Otter Rd. & Woodgate Rd. Montrose, Colorado. Residential Development Information Packet

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1 Estates at Stone Ridge Otter Rd. & Woodgate Rd. Residential Development Information Packet John Renfrow * Joey Huskey Renfrow Realty Member of: Rocky Mountain Commercial Brokers Information deemed reliable, but not guaranteed and should be verified. Rev D Page 1

2 Executive Summary Stone Ridge Residential Development Ground Otter Rd & Woodgate Rd. *MONTROSE, Colorado* $1,995, acre Development at Otter Rd & Woodgate! 34.5 acres MOL zoned R-2 2&R3 R-3 in the city of Montrose. Development includes 90 lots; Phase 1 includes 26 final platted/finished lots and 4 outlots totaling 28 acres MOL for future development. Utilities are run to lot lines; 3 water taps included in purchase. HOA to be set up; 35.4 shares irrigation water. Property is located across from Cottonwood Elementary in booming south corridor. Excellent investment/development potential. Located next to River Landing and Oxbow Crossing, just south of Target, JC Penny s, and Wal-Mart on Townsend/Highway 550. Gorgeous views of the San Juan Range. Property is sold As-Is, Where-Is with no guarantee, representation, or warranty. Contact John Renfrow or Joey Huskey at (970) Page 2

3 Parcel Map 24 hour Supercenter Subject property p ( Lots not included in sale.) City of Montrose Montrose County Signalized Interchange Future Signalized Interchange Page 3

4 Aerial Photo Subject property ( Lots not included in sale.) Page 4

5 Directions to Property Driving Directions to Estates at Stone Ridge Estates at Stone Ridge Starting from Renfrow Realty Office at 1832 South Townsend Ave., Montrose, CO Office number (970) Page 5

6 Final Plat Phase 1 Final Plat Phase 1 Del-Mont Consultants, Inc. (970) /05/2006 ( Lots not included in sale.) Page 6

7 Map of Vicinity 24 hour Supercenter Golf Community Ute Indian Museum Subject property ( Lots not included in sale.) Cottonwood Elementary Page 7

8 Montrose County Assessor Property Account Detail* Owner Name RADC/CADC PROPERTY XI LLC Account Detail Owner Information Owner Address 4601 COLLEGE BLVD STE 300 LEAWOOD, KS Lot #Legal Description Parcel # Acres 2013 Taxes* 14 Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 14 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 57 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 58 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 59 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 60 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 61 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 62 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 63 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 64 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 65 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 66 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 67 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 68 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 69 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 70 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 71 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 72 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 73 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 74 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 75 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 76 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 77 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 82 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 90 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 91 S: 4 T: 48 R: $ Subd: ESTATES AT STONE RIDGE FILING NO 1 THE Lot: 92 S: 4 T: 48 R: $ Outlot A Subd: ESTATES AT STONE RIDGE FILING NO 1 THE OUTLOTS A B C AND D S: 4 T: 48 R: $ 26, TOTALS $ 38, *For more information please contact the Montrose County Assessor at (970) Page 8

9 City of Montrose Zoning Map R-3 Subject property is partially zoned R-2 Low Density District and partially zoned R-3 Medium Density District in the City of Montrose Zoning Regulations for R-2 and R-3 on following page For more information call the City of Montrose (970) ( Lots not included in sale.) Page 9

10 Zoning Breakdown* R-2 Low Density District Zoning Breakdown* R-3 Medium Density District 4-4-6: "R-2" LOW DENSITY DISTRICT (A) Intent: The R-2" Low Density District is intended to provide a quiet, low density development for single family residences. Environmental protection is provided by allowing only single family residences along with certain other compatible land uses. (B) Uses by Right: (1) Single family homes. (2) Public utility service facilities. (3) Government buildings and facilities. (4) Parks and recreation facilities owned or operated by a homeowners association. (5) Accessory uses. (C) Conditional Uses: Churches : "R-3" MEDIUM DENSITY DISTRICT (A) Intent: The R-3" Medium Density District is intended to provide an area which is suitable for single family homes and duplexes. The District provides for other uses which are compatible with such uses. (B) Uses by Right: (1) Single family homes and duplexes. (2) Public utility service facilities. (3) Government buildings and facilities. (4) Parks and recreation facilities owned or operated by a homeowners association. (5) Churches. h (6) Accessory uses. (C) Conditional Uses: (1) Child care facilities which have no more than twelve (12) children present at any time on the premises or which are located upon church premises. (2) Nursing homes for the aged, invalid, ill, or mentally impaired excluding homes for patients with a primary diagnosis of mental illness. (3) Multiple family residences. (4) Bed and breakfast operations operated solely by the residents of a lot of at least six thousand two hundred fifty (6,250) square feet providing no more than two (2) bedrooms for rent in the dwelling unit, and the only meal provided on the premises shall be breakfast to the renters. (Ord. 1391, ) * Taken from City of Montrose Zoning Regulations Oct Page 10

11 Aerial Fly-over of Vicinity 24 hour Supercenter Ute Indian Museum Subject property (approximate location) Page 11

12 Photographs All fire hydrants are installed Streets and curbs are installed and have been dedicated di d to the City of Montrose Page 12

13 General Information UTILITIES ARE RUN TO LOT LINES Water: City of Montrose (970) water taps are included in purchase Sewer: City of Montrose (970) Electricity: DMEA (970) Phone: Qwest (800) Natural Gas: SourceGas (800) Cable: Bresnan (877) Irrigation Water : Uncompahgre Valley Water Users Association (970) Shares 2013 dues - $1, Will be managed by HOA SUBDIVISION IMPROVEMENTS $3,000 per lot/outlot tl t SID due to City of Montrose at closing City of Montrose Planning (970) Plat Note #7 A fee of $3, to cover the cost of constructing Otter Rd. and associated improvements shall be collected at the time of the sale of each lot, or division of real property having a unique legal description located in all filings and phases of the Estates at Stone Ridge Subdivision. Said fee shall be collected at closing, and remitted to the City of Montrose in good funds in compliance with Colorado law. Documents Available Phase 1 Final Plat Del-Mont Consultants, t Inc. (970) /05/2006 Draft of CC&Rs Not yet filed Manages Irrigation Water, Common Area Original Appraisal B&B Appraisal Inc. (970) Dec 8, 2006 Prior to subdivision Soils Report Lambert & Associates (970) June 23, 2004 Project # M04103GE Page 13

14 Highway & Road Accesses Subject property Delta (~24 miles), Grand Junction (~64 miles) Gunnison (~67 miles), Crested Butte (~96 miles) Ridgway (~24 miles), Ouray (~35 miles), Silverton (~56 miles), Telluride (~57 miles) Page 14

15 Recap Property Price per Property Acreage Listing Price Acre Estates at Stone Ridge $1,995,000 $57,826 Excellent Residential Development potential Zoned R-2 & R-3 in the City of Montrose Great location on South Townsend / Hwy 550 in booming south corridor Development includes 90 lots total 26 Final Platted Lots 28 acres MOL for future development Utilities are run to lot lines Roads are in 35.4 shares of UVWUA irrigation water Magnificent views of the San Juan Mountains Property is sold As-Is, Where-Is with no guarantee, representation, or warranty. Contact John Renfrow or Joey Huskey at (970) Page 15