EXECUTIVE SUMMARY
Coldwell Banker Commercial Southwest Partners has been retained as the exclusive advisor for a once in a life-time opportunity to own Cedar Glen Farms of Chappell Hill, one of the most prestigious properties on US 290, the historic highway connecting Austin and Houston and only 45 minutes from northwest Houston!
PROPERTY WEBSITE
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HIGHLIGHTS
((1) One of the most prestigious and accessible properties in the Chappell Hill area of the Houston Hamptons located directly on US 290 at the eastern edge of the Texas Hill Country!
(2) Your own private Utopia with board fencing, electric gate assuring privacy...
(2) Your own private Utopia with board fencing, electric gate assuring privacy and opening to a lush 30-acre estate with natural beauty, small town charm, and luxury!
(3) Down the meandering paved drive, the custom Georgian home, guest house and pool are tucked among mature landscaping all enclosed by a wrought iron fence.
(4) The custom premier quality 2-story home has 4,060 SF, downstairs master bedroom suite with study and fire place, plus 3 bedrooms and 3 baths upstairs and a 3-car garage.
(5) Completing the luxury amenities are a matching 1 bedroom, 1 bath, 1,800 SF guest house, pool with extensive outdoor living areas
(6) The attractive, well built metal barn that can accommodate 4 large stalls and shop/storage area with cement floor.
(7) Commutable from Houston! 45 miles and 45 minutes from northwest Houston (US 290 and Beltway interchange) and 63 mi. from downtown!
(8) Excellent regional access: 34 mi. to Round Top, 43 mi. to Katy, 55 mi. to College Station, 66 mi. to Sugar Land, 71 mi. to Bastrop, 77 mi. to The Woodlands, 80 mi. to Pearland and 95 mi. to east Austin (I 35 and US 290 interchange).
(9) Vibrant Washington County 2009 economy estimated at $800M+, growing at a 5.3% annual rate combined with a very low unemployment rate (2.6% in December 2008).
(10) Demographics and econometrics of Washington County are compelling even compared to the 7 largest Counties in Texas with highest %:
(a) single family detached residences;
(b) owner occupied homes;
(c) annual % growth in after tax household incomes;
(d) annual % growth in household incomes;
(e) annual % growth in $100K households;
(f) annual % growth in $150K households; and
(g) annual % growth in $250K households.
(11) Demographics and econometrics of the Chappell Hill area zip code (77426) are #1 compared to Washington County and Brenham with highest %:
(a) bachelor’s, master’s, Ph.D.’s and professional degrees;
(b) married and living together;
(c) % employees in the private sector and in white collar jobs;
(d) high end home values; and
(e) high income households.
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.
3% 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 buyer broker commission.
A buyer broker does NOT have to accompany their buyer to any showings.
PROPERTY
We are pleased to present a once in a life-time opportunity to own a spectacular property on US 290, the prestigious and historic highway that connects Austin and Houston.
Your own private Utopia located minutes east of historic Chappell Hill. The moment the gate opens and you enter the lush 30-acre estate, you have the perfect blend of what you want -- natural beauty, small town charm, and luxury!
Passing rolling pasture and a perfect barn, the paved drive leads you to the sophisticated custom Georgian home tucked among stunning landscape and flanked by a guest house & pool.
The premier quality 2-story home has 4,060 sq. feet, a downstairs master bedroom suite with study and fire place, 3 bedrooms and 3 full baths upstairs.
The expanse of windows along the exterior living room wall provides tremendous views of the beautiful irrigated yard.
The home features: 3 fireplaces, hardwood floors, Gourmet kitchen with breakfast area, dining room w/fireplace, 3-car garage, abundant built-in storage throughout, and brick/Hardiplank exterior.
The 2-storyguest house has 1,800 SF, one bath, kitchen and living area downstairs and a bedroom upstairs.
The well built metal barn can accommodate 4 large stalls each having a back door and approximately 750 SF of cemented shop/feed/storage area.
A wrought iron fence with electric gate separates the home, guest house and pool grounds from the acreage.
All plants and trees on the entire 30 acres have a water supply.
Each spring, the bluebonnets and other native wildflowers and fauna provide Washington County and this historic trail a visitor destination second to none in Texas!
LOCATION
(1) Highway and Interstate access.
Directly on US Highway 290. Approximately 45 mi. to the Houston Beltway, 55 mi. to I 45 and 95 mi. to I 35.
(2) Greater Houston area access.
