Seller Carry is often a good option for farms and land.
When is a seller carry a good idea? There are several different opportunities and situations in the real estate world where a seller carry may be the perfect solution for both buyers and sellers. Basically in a seller carry, the seller acts as the bank; rather than the buyer getting a traditional loan from a bank, they write an offer and ask the seller to carry the loan. If you are looking to buy or sell in the Coachella Valley, residential, land, farms or investment opportunities, give Kim Kelly a call at 760-285-3578.
Vacant land can be difficult to finance. Few banks want to lend money on vacant land because there aren’t homes on the property. When I take a listing for vacant land, I always ask the sellers if they would consider a “seller carry”. Often they will as long as a buyer can come up with 30-50% down, and have good credit. It can work well for a seller if they don’t need all the money at one time, and sometimes it’s a tax benefit as well. Be sure to always consult with your tax attorney or advisor before you consider this option.
Land and equestrian estates are often purchased with a seller carry
For residential properties, when a seller has paid off their home, or has alot of equity in it, sometimes they will also consider a “seller carry”. The buyer agrees to a certain amount down, with the balance either amortized, or paid off with a balloon payment at the end of the term. The buyer also pays Interest rate of course, and normally it’s just a bit higher than a traditional bank will charge. Buyers that do not have good credit, or are highly leveraged, or just won’t have the money for a certain period of time, often are good candidates for this type of situation. I’ve found that most of my seller carry’s are for either vacant land or a multi acre farm or estate. The equestrian estate in the tour below is featured at just 2.6 million.
Coachella Valley Land Values: So, we all know house sales aren’t as strong as they were last year, and certainly the year before. How is land doing in the Coachella Valley?? Interestingly enough, it’s holding it’s own. What’s the saying..”Buy Land, they aren’t making any more of it.” True, but here in the Coachella Valley, there happens to be a wide variety of land choices. Vacant Land that’ raw desert land, vacant land that’s leveled, fenced with and without utilities and water. If you are looking to buy or sell land, give Kim a call at 760-285-3578.
The price per acre varies greatly depending on which part of the valley you are looking at. North Palm Springs, and up Hwy 62 into Joshua tree and Yucca Valley has seen a dramatic increase in price/acre, but land in the high desert is still relatively cheap compared to central and Eastern Coachella Valley. Land Values anywhere near the Coachella Festival grounds are of course higher..ranging from approx. $75,000/acre to $125,000/acre for improved land, especially if it’s zoned to develop..commercial or residential. Date Farms, depending on age and quality of trees and valley location, can range from approx. $25,000/acre to approx. $65,000/acre.
Take a tour of this gorgeous 108 acre parcel in the East Valley city of Thermal. It’s made up of 5 APN’s, and has 4 water meters. Asking price is $26,000/acre. Easy access to the Fwy., gorgeous mountain views, clean tilled soil, this parcel is fabulous!
108 beautiful, clean acres in Thermal, CA. $2,850,000
Just Listed: Farmland in Thermal, CA. Five legal parcels make up this incredible opportunity. Located in Thermal, CA., Siri Ranch, is ready for it’s new owner! Listed at approx. $26,000/acre, this farm land is recently tilled and CLEAN! If you are looking to buy or sell land, equestrian properties or a residential home, give local realtor, Kim Kelly a call at 760-285-3578.
What an opportunity for approx. $26,000/acre for a total of $2,850,000!! Thermal, California has quite a bit of land that qualifies for the Opportunity Zone tax benefits.
Located on Pierce and Avenue 64 in Thermal, Sir Ranch has direct access to the paved Avenue 64, and is a short drive to Hwy 111, and Interstate 10. The farm lies approx. 7 miles from the Jacqueline Cochran Airport and also the HITS show grounds, and approx. 15 minutes to the world famous Coachella Festival grounds. Siri Ranch may potentially qualify for the Organic Certification in Jan. of 2023, and is irrigated with very reasonably priced Coachella Valley Water District irrigation water. Take a tour of this beautiful Farmland in Thermal, California, known locally as Siri Ranch..
5 Acre Equestrian Estate just 1.7 miles from Coachella Music Festival grounds
Coachella Price Reduction! My sellers are ready to SELL! 51600 Jackson St. in Coachella, CA. has been reduced $150,000, now priced at $1,499,000. The best value for a multi acre (approx. 5) site within biking distance to the Music festival/polo grounds. Gated, secure, private, sharing an entry road with only 3 other homeowners, no HOA, zoned for up to 5 horses/acre.
If you’re coming to the Coachella Music Festival, take some time to look at some smashing buys, and call local Realtor, Kim Kelly at 760-285-3578.
20 acre horse business for sale in Desert Hot Springs, CA.
Coachella Land Activity: What’s been happening or not happening in the Coachella Valley Land market? I’ve been showing Land Parcels frequently the first Q of 2019, and parcels are selling. Both Build able lots, vacant land parcels, and equestrian Farms. Residential property sales closings have decreased in the Coachella Valley, BUT homes in great locations, and priced well are still being snapped up. Pretty much the same for Land. If a sellers’ price/acre is correct, and the property offers a good location/views/improvements, it will sell. For your FREE evaluation, give Kim a call at 760-285-3578.
