PROPERTY PRIMARILY TO BUILD NEW CUSTOM HOME. Custom-home area of Lake Mathews, zoned for horses. Property value of 2.44 acres reflected in lot's private location. Buyer may live in existing manufactured home while building new home as zoning allows two homes on a lot. Horse and hiking trails in area. Property has 12 fruit trees. First picture of area only, property has no lake view at elevation of 2,000 feet. Property approximately 7 minutes to Lake Mathews (no public access). Road fees $440 a year. 75-yr. land lease being sold converts to fee title when current subdivision map in process is recorded. When map recorded a $70,000 fee is due and can be financed with no increase in seller-proposed monthly payments. Seller will finance balance of purchase price after 25% down payment at 6% annual interest rate over 30 years (APR 6%) with payment of $1,459 a month. Further financing details available from seller. Sales price reduced $100,000 if seller leases back existing home.
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