30 mi. to Sealy, 43 mi. to Katy, 45 mi. to NW Houston (Beltway and US 290), 55 mi. to Columbus at I 10, 63 mi. to downtown Houston, 64 mi. to Bellaire, 66 mi. to Sugar Land, 77 mi. to The Woodlands, 80 mi. to Pearland and 86 mi. to Conroe.
(3) Local and Greater College Station area access.
20 mi. to Washington, 23 mi. to Independence, 29 mi. to Lake Somerville, 31 mi. to Navasota, 47 mi. to Caldwell, 55 mi. to College Station, 73 mi. to Huntsville (I 45 and US 75), 76 mi. to Cameron, 77 mi. to Hearne, 81 mi. to Rockdale and 92 mi. to Madisonville (I 45 and US 190).
(4) Greater Austin area access.
34 mi. to Round Top, 45 mi. to Giddings, 50 mi. to La Grange, 63 mi. to Lexington, 71 mi. to Bastrop, 77 mi. to Elgin, 80 mi. to Rockdale, 87 mi. to Manor, 94 mi. to Taylor, 99 mi. Pflugerville and 101 mi. to Austin.
(5) Airport access.
13 mi. to Brenham Municipal Private Airfield (11R), 53 mi. to Easterwood Field at College Station (CLL) with service to Houston Intercontinental via Continental Airlines commuters, 67 mi. to Houston Bush Intercontinental (IAH), 75 mi. to Houston Hobby International (HOU) and 97 mi. to Austin Bergstrom International (AUS).
BRENHAM MUNICIPAL AIRPORT
(1) FAA identifier. 11R.
(2) Runways. 2 (Runway 16 and Runway 34).
(3) Runway displaced threshold length. 4,896’.
(4) Jet capable. Yes depending on runway requirements.
(5) Fixed base operator. Southern Flyer.
(6) Nationally known Diner. The Southern Flyer Diner is a “destination” in and of itself. Aviators with their friends and families frequently “fly in” just for lunch.
SCHOOL DISTRICT COMPARISIONS
School district comparisons are becoming more difficult. We utilize GreatSchools as a base line tool for broad comparative analysis of school districts across geographic areas.
Analysis Boundaries
For this analysis, we defined the market area as:
(1) Eastern boundary. Greater Houston area school systems.
(2) Northern boundary. Greater Bryan-College Station area school systems.
(3) Western boundary. Greater Austin area school systems.
(4) Southern boundary. Roughly school systems following I 10 west of Houston and then following US 71 toward Austin.
This geographic area includes 85 public and private school systems.
Rankings and Data Sources
GreatSchools ranks school districts on a scale of 1 to 10 with 10 being the highest score.
GreatSchools utilizes public school test scores for most states Departments of Education. School contact information and teacher/student statistics are obtained from both the state Department of Education and the National Center for Education Statistics (NCES).
Brenham Scored Equal to or above 94% of School Systems in the Defined Analysis Area
The Brenham Independent School District scored equal to or above 94% of all school systems. 20 other school systems scored an 8, 4 scored a 9 (Bellville, Wallis, Round Top and Friendswood) and 1 scored a 10 (Mumford).
Joining Brenham with a score of 20 are: Bellaire, Bryan, Carmine, Cedar Park, College Station, Deer Park, Dripping Spring, Fayetteville, Franklin, Georgetown, Hockley, Iola, Katy, Klein, Lago Vista, Leander, Oak Hill, Pearland, Sugar Land and Thorndale.
Great Schools Overview
GreatSchools profiles more than 90,000 public elementary, middle and high schools in the United States. Charter schools, magnet schools, year-round schools, and some continuation and alternative schools are included as well.
In addition, GreatSchools includes basic information on more than 30,000 private schools. This information is limited because private schools are not required to give tests or report results.
GreatSchools utilizes public school test scores for most states Departments of Education. School contact information and teacher/student statistics are obtained from both the state Department of Education and the National Center for Education Statistics (NCES).
GreatSchools receives generous support from leading foundations that share their goal of empowering parents to support their children's education, including the Bill and Melinda Gates Foundation, The Broad Foundation, The Hewlett Foundation and The Robinson Foundation. GreatSchools.net also generates revenue from advertising and content licensing programs.
For more information see the GreatSchools website or contact us.
QUALITY OF LIFE CONSIDERATIONS
The Washington-Chappell Hill Area offers an enviable quality of life with a low cost of living, child friendly safety, stable family environment, very low unemployment and moderate weather.
