Property Details
- Time to Build
- N/A
- State
- Texas
- County
- Liberty
- City
- Liberty
- GPS
- 29.934047386461, -94.7536370964126
- Curent Zoning
- Unrestricted Residential - Mobile Home Or RV Allowed
- General Elevation
- 16 feet
- Taxes
- $988 per year
- Conveyance
- Warranty Deed
- Sewer
- Septic system needed
- Parcel Size (in acres)
- 2.67 acres
- Zip
- 77575
- Title Info
- Patricia Williamson
- Access
- County Road 133
- Terrain
- Flat, grassy, wooded
- HOA Fees
- N/A
- Power
- Near the road, provided by Entergy
- Water
- Water well, water delivery service, or rainwater collection system needed
- Phone
- Cellular
Transaction Details
| Total Transaction Purchase Price (including closing costs): | $32,500 |
| Anticipated Sale Price: | $65,000 (opinion of local agent we work with) |
| Anticipated Transaction Completion Time (cash in to cash out for equity partner): | 90-120 days |
| Escrow or Notary Acquisition? | Escrow |
| Escrow or Notary Sale? | Escrow |
| Percent of Funding from Partner Required: | 100% |
| Equity Partner Profit Split: | 50/50% |
| Anticipated Budget: | $65,000 (sale price) - 30,500 (property cost) - 2,000 (survey cost) - 4,000 (closing costs x 2) - 3,900 (6% agent fee) = 24,600 profit. Funding partner receives 12,300 plus return of capital |
| Miscellaneous Option 1: | The property will be listed with an agent who lives in the area. |
| Miscellaneous Option 2: | The title company is requiring a survey (estimated cost $2,000). The Funding Goal of $34,500 includes closing and survey costs. |
