FH3 Lots 11-12

Last updated: 29 October 2019

One of the FH3 trustees is selling 2 5% shares. This trustee was a seed investor, has a 35% share and is selling 10% of that. It can be purchased by 1 or 2 people The personal homestead lots for these shares are located 10-15 minutes walk from the community house / community area. The asking prices for each share are listed below.

General Lot Info

The lots are 1.5 hectares (15,000 square meters, or 3.7 acres) per 5% share, or 3 hectares for the 10% share. Their approximate location is marked in red on the property map below. Stay tuned as we will post more details throughout November.

Fruit Haven 3 Community Area

Internet access will be available at the FH3 community area which is currently being developed, though internet could also be installed on the lot if desired. The FH3 property is accessible via a 20 minute motorcycle, moped, electric bike, or ATV ride on the access trail, which is scheduled to be more or less complete in November 2019. FH3 also has a beautiful waterfall with bathing pool that is 10 minutes walk from the community area.

The FH3 property has a beautiful view of the valley from some areas. It is remote and there are no traffic noises. This property is perfect for those who want to be far from modern civilization and create a permaculture homestead. There is cell phone signal on most parts of the property, but no 3G. The lots have secondary forest with a few cleared areas; it was nearly all cow pasture in the past. Terrain varies and we will have more info once we survey the lots. We will shape the lot boundaries to maximize the usable terrain. Photos and videos will be posted at that point.

Survey Video

Walking around much of Lot 11 and walking along the east side of Lot 12: https://youtu.be/JmAnoE_8OCU

Send an email to fruithaven.ecuador@gmail.com if you have any questions.

Lot 11 Details

Lot 11 will be adjacent to the southern boundary of lot 6. This lot is about 10 minutes walk from the FH3 community area. The northern part of the lot will be able to access pressurized water from main FH3 waterline (installation costs are the responsibility of the owner/buyer). The current asking price for lot 11 is $8600 plus closing costs.

Lot 12 Details

Lot 12 will be just south of (and adjacent to) lot 11. Lot 12 is 15 minutes walk from the FH3 community area. Unfortunately, it is unlikely that this lot will be able to hook up to the FH3 water system. There is a small stream running through the northern part of this lot. If you built your house near the stream, it would be possible to get gravity-powered water by running a tube up the stream. A basic system like this can cost between $400 and $1500 depending on how much volume and pressure you want. The current asking price for lot 12 is $7400 plus closing costs.

Closing Costs

The closing costs will be as follows:

$800 each if two people each purchase a 5% share at the same time (combining the closings)

$1000 each if two people each purchase a 5% share separately (this would be the case if we don't find 2 buyers at the same time, and one wants to go ahead without finding another person to reduce closing costs.)

$1300 if one person purchases the 10% share

This covers all government fees, sales taxes, registration, as well as the agent's fee for carrying out the sale. There are two things it does not necessarily cover: (1) Your signing, sending, or possible translation of the power of attorney document, as these costs can vary depending on your situation. (2) Any money transfer fees you may incur in sending the closing costs or property purchase money, including possible hidden intermediary fee that your bank or the receiver's intermediary bank may charge.

FH3 Property Development Fund

Your purchase of Lot 11 and/or 12 incurs no immediate obligation to the FH3 Property Development Fund, but after the current budget period is up in about 4 years, you should expect to pay about $50-$100 per year towards the fund in order to cover general property maintenance expenses including marking property boundaries, upkeep of the FH3 community, et cetera. The budget for this fund is proposed by any trustee or the project administrator, and approved by all FH3 owners.