128.954 acres: Wise County, Texas Parcel ID: Address: Legal description:
736330 0000 CR 3838, Bridgeport, TX A-266 SG EVITTS, 128.954 acres
NIGHTINGALE CAPITAL Consulting
Development
Realty
AGENT CONTACT INFORMATION KELSEY GRACE CAPPS PRESIDENT, NIGHTINGALE CAPITAL 469-460-0380 KGNIGHTINGALECAPITAL@GMAIL.COM
TEXAS OFFICE ADDRESS:
MICHIGAN OFFICE ADDRESS:
1610 SHADYWOOD LANE MOUNT PLEASANT, TEXAS 75455
4150 E. BELTLINE AVE. GRAND RAPIDS, MI 49525
LICENSED IN TEXAS AND MICHIGAN
PROPERTY DETAILS Sales price: $2,321,043.05 | Price per acre: $17,999
Floodplain ±35%
Current Agricultural tax exemption
Road frontage ±2,595 feet on CR 3838
Ideal for development and investment opportunities
Taxable value in 2022: $7,040
12 acres of coastal hay with cattle lease continuance available
New survey purchased Oct. 2023 by seller Electric lines available on two sides of the property Pond available for livestock
NEIGHBORHOOD DETAILS NEARBY TOWNS AND CITIES 5 minutes from Bridgeport 30 minutes from Decatur 40 minutes from Mineral Wells 40 minutes from Weatherford 1 hour from Denton 1 hour from Fort Worth 1.5 hours from Dallas
NEARBY TOWNS AND CITIES 10 minutes from Lake Bridgeport 10 minutes from Runaway Bay 1 hour from DFW International Airport
School district Bridgeport Independent School District
Electric provider Oncor Electric
Water source Wells, Walnut Creek SUD*
** Contact Upper Trinity Water Conservation District for information on water studies. Seller is retaining their mineral rights, has no active leases or wells.
COMPS FOR 128.954 ACRES “AS IS”
Pulled from MetroTex MLS and Lands of Texas *roughly 50 mile radius from target property
PROJECTED SUBDIVISION PROFIT MARGIN
Worst case
Best case
$2,998,764 | 30%
$5,393,250 | 132%
WISE COUNTY SUBDIVISION REGULATION HIGHLIGHTS Private drives are allowed for up to four lots, with additional lots allowed using county road frontage. Private drives can be gravel, and require signage and HOA formation for maintenance. County spec roads are required for higher density lots, and can be designated as private roads within the subdivision if desired. HOA formation required. Water is supplied by wells. Minimum lot size for a well and septic system is 2 acres. Water study required for subdivisions of 4 lots and up. Pursue through Upper Trinity Water Conservation District. Walnut Creek SUD services the area, but no pipes exist at property at this time. Minimum road frontage for all lot sizes is 150’. Soil studies required for every third lot requiring a septic system. Ag Exemption minimum acreage is 10 acres for tax exemption preservation. Link to full Wise County subdivision regulations and platting requirements: https://co.wise.tx.us/DocumentCenter/View/3928/Development-Rules-and-Regulations-12-12-2022?bidId= *All numbers are estimates based on comps run 12/23, and on subdivision layout designs with multiple lots that are 2-35 acres in size. These projections are not a guarantee of investment return.
COMPS FOR DEVELOPER ESTIMATES Pulled from MetroTex MLS and Lands of Texas
Worst case
Best case
MAPRIGHT LAYOUTS Olsen, 129.13 acres
Wise County, Texas, 129.13 AC +/-
Worst case
± 2,595 feet
Boundary
Crude Oil
Natural Gas
WITHOUT FLOODPLAIN
Other
The information contained herein was obtained from sources deemed to be reliable. Land id™ Services makes no warranties or guarantees as to the completeness or accuracy thereof.
MAPRIGHT LAYOUTS Olsen, 129.13 acres
Wise County, Texas, 129.13 AC +/-
Best case
± 2,595 feet
Boundary
100 Year Floodplain
WITH FLOODPLAIN
500 Year Floodplain
Floodway
Special
Unmapped/ Not Included
Crude Oil
Natural Gas
Other
The information contained herein was obtained from sources deemed to be reliable. Land id™ Services makes no warranties or guarantees as to the completeness or accuracy thereof.
*Blue on the map is an estimate of floodplain extent, and does not depict live water
SURVEY
Best case //
0'
250'
SCALE : 1"= 250' 500'
NIGHTINGALE CAPITAL Consulting
Development
Realty