Deer Creek Subdivision
FAQs

What exactly is a "pre-finished" lot?

A pre-finished lot in Deer Creek means the raw land has been fully entitled and is ready for building. OSP will complete all the horizontal development improvements, including underground utilities (water, sewer, gas, electric, communication lines), paved streets, curbs, and sidewalks, before the final lot sale closes.

How can I reserve a pre-finished lot in Deer Creek Subdivision?

You can reserve a lot by contacting OConnor Street Properties (OSP) directly or you can reserve a Lot by going online to the OSP website and reserve your Lot using our interactive Site Map and we will be contact you to confirm your deposit and reservation to purchase a Lot. After selecting an available lot, you will sign a purchase agreement and submit the required deposit into escrow with our Title Co. representitive at; Title Company of the Rockies, in Grand Junction.

Is there a minimum number of lots that need to be pre-sold?

Yes, OSP must reach a minimum threshold of 13 to 14 pre-finished lot sales to proceed with funding the construction of the subdivision’s infrastructure. (The final number of Lots to be pre-sold will be established by OSP)

When is my deposit at risk?

Your deposit remains fully protected in escrow until the minimum pre-sale threshold is met. If OSP does not reach this threshold, your deposit and any funds held will be fully refunded. Your deposit will apply towards the final purchase price of the Lot at the Close of Escrow.

What guarantees are in place to protect my purchase?

OSP owns all lots free and clear with no liens, loans, or encumbrances. Buyers are in first position on their lot purchase.

When will escrow officially close?

Escrow closes only after all horizontal improvements are completed, approved by the City, and the final plat map is recorded with the County, and each lot assigned has been assigned it’s own legal description and APN (assessors parcel number).

What happens if the development is delayed?

If any significant delay occurs before meeting the sales threshold or completing improvements, your purchase funds will remain safely in escrow, or be refunded if project milestones are not achieved within an mutually agreed timeframe for the completion for those improvements and the City of Grand Junction has signed off and approved the subdivision improvements. (Also see FAQ- When will Escrow officially close).

How long will construction of the horizontal improvements take?

OSP anticipates horizontal improvements (utilities, streets, sidewalks) will take approximately 3 to 5 months once construction begins, and depending on missed days due to weather delays.

Can I buy multiple lots?

Yes, builders and buyers are welcome to purchase multiple lots, subject to availability and pre-approval by OSP.

Are there any financing options available for lot purchases?

At this time, all lot purchases through the builder pre-sale program are cash purchases held in escrow. Buyers may arrange their own financing separately if needed.

When will the lots be available to the general public?

Lots will be opened for sale to the general public after the initial builder pre-sale phase is completed and construction milestones have been met.

Are there architectural guidelines or CC&Rs (Covenants, Conditions & Restrictions) and a HOA for Deer Creek?

Yes, to maintain the quality and character of Deer Creek, a basic architectural guidelines and CC&Rs will be in place. Also a HOA (Home Owners Association) legal document has been executed for Deer Creek as well. Details will be available during the lot purchase process.

Can I use my own builder to build my home?

Yes, after purchasing your lot, and after all the development improvements are completed, you are free to choose your own builder. However, OSP has trusted relationships and affiliate programs with select local builders that we highly recommend and we can introduce to you them.

What are the lot sizes at Deer Creek?

Lot sizes range from approximately 7,200 sq ft to over 13,500 sq ft, providing a variety of options for different home designs and lifestyle needs. See the interactive Site Map for more Lot infoormation such as dimensions, square footage size etc.

How close is Deer Creek to Grand Junction amenities?

Deer Creek offers easy access to St. Mary’s Regional Hospital, Mesa College, Grand Junction Airport, restaurants, shopping malls, and downtown main street in Grand Junction. Interstate I-70 is also conveniently nearby.

Who can I contact for more information or to get started?

Please contact OSP directly or go to www.oconnorstreet.com for more information and updated lot availability, pricing, terms and conditions and request a copy of a sample purchase agreement, and escrow instructions.

Who can purchase these pre-finished lots?

Initially,OSP is offering a limited number of these lots directly to local home builders. Following this initial phase, any remaining lots will be available to individual buyers looking to build their custom homes.

How do I express interest in purchasing a lot?

Builders can contact OSP directly via phone or email to discuss available lots and express their interest. Builders may also go online to OSP’s website and reserve their Lot purchase using the Interactive Site Map that allows for registering and placing a deposit request on a specific Lot. Individual buyers will be able to inquire once the initial builder phase is complete.

What is the process for reserving a lot?

Once you identify a lot you wish to purchase, a reservation agreement will be provided. A deposit will be required to hold the lot for a specified period, typically 7 days, allowing you time for further due diligence.

Is the deposit refundable?

Yes, the initial deposit is refundable within the 7-day reservation period if you decide not to proceed with the purchase.

When does the actual purchase of the lot occur?

The final purchase and closing of the lot will take place after all horizontal development improvements have been completed by the General Contractor, sub-Contractors and the subdivision has been approved by the City of Grand Junction, and the final Plat Map has been recorded with the City and County and APN# have been assigned
by the County assessors office. Then the Lot sale will close Escrow after all of those those activities have occurred.

When is my purchase money due?

For the initial builder phase, deposit funds are due upon signing the reservation agreement. The remaining purchase funds will be due prior to the final closing, once all development.

How will the funds from my purchase be used?

Funds from the initial builder lot sales will be held in escrow and will only be released to OSP once a minimum number of lots have been pre-sold to builders. These funds will then be used to finance all of the the horizontal development improvements for Deer Creek along with all City planning, agency fees, and building fees for the Deer Creek Subdivision.

What happens if the minimum number of builder lot sales isn't met?

In the event that OSP does not meet the minimum required number of pre-finished lot sales within a mutually agreed timeframe between Buyer and OSP to fund all of the improvements, all deposits and purchase proceeds held in escrow will be fully refunded to the participating Builders or Buyers.

Will I have clear title to my lot?

Yes, upon final closing of Escrow, you will receive a Grant Deed, transferring clear and marketable title to your purchased lot, free and clear of any encumbrances. There is no existing debt or loans on the Deer Creek Lots, Buyers of the Lots will be in a first position on the land during construction of the development improvements.

When can I begin building on my lot?

Construction can commence once you have officially closed Escrow on the purchase of your Lot and you have obtained the necessary building permits from the City of Grand Junction’s Building Dept.

What are the lot sizes and dimensions in Deer Creek?

Deer Creek offers premium residential lots ranging in size from 7,200 sq ft to over 13,500 sq ft. Specific dimensions for each available lot can be found on our interactive site map at www.oconnorstreet.com for more info on the individual Lots and additional purchase details.

What amenities are nearby the Deer Creek Subdivision?

Deer Creek offers convenient access to a wide range of amenities, including Downtown Grand Junction, St. Mary’s Regional Hospital, Mesa College, Grand Junction Airport, various restaurants, shopping malls, and direct access to Interstate I-70.

Does OSP have preferred builders I can work with?

While OSP is currently focused on land development, we have established relationships and affiliate programs with a few select local home builders known for their quality and craftsmanship. We are happy to make introductions to these vetted builders for prospective homeowners who wish to build their dream home in Deer Creek.

Can OSP offer any additional assurances for my purchase?

Yes, to provide added security for our builder partners, OSP can offer
clean title to your purchased Lot, free and clear of any encumbrances. There is no existing debt or loans on the Deer Creek Lots, Buyers of the Lots will be in a first position on the land.

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