Unit 5 Lots Finished

I own a few lots around the cul de sac, eight total in the finished area. The lots where I'm standing are very much higher than the rest and have wonderful views.

I own a few lots around the cul de sac — eight total in the finished area. The finished lots where I’m standing are very much higher than the rest and have wonderful views. I’ll bet the rock wall, which is HOA property, will fill with Tumbleweeds & Desert Broom. Wonder how many dump-truck-loads are under my feet? (Prior majority lot owners said they dumped 10,000 loads of dirt on Unit 5.)

Lots in the SW corner of Unit 5 were finished sometime before September 23rd, 2013 when I went out and inspected my Unit 2 lots prior to cleaning them up. I looked through my emails and blog posts, looks like I never told anyone about this!?

Also, November 1st, when I paid property taxes, I went to Recorder’s office and verified that Russo sold 51 lots in Units 5 & 2 to DR Horton for 33,600/lot (corrected in posts below). Two of those lots sold to DR Horton (in Unit 2) belonged to the prior majority lot owners (Tucson Acquisition and Development Corporation, which is being sued for securities fraud involving this subdivision), online Recorder’s/Assessor’s records show they (prior majority lot owners) sold two lots to NT Properties for $70k, which doesn’t make sense. According to those same records, one of Russo’s shell companies, PRD Investments sold six lots to NT Properties for $180,000 = $30k/lot.

Looks like a Fishhook Barrel Cactus tagged on Unit 5

Unit 5 looking SW, March 2003 with tagged barrel cactus.

As you know, Russo has offered me and another Unit 2 lot owner $20k-$25k/Unit 2 lot so he can turn around and sell them for $33,600. I also told Russo several months ago of two Unit 2 lots for sale for $15k/ea, they were free and clear of liens. I could have bought them but knew I could not sell them. Russo bought them and did not thank me for the tip.

Advertisements
Image | This entry was posted in Uncategorized and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s