Terra Nativa subdivision...

[Nate Hananger]

So I am an out-of-state investor and Boise was on my radar recently. Several lots were in negotiations until my due diligence informed me of a local problem - the Terra Nativa subdivision settlement from sliding land tearing homes apart. 

I can’t find any news besides articles from over a year ago, when the settlement was reached. It was a mere $250K split between multiple homeowners who had to abandon their homes. 

I looked on Zillow and some listings are still for sale in that area. Others sold recently. I’m waiting to hear from the realtors about those to see if they’ll bring up the settlement or just assume I‘m a naive buyer. 

Anyone dealt with property in that area? Are all of the homes scheduled for demolition with no future building plans being considered? If that’s the case, why are the current owners keeping their listings active? 

Also, does anyone know what the zoning code A-1 is? I couldn’t find it anywhere in the zoning code index. 

[Lee G.]

Terra Nativa is a high-end subdivision. The city, highway district, developer and engineers and owners have all settled and the homes that were at risk have been removed along with the street that failed. There are still a couple of lots for sale in other parts of the subdivision but any potential buyer should conduct a geotechnical review prior to closing on anything there. I wouldn't necessarily be afraid of buying something there if I had a good geo-tech. 

A-1 zoning is open space, park or agriculture. 

Hope this helps.