Coldwell Banker Commercial Southwest Partners and Fogle Hinze Realtors of Sealy, Texas are proud to represent the Meadows Farm at Bartlett Road Ranch of Austin, County, Texas. The Meadows Farm with 27+ acres is one of three distinct Bartlett Road Ranch offerings.
(1) The Bartlett Road Ranch with 131.825 acres for $749,950 with frontage on Bartlett RD and Lazy River RD. This represents a reduction of $138K or 15.6% from the prior list price!
(2) The Polo Farm with 104.21 acres for $599,950 with paved road frontage on Bartlett RD.
(3) The Meadows Farm with 27.53 acres for $239,000 with paved road frontage on Lazy River RD and Bartlett RD.
With a major price reduction, multiple offerings, POTENTIAL 25% OWNER SECOND and 6% buyer broker commission…
We expect the property to sell fast!
PROPERTY WEBSITE
The property website is available at the virtual tour link above.
If any link in th...
If any link in this offering does not connect, copy and paste the link into your web browser. Feel free to call or email us for technical assistance.
HIGHLIGHTS
(1) One of the best under $240K, 27+ acre ranch land investment opportunities in the Houston & Austin CBSAs.
(2) Possible 25% owner second at 6% interest, 20-year amortization and 5-year balloon.
(3) Located in a world class polo and equestrian neighborhood including several multi-million dollar ranch estates.
(4) Over 4,000’ est. frontage including 2,351’ est. frontage on Bartlett Road and 1,752’ est. frontage on Lazy River Road that may support 4 to 10 tracts.
(5) 1.8 mi. to Interstate 10, 5 mi. to Sealy and 14 mi. to Katy providing access to metropolitan level services, dining, entertainment, shopping and healthcare.
(6) Easy Houston access: 30 mi. to Interstate 10 West & Beltway and 44 mi. to downtown.
(7) Excellent Central Texas access: 31 mi. to Columbus, 39 mi. to Brenham, 53 mi. to Round Top, 78 mi. to College Station and 90 mi. to Bastrop.
(8) Enviable quality of life with a low cost of living, low crime rate, low density and moderate weather.
(9) Strong Sealy economy outperforming Austin County, the Houston CBSA and Texas with: (a) higher economic growth; (b) lower unemployment; (c) higher growth in after tax household income; (d) higher avg. household income; and (e) higher % growth of households with at least $100K household income.
(10) Austin County ranks # 1 compared to the 7 Largest Texas Counties AND Texas in: (a) growth in after tax household income; (b) growth in avg. household income; (c) growth in % of $100K household incomes; (d) growth in % of $150K household incomes; and (e) growth in % of $250K household incomes.
(11) The 2009 Austin County economy is estimated at $700M+.
CONTACT INFORMATION
Call 979.421.9996 to contact any member of the listing team to set up an appointment, request additional information or answer any questions.
PROPERTY
The Bartlett Road Ranch is a unique offering for an astute investor. The offering combines 131+ acres, an exclusive location, extensive frontage and easy Interstate 10 access.
(1) World class polo and equestrian neighborhood. The Bartlett Road Ranch is within ½-mile of world class polo fields and facilities as well as champion equestrian facilities.
(2) Multi-million dollar ranch estates area. There are several multi-million dollar ranch estates including world renowned Rancho Pueblo and Lost River Ranch.
(3) Acreage. 27+ acres.
(4) Frontage. The entire offering has over 4,000’ est. frontage including 2,351’ est. frontage on Bartlett Road and 1,752’ est. frontage on Lazy River Road.
(5) Topography. In its entirety, the Bartlett Road Ranch offers a stable topography ranging from 118’ at several points along a wet weather creek meandering through the property up to 128’ at the southwest corner. With the Brazos River at a 90’ elevation, the property elevation (38’ to 48’ higher) provides some protection during hurricane and extreme weather.
(6) Minerals. The owners do NOT believe they have minerals. At closing, the owners will convey any mineral rights owned.
(7) Ag exempt. Yes.
(8) Ranch improvements. There are a few improvements on the entire offering and on the Meadows Farm including a barn, gates and fencing. All improvements convey unless specifically excluded in writing.
LOCATION
(1) 1.8 miles from Interstate 10. From Houston westbound Interstate 10 at exit # 725 toward Micak Road, it is 1.8 mi. From Austin/San Antonio eastbound Interstate 10 at exit # 723 for FM 1458 Road toward Micak Road, it is 4.2 mi.
