11.25 Acres in Lipan, TX - $119,000
Coldwell Banker Commercial Southwest Partners has been retained as the exclusive advisor for a tremendous opportunity for you to acquire Tract 3 of Warrior Falls Ranch 11.25 acres for $119,000.
This offering features frontage on Brook Highway with two excellent home sites and featuring extensive frontage on the Rocky Branch of Kickapoo Creek with views of Warrior Falls.
The following summarizes the other 4 offerings:
(1) Tract 1:
Tract 1. It has 17.5 acres for $129,000. It offers extensive frontage on Brook Highway (FM 1189 Road) plus additional frontage on Warrior Falls Road with two excellent home sites plus potential to be divided into 3 to 4 lots (dependent upon County and TXDOT approval and other factors).
(2) Tract 2:
12.25 acres for $149,000. This offering features frontage on Brook Highway with two excellent home sites and featuring extensive frontage on the Rocky Branch of...
12.25 acres for $149,000. This offering features frontage on Brook Highway with two excellent home sites and featuring extensive frontage on the Rocky Branch of Kickapoo Creek with views of Warrior Falls.
(3) Tract 4:
36.49 acres for $499,860 surrounding Warrior Falls with extensive frontage on Warrior Falls Road and four outstanding home sites with waterfront views of the falls, with Rocky Branch and Kickapoo Branch meandering north to south and Kickapoo Creek flowing from the falls from west to east.
(4) Tract A:
77.49 acres for $697,410 including tracts 1 to 4.
Spectacular water features, dramatic terrain, towering and ancient oaks, huge rock outcroppings, 7% buyer broker commission, 25% owner second financing available, make this the very best 17+ acre offering in north Texas under $120K!
PROPERTY WEBSITE
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HIGHLIGHTS
(1) Once in a life-time opportunity to own Warrior Falls Ranch, a spectacular property in Hood County, with a magnificent waterfall created by the intersection of Kickapoo Creek with two Rocky Branch and Kickapoo Branch.
(2) The property features ancient live oaks, towering red oaks, huge rock outcroppings and the spectacular Warrior Falls.
(3) Over 2 miles of estimated water frontage and about 1.25 miles of road frontage combine with spectacular elevation ranges to provide privacy and beauty unmatched in the greater Dallas-Fort Worth, north Texas, Weatherford market area.
(4) Easy access and convenient to DFW only 17.6 miles from Interstate 20 at exit # 403 in West Weatherford and only 53 miles from downtown Fort Worth.
(5) Two sample site plans developed, one encompassing the entire Ranch with 11 possible home sites and another focused on Tract 1 with 4 home sites and a possible commercial site.
(6) Great quality of life with very low crime rate, low cost of living, low density, low poverty rates, excellent schools, easy access to metropolitan services and moderate weather.
(7) Excellent schools as within a 30-mile radius, Lipan Elementary and Lipan High School received TEA “Exemplary” ratings and both ranked within the top 10 of all schools in the area.
(8) Local economies are more recession resistant than Texas ranging from 28% more resistant at a 5-mile radius to 20% more resistant in the zip code and 5% more resistant in the County!
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.
OWNER IS A LICENSED REALTOR
The owner holds an inactive real estate license in Texas.
POTENTIAL 25% OWNER SECOND FINANCING
Depending on qualifications, terms, business plan, organizational structure, tax and other factors:
(1) 25% owner second mortgage. The owner may provide a 25% second and subordinated loan at 6% interest based on a 30-year amortization with a 5-year balloon.
(2) Monthly estimated principal & interest payments and balloon pay-off. Based on a loan of $29,750 (25% of list price), we estimated the monthly principal & interest payment at $179 and we estimate the balloon payoff in 5-years of $27,684.
(3) Buyer to pay costs for loan document preparation. You will for documentation preparation and seller’s legal costs for loan document preparation. These costs are estimated at $1,000.
(4) 100% financing. By combining a traditional first loan with the 25% owner second offering, you may be able to achieve 100% financing.
7% 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.
PROPERTY
The focal point of Warrior Falls Ranch is Warrior Falls, a spectacular waterfall created by Kickapoo Creek and two tributaries, the Rocky Branch and the Kickapoo Branch.
