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The Land & Ranch Division of Coldwell Banker Commercial Southwest is proud to announce that the MAAS ROAD ESTATES Estate # 2 with 11.44 acres at $99,997 is NOW available with 100% FINANCING
Vista views and two excellent potential building sites.
We believe the combination of views, highway access, proximity to local services, outstanding commutability to either Austin or Houston and the financial package make this a persuasive offering for a weekend or full-time ranch or home.
The Maas Road Estates is a 35.522-acre ranch with an antique barn, original home and home site, pond, 400’ elevations providing outstanding distant vista views plus pastoral views of the surrounding properties. It is available in three remaining offerings.
It is just 1.4 miles from US Highway 290 West and less than 5 miles from Brenham. The Maas Road Estates features 936’ of estimated frontage, access to c...
It is just 1.4 miles from US Highway 290 West and less than 5 miles from Brenham. The Maas Road Estates features 936’ of estimated frontage, access to community water and electricity on site.
HIGHLIGHTS
(1) Three of the six offerings are still available:
(a) Estate # 2 with 11.44 acres for $99,997
(b) Estate # 3 with 12.00 acres at $119,988 with a current survey included in the price
(c) Combination B (Estates # 2 and # 3) with 23.44 acres for $219,984
(2) Up to 100% FINANCING available including land, new construction and improvements
(3) Restrictions to protect your investment
(4) Superior utility availability including electricity at road and your option to drill a well or connect to community water
(5) 1.4 miles from US Highway 290, the primary corridor between Austin and Houston
(6) Average family income and projected population growth significantly stronger than Brenham and Washington County
(7) Less than 50% of the density of Washington County at a 1-mile radius
(8) 10 minutes or less from Lake Somerville, Burton and the US 290 W/TX 36 N interchange offering a range of services and retail alternatives
(9) Within 15 minutes of all Brenham area schools, downtown, Blinn College, Washington County Fairground, Wal-Mart, Lowes, Home Depot, Trinity Hospital & Medical Center and many other service and shopping opportunities
(10) 65-minutes from the West Sam Houston Beltway interchange with US 290 in Houston
(11) 79-miles from Interstate 35 and US 290 E interchange in Austin
(12) Ten popular tourist and local destinations within a 30-mile radius
(13) Vibrant $750,000,000+ Washington County economy growing at 5%+ per year
SHOWING AND LISTING TEAM CONTACT INFORMATION
Call 979.421.9996 to contact any member of the Land & Ranch Division of Coldwell Banker Commercial Southwest listing team.
You can also contact the listing team by email at the address identified in the attached "Links & Team Email".
FINANCING
Up to 100% financing is available.
Financing can include land, new construction, improvements, renovations and capital equipment.
Considerations:
A decision on subordinated owner financing is at the complete discretion of the owner.
Factors that may be considered include qualifications, terms, equity structure, site and/or development plan and others.
Terms:
The interest on the subordinated mortgage is two percent or 200 basis points above your first mortgage.
For example, the first mortgage is at 6.25%. The subordinated mortgage will be at 8.25%. If the first mortgage adjusts, the subordinated mortgage adjusts at the same time.
Penalties and Interest:
All late penalties, interest and fees defined in the first mortgage are applicable to the second mortgage.
Amortization Schedule:
Payments based on a 30-year amortization schedule.
Balloon:
The final balloon payment is due in five-years.
Payoff Acceleration:
If the first mortgage is refinanced or paid off, any subordinated owner financing becomes immediately due.
PROPERTY
The Maas Road Estates are located on a gently rolling ranch with a prominent 430’ peak elevation offering a commanding, unobstructed vista view. The sunset views from your backyard will be spectacular.
The gently rolling topography ranging from approximately 374’ to 430’ with a 400’ ridge traversing across the entire property.
The elevations combined with all other property attributes are unprecedented in the price range in the immediate area.
Estate # 2:
Estate # 2 is 11.44 acres. It has at least three excellent potential home sites at 420’, 410’ and 400’ elevations. It has approximately 370’ of road frontage on Maas Road.
It is the only Estate offered under $100,000. With 11.4+ acres, excellent views, community water available, power easily accessible and over 100 yards of frontage, it is a very persuasive offering.
Estate # 3 “Folsom Lake”:
It provides an excellent 12 acre potential waterfront home site with an estimated 415’ elevation.
Priced at under $10,000 per acre for 12 acres with vista views, a pond, a water front building site, available community water and over 370’ of road frontage, it is an intriguing purchase for a value oriented buyer for a mini-ranch or as an investment.
Lake Folsom affords a tranquil setting for both Tract # 2 and # 3, with Tract # 3 offering lakefront home-sites and Tract # 2 providing lake view settings.
Combination “B”:
Offered at just $219,984 with 23.52+acres including Lake Folsom, Combination B is Estate # 2 and # 3.
Combination B has commanding views, multiple potential home sites including waterfront, community water available, electricity very accessible and over 740’ of frontage.
