over the last 122 million years, a combination of regional uplifts and erosion have shaped the hard igneous rock of the ring complex into the mountains we see today and created great soils. This is an area full of recreational opportunities and hiking and biking trails.|
|Easements Description:||Electric Power line easement through some lots.|
|Proximity:||3 miles||5 miles|
David M GarveyCoastal Land & Commercial Group/KW Commercial at Keller Williams Coastal and Lakes & Mountains Realty NECPE Member
Viktoria V AlkovaCoastal Land & Commercial Group/KW Commercial at Keller Williams Coastal and Lakes & Mountains Realty NECPE Member
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