Equestrian business opportunity for sale in Desert Hot Springs, California. Willowbrook riding clubis located just north of the interstate 10, with the entry off of a paved two lane road, Mountain View. Approximately 20 minutes from Palm Springs, 30 minutes from the hits horse show grounds, an approximately 1.5 hours from Los Angeles. The riding club has been in business for over 20 years, and is currently a boarding/lesson/training facility. For more information about this very rare Equestrian business opportunity, call me at 760-285-3578.
Willow Brook riding club is a unique and rare opportunity, because with a zoning of W2, this approximately 20 acre property can have up to 200 horses. The conditional use permit, for an Equestrian facility and tack shop, has approximately 40 years remaining on it, making the club ripe for expansion. There are two permitted homes on the property. The main home is approximately 1550 square feet, three bedrooms and two bathrooms, built in 1988. The second permitted addition is approximately 860 square feet, and was permitted in 2002. There is natural gas to the property, a leased solar system, panoramic views, a private well, and trails!
The Equestrian amenities are extensive, and include…. Five Arenas, two with lights, and one that is covered. There are multiple barns offering box stalls, or covered pipe pens, as well as shed row barns, many with runs. Automatic water throughout. Tack rooms, wash racks, grassy turnout paddocks, two oversized grass pastures, and surrounded on three sides with BLM land. This protected land means that your views and access to open desert riding are safe. Willowbrook riding club has not been offered for sale before this, so if you are looking for any Equestrian business opportunity, watch the video below, and give me a call!
The Coachella Valley offers many equestrian options for Equestrians!
Vacation Rentals for Horses??? The Luxury Lease real estate business is HUGE here in the Coachella Valley. The Equestrian business is HUGE here in the Coachella Valley. Why not merge the two?? Well, some great entrepreneurs have captured the idea and are moving into the market. Much of our equestrian business is seasonal; horse owners haul their horses into the Valley, compete, and haul them out again. That means road trips for the horses! Looking for horse property help, give me a call at 760-285-3578.
Vista Santa Rosa offers Land & Equestrian Properties for sale, and PEACE for free!
Vista Santa Rosa; Eastern Coachella Valley. When people come to our beautiful Coachella Valley, most of them know the Desert cities named Palm Springs, La Quinta, Rancho Mirage, Palm Desert, Indian Wells, Cat City, Indio, and some even know about Thermal and Coachella in our East Valley. Vista Santa Rosa, an unincorporated area of approx. 20 sq. miles in size, is a special part of our Eastern Coachella Valley, and it is a rare occurrence that visitors know anything at all about the unincorporated Policy Area called Vista Santa Rosa.
The VSR (Vista Santa Rosa), community was recognized by the County Board of Supervisors in 2001. Community boundaries extend from Avenue 50 on the North, Monroe on the West, Harrison St. on the East, and Avenue 66 on the South. VSR is adjacent to the Cities of Thermal, Coachella, Indio and La Quinta. It is also connected via trails to Lake Cahuilla, and Torres-Martinez Tribal Lands. The area is an important producer of Date crops, and Rural Residential ad uses are prevalent, with an emphasis on Equestrian Lifestyles. (Courtesy of Co. of Riverside General Plan)
Within the Vista Santa Rosa Policy Area, the minimum Lot size in the Agricultural designation is 5 acres with 2 dwelling units/Acre, and 5 horses/acre. The Community Development Overlay area allows for conversion of farm land to other uses, with an overal density range within this overlay area of 1-3 dwelling units/acre. It is an incredibly beautiful part of our Coachella Valley, which will remain largely Equestrian and Ag, with thoughtfully approved areas of larger density developments. It is also attracting buyers! Here are examples of some of the land/Equestrian Listings available today:
Organic Date Farm grounds: Approx. $800,000 for 20 Acres to approx. $23 million for 1,483 Acres
Vista Santa Rosa Land Parcels: Range from approx. $32,000/acre for raw land to approx. $110,000/acre for farm land nearer to La Quinta.
Equestrian Homes: Hard to find! Take the tour of 51600 Jackson St. below. $1,649,000 this 5 acre farm has a custom home and guest quarters. Fixers can be found for approx. $500,000 on an acre of land to a custom estate on 20 Acres, listed at $5,9 million!
5 Acre Equestrian Estate just 1.7 miles from Coachella Music Festival grounds
51600 Jackson St., Indio, CA., $1,649,000 I rarely get a Listing that is as timely as this piece of desert Land. Season has not hit yet, and the Coachella Valley Equestrians haven’t arrived in the Valley yet. What a beautiful piece of the Desert! Desert Land parcels that are as small as this one, at approx. 5 Acres are hard to find. What sets it apart, is that there are TWO homes on it! One is a custom home built in 2008, and the other is an income producing Guest home. The LOCATION is what really makes this property a standout..approx. 1.5 miles from the Coachella Valley Music Festival! Why is that so important? Read on, then give me a call at 760-285-3578 for your personal viewing.
5 Acre Equestrian Estate just 1.7 miles from Coachella Music Festival grounds
Just Listed: 51600 Jackson St., Coachella, California. A rare, unique opportunity has come available in Coachella, California for just $1,649,000. This privately gated, completely fenced Estate is located at the end of a cul-d-sac, shared with just two other property owners. Beautiful, custom gates, sweep open to a Palm tree lined entry drive, with views over green paddocks, to the custom home sitting on an elevated site, with startling Mountain views. Such a beautiful property, and if you are thinking about owning a venue with potential Corporate Lease possibilities, this farm could be it! Call me for your private tour today. 760-285-3578.
