8757 N 87th Street, Longmont, CO, 80503

This is a unique opportunity for a homeowner or investor to purchase a luxury home at a price hundred of thousands of dollars below the price of similar neighboring homes. Home is offered by developer who has acquired the home and surrounding 3.5 acres parcel and intends to develop the parcel into additional luxury home lots. To facilitate the immediate sale of the existing upgraded 5,300 sqft home, the developer is offering the home as IMPROVEMENTS ONLY, together with a ground lease on .66 acre of the overall 3.5 acre lot, with an option to purchase the 0.66 acre lot at recording of subdivision plat. See photos and documents for .66 acre lot and proposed future 3.5 acre luxury subdivision plat. Upon successful subdivision of the 3.5 acre parcel, the 0.66 acre ground lease area will be converted into a legal lot and the buyer shall have the option to buy the lot. Seller attorney will provide ground lease agreement. When approved, the property will be upgraded to standard of future prop