Description

New & improved price with large margin for a developer. **not in any floodplain 100yr, 500yr etc** new construction values ranging around $350,000. **frontage access supported by the city, per, shon brooks directly, head of new development, from jim st between the church and 110 jim st. unpaved dirt driveway direct access to subject property is the approved easement driveway access point from jim st to the property lot. water and sewer lines available confirmed per city. zoning: base zoning is sf-3 (single family residential) parcel is in the infill overlay district in which the development standards will defer to whichever is less restrictive on the potential new build (another major positive)
extremely low price relative to lot comps & relative to avg resell new build price for home on a large lot like ours. this is a hot up incoming new development area a stone's throw away from downtown waxahachie. lot sq ft: 18,600 (largest lot on the street)
the county appraised value 2025 is $92,324, significantly higher in market value based on comps and price per square foot. a buyer or builder would be able to purchase this massively discounted near 50% of current appraised land value and even significantly less when looking at market value by way of comps. seller is working with post office right now to have the mailbox repositioned, so it will be out of the way of where the supported frontage easement access will be to the subject 118!!! not a buyer cost, seller will handle that!

• Property Type

  Land

• Subdivision

  Fears

• County

  Ellis

• Style

  Land

• AD ID

  50150687