Lund Rd, Elgin, TX 78621 - Bastrop County

LOCATION:

Property is located on the west side of Hwy 95, north of Elgin. Tract offers frontage on both County Line & Lund Roads.

LEGAL:

Tracts 1-6 (save & except Tract 7) as described in Document No. 200701379, Bastrop County Deed Records.

FRONTAGE:

Approximate Frontage:

Hwy 95: 2,336

Lund Road: 3,730

County Line Road: 4,765

UTILITIES:

Water: Aqua Water Supply Corporation

Wastewater: City of Elgin with extension and development agreement.

SCHOOL DISTRICT: TAXES: 2019 total ad valorem under Ag use $5,476

Elgin ISD

IMPROVEMENTS:

5,000 SF Metal Building, 800 SF Pole Barn, 4,740 SF Pole Barn, 8,400 SF Pole Barn, 2,800 SF Pole Barn, 9,800 SF Pole Barn

MINERALS (Oil & Gas):

Seller is believed to own all minerals. Seller intends to reserve minerals subject to contract negotiation.

FLOOD PLAIN:

Based on data obtained from the FEMA National Flood Insurance Digital Flood Insurance Rate maps for Bastrop & Travis County, Texas, the tract does contain land area within the 100-year floodplain area (note attached map).

RESTRICTIONS:

Seller to restrict land against mobile or modular homes to be placed on property.

COMMENTS:

The 568 acre tract is located north of Elgin Texas on the west side of SH 95, south side of Lund Road and east side of County Line Road. Elgin High School is located 1.4 miles south of the property. The property is within the City of Elgin ETJ with very active development occurring immediately south of the property. The size of the subject would encourage mix use development and possible creation of municipal utility district (MUD).

A purchase with continued use of existing agriculture operation would provide long term investment potential.