0.51 Acre Unrestricted Lot In Chambers County TX – Buy For 17k, Sell For 42k

This project has already been successfully funded. New opportunities are added regularly.

Property Details

  • Time to Build
  • State
  • County
  • City
  • GPS
    29.655193926071025, -94.65623302815554
  • Curent Zoning
    Unrestricted - Mobile Home Or RV Allowed
  • General Elevation
    8 feet
  • Taxes
    $491.40 per year
  • Conveyance
    Warranty Deed
  • Sewer
    Septic system needed
  • Parcel Size (in acres)
    0.51 acres - Note: Chambers County CAD shows the lot as a 1 acre lot, but it is approx. 0.51 acres. A survey has been ordered.
  • Zip
  • Title Info
    James Mills
  • Access
    Legal easement/driveway
  • Terrain
    Flat, grassy, wooded
  • HOA Fees
  • Power
    Yes, near the road
  • Water
    Yes, near the road
  • Phone

Transaction Details

Total Transaction Purchase Price (including closing costs): $17,000
Anticipated Sale Price: $45,000 (price opinion of local agent)
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: $42,000 (sale price) - 17,000 (property cost + survey cost) - 4,000 (closing costs x 2) - 2,520 (6% agent fee) = 18,480 profit. Funding Partner Receives: 9,240
Miscellaneous Option 1: The property will be listed with an agent who lives in the area. The opinion of the agent is that this property be listed for $45,000.

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