Hard Money Loans in Modoc County: “Where the West Still Lives”
Modoc County encompasses a piece of the true American West at the converging borders of California, Nevada, and Oregon, where wildlife and forests are rugged and brilliantly colored, and the skies are open wide. With a hard money loan from Socotra Capital, Modoc County can also be the home of your new residential or mixed-use development. One of Modoc County’s nicknames is “The Last Best Place”—a statement that really captures the thrilling possibilities, natural beauty, and untapped potential of this part of California.
The Beauty of the Modoc County Real Estate Market
Because of its remote location and large expanses of land that are federally owned by commissions like the National Park Service and Bureau of Indian Affairs, Modoc County remains sparsely populated and offers shockingly low real estate prices, especially when one considers the beauty of the region. In fact, Alturas is the only city in Modoc County. A look at Alturas’ recent sales prices provides a good overview of the general market in the county. For the period of July to October 2015, the average price per square foot in Alturas was an impressively low $63. That was up 8.6% from the same time the previous year, but the area still remains extraordinarily affordable. Median home sales prices are also stunningly low, at $8,250 for the period of July to October 2015.1
Essentially, this is an untapped market with extraordinary beauty and potential. The area boasts not only some of California’s most untouched flora and fauna, it also offers a fairly mild climate through much of the year, making it an ideal vacation or residential destination. The Modoc County Wildlife Refuge is one such draw, attracting nature enthusiasts and photographers to explore the wet meadows and steppes adjacent to the Great Basin. Serving as a wetland habitat for such elegant fowl as the sandhill crane, the refuge is truly a California treasure.
With every top-dollar real estate market, whether it’s Aspen, Malibu, or Big Sur, there was an investor that first spotted the area’s potential and made it known to the world. Modoc County is your chance to be that visionary developer in a new market, whether it’s through building vacation homes or permanent residences at a very affordable initial investment.
Join the Modoc County Market with a Hard Money Loan from Socotra Capital
Socotra Capital provides hard money loans for real estate investments in California’s gorgeous Modoc County. The pioneering spirit still lives amidst this treasured natural landscape, offering amazing value to investors. We see the exciting potential in this virtually untapped market, and we can help you set your development vision in motion with quick approval on a hard money loan. Don’t let this opportunity pass you by—investment is within your reach.
Socotra Capital is California’s premier hard money lender for your real estate investment needs. Contact us today to get started on your quick approval!
- “Alturas Real-Estate Market Overview.” Real Estate Overview for Alturas, CA. Accessed November 10, 2015. ↩