DRAPER HORSE PROPERTY: PRICE REDUCTION OF $100,000! Various development scenarios by many interested parties have been disallowed by the city. Code restrictions will NOT permit two homes due to setback requirements, access, parcel size, and other zoning and development considerations along 1300 East. Trustee commissioned a residential appraisal that has just come in at $450,000 for MLS #1607924. Effective immediately (7/15/19), that is the new price: $450,000. This listing is comprised of two parcels: a 2,632 sqft rambler on .43 acre (ID 28-33-153-062) plus the .47 acre vacant parcel to the rear/east of the home (ID 28-33-153-075) for a total of .90 acre. To inform all, and to save possible buyer and agent lost time, inconvenience and disappointment: (1) Trustee will not consider offers subject-to-sale of buyer's existing residence; (2) Per Draper City, a buyer can ONLY do one of the following ... live in and/or remodel the existing home OR remove the existing home and construct a new home on the .90 acre parcel. The city will NOT permit two homes on the .90 acre parcel. No offer will be considered subject to the city approving such an approach. (Many have tried, many have failed: it is a moot point.) A nominal but prudent Due Diligence period would apply, and a 'token' Earnest Money deposit amount will likely not be acceptable to the Trustee.
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