EXECUTIVE SUMMARY
Coldwell Banker Commercial Southwest Partners is proud to announce the Lake Somerville Retreat in Burleson County, Texas, USA priced at $155,000 with 14.878 acres.
HIGHLIGHTS
(1) 14.878 acres with a mobile home located off of State Park Road 57 in the Post Oak Hill Sub Division. It has 2 ponds covering an estimated 5.25 acres, is heavily wooded and has an improved back pasture!
(2) Enviable quality of life with a State Park like-environment featuring a low cost living, low density and moderate weather.
(3) 11 surveyed tracts totaling an estimated 3.7 acres are included that could be sold to reduce your investment in the Retreat.
(4) 2.8 mi. to the Lake Somerville State Park, 13 mi. to Somerville, 19 mi. to Caldwell, 28 mi. to Brenham. 80 mi. from Austin, 85 mi. from NW Houston and 97 mi. from Waco.
(5) 31 mi. to suburban level services, dining, shopping, healt...
(5) 31 mi. to suburban level services, dining, shopping, healthcare and entertainment in College Station the home of Texas A&M University with a County population exceeding 160,000.
(6) Burleson County ranks in the top 2 Counties compared to all adjacent counties in most key demographic and economic indicators.
(7) Burleson County economy is estimated at $440M+ in 2009 and projected to grow annually by 5.3% to exceed $550M within 5 years.
CONTACT INFORMATION
Call 979.421.9996 to contact any member of the listing team to set up an appointment, request additional information or answer any questions.
4% BUYER BROKER COMMISSION
A buyer broker MUST be disclosed with the buyer’s first communication with CBC for the buyer broker to be eligible for the 4% buyer broker commission.
A buyer broker does NOT have to accompany their buyer to any showings of the property.
PROPERTY
The Lake Somerville Retreat presents an outstanding blend of privacy, water features, access to Lake Somerville and the Lake Somerville State Park, proximity to urban level services, and 11 surveyed lots could be sold to reduce your total capital cost.
(1) Acreage.
14.878 acres.
(2) Water features.
The property featurs two distinct ponds covering an estimated 5.25 acres!
(3) Water & septic.
The home is connected to the Post Oak Hills water system. It has an evaporation septic system. A water well is next to the ponds.
(4) Main home.
The main home is a 2002 mobile home with 1,537 SF. A 12’ x 32’ covered porch spans the front of the home. A two car car-port offers flexibility of parking or further extension of outdoor living space. The home is in excellent condition.
(5) Storage.
It has two storage buildings with an estimated 404 SF of usable storage. Outbuildings are in fair condition.
(6) TREES!
The property has hardwoods and pines throughout.
(7) Back pasture.
The rear of the property is a great pasture for horses or cattle.
LOCATION
(1) Lake Somerville access.
2.8 mi. to Lake Somerville State Park.
(2) Texas Highway 36 access.
7.1 mi. to TX 36 southbound and 9.4 mi. to TX 36 northbound.
(3) Regional access.
13 mi. to Somerville, 19 mi. to Caldwell, 28 mi. to Brenham and 31 mi. to College Station.
(4) Suburban level services.
31 mi. to College Station the home of Texas A&M University. With a Brazos County population of 163,000. The Bryan-College Station area features suburban level services, dining, shopping, healthcare and entertainment.
(5) Houston area access.
62 mi. to Sealy, 83 mi. to Katy, 85 mi. to NW Houston (Beltway North at US 290 West), 104 mi. to downtown Houston, 105 mi. to Bellaire/Galleria area, 107 mi. to Sugarland and 121 mi. to Pearland.
(6) Austin area access.
33 mi. to Round Top, 50 mi. to Bastrop, 61 mi. to Schulenberg, 80 mi. to Austin, 94 mi. to Georgetown and 110 mi. to San Marcos.
(7) Waco area access.
79 mi. to Temple, 98 mi. to Waco and 100 mi. to Killeen.
