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Old 02-28-2011, 07:50 AM
 
Location: Sacramento Mtns of NM
4,280 posts, read 9,102,316 times
Reputation: 3737

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There is an article in the El Paso Times today concerning undeveloped properties owned by thousands of people in the El Paso area - specifically Horizon and Mountain Shadow Estates:

http://www.elpasotimes.com/news/ci_17498314

Quote:
Land once valued at $1,000, is now appraised at a mere $2. According to the El Paso County Central Appraisal District, most of these lots are valued at $10 per acre. This is the value for undeveloped lots with no infrastructure.
And for those reading this who are continuing to be taxed and charged Home Owner Assoc fees on worthless properties:
Quote:
Jurado (Horizon HOA representative) estimated it would take no more than 20 years to see a difference in the development.
As for those lot owners who no longer want their lots, Jurado offered a solution.
"If members do not want their lots, then they can deed it back to us," she said. "The association will take a loss, but if we can attain these lots and put them toward our lot assembly program then we have a greater chance at attracting commercial developers."
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Old 02-28-2011, 08:05 AM
 
47,525 posts, read 69,426,048 times
Reputation: 22471
For the developers to pretend to want to help, there must be a good possibility that the land will soon be very valuable. This town is spreading eastward very fast.
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Old 09-21-2011, 11:13 AM
 
1 posts, read 4,642 times
Reputation: 10
similiar situation. husband dying - i wasn't around when property bought in mountain shadow estates #13 83&84. Delinquent taxes of over $600. Does anyone know if anything has happened since article in 2010. I don't want suit placed on us but that is what city attorneys letter states. Any info greatly appreciated.
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Old 10-02-2011, 07:18 PM
 
Location: Rockport Texas from El Paso
2,602 posts, read 8,490,717 times
Reputation: 1606
Malamute they said the same thing 40 years ago -you better rush and go buy some because soon those desert lots will be Main Street. lol
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Old 10-09-2018, 04:47 PM
 
2 posts, read 5,391 times
Reputation: 12
Most of these threads and comments were made over 8 years ago. It is now 2018 and I have 2 lots in mountain shadow estates. There must be some kind of growth. I heard that most of the soldiers from the Iraq area war zone returned to Fort Bliss, El Paso, TX. Does anyone have info on the growth toward our lands?
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