Lee Road, Mount Vernon, WA 98274 - Skagit County

PUBLISHED RESERVE: $525,000

LAST ASKING: $620,000

SIZE: 52± Acres

ELEVATION: 300± Feet

ZONING: Mixed Zoning - 40± acres is zoned Rural Resource-Natural Resource Land with the remainder zoned Rural Village Residential

PROPERTY INSPECTION: At Any Time

FINANCING: Subject to Seller's approval of Purchaser's credit: A 30% down payment with the balance secured by a first deed of trust, amortized over 15 years at 6.75% interest, calling for monthly payments of principal and interest; all due and payable at the end of 5 years.

DESCRIPTION: This 52± acre residential development site is located in Skagit County on the east side of Big Lake. The city of Mount Vernon is less than 10 minutes from the property. Work is in progress to receive Skagit County approval for a 22 lot subdivision. Final agreement for service to be provided by PUD Water and Big Lake Sewer District will be required. Once this agreement is in place, it is expected that plat approval will be received within six months. Closing of this transaction will be subject to Skagit County approval of the plat. The 22 homesites will have access from Lee Road and many will have views of Big Lake.