For this analysis, we conducted comparative analysis of the Washington-Chappell Hill Area to the following Benchmarks:
“Area Comparative Cities”: The following 9 communities/ market areas in close proximity to the Washington-Chappell Hill Area: Bastrop, Bellville, Brenham, Hempstead, La Grange, Magnolia, Sealy, Tomball, Waller and the Washington-Chappell Hill Area.
“Market Basket Cities”: The average of 100 communities in Washington County, adjacent Counties and Counties that are a County removed that are not metropolitan.
“Largest Texas Cities”: averages of the 5, 10, 25 and 50 largest Texas Cities.
“Area Premiere Rural Communities” include Round Top, Independence-Gay Hill area and Washington-Chappell Hill Area.
(1) Low cost of living.
The Washington-Chappell Hill Area 2008 est. cost of living is 18% below the US average.
(2) Very high average 2007 home values.
The average for the Washington-Chappell Hill Area is $264,452 and ranks # 2 lagging only Round Top.
(3) Very low poverty rate.
With only 8.5% of the population living at or below the poverty level, the Washington-Chappell Hill Area ranks # 4 lagging only Round Top, Burton and Bellville.
(4) Very low unemployment rate.
With only 4% of the population unemployed as of December 2008, the Washington-Chappell Hill Area ranks # 3 lagging only Round Top and Bastrop.
(5) Highest % population married and living together.
With 61.2% of all residents over the age of 25, married and living together, the Washington-Chappell Hill Area ranks # 2.
(6) Low % divorced.
With only 8.0% of all residents over the age of 25 currently divorced, the Washington-Chappell Hill Area ranks # 1 compared to all Benchmarks.
(7) High % of residents completing high school.
With 78.2% of the population completing high school, the Washington-Chappell Hill Area ranks # 2 lagging only Round Top.
(8) Temperate weather.
Throughout the year, average temperatures range from the mid 30s to the upper 90s. In December and January average temperatures are in the upper 40s. Summer peaks in July and August with average temperatures in the mid 80s. The area has clear days about 75% of the year.
Note that when you are reviewing the related PDF sets, if a specific city/community does not include any data, it means the information is not reported. It does NOT mean the answer is 0. For example, if an area is an unincorporated area, crime and building statistics will not be available. In addition, some markets only report mean (average) housing prices/values, some only report median (50th percentile) and some report both.
MICRO MARKET DEMOGRAPHICS & ECONOMETRICS
We define the micro market as a 1, 3 and 5-mile radius from the property, the City of Brenham (Chappell Hill is not an organized community), the 77426 zip code which roughly represents the Chappell Hill-Washington area and Washington County. As appropriate, we provide benchmarks to Texas and the US.
For this analysis, we utilize the zip code as the base line for comparison to Brenham and Washington County.
(1) Fundamental demographic indicators.
a. Highest % youthful population (under 10 and 10-17 age groups).
b. Highest % population in prime wealth generating age groups (45-54 and 55-64 age groups).
c. Highest annual % population growth.
(2) Fundamental econometric indicators.
a. Lowest unemployment rate.
b. Lowest poverty rate.
c. Highest % economic growth.
d. Highest annual consumer spending per person.
(3) Household income.
a. Highest average after tax income.
b. Highest average household incomes.
c. Highest % $100K households.
d. Highest % $150K households.
e. Highest % $250K households.
f. Lowest % annual incomes under $15K.
g. Lowest % annual incomes $15K to $24.9K.
h. Highest % annual incomes $75K to $99.9K.
i. Highest % annual incomes $100K to $149.9K.
j. Highest % annual incomes $150K to $249.9K.
(4) Education indicators.
a. Highest % adults with a doctorate degree.
b. Highest % adults with a professional degree (MD, JD, etc.).
c. Highest % adults with a bachelor’s degree.
d. Lowest % adults with no high school education.
e. Lowest % adults with some high school but no diploma or GED.
(5) Marital status at zip code level.
a. Highest % married and living together.
b. Lowest % separated.
c. Lowest % widowed.
(6) Workplace and employment indicators.
a. Highest % white collar workers.
b. Lowest % blue collar workers.
c. Lowest % green collar workers.
d. Highest % private sector workers.
e. Lowest % government/NFP workers.
f. Lowest % manufacturing workers.
g. Lowest % wholesale workers.
h. Lowest % finance workers.
i. Lowest % service workers.
j. Highest % construction workers.
k. Highest % infrastructure (transportation, communications and utilities) workers.