(8) Airport access.
31 mi. to College Station Regional (CLL) with commuter service to DFW and IAH, 83 mi. to Austin Bergstrom International (AUS), 98 mi. to Waco Regional (ACT) with commuter service to DFW, 108 mi. to Houston Intercontinental (IAH) and 113 mi. to Houston Hobby (HOU).
(9) Highway access.
9 mi. to Texas Highway 36 northbound or southbound, 24. mi. to US Highway 290 westbound (Giddings) or eastbound (Burton), 32 mi. to Texas Highway 6 (College Station), 62 mi. to I 10 westbound (Schulenberg) and to I 10 eastbound (Sealy), 75 mi. to I 35 (Austin) and 98 mi. to I 45 (Houston).
SAMPLE SITE PLAN
To demonstrate the potential of reducing your capital cost by selling existing surveyed tracts, we developed a sample site plan as an example.
The Seller indicates that 1/2 acre tracts in the neighborhood have been selling at about $6,700 per tract.
Assumptions
(1) Selling 11 existing surveyed and platted lots
(2) 0.3338 acres estimated average size
(3) 3.718 acres sold to reduce your capital investment
Estimated Gross Proceeds, Gross Return per Acre and Residual
Capital Cost
(4) At $4,000 average price per lot yields gross proceeds of $44,000.
Sales result in average sale price of $11,834 per acre.
Net of gross sale proceeds, your estimated residual capital cost for property is $106,000 ($150,000 less $44,000 gross proceeds).
(5) At $5,000 average price per lot yields gross proceeds of $55,000.
Sales result in average sale price of $14,793 per acre.
Net of gross sale proceeds, your estimated residual capital cost for property is $95,000 ($150,000 less $55,000 gross proceeds).
(6) At $6,000 average price per lot yields gross proceeds of $66,000.
Sales result in average sale price of $17,751 per acre.
Net of gross sale proceeds, your estimated residual capital cost for property is $84,000 ($150,000 less $66,000 gross proceeds).
Limitations
The above is based on assumptions stated and is for demonstration only. While we do not doubt its accuracy based on the assumptions stated, we have not verified it and make no guarantee, warranty or representation about it.
It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property.
The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors.
You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property.
QUALITY OF LIFE CONSIDERATIONS
Somerville offers an enviable quality of life with a low cost living, low cost of homes, low density and moderate weather.
(1) Low cost of living.
The Somerville area 2008 est. cost of living is 25% below the US average. It ranks #3 in the “44 Benchmark Cities Group”**.
It is lower than all cities included in the “10 Comparative Cities Group”, lower than the average of the 44 Benchmark Cities Group and lower than the “5 Largest Texas Cities”***.
(2) Low cost of homes.
The average 2007 home value of $80,248 ranks #1 (lowest price) in the 44 Benchmark Cities Group. The median home value ranks #4 in the 44 Benchmark Cities Group.
(3) Temperate weather.
Throughout the year, average temperatures range from about 48 to 85 degrees. In January, low temperatures are in the high 30s/low 40s with highs in the low 60s and an average temperature of 50. Summer peaks in August with lows in the low 70s, highs in the high 90s and average temperatures of about 85.
(4) Density.
Burleson County’s 2009 density is 26 persons per square mile.
Within a 3-mile radius, the 2009 density is 40 persons per square mile compared to 566 per square mile in Somerville.
In 2009, Burleson County is about 32% as dense as the US, 29% as dense as the State of Texas, about 3% as dense as Travis County (Austin area) and about 1% as dense as Harris County (Houston area).
*The “10 Comparative Cities Group” includes Somerville, Brenham, Caldwell, College Station, La Grange, Magnolia, Navasota, Sealy, Waco and Austin.
**The “44 Benchmark Cities Group” is a sample of cities of similar or larger sizes in the Austin-Waco-Houston Corridor.
***The “5 Largest Texas Cities” are Houston, Dallas, San Antonio, Austin and El Paso.
A summary of the Quality of Life database is available on most professional websites and upon request.
