Hurley Ranch is located in Southwest Phoenix in the Tolleson
Area, S/SEC 91st Ave & Lower Buckeye Road. The subject lots are
all within Parcel 3, which totals 135 lots on 27.6 acres zoned R1-6.
The seller was Atreus Homes, formerly known as Homelife Communities based
in Atlanta, GA--their company webpage is presently unavailable. Atreus
previously acquired all 135 lots of Parcel 3 from Standard Pacific on February 27th, 2007 for
$7,897,500 or $1300 per front foot. Atreus put $2,047,500 down to secure the property.
The subject lots were noticed for trustee sale at the time
of D.R. Horton’s purchase, pending auction October 19th, 2012. RBC Bank USA was the
beneficiary, foreclosing on $40M LOC debt loaned February 27th, 2007. Notice was recorded
December 16th, 2011 with the auction originally set for April 12th, 2012.
By:
Paul Dionne
Director of Analytics
By:
Paul Dionne
Director of Analytics
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