Property Details
- Time to Build
- 0
- State
- California
- County
- Mono
- City
- Coleville
- GPS
- 38.5823006371386,-119.448235697494
- Curent Zoning
- NA, Land Use RM 40 (Resource Management)
- General Elevation
- 6100
- Taxes
- $current though this year's due next month
- Conveyance
- Deed
- Sewer
- unsure
- Parcel Size (in acres)
- 40 each
- Zip
- 96107
- Title Info
- Topaz Partners LLC TITLE TO THE PROPERTIES ARE IN THE NAME OF TOPAZ PARTNERSHIP, LLC . THE MANAGING PARTNER OF TPLLC WILL BE SIGNING ON BEHALF OF THE PARTNERSHIP.
- Access
- Dirt Road
- Terrain
- Hilly,
- HOA Fees
- no
- Power
- unsure
- Water
- unsure
- Phone
- unsure
Transaction Details
| Total Transaction Purchase Price (including closing costs): | $11000 (I'm wiling to pay closing costs) |
| Anticipated Sale Price: | $30,000 |
| Anticipated Transaction Completion Time (cash in to cash out for equity partner): | 3 months |
| Escrow or Notary Acquisition? | Notary Acquisition |
| Escrow or Notary Sale? | Escrow |
| Percent of Funding from Partner Required: | 100% |
| Equity Partner Profit Split: | 50/50% |
| Anticipated Budget: | $30K - 10k = 20k. 10k, 10k |
| Miscellaneous Option 1: | ALL TAXES ARE PAID AND CURRENT. ALL PARCELS ARE FREE AND CLEAR. ALL FOUR PROPERTIES ARE ENCUMBERED BY A RESERVED PRODUCTION ROYALTY. HUGHES TOOL CO / SUMMA CORP (Howard Hughes) OWNED THE PROPERTY AT ONE TIME AND WHEN THE PROPERTIES WERE CONVEYED TO HOUSTON OIL & MINERALS (1970's) HUGHES TOOL CO / SUMMA CORP RESERVED AN OVERRIDING PRODUCTION ROYALTY OF 2% NSR ON THE PRODUCTION OF PRECIOUS AND BASE METALS FROM THE PROPERTIES. THESE TWO PARCELS HAVE A VERY LIMITED HISTORY OF EXPLORATION DATING FROM THE LATE 1800's INTO THE EARLY 1900's AND AGAIN IN THE 1960's. ALL MINIMAL POTENTIAL HAZARDS RESULTING FROM THAT EXPLORATION HAVE BEEN REMEDIATED ON ALL FOUR PARCELS |
