0 Argonauta St, Carlsbad, CA 92009

Property Description

Unbelievable price for this estate lot on one of the last remaining building sites in La Costa w/180 degree unobstructable panoramic ocean and mountain views- no powerlines! Located in a quiet prestigious multimillion-dollar neighborhood close to the world famous La Costa Resort, the beach and regional airport. Perfect lot to build your dream home or a high end custom spec home. Easy conventional land & construction financing with only 20% down. 20% Down Land and Construction Loan Details:MUTUAL OF OMAHA BANK CONSTRUCTION TO PERMANENT MORTGAGE General Procedures This is a true "One-Time-Close" loan program designed to finance the construction of a primary residence or second home. The loan includes financing for both the construction and permanent loan in one closing. This saves the client dual loan fees and the worry of having to re-qualify for a permanent loan after the home is completed. LOAN PARAMETERS Loan Type: Custom Construction of an Owner Occupied SFR or Second Home Loan Term: Construction period of either 12 or 18 months of the total loan term of up to 30 years Maximum LTV: 80% -LTV is based on Appraised Value or the Total Acquisition Cost, whichever is less -Total Acquisition Cost is defined as the total fixed price construction contract plus the purchase price of the lot (or appraised value of the lot if owned for more than 12 months), plus borrowers closing costs. -If a contingency fund is required by underwriting, it will be added to Total Acquisition Cost for the purposes of calculating LTV and funds required to close. GENERAL PROPERTY REQUIREMENTS Power -- must be available at lot boundary Water/Well -- public water must be available at lot boundary. If public water is not available, a developed well is required on site prior to closing Sewer/Septic -- Public sewer must be available at lot boundary. If property requires a septic system an approved septic system has not been installed, an approved septic system must be approved prior to closing. A...