Property Details
- Time to Build
- N/A
- State
- Texas
- County
- Atascosa
- City
- Von Ormy
- GPS
- 29.167838, -98.606766
- Curent Zoning
- Residential
- General Elevation
- 695
- Taxes
- $256 per year
- Conveyance
- Special Warranty Deed
- Sewer
- Septic system needed
- Parcel Size (in acres)
- 3
- Zip
- 78073
- Title Info
- Richard Rubesch
- Access
- Palo Alto Drive
- Terrain
- Flat, grassy, with trees
- HOA Fees
- N/A
- Power
- Electricity near the road
- Water
- Water well, water delivery service, or rainwater collection system needed
- Phone
- Cellular
Transaction Details
| Total Transaction Purchase Price (including closing costs): | $62,000 |
| Anticipated Sale Price: | $145,000 |
| 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: | 40/60 if sold within 90 days on market - or 50/50 if sold over 90 days on market% |
| Anticipated Budget: | $145,000 - 60,000 - 12,700 (CC + 6% agent fee) = 72,300. Funding Partner receives: 28,920 (at 40%, if sold within 90 days) or 36,150 (50%, if sold after 90 days on market) |
| Miscellaneous Option 1: | The property will be listed with a San Antonio agent we have worked with on other land deals. The opinion of the agent is that this property be listed for $165,000. |