(7) Residence indicators.
a. Lowest % homes valued less than $100K in 2000.
b. Highest % homes valued $150K to $199K in 2000.
c. Highest % homes valued $200K to $299K in 2000.
d. Highest % homes valued $300K to $399K in 2000.
e. Highest % homes valued $400K to $499K in 2000.
f. Highest % home detached single family residences in 2009.
g. Highest estimated average residence values in 2009.
h. Highest % owner occupied homes in 2009.
COUNTY MACRO MARKET DEMOGRAPHICS & ECONOMETRICS
We define the macro market area as Washington County and all adjacent Counties. As appropriate, we provide benchmarks to Texas and the US.
(1) Macro market demographic indicators.
a. Growing population.
Estimated at 32,708 in 2009. Projected 1.0% per year (same as US) through 2014.
(2) Macro market econometric indicators.
a. Strong local economy.
Estimated at $800M+ in 2009. Projected to grow at a 5.3% annual rate achieving $40M growth year over year through 2014.
b. Low unemployment rate.
2.6% in December 2008.
c. Low poverty rate.
9.8% in December 2008 compared to 12.0% in Texas.
(3) Macro market household income.
a. Growing average after tax household income.
Estimated at $48,527 in 2009. Projected to grow 2.4% per year through 2014.
b. Growing average household income.
Estimated at $57,905 in 2009. Projected to grow 2.5% per year through 2014.
c. Over a 4 year period, doubling % of upper income households (at least $100K), higher income households (at least $150K) and very high income households (at least $250K).
$100K households will grow 26.9% per year doubling to 17% in 2013, $150K households will grow by 25.6% per year doubling to 6%, and $250K households will grow by 28.3% per year to 1.5%.
d. Very high % of extremely high income households (at least $500K).
With 0.21% of households in this category, it ranks #2.
e. High % professional degrees.
With 1.4% of the population holding professional degrees (MD, JD, etc.) it ranks #2.
f. High % with at least bachelor’s degrees.
With 13.7% of the population with a bachelor’s degree it ranks #2.
(4) Macro market residential overview.
a. Highest % homes with 2000 valuations $500K to $749.9K.
With 1.5% of homes valued at $500K to $749.9K it ranks #1.
b. Highest % homes with 2000 valuations $750K+.
With 0.9% of homes valued at $750K or higher it ranks tied for #1 with Austin County.
c. High 2009 estimated average home value.
With an estimated average value of $112,531 it ranks #2.
d. High % single family detached homes.
With 73.5% of all homes in this category it ranks #2.
e. Low % of mobile homes.
With only 13.7% of all homes in this category it ranks #2.
f. High average monthly rents.
With an estimated average monthly rent of $506 it ranks #2.
Adjacent Counties include Austin (in the Houston CBSA), Brazos (a CBSA), Burleson, Fayette, Grimes, Waller (in the Houston CBSA) and Washington.
WASHINGTON COUNTY COMPARED TO 7 LARGEST TEXAS COUNTIES
We compared Washington County to the 7 Largest Texas Counties by population: Harris, Dallas, Tarrant, Bexar, Travis, Collin and El Paso Counties. The 7 Largest Texas Counties comprise 50.45% of the population of Texas although representing only 2.7% of the 255 Texas Counties.
(1) Highest % single family detached residences.
With 73.5% of all Washington County residences single family detached, it ranks #1.
(2) High % residences valued at $500K to $749K in 2000.
With 1.5% of all Washington County residences were valued between $500K and $749K in 2000 it ranks #3.
(3) High % residences valued at least $750K in 2000.
With 0.9% of all Washington County residences valued at least $750K in 2000 it ranks tied for #3.
(4) Highest % residences owner occupied.
With 79.3% of all Washington County residences single family dwellings it ranks #1.
(5) Highest % population in prime income age group (ages 45 to 64).
With 22.1% of all Washington County residents between 45 and 64 year old, it ranks #1.
(6) High % population married and living together.
With 53% of all residents over the age of 15, married and living together, it ranks tied for #2.
(7) Lowest % divorced.
With only 7.4% of all residents over the age of 15 currently divorced it ranks #1.
(8) Low % unemployment.
With a 2.6% unemployment rate as of December 2008 it ranks #2.
(9) Highest annual % growth in after tax household incomes.
