Five acres of land available for development 1/2 mile from Creekside. This location at Barbarosa Road and Alves Lane is in the middle of prime development. As Alves Lane is improved with the new city bond issue and F.M. 306 is to be extended in the future, this tract is a prime corner.There is currently a nice home with swimming pool on the property, but the value is in the land. No city limits/taxes. The home is owner occupied.
FM 1101 to East on Barbarosa Road (FM 306) to Alves Lane. Property on right.
The approximate monthly Principal & Interest payment for this property would be $7,365. This payment is based on a 30-year loan at a fixed rate of 3.60 % with a down payment of $180,000. Actual lender interest rates and loan programs may vary.
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