The Land Development Division of Coldwell Banker Commercial Southwest is proud to present MAAS ROAD ESTATES with 35.2+ acres at $8,500 per acre. The property has a pond, vista views and multiple excellent potential building sites. We believe the combination of views, highway access, proximity to local services, outstanding commutability to either Austin or Houston and 100% FINANCING AVAILABLE make this a persuasive offering for a weekend or full-time ranch or home.
The Maas Road Estates is a 35.222-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 its entirety or in five separate offerings. It is just 1.4 miles from US 290 West and less than 5 miles from Brenham. The Maas Road Estates features 936’ of estimated frontage, access to community wa...
The Maas Road Estates is a 35.222-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 its entirety or in five separate offerings. It is just 1.4 miles from US 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) Available in six distinct offerings:
(a) The entire offering of 35.222 acres for $299,387
(b) Estate # 1 with the original home site and antique barn on 12.078 acres for $127,663
(c) Estate # 2 with 11.522 acres for $99,637
(d) Estate # 3 with multiple home sites, great pastures for horses and/or livestock, vista views and a pond on 11.622 acres for $111,358
(e) Combination “A” with 23.60 acres by joining Estate # 1 and Estate # 2 for $227,301
(f) Combination “B” with 23.1+ acres by uniting Estate # 2 and Estate # 3 for $210,996
(2) Up to 100% FINANCING available including land, new construction and improvements
(3) The owner is negotiating for surface rights and they will convey at closing if they are secured.
(4) Restrictions to protect your investment
(5) Superior utility availability including electricity at road and your option to drill a well or connect to community water
(6) 1.4 miles from US Highway 290, the primary corridor between Austin and Houston
(7) Average family income and projected population growth significantly stronger than Brenham and Washington County
(8) Less than 50% of the density of Washington County at a 1-mile radius
(9) 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
(10) 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
(11) 65-minutes from the West Sam Houston Beltway interchange with US 290 in Houston
(12) 79-miles from Interstate 35 and US 290 E interchange in Austin
(13) Ten popular tourist and local destinations within a 30-mile radius
(14) Vibrant $750,000,000+ Washington County economy growing at 5%+ per year
Call 979.421.9996 to contact any member of the Land Development Division of Coldwell Banker Commercial Southwest listing team.
You can also contact the Maas Road Estates listing team by email to the address on the attached "Web Links and Team Email" slide.
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 are unprecedented in the price range in our market.
Estate # 1 the original “Homestead”:
This tract includes the original homestead located on the 430’ high point of the Maas Road Estates. It is surrounded by towering trees estimated at an average height of 50’+ and estimated to be at least 100 years old. An Antique Barn is also included in this tract.
Strategically positioned on the high point of the property maximizing a commanding 430’ elevation, the Homestead offers a tremendous potential home site. The Homestead remains on the property for you to make a decision regarding restoration or integrating the lumber, trim and other historic features into a new home.
An antique, rustic barn anchors the Maas Road Estates located on Estate # 1. The rustic barn provides a highly sought after connection to the rich history of the area. The barn is ready for a new owner to preserve it or to enjoy its natural state.
Electricity is available to the homestead and Antique Barn. The property includes the original drive and current property gate. It is the largest of the three individual tracts at 12.078 acres. It benefits from 427’+ of Maas Road frontage.
Priced at just over $127,000, it is affordable for most budgets and provides tremendous flexibility regarding use of the original home and the antique barn.
Estate # 2:
Estate # 2 is 11.522 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 11.5+ 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 11.6+ acre potential waterfront home site with an estimated 415’ elevation. Priced at under $10,000 per acre for 11.6+ 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 all six offerings, with Estate # 3 offering lakefront home-sites and Estate # 1, # 2 providing lake view settings.
Combination “A”:
Offered at just $227,301 with 23.6 acres, Combination A joins Estate # 1 and # 2. It has commanding views, the original home site, electricity on site, water view building sites, community water available and almost 800’ of frontage.
With over 23 acres and priced just over $225K, it should go very fast!
Combination “B”:
Offered at just $210,996 with 23.1+ acres including Lake Folsom, Combination B is Estate # 2 and # 3. It has commanding views, multiple potential home sites including waterfront, community water available, electricity very accessible and over 740’ of frontage.
With 23.1+ acres, a pond, views and other attributes offered just over $200K, it is one of the most intriguing offerings in the eight-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 available on Estate # 1 of Maas Road Estates. Electricity is also available from Maas Road.
Restrictions:
Protecting your investment are restrictive covenants designed to support sustained property values.
The restrictions prohibit:
(a) Mobile homes (modular and kit homes are acceptable with a slab or pier and beam foundation)
(b) Inoperable vehicles
(c) Equipment storage unless garaged
(d) Trash piles
(e) Unhealthy or unsanitary practices
Surface Control:
The owner is attempting to secure surface rights. If they are secured, they will be conveyed to you at close.
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. 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. If the first mortgage is refinanced or paid off, any subordinated owner financing becomes immediately due.
DEMOGRAPHICS AND ECONOMETRICS
Alexander Tiffany, LLC (“AT”) performed preliminary analysis of the demographics and econometrics to support your decision to buy one tract or all of Maas Road Estates.
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 and it is located just 1.5 miles off US Highway 290 and 6-miles from the US Highway 290 and Texas 36 North interchange, 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 290 in Houston
(7) 79-miles from Interstate 35 and US 290 E 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%. 34.222 acres are currently agricultural exempt and 1 acre has a homestead exemption. Consult your tax advisor regarding your expected taxes.
DISCLOSURE OF OWNERSHIP RELATIONSHIPS AND FUNCTIONS
Coldwell Banker Commercial Southwest is a wholly owned franchise of Alexander Tiffany Southwest, LLC ("AT Southwest").
AT Southwest owns, manages and joint ventures real estate companies.
AT is an owner of AT Southwest. Both AT and AT Southwest are majority controlled by Alexander Holdings, LLC ("AH"). AT provides ownership transaction services, management and consulting to affiliates and clients. AH is a private equity company that provides equity, debt and financing solutions to affiliates and clients.
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. AT provides no 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, AT Southwest and/or AH as appropriate.
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