Email: info@prestigeauction.com
Call Us: 877-612-8494
7535 E Hampden Ave Denver, CO 80231
Email: info@prestigeauction.com
Call Us: 877-612-8494
Ventana Way and Hwy 78 mintues from I25 Pueblo, CO
Bid, Buy, Own 90 Acres Prime Residential Development Land
A Continuation of a Successful Master Plan Community
Absolute Auction
No Minimum BID!
LIVE Online Auction
Thursday December 16th
at 1:07pm
DON’T MISS THIS OPPORTUNITY TO BID, BUY & OWN A Unique Home in Beautiful Longmont Colorado
This charming home in Longmont, Colorado.
Auction Details:
Auction Type
Absolute Auction
Property Address:
Ventana Way and Hwy 78 minutes from I25 Pueblo, CO
Auction Location:
LIVE Online
Auction Date:
December 16, 2021 at 1:07pm
Fees & Commission
Broker CO-OP: 2.5%
Bid Deposit: $20,000
Earnest Money:
10% of total contract price
Initial Bid Incentive: 5%*
Buyers Premium: 10%
Recent appraisal of $1,570,000
Preview Dates
Stop by anytime or use the Button Below to Schedule
a Private Showing
PROPERTY HIGHLIGHTS
Get ready to BID ,BUY, AND OWN this prime residential development land located in Southwest Pueblo off of Hwy 78 and Ventana Way just a few minutes from I25. The property is the best located, large residential development site in Pueblo with entitlements and off-site infrastructure in place.
This property is comprised of 90 acres known as Ventana Filing 2 – and is a blank canvas waiting for final approval it has a wide variety of options ranging from small lots and home sizes to a more higher end luxury subdivision, the choice is yours!
VENTANA FILING 2 IS A CONTINUATION OF THE APPROVED VENTANA MASTER PLAN AND THE VERY SUCCESSFUL VENTANA FILING 1- THE MOST DESIRABLE AND ONLY LUXURY HOME COMMUNITY ON THE SOUTH SIDE OF PUEBLO.
With low inventory and high demand for housing this is your opportunity to cash in on this highly sought-after development. The first phase, Ventana Filing 1, is completely SOLD OUT with homes ranging from $400,000- $1,000,000+. Ventana Filing 2 is the second phase and has all entitlements in place through the approved master plan within the annexation agreement with the City of Pueblo. The property has kept its agricultural zoning to keep the taxes low, but the masterplan shows for residential development.
The current owner has spent countless dollars and time getting the project to its current state-including engineering, site plans, infrastructure costs for utilities, three access roads to the property, two off of Hwy 78 and a third off of Siena Dr., and even a drainage and detention structure was designed, approved and constructed to provide drainage detention for the entire property. All of these add up to saving the future owner hefty offsite costs.
The property is being offered at Absolute Auction, no minimums, no reserves selling to the Highest Bidder Regardless of Price!! With a recent appraisal of $1,570,000. It is your opportunity to CALL THE PRICE!!This will be a LIVE online auction being held on December 16th at 1:07PM. Contact or office for more details and Bidder Registration Documents.
Pueblo Colorado is ripe and ready for development. As Denver continues to grow and property values soar the population is pouring into areas such as Pueblo. Pueblo is only 75 miles South of Denver and just minutes from Colorado Springs. Home values in Pueblo have increased by almost 50% over the last 5 years, and the market continues to grow.
After 27 years of developing 1,500+ residential sites across the Pueblo area, the current developer has created a special legacy within the history of the Pueblo and is now ready to pass the torch to the next eager land developer. The current developer will work with the new owner to help through the approval process. The Current developer has years of experience in working with the City of Pueblo and is here to help!!
The property is divided into 2 parcels;
The first parcel: is roughly 70 acres, annexed to the city to be zoned for residential housing. This parcel sits just West of the drainage parcel, next to Ventana Filing 1. The developer has drawn up many different possible configurations in which the land could be developed; Whether you are looking to build more numerous houses with smaller lot sizes, or large luxurious estates, this land is your blank canvas. All utilities are to the property and ready to be extended; Fiber internet, public water, sewer, power, and gas lines are all stubbed to the property.
