Developers dream

Property Description

 

Located in the rapidly developing Cucanama Bajo section of Vilcabamba, just 6 minutes drive from town sits 9 deeded lots along with a beautiful home.  The lots themselves offer unique views and privacy, great proximity to town, water and good access.

 

The 9 titles total well over 6 hectares (over 15 acres) – meaning each lot is spacious with plenty of space for multiple homes, pool, garage, gardens/orchard etc.

 

The tastefully designed and expertly built 130m2, 2br/2ba house takes full advantage of the spectacular views and features; a large wrap around covered patio, hardwood floors and cabinetry, high cathedral ceilings, arched windows, lots of light, entire corner doors to patio open for full air flow through, beautiful large bathrooms including en-suite master and much more.

 

The thought, planning and execution that went into the entire project are exemplary.

 

The roads are built correctly, the boundaries of the lots all make sense – maximizing views and privacy, the entire property is set up for proper drainage, and there are walking trails throughout.

 

While all these characteristics make the property an amazing place to live, the true value is in the price.

 

Fair market value for the 9 lots is over $500,000.  The seller, in order to sell the entire packet quickly is listing at $338,000.  This insures that by buying this property you immediately walk into a $160,000+ profit by simply selling the properties individually.

 

This is a great investment or for a developer who wants to build out the lots and sell houses.  The profit is already locked in upon purchase. 

 

Another option is to sell the 8 without houses lots for around $350,000 and keep the house for free.

Ref. LOJVIL59

Property Data

 

Asking Price: $338.000

Location: Cucanama, Vilcabamba, Loja, Ecuador

Google maps link: https://goo.gl/maps/9yisKDpT8NzhggucA

( -4.261444, -79.257278)

Property Size: 63459.91m2 (15.6 acres)

Construction Size: 130m2, (1399 ft2)

Population: 5,000 (Parroquia)

Altitude (town): 1,525 m (5,000 ft.)

Altitude (property): 1,690m (5543 ft)

Distance to Airport (Catamayo): 1 hour and 20 minutes

Distance to Loja: 42 km (26 mi) - 54 minutes

Annual precipitation (Vilcabamba): 770mm (27.5 in)*

Total annual property taxes: $146,06

* Much of Southern Ecuador experiences a rainy and a dry season. The dry season is approximately June through September, while the rainy season is approximately October through May.

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