DEMOGRAPHICS & ECONOMETRICS
(1) Local economy.
The Burleson County economy is estimated at $440M+ in 2009 and projected to exceed $550M within 5 years.
(2) Population.
2009 estimated population for Burleson County is 17,574.
The 2009 population of Somerville is 1,697, the zip code is 6,563 and at a 3-mile radius, it is 1,135.
(3) Population growth.
2009 to 2013, Burleson County’s population is projected to grow by about 1% per year approximately equal to projected US growth.
For Somerville, the projected annual growth is 0.2%, the zip code is 0.8% and at a 3-mile radius, it is 1.5%.
At a 3-mile radius the growth rate is 50% faster than Texas, 63% faster than the County and 550% faster than Somerville.
(4) Economic growth.
With projected annual growth of 5.3% from 2009 through 2013, Burleson County ties for # 1 compared to Adjacent Counties****.
For Somerville, the projected annual growth is 3.9%, the zip code is 5.1% and at a 3-mile radius, it is 5.9%.
At a 3-mile radius the growth rate is 13% faster than the County and 51% faster than Somerville.
(5) Growth in average household incomes.
With projected annual growth of 2.8% from 2009 through 2013, Burleson County ties for # 2 compared to Adjacent Counties trailing only Robertson County.
For Somerville, the projected annual growth is 1.4%, the zip code is 2.5% and at a 3-mile radius, it is 3.2%.
At a 3-mile radius the growth rate is 13% faster than the County and 118% faster than Somerville.
(6) Growth in percent of households with at least $100K, $150K and $250K annual incomes.
With projected annual growth of 36% in households with at least $100K annual incomes, 33% in households with at least $150K annual incomes and 41% in households with at least $250K annual incomes from 2009 through 2013, Burleson County ties for # 2 compared to Adjacent Counties trailing only Robertson County.
(7) Households with at least $100K annual incomes.
With 7.4% of households have annual incomes of at least $100K, Burleson County ranks # 4 compared to Adjacent Counties.
For Somerville, it is 4.6%, the zip code is 6.7% and at a 3-mile radius, it is 10.7%.
At a 3-mile radius it is 44% higher than the County and 134% higher than Somerville.
****Adjacent Counties include Brazos, Burleson, Lee, Milam, Robertson and Washington.
COUNTY RECESSION RESISTANCE
We developed a proprietary model utilizing distribution as an indicator of recession resistance of Counties.
The model allocates the following 10 primary employment sectors into resistant or sensitive segments: (1) agriculture(2) mining, (3) construction, (4) manufacturing, (5) infrastructure (transportation, communications and utilities), (6) wholesale trade, (7) retail, (8) finance, (9) services and (10) public administration including government and not-for-profits.
The model applies a weighting to estimate recession implications for the sector. The model aggregates the data and provides comparisons to adjacent Counties as well as to an index of Texas and the US.
(1) Rank among Adjacent Counties.
Burleson County ranks # 2 of Adjacent Counties, trailing only Robertson County, in resistance to recessionary employment factors.
(2) Index compared to Texas.
Burleson County scores 108.1 and ranks # 2 to all Adjacent Counties in an index using Texas at a score of 100 for a baseline.
(3) Index compared to US.
Burleson County scores 106.4 and ranks # 2 to all Adjacent Counties in an index using the United States at a score of 100 for a baseline.
GRAPHIC ANALYSIS
All analysis is based on defined and published sources.
All graphics and PDF sets available on the web and upon request.
964 underlying Nielson Claritas reports available upon request.
