*** Funding Partner Opportunity ***
Transaction Details - 0.99 Acre Unrestricted Lot - Tyler, TX
Property Acquisition Cost: $21,500
Closing Costs: +/- $2,000
Total Transaction Purchase Price (including closing costs): $23,500
Market Value Of Property: $147,401 (see comps below)
Anticipated Sale Price: $70,000
Anticipated Transaction Completion Time: 120 days
Title or Notary Acquisition? Title
Title or Notary Sale? Title
Percentage Of Funding Required From Partner: 100%
Funding Partner Profit Split: 40/60 (40% + return of capital to Funding Partner if sold within 90 days on market)… 50/50 (if sold beyond 90 days)
Anticipated Budget: $70,000 – $21,500 – $2,000 (CC) – $4,200 (6% Realtor fee) = $42,300
Funding Partner Receives: $16,920 (at 40%) plus return of capital… or $21,150
(at 50%) plus return of capital
For Sale Comps Nearby
#1: 0.42 acres – Price: $65k ($154k/AC) – 642 Princess Pl, Tyler, TX
#2: 0.30 acres – Price: $65k ($216k/AC) – 508 Princess Pl, Tyler, TX
#3: 0.47 acres – Price: $66k ($140k/AC) – 4856 Nicklaus Ct, Tyler, TX
#4: 0.80 acres – Price: $75k ($93k/AC) – 211 Palestine St, Tyler, TX
#5: 0.49 acres – Price: $73k ($148k/AC) – 4857 Nicklaus Ct, Tyler, TX
#6: 1.36 acres – Price: $134k ($98k/AC) – 16248 County Road 192, Tyler, TX
#7: 0.33 acres – Price: $55k ($166k/AC) – Rose St, Chandler, TX
#8: 0.63 acres – Price: $75k ($119k/AC) – Roseway St, Chandler, TX
Median Price Per Acre Of Comps: $144k
Market Value Of Property: $142,560 (0.99 acres x $144,000 = $142,560)
(Please scroll down to see additional details about this property.)
A Mobile Home Is Allowed On This 0.99 Acre Lot Just 4 Miles From The City Limits Of Tyler, Texas At The End Of A Quiet Cul-De-Sac Street In The Chickasaw Neighborhood
Discounted Cash Price: $74,900
Features Of This Property:
- A wooded, 0.99-acre unrestricted, cul-de-sac lot at the end of Tepee Trail. Quiet parcel in the Chickasaw Village neighborhood.
- Water and electricity are nearby and easy to tap into.
- The subject property is only 4 miles from the city limits of Tyler where you can find big city amenities such as 3 Walmart Supercenters… a Home Depot… Sam’s Club… restaurants… hospitals… colleges… pretty much anything you need.
- Lindsey Park is 3 miles from the property. This park features a softball complex… soccer fields… basketball courts… a disc golf course… trails (for hiking and biking)… a playground… picnic area… pavilions… and restrooms.
- Lake Palestine is 11 miles from the property. This lake has a surface area of 40 square miles with 135 miles of shoreline. Lake Palestine provides numerous recreation and outdoor activities that include: boating… water skiing… camping… canoeing… hiking… biking… and fishing.
- There are many fun attractions in this part of Texas – including other lakes… parks… museums… golf courses… hiking trails… recreational centers… and more.
- Enjoy a relaxed lifestyle of country living with the conveniences of city amenities nearby… on a nice lot with trees and a flat landscape.
- Unrestricted lots are hard to find near Tyler, Texas. This land parcel is an ideal site for a mobile home. It’s priced below market value and we excpect it to sell quickly. If you’re interested in this property… we urge you to go look at it as soon as possible… and then get it under contract, before someone else does.
Property Location
Street Address: Tepee Trail
Subdivision: Chickasaw Village
City: Tyler
County: Smith
Zip Code: 75709
Approximate Distance To Nearby Cities & Towns:
● Tyler, TX (City Limits) – 4 miles
● Chandler, TX – 6 miles
● Downtown Tyler – 7 miles
● Bullard, TX – 16 miles
● Mineola, TX – 29 miles
● Athens, TX – 30 miles
● Jacksonville, TX – 30 miles
● Henderson, TX – 41 miles
● Kilgore, TX – 33 miles
● Dallas, TX – 90 miles
● Waco, TX – 122 miles
● Houston, TX – 170 miles
● Austin, TX – 221 miles
● San Antonio, TX – 290 miles
GPS Coordinates: 32.3051, -95.4029
4 Corner GPS Coordinates:
Northwest Corner: 32.3055, -95.403
Northeast Corner: 32.3055, -95.4026
Southwest Corner: 32.3047, -95.403
Southeast Corner: 32.3046, -95.4026
Google Map Link: https://goo.gl/maps/snvYP5QJj54j8STT7
Property Details:
Size: 0.99 acres
School District: Tyler Independent School District
Elementary School: Dixie Elementary School
Middle School: Dogan Middle School
High School: Tyler High School
Property Taxes: $254.37 per year
Water: Provided by Tyler City Water Utilities – Tel: 903-531-1230
Electricity: Near the road, provided by Oncor Electric – Tel: 888-313-6862
Sewer: Septic system needed
Gas: Propane gas
Mobile Home Allowed: Yes
Flood Zone: No
Area Information:
The property is located in Smith County Texas. The population of Smith County was 230,184 in 2020.
Tyler, Texas is the county seat of Smith County and its population was 105,859 in 2020. Downtown Tyler is 7 miles from the subject property.
Dallas, Texas – 90 miles from the property – had a population of 1.339 million in 2020.
Points Of Interest & Distances From The Property:
1. Bellwood Lake – 5 miles
2. The Home Depot – 6 miles
3. Brookshire’s Grocery – 7 miles
4. Tyler Rose Garden – 7 miles
5. Caldwell Zoo – 8 miles
6. Tyler Pounds Regional Airport – 8 miles
7. Tyler Civic Theatre – 8 miles
8. Visit Tyler/SPORTyler – 8 miles
9. Legacy Trail – 8 miles
10. Broadway Square Mall – 8 miles
11. Walmart Supercenter – 9 miles
12. East Texas Medical Center – 9 miles
13. Bergfeld Park – 9 miles
14. Waterpark at the Villages – 10 miles
15. Tyler Museum of Art – 10 miles
16. Lake Palestine – 11 miles
17. The University of Texas at Tyler – 12 miles
18. Tyler State Park – 19 miles
19. Lake Tyler – 24 miles
