40 acres off-grid in NW Colorado-SOLD FOR $49K

Unfortunately this project hasn't been funded on time!

Property Details

  • Time to Build
    none
  • State
    Colorado
  • County
    Moffat
  • City
    Craig
  • GPS
    40.888567, -107.479844
  • Curent Zoning
    Ag
  • General Elevation
    7100
  • Taxes
    $15.98
  • Conveyance
    Warranty Deed
  • Sewer
    none
  • Parcel Size (in acres)
    40.51
  • Zip
    81625
  • Title Info
    Two owners, husband and wife, ready to sell
  • Access
    1) Road off County Rd 70 with culvert shared with neighbor 2) Easement crossing properties to the east to access high portion of the property
  • Terrain
    Flat area near Willow Creek, rises 300' to the relatively level middle of the property.
  • HOA Fees
    N/A
  • Power
    none
  • Water
    none
  • Phone
    Mobile phone signal = yes

Transaction Details

Total Transaction Purchase Price (including closing costs): $Approximately 26,000 (Need revised number from title for a hold-open title policy should be somewhat less than this)
Anticipated Sale Price: $40,000-50,000
Anticipated Transaction Completion Time (cash in to cash out for equity partner): Assuming 10 months to be conservative
Escrow or Notary Acquisition? Escrow
Escrow or Notary Sale? Escrow
Percent of Funding from Partner Required: 100%
Equity Partner Profit Split: 50/50%
Anticipated Budget: $45,000 - 25,000 = 20,000 After 10% commission and ~2k in closing costs, net profit 13,500 split 50/50

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