Beautiful 2.03 acre lot in an amazing area, approx 1 hour south of Tucson.
I am holding many properties here in my retirement portfolio.
I know this area well...it is rare to find properties of this quality and size in this area.
The lot is on a paved road. power and water are at lot line.
The property is located above the valley and has amazing views to all directions.
Physical address is 297 Camino Arenosa, Rio Rico AZ 85648
Free and clear marketable title is guaranteed, and all taxes are paid up to date.
Good schools, restaurants, banks, supermarkets... all within 10 minutes of the property.
Here's A Short Recap About The Area:
Rio Rico is a planned community located in Santa Cruz County, 57 miles south of Tucson and 12 miles north of Mexico. The community's 39,000 acres roll gently down from the Santa Rita Mountains through the San Cayetano Foothills westward to the Santa Cruz River. The area around and including Rio Rico was once part of a tract of the “Baca Float”, a tract of approximately 100,000 acres granted by the U. S. Congress to the heirs of Luis Maria Baca as the result of an early, unclear grant from the Spanish government.
The community had its beginnings in 1969 and continues to grow at a steady pace. Once a sleepy border community, Rio Rico is now growing at a rapid and consistent rate of 7% annually. According to US Census figures the population in 1990 was 1,407, growing to 10,413 in the year 2,000; and now Rio Rico Utilities reports that they are extending water service to nearly 20,000 residents. In 2017, the median household income of Rio Rico residents was $48,977.
Located at an elevation of 4000 ft. gives Rio Rico a moderate climate throughout the year. Summer highs are from the 90's to low 100'S and winter, a little colder due to higher elevation, ranges from low 30's to high 60's. There are two lakes located in area. Rio Rico has an excellent school system (one high school, two middle schools, two elementary schools and one preschool). Rio Rico is approximately one hour from Tucson, one hour from Sierra Vista and 25 minutes from the Patagonia Mountains. Some of the best golf courses in southern Arizona are located in our area. Rio Rico is active in sports and houses State Champion Little League teams.
This is a great opportunity to buy a high quality property with easy owner finance - everyone qualifies. This is a high standards area - No camping in Rv's - No mobile homes.
There is NO Hoa/Poa, and no time limit to build.
Santa Cruz county Apn: 116-01-406
Picture gallery has actual pictures you can enlarge. 10 recent pictures, and 5 pics from 2006 when I bought the property.
Also see maps attached in files below.
As always, free and clear marketable title is guaranteed.
Title will be conveyed via a warranty deed upon completion of payments.
Annual taxes are $120. Again, all taxes are paid up to date.
Terms of Sale:
Purchase price has been reduced to only $7,900
To get started: A Down Payment of $250 + Closing Costs of $139 is to be paid via Paypal.
I will email the buyer a Paypal invoice upon being notified you wish to purchase this land.
Remaining balance of $7,650 financed via Contract for Deed with 4 options to choose from:
A) 12 Months with 0% interest, monthly payment of $637
B) 24 Months with 4% interest, monthly payment of $332
C) 36 Months with 5% interest, monthly payment of $229
D) 48 Months with 6% interest, monthly payment of $180
$10 per month for prepayment of property tax shall be added to monthly payment.
A contract for deed will be sent to buyer upon receipt of Down Payment and Doc Fee.
A discount of $900 and NO interest charged, for paying loan in full within 6 months.
I encourage my buyers to use the land while on contract, enjoy it, make small improvements, etc. I want to sell this land, however, I am not interested in being a "Landlord" with "Tenants"...
That being said, if your intention is to live on this land right away - then you must also pay for it in full right away - 100% use requires 100% ownership.
I need to mention this because I've had a few folks who presumptuously assumed since they paid a few hundred dollars to get into a land contract, they can now "move right in" and do as they please...sorry, but things don't work like that.
More Land Details
More Land from Didi Freiman
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