Lopez
Carr 115 Km 8.7 Bo Calvache Rincón, PR 00677
Puerto Rico
Details
| Area | Isabela |
| Sub Area | Corchado (Barrio) |
| State/Province | Isabela |
| Country | Puerto Rico |
| Price | $119,900 |
| Rental Price | $2,000/Month |
| Property Type | House |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Floor Space | 1200 Square Feet |
| Lot Size | 47002.00 m² |
| Year Built | 2000 |
| Parking | 100 Spaces, In Line |
| MLS® # | 65979 |
APPROXIMATELY 39.23 CUERDAS IN ISABELA FOR $119,900 This property is probably not for everyone. It is not for someone looking for a small lot, a turnkey residence, or an ordinary real estate purchase. However, for the buyer who recognizes value, thinks long-term, and understands how difficult it is to find nearly 39.23 cuerdas with existing access, a mixed-construction residence, and an exceptionally private natural setting, this may be the opportunity they have been waiting for. Located in the Planas/Charcas area of Isabela, the property contains approximately 154,204.61 square meters, equivalent to nearly 39.23 cuerdas. It includes a two-level residential structure built with concrete and wood that requires repairs, improvements, and rehabilitation. According to information provided by the seller, the property was appraised at approximately $304,000 in 2018, when real estate market values were considerably lower. It is now being offered for only $119,900, representing an approximate 60.6% reduction from that prior appraisal. A price difference of this magnitude is not common. It is certainly not normal. The property may offer potential for investment, agriculture, conservation, a private residence, an ecological project, lodging, villas, a family retreat, or an agritourism concept, subject to the buyer’s independent evaluation of permits, infrastructure, access, topography, and development feasibility. Waiting too long may not be the best strategy. A property of this size, at this price, may attract attention quickly. The next owner does not need to know exactly what they will develop on day one. They only need to understand how difficult it may be to find another property of this magnitude for $119,900. Now or never. Once this opportunity closes, there may not be another comparable property waiting at the same price. Price: $119,900 Property is being sold AS IS. Approximate land area is subject to survey and independent verification. The 2018 appraisal and all other information must be independently verified by the buyer. Proof of funds or a mortgage prequalification letter is required before scheduling showings. All offers remain subject to the seller’s final acceptance..
Listed by Universal Properties Realty
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