With 23.5+ acres a pond, views and other attributes offered just over $200K, it is one of the most intriguing offerings in the sixteen-county market.
Frontage:
With over 1,165’ of estimated frontage on Maas Road, Maas Road Estates provide tremendous flexibility for curb cuts to support subdividing the property to reduce or eliminate their capital cost.
Utilities:
Maas Road Estates provides access and flexibility seldom seen in the Brenham area for competitive listings to these offerings.
For water, you have the option of connecting to community water or drilling and maintaining your own water supply.
Electricity is pulled to the homestead area of Tract # 1. Electricity is available from Maas Road.
Restrictions:
Protecting your investment are restrictive covenants designed to support sustained property values.
The restrictions prohibit:
(1) Mobile homes (modular and kit homes are acceptable with a slab or pier and beam foundation)
(2) Inoperable vehicles
(3) Equipment storage unless garaged
(4) Trash piles
(5) Unhealthy or unsanitary practices.
25% Surface Control Conveys:
The owner is conveying the 25% of surface control he possesses.
No Minerals:
No minerals convey.
ADDITIONAL INTERNET LINKS
See the attached "Links & Team Email" for links to the following:
(1) Link to dedicated website
(2) Link to listing website with all graphics and pictures utilized in PDF or JPG files for easy downloading
(3) Link to consumer level listing
(4) Link to all demographic and econometric reports utilized in this listing.
DEMOGRAPHICS AND ECONOMETRICS
Alexander Tiffany, LLC (“AT”) performed preliminary analysis of the demographics and econometrics to support your decision to buy either or both Maas Road Estates tracts.
The immediate area (1-mile, 2-mile and 3-mile radius) has significant advantages over City of Brenham and Washington County. The area has significantly higher incomes, projected growth in high family incomes (over $150,000) and competitive population growth.
DENSITY COMPARISIONS
AT performed density analysis comparisons to Washington County, Brenham and Harris County (Houston area).
Maas Road Estates has less than 50% of the density of Washington County and 1/70th the density of Brenham at a 1-mile radius.
LOCATION
(1) 1.5 miles off US Highway 290
(2) 6-miles from the US Highway 290/Texas 36 North interchange supplying several dining, shopping and entertainment alternatives including Brenham’s multi-screen theater and Horseshoe Junction (a regional theme park)
(3) 10 minutes or less from Lake Somerville, Burton and the US 290 W/TX 36 N interchange offering a range of services
(4) Within 15 minutes of all Brenham area schools, downtown, Blinn College, the Washington County Fairgrounds, Wal-Mart, Lowes, Home Depot, Trinity Hospital & Medical Center and many other service and shopping opportunities
(5) Ten popular tourist and local destinations within a 30-mile radius including Round Top, Chappell Hill, Independence, Cat Spring, New Ulm and Washington
(6) 65-minutes from the West Sam Houston Beltway interchange with US Hishway 290 West in Houston
(7) 79-miles from Interstate 35 and US Highway 290 East interchange in Austin
WASHINGTON COUNTY ECONOMY
Estimated at over $750,000,000 in 2008 the Washington County economy is very stable and projected to grow by a robust 5.17% per year through 2012.
TAXES
Estimate 2008 taxes are based on 2007 paid taxes increased by 8%. 34.52 acres are currently agricultural exempt and 1 acre has a homestead exemption.
Taxes for each specific offering are based on prorating 2008 estimated taxes utilizing the ratio of acres in a particular offering to the 35.522 total acres.
Consult your tax advisor regarding your expected taxes.
EMAIL TO YOU WHEN WE LIST NEW PROPERTIES THAT MEET YOUR SPECIFICATIONS
We offer immediate email contact when we list properties in categories you have expressed an interest.
Please send an email to the listing team at the email identified in the attached "Links & Team Email" with your specifications.
DISCLOSURE OF OWNERSHIP RELATIONSHIPS AND FUNCTIONS
Coldwell Banker Commercial Southwest is a wholly owned franchise of Alexander Tiffany Southwest, LLC ("AT Southwest"). AT provides ownership transaction services, management and consulting to affiliates and clients. AT and AT Southwest have common ownership.
ANALYSIS, GRAPHICS AND MEASUREMENT REFERENCES
All references to "Analysis" in this listing refer to analysis performed by AT on behalf of AT Southwest. Analysis is preliminary and based on proprietary systems and models. Analysis is time sensitive and based on assumptions stated. All graphics are artist renderings only to provide a reasonable representation. Measurements are Analysis estimates only to provide a reasonable representation. Neither AT nor AT Southwest provide explicit or implied warranty regarding the accuracy of renderings and measurements.
USE OF COPYRIGHTS AND LIMITATIONS
U.S. and international copyright laws protect analysis, graphics, images, narrative and other listing content. Analysis is for the specific and limited use of prospective purchasers or their legal representatives in evaluating the acquisition of this property. Any other use, copying, modifying, reference to or reproduction is strictly prohibited without the express written consent of AT, and/or AT Southwest as appropriate.
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