The second parcel: is a 20-Acre Drainage parcel, which sits in the area in between the existing Ventana Filing #1 Subdivision, and the platted development area – Ventana Filing #2. This parcel serves as a drainage area for the surrounding subdivisions. Within this parcel is a dedicated Park parcel which an irrigated field has been completed with free water provided by the Board of Water Works. This has satisfied the required land contribution for Park space. This parcel is included in the sale and is currently planned to be deeded to the City of Pueblo for them to maintain as open space.
Included in sale is an off-site well, located in Ventana Filing #1.
NOW is your opportunity to come in and reap the rewards of the current developer’s hard work, and to become the future of a long development legacy!!
At- A- Glance
Recent appraisal of $1,570,000
70 acres for residential, 20 acres for drainage
- Public Sewer & Water - Stubbed
- Electric -Stubbed
- Fiber Internet- Stubbed
- Gas-Stubbed
- Cell Service
- Drainage and Detention structure was designed, approved, and constructed to provide drainage detention for the entire property.
Initial Bid Incentive:
The Seller is Offering a 5% Initial Bid Incentive: To register you are required to submit an initial bid. By placing a written initial bid at least 24 hours prior to the live auction. Seller to rebate 5% of the initial bid to winning bidder at Closing and will appear on the Closing Statement. Rebate does not include any bids placed at the auction or any bids over the initial bid. Opening bids do not constitute a contract nor commencement of the auction. Once initial bids have been placed and the auction has commenced all bids are binding and constitute a contract per the terms set herein.
Location:
Located in an area with low inventory and high demand for housing.
Growing community:
This is a continuation of the prestigious Ventana 1 subdivision- that is completely SOLD OUT with homes ranging from $400,000- $1,000,000+.
Save Time & Money: Site plan, engineering, drainage and more have been complete, saving the new owner in hefty costs.
Massive Potential: Home values in Pueblo have increased by almost 50% over the last 5 years, and the market continues to grow.
90 Acres in Pueblo Colorado!
Bidding Begins December 16th at 1:07pm
All property measurements are approximate. All information on this website was delivered from sources believed to be correct, but not guaranteed. It is the buyer’s responsibility to verify all property specifications prior to the auction date. Prestige Real Estate Auction, LLC is an agent of the seller. Announcements take precedence over printed materials. Not available to residents of any state in which this real estate is not in compliance with the real estate laws or other laws of that state.
For Complete Terms & Conditions, go to the Property Information Packet on this website.
Pueblo Colorado
With 300 days of sunshine annually and a consistently mild climate, Pueblo is a great place to enjoy everything Colorado has to offer. Pueblo is Colorado’s most historic and culturally diverse city that boasts year-round outdoor activities, a variety dining options, and has one out of the12 designated creative arts districts in the state. Located 75 miles South of Denver and just minutes from Colorado Springs, Pueblo is growing quickly as Denver's population increases. With the growth in the area Pueblo has seen home values increase by almost 50% in the last 5 years, while still being a more affordable option when compared to most of Denver. Besides gorgeous landscape, amazing events and great food, Colorado State University-Pueblo offers amazing academic programs and athletic opportunities.
TIME UNTIL THE AUCTION
CONTACT
Janelle Karas
Janelle Karas commenced her Real Estate career in 1989 in “list and sell” Real Estate, and has been involved in the mortgage industry, real estate development and investing. Since June 2002, Janelle has worked exclusively in the Real Estate Auction industry and has successfully sold hundreds of properties in the Western United States via auction.
Real Estate Auctioneer
TERMS & CONDITIONS
Property Address:
Ventana Way and Hwy 78 Minutes from I25 Pueblo, CO
Absolute Auction:
No Minimums, No Reserves
Bidders Registration:
All prospective buyers must register to bid. An initial deposit of $20,000in the form of a cashier’s check or wire transfer payable to United Country Real Estate-Prestige Auction, LLC will be required to bid at the auction along with a signed Terms and Conditions, Property Information Package Receipt and Bidder Registration Card and Initial Bid Form. The $20000 deposit will be immediately returned in the event the bidder is unsuccessful. (Please call for wire instructions). Registration documents and initial deposits by wire transfer only need to be received in our office 48 hours prior to auction.
Initial Bid Incentive:
To register you are required to submit an initial bid. By placing a written initial bid at least 24 hours prior to the live auction. Seller to rebate 5% of the initial bid to winning bidder at closing and will appear on the Closing Statement. Rebate does not include any bids placed at the auction or any bids over the initial bid. Opening bids do not constitute a contract nor commencement of the auction. Once initial bids have been placed and the auction has commenced all bids are binding and constitute a contract per the terms set here. Initial Bids do not constitute a contract nor commencement of the auction.
