We all know that land can be much more difficult to obtain financing on, especially with current lending guidelines.  With just 10% down, you do not need a bank to capture a great piece of land in Fountain Hills.  Here is a sample of the terms for one of the parcels which is offered at $249,000.

10% Down – $24,900

Payment – $1,650.31 @ 8% Interest Rate (P & I)

2 year balloon note

The other parcel is offered at $259,000 and adjoins the other parcel and is also offering terms.  Of course both can be purchased with cash or traditional financing if you prefer.  The parcel offered at $259,000 is just over 1 acre on a hillside with amazing views.  The other parcel is .87 acres and offers similar views.  Both of these parcels are located in the Fountain Hills subdivision of Eagle Ridge.

Whether you are interested in holding to build your dream home or you just want to own for an investment, land has always been a good investment.  Even in times like these, land tends to hold its value more than some homes as there is not as much quality inventory.  Comparable lots to these in Eagle Ridge were selling for over $400,000 in ‘05 and ‘06.  Similar parcels in Sunridge Canyon were selling for over $350,000.

If you aren’t not familiar with Fountain Hills, I encourage you to research.  It is just East of Scottsdale and is know for its small town charm and spectacular views.  It is also home to the world’s tallest fountain.

If you have questions about these lots or would like more information, please do not hesitate to call me at 480-201-4185 or drop me an email.

~ Kim

Ready To Sell You Your Slice Of The Arizona Sunshine!