Powered by:  

Want to sell your overseas property?
Want to advertise your holiday home to rent to 40 million possible renters.
Contact us on info@myoverseasproperty.ie


Property for sale information

 
Land With Planning Permission for £4,000 per 1/4 of acre  
Reference nr: JO816511
Description:

Horseshoe Bend is about 9000 acres of golf and lake resort with many residential communities all nestled in the foothills of the Ozark Mountains of North Central Arkansas. The city's current population is 2400 residents, and it benefits from a great many features.

As a property owner, you will gain access to two golf courses (one championship - the Ladies PGA is hosting a tournament right now); three large lakes with fantastic bass and other fishing, a marina with boating and water-skiing; tennis courts; swimming pools; miniature golf course, many parks, the Strawberry River, and much more.

Horseshoe Bend has its own full-time police force, a fire department, medical services, petrol stations, shopping, restaurants, health spa with indoor pool, civic centre, library, an airstip, churches, a post office, and everything you would find in a typical American community.

The community began as a retirement resort in the 1960s. However, it now enjoys two and three generations of family involvement. It offers a relaxing, safe and economical lifestyle where taxes are low, spirits are high, and the benefits endless. Horseshoe Bend has been recognised to be one of the safest towns in the country.

ILWP firmly believes that an investment in Horseshoe Bend is a wise and profitable venture. Buying now, whilst the prices are relatively low, enables you to participate in the growth of this community, and enjoy the associated increases in value.

Covenants and Restrictions

There is no time limit requiring you to build on your plot by a certain date. The land can remain vacant for as long as you wish. When a property is built it must be a maximum of two storeys high and consist of a minimum area of approximately 1,000 sq ft.

Tax Information

There are two taxes that are payable on an ongoing basis after the purchase of a plot: Real Estate Tax and an Improvement District Assessment. The Tax is payable annually in arrears and the Assessment payable in advance. The latest date for payment of both is 10th October every year. At the present time the Assessment is roughly $100 per year and the real estate tax is $15-$17 per year for a plot only (i.e. no house). If the Tax or the Assessment is not paid then the property can be foreclosed. There is no obligation on the tax charger to send out a notice; it simply becomes payable.

As an additional service, ILWP will contact you in September of each year to remind you of the final date for payment of the taxes.

Title Insurance

Title insurance is principally a product developed and sold in the United States as a result of the deficiency of the US land records. It is standard practice whenever buying land or property anywhere in the United States to take out a title insurance policy. It protects an owner's financial interest in property against loss due to any title defect by reimbursing the insured for the actual monetary loss suffered, up to the dollar amount of insurance provided by the policy. The cost of title insurance is currently offering free of charge as an introductory offer to all MyOverseasProperty.ie clients.

Features:
Golf
Submission Date:
10-15-2008
Last Update:
12-10-2008
Advertiser Details:


Name:
John Andrews

Company:
Investment Land With Planning Limited

Phone:
0844 2250111
Fax:

Mobile:

 
Property Photo Gallery

 

Example of a house built on the plots

Pool on one of the plots

Picture

Pic from a house on one of the plots

Example of a house built on the plots

Example of a house built on the plots

Example of a house built on the plots

Pic from a house on one of the plots

Example of a house built on the plots

Example of a house built on the plots

Example of a house built on the plots

property photo

property photo

property photo

property photo

property photo

property photo

property photo
 
Calculators

 
Property price: €5,135
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations