Property Details
- Time to Build
- N/A
- State
- Texas
- County
- Burleson
- City
- Somerville
- GPS
- 30.352659, -96.577299
- Curent Zoning
- Residential - unrestricted, mobile home and RV allowed
- General Elevation
- 272 feet
- Taxes
- $287 per year
- Conveyance
- Warranty Deed
- Sewer
- Provided by Undine Texas LLC
- Parcel Size (in acres)
- 0.32 acres
- Zip
- 77879
- Title Info
- Ramirez, Andres LTC
- Access
- Via Apache Drive
- Terrain
- Flat, grassy, with some trees
- HOA Fees
- N/A
- Power
- Provided by Bluebonnet Electric Cooperative
- Water
- Provided by Undine Texas LLC
- Phone
- Cellular
Transaction Details
| Total Transaction Purchase Price (including closing costs): | $22,734 |
| Anticipated Sale Price: | $45,000 |
| 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: | $45,000 (sale price) - 20,734 (property cost) - 4,000 (closing cost x2) - 2,700 (6% agent fee) = 17,566 profit. Funding partner receives 8,783 |
| Miscellaneous Option 1: | The property will be listed with an agent in the area that we have previously worked with. The opinion of the agent is that this property be listed for $50,000. |
