Thursday, December 13, 2012

Desert at Morrison Ranch Sells to 3 Separate Homebuilders



VIZZDA -- December 14th, 2012 -- Morrison Ranch has sold the 317-lot Phase 1 of Desert at Morrison Ranch subdivision in Mesa. The conveyance was through three separate transactions which conveyed pieces of the project to three different home builders; Pulte, Lennar and Ashton Homes. The sales price totaled $8,382,365. 

- Lennar Homes acquired 125 lots measuring 50'x115' for $2,527,464 at $404 per front foot, or $20,220 per lot. The livable setbacks are 10' front, 20' rear and 5' sides.

- Ashton Woods, a subsidiary of Great Gulf Homes based in Toronto, picked up 100 lots measuring 70'x130' for $3,407,910 at $487 per front foot, or $34,079 per lot. The livable setbacks are 15' front, 25' rear and 5' sides.

- Pulte Homes bought 92 of the lots measuring 60'x120' for $2,446,991 at $443 per front foot, or $26,597 per lot. The livable setbacks are at 10' front, 20' rear and 5' sides.

The property is located at 3136 S Sossaman Rd, or the southwest corner of Sossman and Guadalupe Roads. The current status of the site is unimproved agricultural land and was platted earlier this month for the 317 lot project. Morrison Ranch was historically a piece of the +2000 Morrison Family agribusiness operation.


By:
Daniel Alpers
Director of Planning and Municipal Projects
Vizzda.com

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