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$ 33,880
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2.5 Acres Lot
$ 33,880
Est. payment | /mo
2.5 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC21226521
HOA Y/N No
Lot Size 2.500 Acres
Acres 2.5
Property Description
Buy this fantastic lot using a OTC (One-Time Close) Loan from our strategic partner. Low down payment option with 12-month construction financing which converts to a 30-yr mortgage, all-in-one closing! (Call/Email for more details) This 2.5AC parcel of flat/level open space land is located in an Opportunity Zone area, which offers significant tax benefits for investors who reinvest their capital gains in qualified projects. According to the IRS, Opportunity Zones provide three main tax benefits: - Temporary deferral of taxes on previously earned capital gains until December 31, 2026 or until the investment is sold or exchanged, whichever is earlier. - Step-up in basis for previously earned capital gains invested, which reduces the amount of taxable gain by 10% if held for at least 5 years and by 15% if held for at least 7 years. - Permanent exclusion of taxable income on new gains from the sale or exchange of the investment if held for at least 10 years. This parcel is ideal for investors who are looking for long-term returns and social impact. It is situated in the El Mirage Area, which has abundant natural resources and potential for economic development. The parcel sits atop the Oestre Aquifer, which can produce pristine water annually. It also has unobstructed views of the Sa
Location
State CA
County San Bernardino
Area Listing
Zoning RL
Interior
Fireplace No
Exterior
Utilities Available Water/Sewer See Remarks
View Y/N true
View Mountain(s), Other
Building
Lot Description Level
New Construction No
Others
Tax ID 0457161430000
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Gregg Cochran • Gregg Cochran, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "