New front entrance with gate

This Property Has Been SOLD!

This is a great time to invest in land for sale in the beautiful community of Deerwood Lakes just north of Hempstead, TX .  Hempstead is only about 50 miles from downtown Houston which boasts all the amenities of the big city life for you to enjoy.

It is also very close to Texas A&M University in College Station and only a couple of hours drive to Austin to the west. The Hempstead area offers the advantage of working and/or living in a rural setting with easy access to the full range of urban services in the Houston Metroplex.

“… according to the Federal Housing Finance Agency, Houston’s home price appreciation turned positive in the first quarter of 2012 and has grown each quarter since.”

Deerwood Lakes is a private community with great water activities, a pool and lakes for swimming, fishing and boating, a planned recreational golf course, tennis and basketball courts. It also has a park area with picnic and BBQ facilities. There are lots of hiking trails to explore as this community is still mostly rural amongst green trees. Legendary Oaks golf course is also only about 10 miles away.

This was a community that was begun in the 70’s. It has had its ups and downs but is now again on the upswing as people look for that country lot to get away from it all. There are actually 3 Deerwood developments in the area but Deerwood Lakes is the most developed.  Streets are, for the most part however, still unpaved but well maintained. There is also easy access to FM 2979 and out to Route 6.

Nearby Houston is growing relentlessly  in just this direction towards Austin. According to one county building official, “a .25 acre lot in a fully developed subdivision in Waller County right now would be worth between $35,000 and $50,000. An undeveloped acre is around $30,000.”  Now is the time to buy as land prices will lag but typically follow home prices on the way up.

“Houses are going fast and at higher prices than ever before, experts say. Some properties are selling before they even hit the market. The supply of homes has fallen remarkably low, which has led to bidding wars on the best properties.” – The Houston Chronicle

The Property

According to these knowledgeable sources, you can see that this undeveloped .24 acre lot, already in a subdivision is a bargain. And what’s even better is that this lot, just before the proposed golf course putting green’s 3rd hole, is also close to the lake access as you can see to the left in the picture below.

The lot is wooded and does need to be cleared but that is easily accomplished.  Just imagine your own country getaway with clean air and quiet, starry nights. This is it!

Full disclosure – This lot is deed restricted meaning it has some restrictions on what you can do with it such as a 1500 sf minimum home size, no mobile homes and restrictions on animals. We can provide you with a copy of these deed restrictions or they are also available on the property owners website (see link below). Also, if you wish to build, the septic system required will most likely determine how big the house may be. Please check with Waller County Road & Bridge Dept. (979-826-7670) for complete details.

Summary

With that said, realize that these deed restrictions are meant to preserve a country like setting full of nice homes. This only goes to show that the property owners association (POA) cares about the community and this will provide value in the long run. One example is the new entrance gate recently installed to keep out transient traffic. Email us for the gate code if you intend on visiting the community.

With the economy now recovering, we were also recently told by a local real estate office that vacant properties in Waller County are selling fast. So don’t hesitate. Act now and make your friends and family jealous!

Current Comps

Comparable properties currently listed for sale in the same development or immediate area:

$8,500, .29 acres – Better Homes and Gardens listing (click here)

$9,700, .25 acres – Invaluable government auction listing (click here)

$6,500, .33 acres – Century 21 listing (click here) similar community directly south of Deerwood Lakes

$7,700, .67 acres – Waller County Land Company listing (click here) similar community directly south of Deerwood Lakes

Comparable properties sold in the same development or immediate area:

$2,700, .25 acres – Lot 18662 sold last year in 2014 in the Deerwood Lakes subdivision.

$7,000, .50 acres – Two side by side .25 acre lots sold this year in the Deerwood Lakes subdivision.

We are able to price our property much more affordably because we bought it at a discount and we are passing our savings along to you. Make no mistake – our property is as good if not better than those listed above and on a proposed golf course fairway. Our discounted price gives you thousands in instant equity.

♥  This Property Has Been SOLD  ♥

plus a non-refundable $195 doc prep fee 

PLUS . . .

 Assumption of +/-  $425 of existing debt OR $1500 cash and we will deliver property debt free and clear. See details below

Buyer to assume unpaid 2015 property tax bill of approximately $25.00. You can pay this or defer it – your choice.

Buyer to also assume unpaid property owner’s assessments totaling $400.00. An additional annual bill for another $100.00 will be received in 2016. These amounts can possibly be negotiated with the Property Owners Association and/or payment deferred – your choice.

Remember, for a total of $1,500 cash we will pay above and deliver property debt free – a $120 discount.

Buyer to sign our simple 1-page agreement to become a Texas land owner and we will close your cash purchase just a few days afterward.

Transfer of ownership will be by Special Warranty deed.

 Don’t delay, call or email today!

Call or email to buy or with any questions (see SELLER INFORMATION above right-hand column).

We want you to be 100% satisfied

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