This property is approved for 28 residential building lots (20,005 SF - 30,294 SF lots). Price includes $268K worth of fees that have been paid for by the Seller to all necessary entities for approvals, including engineering and surveying, Hooper Irrigation Impact and Inclusion Fee ($161K), soils testing, city fees, and preliminary construction (pipe relocated). Price also includes the 14.5 shares of Hooper Irrigation Water (estimated value of $280K) that has been surrendered to the water company to serve the subdivision. All documentation necessary to obtain the approvals has been attached to the listing, including but not limited to: utility will-serve letters (Dominion Energy, Rocky Mountain Power, Hooper Irrigation, Hooper Water Improvement District), construction drawings, engineer's estimates, soils reports, etc. Price is equivalent to $105,375K per paper lot. The buyer is responsible for all the bonding and improvements required by Hooper city. The property is being sold in as-is condition. Land measurements are approx. please refer to county recorded map and/or engineered drawings for exact lengths.
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Source:
Utah Real Estate
Date | Days Ago | Event | New Price |
---|---|---|---|
Aug 2, 2024 | 1 mo ago | Price decreased150,000 (5%) | $2,800,000 |
Aug 22, 2023 | 1 yr ago | Price decreased270,000 (8%) | $2,950,000 |
May 31, 2023 | 1 yr ago | New on market | $3,220,000 |