Providing a stunning frame for the falls, the property features ancient live oaks, towering red oaks and huge rock outcroppings.
With history dating back to the early 1800’s, and all its unique characteristics and easy access from the DFW area, it is one of the most remarkable properties in all of North Texas.
National park features! Warrior Falls Ranch is your own private paradise!
(1) History. The historic Kickapoo Falls was named for the Kickapoo Indians. After the War of 1812, the Kickapoo tribes migrated to the region. The falls were a favorite fishing and resting spot for the tribe and friends. Later, area residents used the falls as a baptism site.
(2) 48’ elevation range. Ranges from 791’ to 839’ providing outstanding topographic variation to maximize the utopian environment of Warrior Falls.
(3) 1.25 estimated miles of creek frontage. 916’ estimated on Kickapoo Falls Branch, 1,673’ estimated on Kickapoo Creek and 4,008’ estimated on the Rocky Branch of Kickapoo Creek.
(4) 0.77 estimated miles of Warrior Falls frontage. To estimate the frontage, we estimated the perimeter of Kickapoo Falls utilizing the 800’ ridge around the falls as the base line for the estimate.
(5) 0.94 estimated miles of road
frontage. 4,975.15’ road frontage including 1,396.33’ on Brock Highway and 3,578.82’ on Warrior Falls Road.
(6) Zoning. Known none.
(7) Minerals. Negotiable.
(8) Utilities. City electric on site, water well and septic system at current storage site.
SAMPLE SITE PLANS
To assist you in identifying possible home sites as well as demonstrate possible exit/capital cost reduction strategies, we developed sample site plans for Warrior Falls Ranch.
(1) Warrior Falls Ranch plan with 11 possible sites. This plan identified 11 sites that maximize views, water features, privacy and possible road access. This plan includes:
a. 3 sites surrounding Kickapoo Falls
b. 2 sites with Kickapoo Falls views
c. 4 sites with excellent views of creeks
d. 2 estate sites
(2) Tract One plan with 5 possible sites. The corner of Brock Highway and Kickapoo Falls Road could be commercial/retail and the remaining 4 could be estate sites.
(3) Conceptual plans only. The above are conceptual sample plans. They were developed in-house and have not been submitted for survey precision or modification, plat approval or curb cut approvals. Any plan you develop should involve a professional surveyor, legal counsel and approvals from applicable authorities including Hood County and TXDOT.
LOCATION
(1) Highway and Interstate access. Directly on the Hood Highway (FM 1189 Road). Approximately 18 m. to Interstate 20 exit #403 in Weatherford, 38 mi. to the 820 Loop and 53 mi. to Interstate 35 at Edgecliff Village.
(2) Greater Fort Worth area access. 17 mi. to Granbury, 24 mi. to Weatherford, 34 mi. to Stephenville, 43 mi. to Benbrook, 48 mi. to Cleburne, 50 mi. to Lake Worth, 52 mi. to Burleson, 53 mi. to downtown Fort Worth, 53 mi. to Edgecliff Village, 63 mi. to North Richland Hills, 64 mi. to Bedford and 75 mi. to Coleyville.
(3) Greater Dallas area access. 66 mi. to Arlington, 73 mi. to Grand Prairie, 75 mi. to Grapevine, 77 mi. to Irving, 80 mi. to Duncanville, 85 mi. to downtown Dallas, 87 mi. to Carrollton, 97 mi. to Mesquite, 99 mi. to Plano and 100 mi. to Garland.
(4) Airport access. 77 mi. to DFW Intercontinental Airport and 87 mi. to Dallas Love Field.
TAXES
2008 reported taxes are $8,580.80. We increased 2008 by 40% to estimate 2009 taxes at $12,013.12 on the entire property.
To estimate taxes for this tract, we divided the sale price of this tract into the sum of the four individual tract offerings ($119,000 / $896,860) to calculate the ratio of this offering the sum of the four individual tract offerings (13.27%). We then multiplied total estimated 2009 taxes on the entire property of $12,013.12 by 13.27% (the ratio of the list price of this tract / the sum of the four individual tract offerings) to estimate 2009 taxes on this tract at $1,593.96.
Consult your tax advisor regarding your expected taxes.
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.
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