Bartlett Avenue, El Mirage
El Mirage Home For Sale
Buy this fantastic lot using a OTC (One-Time Close) Loan from our strategic partner. Low down payment option with 12-month construction financing which converts to a 30-yr mortgage, all-in-one closing! (Call/Email for more details) This 2.5AC parcel of flat/level open space land is located in an Opportunity Zone area, which offers significant tax benefits for investors who reinvest their capital gains in qualified projects. According to the IRS, Opportunity Zones provide three main tax benefits: - Temporary deferral of taxes on previously earned capital gains until December 31, 2026 or until the investment is sold or exchanged, whichever is earlier. - Step-up in basis for previously earned capital gains invested, which reduces the amount of taxable gain by 10% if held for at least 5 years and by 15% if held for at least 7 years. - Permanent exclusion of taxable income on new gains from the sale or exchange of the investment if held for at least 10 years. This parcel is ideal for investors who are looking for long-term returns and social impact. It is situated in the El Mirage Area, which has abundant natural resources and potential for economic development. The parcel sits atop the Oestre Aquifer, which can produce pristine water annually. It also has unobstructed views of the San Gabriel Mountains and is near the El Mirage Dry Lake. Moreover, it is close to a proposed site for a large biomass alternative fuel production facility, which could create jobs and revenue for the community. The parcel allows for various uses such as residential, agricultural, recreational, medical, alternative energy production and more. For more information on Opportunity Zones and their benefits, please visit https://selectsbcounty.com/major-initiatives/opportunity-zone.
Property Details
Additional Information
-
- City:
- El Mirage
-
- County:
- San Bernardino
-
- Zip:
- 92301
-
- MLS® #:
- OC21226521
-
- Lot Size:
- 2.50
-
- HOA Dues:
- $
Price Change History for Bartlett Avenue, El Mirage, (MLS® #OC21226521)
| Date | Details | Price | Change |
|---|---|---|---|
| Active | – | – | |
| Pending | – | – | |
| Active Under Contract (from Active) | – | – | |
| Price Reduced (from $36,880) | $33,880 | $3,000 (8.13%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 20th, 2024 at 9:15pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.