Aggregate sales of $6.21 Million closed in Southwest Submarket for Tucson Home Builders from March 25-April 1, 2014

Richmond American Homes of Arizona (James Gaulin, Director of Land Acquisition) closed on 114 SFR lots at Westview Pointe for slightly more than $2.9 million ($25,458 per lot). The lots were partially complete having been started in 2000 by Red Point Development then halted in 2008; property sold with re-approval of plat needed.

Located at Ajo & Camino de Oeste, Westview Pointe has 70’x 115’ lots, and mountain vista views of the Tucson Mountains. Richmond will be building their Brittania and Thomas models here, both two-story homes to take full advantage of the views.

Gaulin told us Richmond American has 12 active communities in Tucson and he anticipates Westview to start building in June, for an August opening, along with Sycamore Canyon making 14 Richmond American communities in the Tucson area.

Dan Feig and Aaron Mendenhall of Chapman Lindsey Commercial Real Estate handled the sale for the seller while the buyer was self-represented.

Rancho Sahuarita VIII, LLC an affiliate of Sharpe & Associates (Bob Sharpe, manager) sold 65- finished SFR lots to KB Home Tucson, Inc. at The Presidios at Rancho Sahuarita for $2.86 million ($44,000 per lot). The lots are 40’x 110’ and part of the Rancho Sahuarita master planned community.

Ted Herman with Sharpe & Associates of Tucson represented the seller in the transaction.

D.R. Horton took down a final option in a rolling option for 10-finished SFR lots at Sahuarita Highlands for $446,402 ($44,640 per lot). This concluded a total of 153-SFR lots for D.R. Horton in this subdivision that started in 2013 with Red Point Development as the seller.

Home models are 2-stories ranging in size from 2,000 t0 4,000 square-feet on oversized one acre lots.

Dan Feig and Aaron Mendenhall of Chapman Lindsey Commercial Real Estate represented the seller in the transaction while buyer was self-represented.

Feig and Mendenhall at Chapman Lindsey should be contacted at (520) 747-4000. Hermann with Sharpe & Associates can be reached at (520) 299-8766.

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Sale date on Westview Point: 3/25/2014. All cash deal. Lots 1 thru 114 and Common Areas A & B Westview Pointe bk 61 pg 31. APN: 119-45-023 thru 138.

Sale date on The Presidios at Rancho Sahuarita: 4/1/2014. All cash deal. Lots 863 thru 927 The Presidios at Rancho Sahaurita bk 60 pg 25, easements, rights, benefits and obligations. APN: 305-77-863 thru 927.

Sale date on Sahaurita Highlands: 3/28/2014. All cash. Lots 20-25, 134-136 & 141 Sahuarita Highlands bk 59 pg 90. APN: 303-54-044 – 049, 158-160, & 165.

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KB Homes was down to one active subdivision, Sycamore Vista, before opening Cantabria at Rancho Valencia (located near Swan and Valencia Roads) in January of 2014 and appears to be starting to rev up in Tucson.

According to KB’s website, 5 more subdivisions are set to open this year. Two of these subdivisions, Gladden Farms (located west of I-10 in Marana) as well as Rancho Sahuarita (located east of I-19 in Sahuarita) are building model homes.

KB Homes also purchased recently La Cima Esplendora, located on the Southwest corner of Houghton and Escalante Roads.

The Real Estate Daily News reported this latest subdivision on March 4^th after KB Home Tucson purchased 57 P&E lots at the new La Cima Esplendora subdivision, 23.51 acres located on the southwest corner of Houghton Road and Escalante, for $1.6 million ($27,500 per lot). The new residential cluster project has southeast Tucson high elevation lots that provide views of Tucson from this elevation and Rincon Mountains views to the east, and $400,000 homes sold just east of this across the road from this subdivision.

Lots have engineered plans approved needing utilities to start build.

Will White with Arizona Land Advisors in Tucson represented Landmark Title Trust #18,174-T, a group of individual sellers, and the builder in this transaction.  White can be reached at (520) 514-7454.

