SPEIR LANE, LOT 4 – UNDER CONTRACT

Address: Adjacent to: 156 Speir Ln, Elgin, Texas 78621

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: Beautiful 3.665 acre lot, secluded and set back from the street on a level but elevated lot bordered by large oaks with views over a large gorgeous pond. A temporary drive has been cut in to provide access. It is located in a peaceful, country setting on a dead-end street. Clear of brush and ready to build a home or homes. Your driveway will take you around a scenic pond (genuinely beautiful… on the neighboring property) with overhanging trees to the back of your property where home(s) will sit. Multiple homes/manufactured homes allowed by Deed Restrictions. Asphalted 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. No single-wides. Just a tiny corner of the property is in the flood zone and would not affect driveway access or building sites. Surveyor can confirm. Buyer to confirm. Public water line running in front of property on Speir Lane with Aqua Water and able to be tapped by this lot, though Buyer may want to consider a well due to the Property’s size and potential for a stunning landscaped property… and a well provides unlimited water. Electric available from Blue Bonnet. Buyer to verify availability of all utilities, restrictions, flood zone, driveway access, etc. Septic needed. Buyer to get survey. Light deed restrictions in documents to protect property values. See Deed restrictions in link below.

Property Features:

Beautiful 3.665 acre lot
Secluded and set back from the street
Level but elevated lot with large oak trees and views of a gorgeous pond
Peaceful, country setting on a dead-end street
Ready to build a home or homes, clear of brush
Scenic driveway around a beautiful neighboring pondMultiple homes/manufactured homes allowed by Deed Restrictions
Asphalted street
Convenient location: minutes from Elgin, 15 minutes to Bastrop, & 25 minutes to Tesla
Opportunity to raise chickens and/or sheep

Switch to:

Speir 1
Speir 2
Speir 3

WHAT UTILITIES ARE INCLUDED?

Public Water is available through Aqua Water; Buyer would need to have a water tap installed to utilize public water. Cost is ~$6,500 for Aqua Water to install a water tap and meter. Buyer to verify. Alternatively, Buyer would recommend installing a well. The cost of a well is ~$16,000, but then water usage is essentially unlimited for only the cost of electricity to run the well pump. Installing a well is a good option for larger properties like this as the entire property can be irrigated without paying for monthly water usage or running the water line from the street to the home site. Electricity is available through Bluebonnet Electric. Buyer will need to have Bluebonnet drop an electric pole where desired. Cost for a pole is ~$2,000, but will depend on Buyer’s desired location for pole. Buyer to verify.

ARE THERE ANY RESTRICTIONS?

Yes. There are light deed restrictions to preserve property values. Please see the deed restrictions here. Seller has the ability to consider granting waivers to certain deed restriction items. Please reach out to Seller if you have questions.

CAN I BUILD MORE THAN 1 HOUSE?

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

CAN I HAVE A MANUFACTURED HOME?

Yes. Double-Wide manufactured homes or larger built within 5-years of installation on the property are permitted. Single-Wide manufactured homes are not permitted. See the Deed Restrictions here for more details. Seller has the ability to consider granting waivers to certain deed restriction items. Please reach out to Seller if you have questions.

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. See the Deed Restrictions here for more details. Seller has the ability to consider granting waivers to certain deed restriction items. Please reach out to Seller if you have questions.

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