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Colony Bend Ranchettes (CBR) Lot 3

Address:            Adjacent to: 4100 Old Colony Line Rd Lockhart, TX 78644

Price (Cash or with 3rd Party Lender):     $249,000

Price (with Seller Financing):     $257,000

  • Monthly Payment (excluding property taxes):     $2,660.77
  • Seller Financing Down Payment %:     16%
  • Seller Financing Down Payment Amount:    $41,120.00
  • Seller Financing Interest Rate:     12.5%
  • Term:     15 Years

Description:    Large 2.73 acre lot on gently up-sloping, but level lot, with a homesite, large pond, and views (especially of the beautiful pond) at the top! Another homesite lies closer to the street in front of the pond. SELLER FINANCING OFFERED at $257,000, 16% down, 12.5% rate, 15 year term ($2,661 per month). The front half of the property has been left with mature trees to create a buffer between your hilltop home and the street. Relax during the day and sit on a tree swing overlooking your pond while the kiddos are outside building forts and tree houses. The home site of this property provides gorgeous views of the hill country around you. It is located in a peaceful, country setting on a quiet street. Location is perfect, providing with a Dollar General just a couple miles away for basic groceries/ conveniences, yet a little distance from the hustle and bustle of city life, while still being minutes from Lockhart and it’s restaurants, BBQ, services, and large HEB. THe homesite at top has been cleared of brush and ready to build a home or homes. 2 homes permitted by Deed Restrictions. Have your loved ones build on your Property as well. Multiple homes/manufactured homes allowed by Deed Restrictions. Just 13 minutes from Lockhart, 26 minutes to Bastrop, & 48 minutes to Austin. 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. No single-wides. Shared well to be installed before closing. (which can provide unlimited water for irrigation and use… great for a large property like this). Electric pole from from Bluebonnet Electric onsite or within 300′. Buyer to verify availability of all utilities and restrictions. Septic needed. Buyer to get survey. Light deed restrictions in documents to protect property values. Unrecorded deed restrictions provided below (meaning they can be altered if needed. contact Seller).

MLS #:                 N/A

Property Features:

  • Large 2.73 acre lot
  • Gently up-sloping, but level lot
  • Amazing Homesite(s) at top with cill country & pond views
  • Large pond on the property
  • Mature trees in the front half of the property, creating a buffer between the home and the street
  • Peaceful, country setting on a paved road
  • Located a short distance from Lockhart and its restaurants, BBQ, services, and large HEB
  • Manufactured homes, site-built, modular, barndominiums, and tiny homes ok. No singles wides
  • 2 homes allowed per Deed Restrictions
  • Only 13 minutes from Lockhart, 26 minutes to Bastrop, and 48 minutes to Austin
  • Unlimited water supply for irrigation and use with the installation of a well
  • Electric available from Bluebonnet Electric
  • Light deed restrictions in place to protect property values
What Utilities are Included?

Shared well included in price to be installed prior to closing, Electric pole on Property or within 300′, Septic Needed

 

Are There Any Restrictions?

Yes. There are light deed restrictions to preserve property values.

 

Can I Build More Than 1 House?

City/ County codes ultimately dictate number of dwellings. However, 2 residential structures are permitted in deed restrictions.

 

Can I have a Manufactured Home?

Yes. Double-Wide manufactured homes or larger built within 10-years of installation on the property are permitted. Old homes may be approved by Seller. Single-Wide manufactured homes are not permitted.

 

What kind of home can I put on the Property?

Essentially, any residential home that is not a Single-Wide manufactured home is an approved home. Site-Built homes, tiny homes, double-wide & triple-wide manufactured homes, modular homes, and barndominiums are all approved homes.

 

Is there an HOA?

No HOA

Shared well included in price to be installed prior to closing, Electric pole on Property or within 300′, Septic Needed