Assignment of Contract 1.76 acres in Palo Pinto County, TX

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Property Details

  • Time to Build
    Not sure
  • State
    TX
  • County
    Palo Pinto
  • City
    Gordon
  • GPS
    32.5803041590122,-98.2791465865759
  • Curent Zoning
    Residential
  • General Elevation
    Not in a flood zone
  • Taxes
    $669.32
  • Conveyance
    Owner is a real estate attorney. So I would suggest title company. I have a referral that can close in 2 weeks. Estimated title fees $1K
  • Sewer
    next door
  • Parcel Size (in acres)
    1.76
  • Zip
    76453
  • Title Info
    Gary Noe
  • Access
    Has road and legal access
  • Terrain
    Flat with trees
  • HOA Fees
    1200
  • Power
    next doors
  • Water
    next door
  • Phone
    unknown

Transaction Details

Total Transaction Purchase Price (including closing costs): $2500 purchase + 500 assignment = 3,000
Anticipated Sale Price: $10,000-15,000
Anticipated Transaction Completion Time (cash in to cash out for equity partner): 60-90 days after purchase
Escrow or Notary Acquisition? Escrow
Escrow or Notary Sale? Notary Sale
Percent of Funding from Partner Required: 100%
Equity Partner Profit Split: 100 - assignment of contract deal%
Anticipated Budget: $3000

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