Families and Builders…here's a great opportunity to build your dream home on 1 of 6 lots in a private setting abutting 20+ acres of open space. Six lots are available for single family residential development. Each lot is approximately 12,000 sqft (150’ x 80’) so they are ideal for a large custom home with a 3-car garage and yard space for entertaining. The lots are conveniently located in a highly desirable neighborhood in central South Hill, Pierce County. The civil engineering is complete and the site development process is the next step. The purchaser of each lot will be required to pay 1/6th of the site development cost including sales tax. The permit, utility, and other fees assessed by government are the responsibility of the owner of each lot. To protect your investment and to insure a transparent and timely site development process, each lot owner must become a member of a registered LLC and a HOA. These are the only known grouping of large lots “on-market” in a 40-mile radius. The on-market price range for a “finished" single lot is $145K to $160K. The listed price for each unfinished lot is $65K. The estimated site development cost is $60K per lot not including tax, utility connection fees and county assessments. The site development must be completed by December 5, 2020. The lots abut a high quality gated community to the east. Utilities gas (PSE), electric (Tacoma), and CenturyLink services are already onsite serving an existing 1,500 sqft shop/garage (to be removed). Water connection (Tacoma Water) is at the northern property line and the sewer capacity is approved with a connection just 125' away. The project is vested for a private shared access driveway so concrete curb, gutter and sidewalks are not required. The HOA will maintain the access road. Consider buying two or more lots…live in one home and generate income by leasing the second. You must demonstrate your ability to pay/finance both the purchase of the lot(s) and the site development costs. I will not hold or finance your purchase and development expenses. If you are already working with a realtor we can discuss the option of a negotiated sales commission. You are welcome to check out the parcel at 13314 78th Ave E 98373 but please contact me first so that you are not reported for trespass. Dana at 253.363.0861
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
