The Villas at Sterling Village Lot Sale
11145 South 530 West
South Jordan, Utah 84095
801-253-2151
Nine Premium Lots Available
Three of the lots are corner lots
Already existing community
The Villas at Sterling Village is a successful community approximately 70% built out
Unbelievable location
Five Minutes to I-15, South Towne Center, Mulligans golf course, LDS Jordan River Temple
Maximum Return on Investment
CCR's permit minimum
2,400 total square feet; 1,200 finished square feet
Price
$85,000 per lot
Seller finance available (see below)
Seller and Lender will consider all offers
January 2010 appraisal: $98,000 per lot
Seller Financing Package for Available Lots in The Villas at Sterling Village, South Jordan, Utah
- Selling Price of 9 Lots - $85,000.00 X 9 = $765,000.00
- Buyer Down Payment - $65,000.00
- Principal Balance of $700,000.00 will be amortized over 10 years at 6.5% with a 5 year balloon payment
- The monthly payment will be $7,948.36
- The 5 year balloon payment will be $406,229.95
Title Transfer
Title to the lots would be transfered from Sterling Gold to the buyer in exchange for a note for $700,000, and a security interest in the lots which would be a second deed of trust. The bank, of course, would retain the first deed of trust.
Lot Release Provision for Buyer
A lot of choice will be released to the buyer each time there is an $80,000 principal reduction on the note.