With projected growth at 2.4% per year from 2009 to 2013, it ranks #1.
(10) Highest annual % growth in average household incomes.
With projected growth at 2.5% per year from 2009 to 2013, it ranks #1.
(11) Highest annual % growth in high household incomes (at least $100K annual incomes).
With projected growth at 26.9% per year from 2009 to 2013, it ranks #1.
(12) Highest annual % growth in higher household incomes (at least $150K annual incomes).
With projected growth at 25.6% per year from 2009 to 2013, it ranks #1.
(13) Highest annual % growth in very high household incomes (at least $250K annual incomes).
With projected to grow at 28.3% per year from 2009 to 2013, it ranks #1.
GRAPHIC ANALYSIS
All analysis is based on defined and published sources.
There are 958 underlying Nielson Claritas reports.
There are 70 PDF files with graphics, analysis and data available from the property dedicated site and on request:
(1) Narrative detail
(2) Pictures 1 “Farm”
(3) Pictures 2 “Estate Compound”
(4) Highlights
(5) Plats
(6) Satellites
(7) Topographics
(8) Maps, driving distances & driving times
(9) Weather
(10) Quality of life database table
(11) Quality of life economics
(12) Quality of life safety and security
(13) Quality of life education
(14) Quality of life marital status
(15) Density studies
(16) Micro Market demographic & econometric (D&E) summary
(17) Micro Market population and employment
(18) Micro Market highest education attained
(19) Micro Market population by age
(20) Micro Market residence fundamentals
(21) Micro Market residence types within geographies
(22) Micro Market residence types by geographies
(23) Micro Market residence values within geographies
(24) Micro Market residence values by geographies
(25) Micro Market marital status
(26) Micro Market employment by collar color (blue, green & white)
(27) Micro market household income by geographies
(28) Micro market household income within geographies
(29) Micro Market workplace & employment (WP&E) summary
(30) Micro Market WP&E market fundamentals
(31) Micro Market WP&E employment by market segment
(32) Micro Market WP&E employment by geographic area
(33) Macro Market D&E summary table
(34) Macro Market population and employment
(35) Macro Market highest education attained
(36) Macro Market population by age
(37) Macro Market residence fundamentals
(38) Macro Market residence types within geographies
(39) Macro Market residence types by geographies
(40) Macro Market residence values within geographies
(41) Macro Market residence values by geographies
(42) Macro Market marital status
(43) Macro market employment by collar color
(44) Macro market household income by geographies
(45) Macro market household income within geographies
(46) Macro Market WP&E summary table
(47) Macro Market WP&E market fundamentals
(48) Macro Market WP&E employment by market segment
(49) Macro Market WP&E employment by geographic area
(50) County Comparison to 7 Largest Texas Counties (“Top 7 County Comparison”) D&E summary table
(51) Top 7 County Comparison population and employment
(52) Top 7 County Comparison highest education attained
(53) Top 7 County Comparison population by age
(54) Top 7 County Comparison residence fundamentals
(55) Top 7 County Comparison residence types within geographies
(56) Top 7 County Comparison residence types by geographies
(57) Top 7 County Comparison residence values within geographies
(58) Top 7 County Comparison residence values by geographies
(59) Top 7 County Comparison marital status
(60) Top 7 County Comparison employment by collar color
(61) Top 7 County Comparison household income by geographies
(62) Top 7 County Comparison household income within geographies
(63) Top 7 County Comparison WP&E summary table
(64) Top 7 County Comparison WP&E market fundamentals
(65) Top 7 County Comparison WP&E employment by market segment
(66) Top 7 County Comparison WP&E employment by geographic area
(67) Downloadable PDF sets, available Neilson Claritas reports and web links
(68) Multi page flyer with HTML links (web optimized)
(69) Single page flyer with HTML links (web optimized)
(70) E-Book with HTML links (web optimized)
TAXES
2008 reported taxes are $7,518. We increased 2008 by 30% to estimate 2009 taxes at $9,773 on the entire property.
Consult your tax advisor regarding your expected taxes.
DIRECTIONS
From northwest Houston at the US 290 and Beltway interchange, it is 45 miles and about 45 minutes.
(1) Travel northwest on US 290 for 45 miles. After you cross the Brazos River and enter Washington County, it is about 1.5 miles on your left. There is a large CBC sign on the property.
(2) If you reach the red light at FM 1155 Road and US 290, you have gone too far!
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.