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#26829 - 05/18/04 08:48 AM Unique San Diego Investment Properties
Anonymous
Unregistered


We currently have two very unique properties listed.

1. 1080 acres very near the Mexican border
2. 820 acre ranch secluded private valley

See details at http://AffordableSanDiego.com/listings.php

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#26830 - 06/29/04 08:21 PM Re: Unique San Diego Investment Properties
mfortner Offline
Member

Registered: 06/15/04
Posts: 28
Loc: San Diego, CA
1080 acres near the mexican Border.

San Ysidro ?

How many millions of dollars will that run me ?

Also, why haven't developers snapped up a hunk of land that large ?

Curious.
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#26831 - 06/30/04 07:23 AM Re: Unique San Diego Investment Properties
Anonymous
Unregistered


The property is located east of San Ysidro. Learn more by clicking on the listing link in the original message. As to why developers haven't snapped it up? You might try asking them. Be well, Richard Greenwood http://Affordable-San-Diego.com/our-team.php

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#26832 - 06/30/04 10:35 PM Re: Unique San Diego Investment Properties
mfortner Offline
Member

Registered: 06/15/04
Posts: 28
Loc: San Diego, CA
Those are 2 excellent listings.

I see the one has been put under the Williamson Act. Do you know if that contract conveys when the property is sold ?

If yes, that may be why the developers have not jumped on that one.
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#26833 - 07/12/04 06:04 PM Re: Unique San Diego Investment Properties
Anonymous
Unregistered


the Williamson contract will stay with the property but check the expiration date on that contract, I think they are up for renewal every ten years, then you could opt out of the contract.

for over a thousand acres the additional recapture fees of property w/Williamson Act attached usually would still be worth it to a developer, there has to be another reason why they haven't snapped it up yet.

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#26834 - 07/15/04 04:04 PM Re: Unique San Diego Investment Properties
mfortner Offline
Member

Registered: 06/15/04
Posts: 28
Loc: San Diego, CA
So once you opt out of a Williamson Act property, you have to pay back taxes on the amount saved over the 10 years of the act ?

That could be an enormous amount of money if that's the way it works.
_________________________
Salem Real Estate

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