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TX-12
173 Acres of Residential Land Offered at $4,465,030 CAD in Deweyville, TX 77614
Investment Highlights
- Prime residential area with great location and ease of access to land
- Level topography
- Government backing
- One of the few tracts in Newton County that is completely out of the flood plain
Executive Summary
Property Facts
| Price | $4,465,030 CAD | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 173.00 AC |
| Price | $4,465,030 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 173.00 AC |
1 Lot Available
Lot
| Price | $4,465,030 CAD | Lot Size | 173.00 AC |
| Price Per AC | $25,809 CAD |
| Price | $4,465,030 CAD |
| Price Per AC | $25,809 CAD |
| Lot Size | 173.00 AC |
Description
Excellent acreage for an exclusive residential development. The property is one of the few tracts in Newton County that is completely out of the flood plain. The site has complete engineering and site planning finished as well as part of the purchase. Mauriceville MUD has already guaranteed utilities to the site. The GLO has $14 Million allocated to relocate Newton County residents from flood plain homes into new homes outside the flood plain. This provides excellent risk mitigation for the residential development on this site. The GLO program offers $428,000 per home for the relocated families which would provide an instant sale of 30-35 homes for the new development. Additionally, the local economy is seeing a major shift due to the recently announced $85 Billion Chevron Refinery, $13 Billion New LNG Plant and New Biofuel Plant. This brings a massive need for housing to the local markets that currently has no new developments to serve this influx of workers and employees in the next 5-10 years. If you have any question please reach out and we would love to talk through the details of bringing a quality residential development to the region.
PROPERTY TAXES
| Parcel Number | 14282 | Improvements Assessment | $5,518 CAD |
| Land Assessment | $527,021 CAD | Total Assessment | $532,539 CAD |
PROPERTY TAXES
zoning
| Zoning Code | Residential |
| Residential |
Presented by
TX-12
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