HONEY RUN ROAD 18.33 ACRES

POSSIBLE THREE-WAY SPLIT-PLUS

SALE/TRADE/TERMS/OPTION/JOINT VENTURE

All trades located anywhere in California will be considered for all or portions of the18.33 acres.

85% financing available under certain conditions.

Free/clear unimproved 18.33 acres. Assessor map shows 15.5 acres because the 18.33-acre survey was not recorded. Zoning is 5-acre minimum. All land division requirements (i.e. perk tests, etc.) appear to be satisfied for a three-way lot split except for 60-ft right of way.

There are nine (9) properties (shown below) that touches this 18.33 acres. Eight (8) of them have Honey Run Road frontage potentially providing access. Adding all or portions of the 18.33 acres to one or more of the nine (9) adjacent properties is a distinct opportunity that soon may no longer be available. Two or more of the neighbors may want to consider getting together to acquire some or all of the 18.33 acres. Access is not needed if all of the 18.33 acres is transferred to one or more of the nine (9) adjacent neighbors. WHEN OPPORTUNITY KNOCKS, SOME PEOPLE OPEN THE DOOR WHILE OTHERS DO NOTHING!!!

Two of the nine (9) [1 & 8 below] need more acreage (2.793 total acres) for each to produce one extra 5-acre homesite from a split. The 18.33 acres can provide them this acreage and still have 15.537 acres remaining to produce three 5-acre homesites. Providing them the acreage they need to produce two extra $90,000 lots ($180,000 total value) is worth at least $75,000. Adding this to the value of three 5-acre lots [($90,000 each) X 3 = $270,000] equals $345,000. (*) $205,000 is very reasonable especially if terms are provided or a trade.

Lookout Point is adjacent to the 18.33 acres and fronts on the Skyway. The 18.33 acres can provide Lookout Point leach area for a sewage disposal system that it does not appear to have. The 18.33 acres can also save them approximately $20,000 in drilling costs since the 18.33 acres is approximately 800 feet closer to water.

Since 1992 there have been 4 sales of the eight (8) access properties. One is currently "For Sale". It is just a matter of time before the 18.33 acres or remaining portions receives access or all or portions are sold. After excess 3.33 acres are transferred to neighbors, these opportunities may be gone forever. Seller will not transfer portions unless access is reserved for the remaining portion.

The three 5-acre homesites produced from the 18.33 acres would be secluded, private and elevated providing breath taking views of Castle Rock and less noise from Honey Run Road traffic. For these reasons they would be more desirable (worth more) than parcels fronting on Honey Run Road of the same size. Imagine yourself with an ice tea relaxing on the balcony of your brand new custom built home enjoying the privacy, seclusion, breath taking views, peace and quiet. All three parcels will have a first class paved road off Honey Run Rd.

1. AP# 011-260-015 (14.907 acres) needs .093 acres to produce a possible third 5-acre parcel.
2. AP# 011-260-006
3. AP# 011-260-008
4. AP# 011-260-019
5. AP# 011-260-020
6. AP# 011-260-005 and AP# 011-260-001
7. AP# 011-250-044
8. AP# 011-250-043 (7.3 acres) needs 2.7 acres to produce a possible second 5-acre parcel.
9. Lookout Point fronts on the Skyway

Seller will consider trading one or two 5-acre homesites or CASH for one of the eight Honey Run Rd frontage properties. Seller will consider a lot line adjustment and transfer of acreage or CASH for an easement. Please submit all Win-Win ideas. NOTHING VENTURED NOTHING GAINED!!!!! Considering all the options, it is free & clear with only $425 annual tax payments, there is little pressure to do anything that is unreasonable.

David M. Hector, California licensed real estate broker.

Principals only please.