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NORTHWEST SUBMARKET
New at Tierra Linda Nueva – D.R. Horton paid[mepr-show rules=”58038″]$160,000 ($40,000 per lot) for four finished lots in the Northwest submarket, southwest of Emigh Road and Sanders Road in Marana. This is the first takedown on an option for 48-lots from Tierra Linda Nueva, an affiliate of Estes Land and Development of Tucson (Kip Volpe, President) in a 190 SFR lot subdivision of 36,000 SF minimum lot size.

New Northwest Community for Meritage Homes of Arizona in Scottsdale. Meritage bought a 50 platted lot subdivision at Tangerine and La Cholla in Oro Valley, in the Northwest submarket, for $982,500 ($19,650 per lot). Rancho de Plata, LLC of Tucson (Yoram Levy) sold the subdivision by the same name, Rancho de Plata. Mike Carlier and Jim Vincent of the Carlier Company represented the seller in the transaction.

A.F. Sterling of Tucson (Randy Agron, VP) took down four finished lots at Tortolita Vistas for $429,800 ($107,450 per lot) for these 3/4 acre custom home sites. The transaction was part of a rolling option for a total of 34 custom home sites that began in 2011. The seller was Cottonwood Properties of Tucson (Bill Hallinan, VP).

SOUTHEAST SUBMARKET
New at Civano in the Southeast – Pepper Viner has entered into a rolling option agreement with Spectrum Capital Holdings of Tucson for 32 total lots at Civano. Eleven of the lots are in Civano I (PAD-12) and 21 lots in Civano Block 2 (PAD-6). Pepper Viner’s first takedown was for four lots, two lots in each subdivision for $175,000 ($43,750 per lot).

SOUTHWEST SUBMARKET
D.R. Horton bought three finished lots at Estancia Del Corozon in Rancho Sahuarita for $165,000 ($55,000 per lot) from Robert Spinelli. Rancho Sahuarita is south of Tucson. The three lot sizes were 80’ x 120’in size. This was a cash purchase for the builder.

WEST SUBMARKET
Willow Bridge, LLC of Tucson (Greg Anderson, managing member) bought 51 finished lots in the Silverbell Residential subdivision located is in the West submarket, at Silverbell and Goret in Marana. The cash purchase for $700,000 ($13,725 per lot) was an investment purchase. The seller was Metropolitan Housing Corporation of Tucson (Gary Bachman, CEO). Aaron Mendenhall and Dan Feig of Chapman Lindsey of Tucson negotiated the transaction and are listing agents on the lots for resale.

D.R. Horton (520) 790-6005. Volpe (520) 571-1958. Meritage Homes (877) 275-6374. Vincent (520) 548-0216 and Carlier (520) 529-3800. Feig and Mendenhall (520) 747-4000. Metropolitan (520) 795-7555. Agron (520) 577-3600. Hallinan (520) 299-8424.

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[ismember] D.R. Horton closed on the lots at Tierra Linda Nueva 5/24/2013. Land area is 174,912 SF. Subdivision is zoned SH, .93 RAC.
Pepper Viner at Civano closed on 6/12/2013. Buyer’s option at Civano I is for (11) cluster lots, zoning PAD-12; and (21) lots (85’ x 110’) in Civano Block 2, zoned PAD 6, totaling 32 lots. Totaling 28,727 SF as follows 3,846 sf; 3,573 sf; 9,350 sf; 11,9578 sf
DR Horton’s Rancho Sahuarita 3 lots sold on 6/25/2013. Land area was 29,779 SF.
Meritage Homes at Rancho de Plata closed 6/21/2013. Gross land area was 19.45 acres, net acres 18.77. All platted to 55’ lots approximately 6,000 SF lots zoned R-7.
Willow Bridge purchase was on 6/6/2013. The subdivision consists of 85 total lots on 20.16 acres. The project is a residential cluster project.
AF Sterling lots at Tortolita Vista closed on 6/27/2013.[/ismember]