Running Deer Trl, Poway, CA 92064

$300,000
Sold Price
$300,000
List Price
$339,900
Closing Date
Mar 06, 2020
Status
CLOSED
MLS#
200003205
Lot Size
410,770
Acres
9.43
Days on Market
46
Property Type
Land
Neighborhood
Poway

Property Description

Electrical conduits on site, well producing 8 GPM, perc tested, pad approved, septic ready, beautiful views, perfect for investor or a motivated buyer. When buying a traditional home you're buying at the TOP of the market and you will have ZERO to very little equity after you purchase. Raw land is one way to beat the system and build your dream home in the process. Here are a few brief steps to do so... Find raw land (preferably this property) with utilities on site and a established road to the property (YES this property fits this description). Once you find the land you call a bank that specializes in Construction to Permit loans and find out how much money they will loan you to complete this process. Once you get the loan in hand it cannot be stressed enough to NOT to look into EVERY expense it will take to build because it DOES look daunting but at the end of the day YOU will build for cheaper then buying a move in ready home. When you choose your builder, look for a smaller builder who enjoys building a few custom homes a year, has less overhead expenses, and will be OK with you involved in the process. Poway has a process called the MDRA which takes 3-6 month to complete but they breakdown the guidelines. Once your plans are approved, you start the most fulfilling part which is BUILDING and you get to see all your hard work pay off. When you purchase a traditional home that is move in ready, everyone has taken there cut of the pie and there is no longer any left for the home owner. This property is IN Poway with everything it has to offer INCLUDING the best school districts in the country. You can plant all the fruits and veggies you want on your land and SAVE on the grocery bill for a lifetime. You can have chickens, horses, and whatever else your heart desires. With almost 10 acres your only limited by your imagination. Get out of the elbow to elbow track home life and enjoy the beauty of birds chirpen, bright clear stars, and quiet peaceful surroundings...

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Calculator source: Real Geeks

Listing courtesy of Jonathan Minerick from HomeCoin.com

Listing sold by Olivia Dunham from SD Homes