.
Buyer’s Premium:
A 10% Buyer’s Premium will be added to final bid and included in total Contract Price.
Earnest Money Deposit:
10% non-refundable earnest money deposit will be due immediately after being declared the winning-bidder. The remainder of the earnest money deposit (above the initial deposit) can be paid by check or wire transfer. Wire transfers must post within 24 hours after being declared the winning-bidder. This amount will be applied to the purchase price and will be deposited in the brokers escrow account.
Purchase Contract:
Winning bidder hereby agrees to enter into an Auction Buy/Sell Contract to Purchase the property immediately upon being declared the Winning -Bidder by the Auctioneer.
For on-line bidders:
Upon the close of the auction the winning -bidder will be forwarded via email an Auction Buy/Sell Contract to Purchase the
property for electronic signature. Purchase Contract must be signed and returned, along with earnest money deposit,within than 24 hours from being declared the winning-bidder or will forfeit their initial deposit.
Phone and On-line Bidding:
Phone and On-line bidding is available. Registration must be completed prior to the auction. All terms will apply as if you were participating at the auction in person. Wire transfer of the$20000 will be required. Please contact Auction Company for full details.
Closing:
The remaining balance of the Contract Price is due in cash or new loan at closing within 30 days of the close of the auction. A Special Warranty Deed will be supplied by the seller at the seller’s expense giving marketable title subject to restrictions of record. Taxes & Homeowner’s Association fees are pro-rated. Title insurance will be at the buyer’s expense.
No Financing Contingency:
By participating in this auction, bidders hereby agree that their bid shall NOT be subject to the bidder’s ability to obtain financing and there are no financing contingencies. We encourage you to
have a full written approval before bidding. The balance is due in cash or new loan at closing within 30 days.
Bidder Information Package:
A Package of information has been assembled for this property and may include disclosures, title documentation, HOA Docs surveys, inspection reports, etc.
Property Previews:
Public Previews are scheduled on specific dates and times. It is highly recommended that all bidders personally inspect the property prior to placing any bids in the auction. Property inspections are the sole responsibility of the bidders.
Prepaid Items:
Buyer to pay Seller, at time of closing, for prepaid fees in the amount of $127,125 as referenced in Exhibit B to the Subdivision Improvement Agreement, of Ventana Filing #1, and attached to the Auction Buy/Sell Contract. Funds are being held in an in an interest -bearing escrow account with the City's Director of Finance for the construction and completion of curb and gutter, city standard sidewalk, and asphalt paving on Siena drive west of Ventana Circle (in accordance with the construction plans and specifications approved by the Director of Public Works) within the Subdivision.
Upon completion and acceptance by the City of the improvements described in subsection C (of Improvement Agreement)the funds in the escrow account will be released and delivered to the
person or entity that completed the improvements.
Conduct of Auction
Conduct of auction and bidding increments are at the discretion of United Country Real Estate Prestige Auction, LLC. United Country Real Estate-Prestige Auction, LLC reserves the right to deny any
person admittance to the auction.
Broker Participation
Invited United Country Prestige Auction is offering a 2.5% Broker CO-OP to the broker that brings the successful high bidder. Brokers must register their buyer 48 hours in advance subject to established United Country Real Estate-Prestige Auction, LLC guidelines. Contact our office for more information 877-612-8494.
Disclaimer:
All information provided is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. Information is subject to change without notice. Real estate is being sold "As-Is, Where-Is" with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to bidding. All information is deemed reliable but not guaranteed-you must do your own due diligence.
Disclaimer:
Prospective buyer’s submission of registration documents does not constitute commencement of the auction or aguarantee that the auction for all or any of the property will occur. The auction will formally commence when the auctioneer places first bid whether live, webinar or online. Seller and/or auction company has the right to extend the auction date and/or
withdrawal any or all the property prior to commencement of the auction. Seller has the right to accept or reject any offers to purchase all or any of the property prior to
commencement of the auction. Upon commencement of the auction property will sell to the highest bidder including Buyer’s Premium Regardless of Price
Prestige Real Estate Auction
7535 E Hampden Ave
Denver, CO 80231
Phone: 877-612-8494
Email: info@prestigeauction.com
Copyright @ Prestige Auction 2021 All Rights Reserved
