Address: Adjacent to: 190 Lazy River Ln, Elgin, Texas 78621
MLS #: NA
Price (Cash or with 3rd Party Lender): $299,900
Price (with Seller Financing): $309,000
- Monthly Payment (excluding property taxes): $3,389.56
- Seller Financing Down Payment %: 11%
- Seller Financing Down Payment Amount: $33,990.00
- Seller Financing Interest Rate: 12.5%
- Term: 15 Years
Description: AMAZING opportunity to buy 2.2 acres of land and build your build your dream home(s) & enjoy the wide-open panoramic views of a bucolic landscape. NO RESTRICTIONS. Can be subdivided (Buyer to verify)! Or own rental units. SELLER FINANCING OFFERED at $309,000, 11% down, 12.5% rate, 15 year term. Clear of brush and ready to build a home or homes. Multiple homes/manufactured homes ok. Publicly maintained street. Just minutes from Elgin, 15 minutes to Bastrop, & 25 minutes to Tesla. Collect fresh eggs from your chickens every morning/ raise some sheep… and still be able to go into the office in Austin if you need. Manufactured homes, site-built, modular, barndominiums, tiny homes ok. There is a lovely tree line down the edge of the property in a dry creek. Property has already been leveled and thoughtfully cleared. Raise your own chickens, have sheep or goats. Watch the beautiful sunsets over the ranch-views to the rear of the property. Property has electric and public water availability. Just 10 minutes from the new Tesla factory, expected to hire ~10,000 well-paid workers, this property is ideal for living outside of the hustle Austin, yet is an easy commute into town. Property is just 15 minutes from an international airport (ABIA), & yet has the peace and serenity of a country-life setting surrounded by friendly neighbors. Small portion of lower right corner is in the 100 yr flood zone, but that corner wouldn’t affect driveways or home sites. Buyer to verify utilities, zoning, etc.
What Utilities are Included?
Public Water is available through Aqua Water. Buyer will need to have a water tap installed. Cost is ~$6,500 for Aqua Water to install a water tap and meter. Electricity is available through Bluebonnet Electric and there is an electric pole already on the property. Buyer will need to install a septic.
Are There Any Restrictions?
Can I Build More Than 1 House?
City/ County codes ultimately dictate number of dwellings. Generally, a home with a septic needs 1-acre. Buyer to Verify.
Can I have a Manufactured Home?
What kind of home can I put on the Property?
Is there an HOA?
Electric Pole On-Site, Public Water Available, Septic Needed