FUTURE SUBDIVISION
SPLIT OFF AND SELL 2 ½ ACRES OR
JOINT VENTURE 5 CITY ACRES
SALE OR TRADE

Developers: You can use your inventory (etc.) in trade. 2,3 & possibly more homes &/or lots may be taken in trade.

Price: Call David Hector, 893-5533, to discuss price.   ZONING: R-1   LOCATION: Mariposa Ave, Chico, CA. North of East Ave. AP# 016-060-020. See map on reverse side.   OWNER: David M. Hector, etal.	Click Image For Enlargement
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COMMENTS: This property is free/clear and has subdivision maps on all four sides. Sewer, road and other services are at eastside of subject property where homes have recently been built. Around 1992 Army Corp. of Engineers inspected subject property and reported little wetlands. City says duplexes are allowed on corner lots in subdivisions zoned R-1. David Hector's 50% interest is not for sale. The individual who owns the other 50% interest is forced to sell due to health problems. He is extremely MOTIVATED. Please do not contact him. David Hector will consider joint venturing the 5 acres with someone having a track record in developing single family home subdivisions.

EXCHANGE: All trades located on the west coast considered in exchange for the 50% interest. Developers- trade your inventory. If seller does not find your non-cash property acceptable, David Hector will consider buying it if it is lesser property and he is paid a full commission (only broker). This would make your exchange work when it would not otherwise. David Hector has done this in the past and under reasonable conditions will again

APPRAISAL: Subject property was appraised by California Appraisals for $1,200,000 on Sept. 20, 2007. One of the comparable sales used in this appraisal was the 4.8 acres nearly across the street from subject property (currently building homes on it) that the appraiser represented as selling for $1,640,000 on 6/16/06.

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