29 PDF files with graphics, analysis and data available from our site, most professional sites and on request:
(1) Narrative detail
(2) Pictures
(3) Highlights
(4) Survey
(5) Topographics & satellites
(6) Plat, survey & sample site plan
(7) Maps, driving distances & driving times
(8) Weather
(9) Quality of life economic
(10) Quality of life education
(11) Quality of life marital status
(12) Quality of life safety & security
(13) Recession resistance studies
(14) Density studies
(15) Micro market* demographic & econometric (D&E) summary table
(16) Micro market* D&E analysis
(17) Micro market* workplace & employment (WP&E) summary table
(18) Micro market* WP&E market fundamentals
(19) Micro market* WP&E employment by market segment
(20) Micro market* WP&E employment by geographic area
(21) Macro market ** D&E analysis summary table
(22) Macro market** D&E analysis
(23) Macro market ** WP&E analysis summary table
(24) Macro market** WP&E market fundamentals
(25) Macro market** WP&E employment by market segment
(26) Macro market** WP&E employment by geographic area
(27) Downloadable PDF sets, available Claritas reports and web links
(28) Single page flyer with HTML links
(29) Multi page flyer with HTML links
* “Micro market” includes: 1-mile, 3-mile & 5-mile radiuses, City of Somerville, 77879 zip code & Burleson County.
** “Macro market” includes the following adjacent Counties (with Texas & US benchmarks when available): Brazos, Burleson, Lee, Milam, Robertson and Washington. Although Brazos County is an urban County with a 20009 population of 163,386 representing 59.9% of the population of all Adjacent Counties, it was included in all Macro Market comparative analysis.
TAXES
2008 reported taxes on the two property ID’s in total are $1,901.49. We increased 2008 by 10% to estimate 2009 property taxes on the entire property at $2,091.64. Tax ID 34234 currently has a homestead exemption.
Consult your tax advisor regarding your expected taxes.
DIRECTIONS
From northbound on Texas Highway 36 at FM 60 Road (from Somerville, College Station, Houston, etc.), it is 9.1 mi. and about 15 min.
(1) Head west (left) on FM 60 Road East for 7.1 mi.
(2) Turn left (south) on State Park Road 57 for 1.6 mi.
(3) Turn left (northeast) on Giebel Lane/Janie Lane for 253 feet.
(4) Turn right (southwest) on Lois Lane for 0.3 mi.
(5) The property entrance is directly in front of you with a CBC Southwest Partners sign.
From southbound on Texas Highway 36 at FM 60 Road (from Caldwell, Austin, Waco, etc.), it is 8.5 mi. and about 13 min.
(1) Head south (right) on FM 976 Road/Frenstat Road for 3.9 mi.
(2) Turn left (southwest) at FM 60 Road East for 2.5 miles.
(3) Turn right (south) on State Park Road 57 for 1.6 mi
(4) Turn left (northeast) on Giebel Lane/Janie Lane for 253 feet.
(5) Turn right (southwest) on Lois Lane for 0.3 mi.
(6) The property entrance is directly in front of you with a CBC Southwest Partners sign.
From eastbound FM 1697 at County Road 124 (from Giddings, Austin, etc.), it is 10.4 mi. and about 19 min.
(1) Head northeast (left) on County Road 124 for 1.5 mi.
(2) Continue on County Road 132 for 3.9 miles.
(3) Turn right (northeast) on County Road 130 for 4.2 miles.
(4) Continue and turn left (southeast) on State Park Road 57 for 0.2 mi.
(5) Turn right (northeast) on Giebel Lane/Janie Lane for 253 feet.
(6) Turn right (southwest) on Lois Lane for 0.3 mi.
(7) The property entrance is directly in front of you with a CBC Southwest Partners sign.
DISCLOSURES & COPYRIGHTS
Coldwell Banker Commercial Southwest Partners is a wholly owned franchise of Alexander Tiffany Southwest, LLC. Analysis is preliminary, based on proprietary systems and models, is time sensitive and based on assumptions-stated and unstated. Graphics are only renderings. Measurements are only estimates. No warranties are expressed or implied. All content is protected by copyright laws, is only for prospects or legal representatives, and should not replace buyers own due diligence and analysis. Any other use is prohibited.
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