(2) About 5 miles to Sealy city limits.
(3) 15 minutes to metropolitan level services. Katy is a regional and national destination for shopping. Katy offers a complete range of metropolitan level services, dining, entertainment, shopping and healthcare.
(4) Houston-College Station area access. 6 mi. to Sealy, 14 mi. to Katy, 30 mi. to Interstate 10 West & Beltway North, 44 mi. to downtown Houston and 78 mi. to College Station.
(5) South Central Texas regional access. 22 mi. to Bellville, 31 mi. to Columbus, 39 mi. to Brenham, 53 mi. to Round Top, 90 mi. to Bastrop, 118 mi. to Austin, 132 mi. to San Marcos and 155 mi. to San Antonio.
(6) Airport access. 54 mi. to Houston Hobby International (HOU) and 58 mi. to Houston Bush Intercontinental (IAH).
POSSIBLE 25% OWNER SECOND FINANCING
Depending on transaction terms, your qualifications and other factors, the owner may provide a 25% 2nd loan at 6% interest. The loan would have a 20-year amortization with a 5-year balloon.
Based on a sale at $239,000, a 25% 2nd would be a loan of $59,750. We est. the monthly principal and interest payment at $428 with a balloon balance in 5-years est. at $52,754. All calculations based on Bank Rate Monitor on-line calculators.
QUALITY OF LIFE CONSIDERATIONS
Greater Sealy offers an enviable quality of life with a low cost of living, low crime rate, low density and moderate weather.
(1) Low cost of living. The Sealy area 2008 est. cost of living is 23% below the US average and the lowest of the 10 Area Comparable Cities.
(2) Low crime rate. The Sealy area 2007 crime rate is lower than Brenham, Columbus and Conroe although in closer proximity to
Houston.
(3) Temperate weather. Throughout the year, average temperatures range from the upper 30s to the upper 90s. In December and January, low temperatures are in the high 30s/low 40s with highs in the mid 60s and an average temperature in the low 50s. Summer peaks in August with lows in the mid 70s, highs in the upper 90s and average temperatures of about 83. The area has clear days about 80% of the year.
(4) Density. Austin County’s 2009 density is 42 persons per square mile. Within a 1-mile radius, the 2009 density is 83 persons per square mile. Sealy 2009 density is 928, about 47% MORE DENSE than the Houston CBSA (530 density). In 2009, Austin County is 46% as dense as the State of Texas and only 50% as dense as the US.
The 10 Area Comparable Cities are Brenham, Bryan, Columbus, Conroe, Giddings, Katy, Pearland, Sealy, Sugar Land and Tomball.
The 44 Regional Comparative Cities are a market basket of cities in the greater Houston-College Station-Austin corridor. They are defined with all related data in the Benchmark & Key Cities Quality of Life Table.
TAXES
We estimate the prorated taxes on this offering of 27.53 acres at $525 (27.53 acres * $19.062 acres = $524.80). Consult your tax advisor regarding your expected taxes.
GRAPHICS ANALYSIS & AVAILABLE PDF SETS
All analysis is based on defined and published sources. Unless otherwise noted, all demographic and econometric data is from either Nielsen/Claritas or Site to do Business (STDB). STDB is the demographic & econometric arm of the Commercial Investment Real Estate (CCIM) Institute in collaboration with ESRI. ESRI is the world leader in GIS (geographic information systems), spatial modeling tools demographics, econometrics and mapping software.
All 2010 estimates are based on our proprietary models.
There are 589 underlying PDF sets. All PDF sets are available online or on request.
6% BUYER BROKER COMMISSION
A buyer broker MUST be disclosed with the buyer’s first communication with CBC for the buyer broker to be eligible for the buyer broker commission.
A buyer broker does NOT have to accompany their buyer to any showings.
DISCLOSURES & COPYRIGHTS
Coldwell Banker Commercial Southwest Partners is a wholly owned franchise of Alexander Tiffany Southwest, LLC. Analysis is preliminary, based on proprietary systems and models, is time sensitive and based on assumptions-stated and unstated. Graphics are only renderings. Measurements are only estimates. No warranties are expressed or implied. All content is protected by copyright laws, is only for prospects or legal representatives, and should not replace buyers own due diligence and analysis. Any other use is prohibited.