hunter`s point - nampa, id golf course and subdivision for sale

HUNTER’S POINT ‐ NAMPA, ID GOLF COURSE AND SUBDIVISION FOR SALE Hunter’s Point is a planned unit development with 613 approved residential units and a 150 acre, 18 hole golf course located in Nampa, ID. 230 units have been developed into single family and estate lots and 3 are/or will be used as a part of the golf course and clubhouse. Approximately 150 lots are sold and have homes constructed in Miller’s Crossing, Herron Springs I, and Sunrise Crossing. Herron Springs II has 45 developed lots and most are owned by separate developer. PROPERTY FOR SALE: Developed lots 28 lots; Royal Ridge ‐ 6 estate lots, North Slope ‐ 22 single family lots= $30k/Lot Undeveloped Land ‐ 380 units with no changes to the PUD = $3k/Unit (520 units with increase density in PUD = $2200/unit) (57 acres = $20,000/Acre) Golf Course & Clubhouse ground Total Price LOCATION: Hunter’s Point is located on the Southwest Side of Nampa, Idaho 20 miles from Boise. $840,000 $1,140,000
$1,500,000
$3,480,000
REMARKS:  Hopkins recently gained ownership  This is one of the only residential golf course communities in Boise Valley that has golf course frontage lots available.  The project draws from Canyon County (population est. 179,000) and Ada County (population est. 373,000) and is 15 minutes from a new I‐84 interchange.  Buyer can buy: a)The development property for $1.98 Million b) The golf course property for $1.5 Million  Seller could possibly do a joint venture. For more information please contact:
Randy Hopkins, President Ph: 208-467-5467 Fax: 208-323-0667
Email: [email protected]
PROPERTY INFORMATION With 230 lots platted, there are 380 lot/units available to be developed in the remaining phases of approximately 57 acres. The subdivision is a PUD and has some flexibility for how many and what type of units are in each phase but the most current plan for the undeveloped ground from the original developer is as follows: The plan currently has 28 developed residential lots, 241 undeveloped residential lots (estate, single family, townhouse and patio home lots), a lot designed for 90 condo units, a lot designed for 48 apartments, and a 1 acre commercial pad. These lots are broken down as follows: Phase Acres Status # of Lots Style # on Golf Course Royal Ridge Phase developed lots remaining 6 lots Estate 3 North Slope Phase developed lots remaining 22 lots Single Family 14 Total: 28 Circling Raven Phase 12.5 undeveloped, preliminarily designed 67 lots Single Family 26 Elk Basin 17.3 South Slope Phase undeveloped, preliminarily designed 40 lots Townhome 0 South Basin Phase undeveloped, preliminarily designed 34 lots Patio Home 24 Monarch Phase undeveloped, preliminarily designed 15 lots Single Family 15 Lookout Basin Phase 2.6 undeveloped, preliminarily designed 31 lots Patio Home 31 The Rim Phase 14 undeveloped, preliminarily designed 54 lots 15 Patio Home 23 Estate 16 Single Family 54 Lookout Ridge Phase 6.6 undeveloped, preliminarily designed 90 units Condo 90 Circling Raven Apt 3.9 undeveloped, preliminarily designed 48 units Apartments 0 Total: 379 Circling Raven RP: 1 undeveloped Commercial Notes – the number of lots listed above for all of the undeveloped phases are estimated numbers based on the last preliminary designs provided by the original developer. Some phases may vary in actual number of lots once final plat design is completed. Herron Springs II phase has developed lots owned by another developer. *Currently there is a 1 acre lot and home in The Rim phase that is being used as the temporary clubhouse. This property is owned by Landscapes Unlimited (the golf course contractor). PLAN CHANGES AND INCREASE DENSITY: The sewer and water lines are available from Middleton Road. The least expensive option is to develop the area of Circling Raven, Circling Raven Apartments, and the Commercial lot. Additionally by increasing the number of lots to these phases a more feasible residential product could be provided to the consumer. *The area of The West Rim southwest of The Rim was not included in the original PUD but has been investigated for development by the engineers. The subdivision slopes up toward The Rim phase and it is one of the highest points in Canyon County with spectacular views of Lake Lowell and the Boise Valley. In current economic environment it may be necessary to provide more single family and patio lots versus the planned Estate lots in The Rim. We have investigated the possibility of increasing the density within this development. The open space requirements far exceed the city code and would support additional capacity. Additionally we have verified the city sewer would support an additional 140 units without any major upgrades of infrastructure. GOLF COURSE: 18 hole, 7000 yard, par 71 link style course was designed by Gene Bates with Bent Grass Fairways. The course has spectacular views of the Boise Valley – looking to the West you see Lake Lowell and to the East you have view toward Boise and Bogus Basin (the local ski resort), along with a dramatic 80 foot drop into the reclaimed gravel pit for six of the holes. Gene Bates is a nationally acclaimed golf course architect that designed Circling Raven golf course in Northern Idaho. LOCATION: Hunter’s Point is located on the Southwest Side of Nampa, Idaho 16 miles from Boise. Nampa’s population is approximately 83,000 and within the 45 minute draw area it is 605,130. REMARKS:  Foreclosure was just completed February 2012.  Clean title to everything.  Unique product as this in one of the prime development pieces in Canyon County. Note: The statements provided in this “Have Sheet” are based upon the best information available at this time and are being provided to notify you of an investment opportunity. These statements should not be relied upon as representation of fact and prospective investors should independently verify all information before deciding to invest. Hunter’s Point Conceptual Plan Hunter’s Point 22 North Slope Lots / 6 Royal Ridge Lots Hunter’s Point Golf Course