Black Diamond Park Block 3 Lot 1

Important Documents:

Black Diamond Park Covenants
Black Diamond Park Plat Map

Location & Utilities:
• WHERE IS THE PROPERTY LOCATED?
This scenic property is approximately 1 mile west of Walsenburg, Colorado, 49 miles south of Pueblo, Colorado, and 92 miles south of Colorado Springs, Colorado.

• WHAT IMPROVEMENTS HAVE BEEN MADE?
This property has been professionally surveyed. All corners have been staked and pinned. Unmaintained dirt mountain roads have been established for access to all existing lots. Note: For road maintenance, please see covenants.

• WHAT ABOUT UTILITIES?
The Developer has constructed underground electrical transmission lines at its sole cost and expense to a street boundary corner to all lots within the subdivision without additional charge to the purchaser. Electricity is provided with a $100.00 deposit by San Isabel Electric Association, Inc. PO Box 892, Pueblo, CO 81002. Rates for service are regulated by the Public Utilities Commission of the State of Colorado. Approximate cost to extend underground transmission lines within the lot boundaries is $9.00 per linear foot. Underground telephone service has been extended to one corner of each lot in the subdivision at no further charge to the purchaser. Telephone service is provided to the subdivision by Qwest Communications, 1005 17th Street, Denver, CO 80203. Cost to extend underground telephone transmission lines within the boundaries of each lot is approximately $4.50 per linear foot. Natural Gas is not available in the subdivision. Propane is available from San Isabel Propane Gas Service, 1930 East Street, Trinidad, CO 81089. Water supply is provided by the City of Walsenburg with 8 inch underground water mains. The water system is state of the art and completed, and has been accepted for ownership and maintenance by The City of Walsenburg. Each Black Diamond Park Home site within the subdivision has one 3⁄4 inch water tap installed to the property. There is a one time tap fee, currently $4,000 to the city of Walsenburg, payable at the time of water hook up. Sewage disposal will be by individual on site systems such as septic tanks and leach fields. A specific approval for individual septic disposal systems has been received from the Las Animas – Huerfano Counties Health Department, 119 e 5th Street, Walsenburg, CO 81089. Prior to obtaining a permit you must have a percolation test made on your lot by a person authorized to do so by the district health department. The cost of a permit is $450.00 and includes the percolation test. Compete septic and leach field systems are currently costing approximately $3,500 in the area.

• WHAT WILL THE ROAD SURFACE BE LIKE?
Maintained county road frontage to the property entrance and unmaintained dirt mountain roads to existing lots.

Financing:
• WHAT IS THE MINIMUM DOWN PAYMENT AMOUNT TO PURCHASE AND ARE THERE CLOSING COSTS?
A minimum of $199 down payment is required for purchase. Closing costs are currently a nominal $199.00 for us to prepare all of the legal documents required for the contract for deed. Note: Our Basic Package ($199 Down) only applies to properties up to $49,999.

• IF I FINANCE THE PROPERTY, TO WHOM DO I MAKE MY PAYMENTS AND HOW WILL I KNOW I HAVE RECEIVED PROPER CREDIT FOR MY PAYMENTS?
We do not do credit checks and you are instantly qualified to purchase. We have our own in-house financing available. Your payments will be made to Classic Country Land, LLC. You can choose to make your monthly payments online on our Make A Payment portal or sign up for Autopay. Note: There is an $18 monthly servicing fee on all contracts; this fee can be waived if the buyer elects easy monthly automated payments.

• MAY I USE THE LAND WHILE I’M PAYING FOR IT AND WHEN DO I RECEIVE A DEED TO MY PROPERTY?
Yes, beginning the very day you sign the purchase contract, the land is yours to use and enjoy. You will receive your Warranty Deed once you pay off your property.

• IS THERE A PENALTY FOR PAYING OFF MY LAND EARLY?
There is absolutely no prepayment penalty. Your monthly payment is applied to your account balance using simple interest on the unpaid balance. All extra monthly payments will be applied directly to the principal. All extra payments will directly lower your balance, reducing the overall interest you pay on your purchase.

• DOES A BUYER HAVE TO BUILD A HOUSE WITHIN A CERTAIN TIME FRAME?
A buyer is never obligated to a timeframe to build on their property.

• CAN I RESELL MY PROPERTY IN THE FUTURE AND MAKE A PROFIT?
While there is no guarantee of profit from any land sale, historically land prices have increased in value. We believe there are many reasons for this upward trend, including inflation, population growth, a decreasing land supply, the public’s desire for a more natural environment, the trend toward movement away from urban areas, and the increasing popularity of outdoor recreational activities.

• CAN I MAKE AN OFFER AND WHAT KINDS OF DISCOUNTS ARE AVAILABLE?
Offers are discouraged as the properties are priced for immediate sale under our “No Haggle” pricing policy. Discounts are based on the finance plan that you choose.

• WHY ARE SOME PROPERTIES MORE EXPENSIVE THAN OTHERS?
The properties have been priced according to our “A B C” analysis and consideration of the proximity of the parcels to existing electricity. “A B C” stands for Access, Beauty, and Character. In other words, how good, quick, or easy is the access to the property from the main highway or county road. The beauty of the property mainly pertains to the vegetation and scenery. The character of the property refers mainly to its topography, for example: Is the parcel flat, rolling, steep, etc.

Elevation & Weather:
• WHAT IS THE AVERAGE ELEVATION OF THE PROPERTY?
The average elevation is approximately 6,047 feet.

• WHAT IS THE AVERAGE TEMPERATURE THROUGHOUT THE YEAR?

Zoning & Taxes:
• WHAT IS THE PROPERTY ZONED AND WHAT ARE THE PROPERTY TAXES FOR A PARCEL?
The zoning allows Residential/Recreational. The approximate annual property taxes are less than $200 per acre per year and are current.