LGI Homes closes on more finished lots in South Buckeye for $3.63 million

LGI Homes

By: Daniel Benson |  Belfiore Real Estate Consulting

LGI Homes

LGI Homes has added to its South Buckeye finished lot inventory with its latest purchase at Crystal Vista.  According to public record (click here to view the affidavit), LGI closed on 83 – 53’x115 and 38 – 58’x120’ finished lots for $3,630,000 ($30,000 per lot / $550 per weighted average front foot).  The deal closed July 31, 2014 and the seller in the transaction was Metro CV 300 LLC (Harvard Investments).  Crystal Vista is located just south of the southwest corner of Broadway and Apache Roads in Buckeye.

Metro CV 300 LLC originally closed on these lots as part of a larger transaction that closed back on December 23, 2010.  According to public record (click here to view the affidavit), Metro CV closed on 300 finished lots (101 – 50’x115’ / 83 – 53’x115’ / 116 – 58’x120’) for $2,200,000 ($7,333 per lot / $136 per weighted average front foot).

 


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