0 Stone Mountain Rd
Moreno Valley, CA 92557

40.00 Acres 233 Days
Investor/Builder Discounted View Lots !!!... This 40 acre project "Rancho Cielo" (Sky Ranch) is actually four adjacent (10 acre) building sites. This hilltop lots have fantastic views overlooking the custom homes (pictured) and the cities below... This "out of state" owner needs to sell ASAP so he reduced his price from $1.2 million to just $788,000 for all 40 acres. He will sell one 10 acre lot from $174,000... He will finance the sale on two or more lots at just 2% interest... The project now has the valuable Riverside County ERP approvals to apply for "grading permits" to build 4 custom homes. Recently a "grading contractor" estimated the cost about $25,000 to grade each building pad for a custom home. This grading cost plus the reduced price of $174,000 for one lot, means a new owner can now deliver a "graded 10 acre view lot" for a "base cost" of just about $200,000...WOW !!! GREAT SELLER FINANCING !!!... This "motivated seller" will now sell all 40 acres (4 lots) for $788,000 to the buyer with the first 25% down payment ($198,000). He will carry the $590,000 balance as a loan (no bank qualifying, no points or fees) at just 2% interest only payments of $984 monthly. Now "construction lenders" only require a 10% cash investment for funding. This means the $198,000 down payment (to buy the project) may be sufficient cash investment for almost $2 million in construction to build four custom homes... Nearby new houses sold for $998,000 at 3800 sq. ft. on just 1/2 acre!!
  • $0 HOA
  • —/Sqft
  • MLS#IV17024042 provided by PAT O'BRIEN of DEVELOPER SALES ASSOCIATES
  • Movoto last checked CRMLS for new data 2 hours ago
  • CRMLS last updated this listing 3 weeks ago

Property Features for 0 Stone Mountain Road, Moreno Valley

Lot Size Acres: 40
Lot Size Square Feet: 1742400
Lot Size Units: Acres
Lot Size Area: 40
Price Per Square Foot: 0.45
AdditionalParcelsYN: 1
Parcel Number: 471171025
Tax Census Tract: 424.12
Special Listing Conditions: Standard
Standard Status: Active
Exterior
Improvements: Access Road From Reche Vista Road
Amenities / Utilities
Community Features: Foothills, Rural
Location
View Y/N: 1
View: City Lights, Hills, Panoramic, Valley
Road Frontage Type: Country Road
Distance To Water: Need Wells
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Compare Similar Homes for 0 Stone Mountain Road, Moreno Valley

Movoto doesn't have sqft for this home. The value of the home is $1,047/Sqft based on the average of the following nearby homes for sale.
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A 22.69 mi
854 Ontario Blvd
  • $758,000
  • For Sale

    30 days

  • 1 Bd
  • 1 Ba
  • 724 Sqft
  • $1,047 /Sqft
  • 0.25 Acres Lot
  • Built 1924
YOU
ARE
HERE
0 Stone Mountain Rd
  • $788,000
  • For Sale

    233 days

  • — Bd
  • — Ba
  • 40.00 Acres Lot
  • Built —

Property History for 0 Stone Mountain Road, Moreno Valley

Status
Date
Price
Price Change
Jun 24, 2017
$788,000
Listed
Feb 1, 2017
$798,000
#IV17024042
Sold
Dec 2, 2016
$150,000
Pending
Nov 9, 2016
Price Change
Nov 2, 2016
$178,000
Listed
Nov 1, 2016
$179,000
#IV16739424
Price Change
Oct 2, 2016
$178,000
Price Change
Sep 13, 2016
$179,000
Listed
May 14, 2016
$189,000
#IV16103656
Listed
May 14, 2016
$65,000
#IV16103632

Real Estate Market Statistics for 0 Stone Mountain Road, Moreno Valley

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0 Stone Mountain Road

No data!
Riverside County
Moreno Valley
92557
List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$788K

0 Stone Mountain Road

$330K

92557

-2% y/y

92557

$320K

Moreno Valley

-3% y/y

Moreno Valley

-

Riverside County

- y/y

Riverside County

See all trends for Moreno Valley
0 Stone Mountain Rd in ZIP code 92557 is a land home currently listed for $788,000. This is 139% above the median of $330,000 for 92557 and 146% above the median price of $320,000 for the city of Moreno Valley, CA. As of today, , there are 71 properties listed for sale in the 92557 area and 253 properties listed for sale in Moreno Valley. Of those 253 properties for sale, 228 are single family homes and 25 are condos. 0 Stone Mountain Rd is approximately — Sqft, 100% below the Moreno Valley median of 1,749 and 100% below the 92557 ZIP code median of 1,783. The price per Sqft is —, which is 100% below the median price in 92557 of $187 and 100% below the Moreno Valley median of $186 per square foot.
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