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#6465636 - 09/23/16 08:03 PM Out of curiosity???
jsplinter Offline
Tracker

Registered: 05/11/10
Posts: 794
Loc: Copperas Cove
I bought 14 acres earlier this year. It has a creek and pond, the land is wooded and no rocks. It is a weird piece of land for central Texas. The only downfall is that the only access is through an easement between two other properties. So what I did was I went to the back side and found an acre and half attached to my land. Offered the guy 7k and now I have road access to 15.5 acres with electricity and soon to be water. My question is by buying the acre and a half did I improve the value of the 14 acres if I sell it as one piece of land? If so how much do you think by?
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#6465658 - 09/23/16 08:27 PM Re: Out of curiosity??? [Re: jsplinter]
stxranchman Offline
Obie Juan Kenobi

Registered: 08/04/10
Posts: 52092
How much road frontage and what type of road? An owned access/frontage to a property adds a lot of value, how much I can't tell you. You now have 2 ways to access the property also.
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#6465672 - 09/23/16 08:35 PM Re: Out of curiosity??? [Re: jsplinter]
jsplinter Offline
Tracker

Registered: 05/11/10
Posts: 794
Loc: Copperas Cove
It's a paved road, I think it's about 300ft along the road in the front. From the looks of it at one point they had plans to make a subdivision with all the 1 1-2 tracts. Some guy bought them all and has slowly sold off the ins on my side of the road. That's why he gave it to my for 7k. Said he had no use for that one last tract over there
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#6465674 - 09/23/16 08:36 PM Re: Out of curiosity??? [Re: jsplinter]
jsplinter Offline
Tracker

Registered: 05/11/10
Posts: 794
Loc: Copperas Cove
Oh and the road in maintained by the county, they just redid half of it
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#6465688 - 09/23/16 08:48 PM Re: Out of curiosity??? [Re: jsplinter]
jsplinter Offline
Tracker

Registered: 05/11/10
Posts: 794
Loc: Copperas Cove
Do I need combine the two tracts to really get the value out of the 14? Also I would hire an appraiser but I have no intentions of selling it at this time. Just wondering, and who knows what will happen when I retire from the military in a couple years
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#6465696 - 09/23/16 08:53 PM Re: Out of curiosity??? [Re: jsplinter]
stxranchman Offline
Obie Juan Kenobi

Registered: 08/04/10
Posts: 52092
To me that is what I like for a property is very little road frontage, but to others they might not like it. It would add a lot of value to me with it be more secluded. Then add in water and electric on top of the road frontage. Not knowing what you paid for the 14 acres but you might have added a lot value on the whole investment. It is all about the right place and right location with property. Research what properties that size and location are selling far in your area. If you know a local real estate agent I would get his feedback on it over anything I say though. He is in the business.
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#6467052 - 09/24/16 11:49 PM Re: Out of curiosity??? [Re: jsplinter]
blazin Offline
Pro Tracker

Registered: 10/25/11
Posts: 1884
Loc: Texas
It most did not hurt your investment. If and when you decide to sell for an upgrade you can point out the extra access you've added to the parcel. Beauty is in the eye of the beholder so for the right person the land is going to make perfect sense and the extra premium they pay for access is not going to be an issue. Keep us posted on what you've done on the land. This is something most of us on here are really interested in. Owning your own place is awesome.
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#6467254 - 09/25/16 09:51 AM Re: Out of curiosity??? [Re: jsplinter]
Mr. T. Online   content
Pro Tracker

Registered: 11/05/14
Posts: 1613
Loc: Fort Worth - Hunt in Eastland ...
The small road frontage to me added a great deal of value, more than the 7K you paid for it. You asked for opinions and mine is that I will not even look at land that has the word, "easement" in the listing. Just way to many things that can go wrong down the line.
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#6467798 - 09/25/16 06:14 PM Re: Out of curiosity??? [Re: jsplinter]
jsplinter Offline
Tracker

Registered: 05/11/10
Posts: 794
Loc: Copperas Cove
Will do Blazin. So far I have added a 22x36 shed on it and put no climb fence all around it. The fence was my priority because the previous owner had trouble with poachers. I got that up right away and hung no trespassing signs.
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#6467814 - 09/25/16 06:22 PM Re: Out of curiosity??? [Re: jsplinter]
jsplinter Offline
Tracker

Registered: 05/11/10
Posts: 794
Loc: Copperas Cove
Oh and we separated the two lands with the fence, we bought goats that are on the 1 and half right now and will move them to the back once deer season is over. They are great lawnmowers
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#6468167 - 09/25/16 09:15 PM Re: Out of curiosity??? [Re: jsplinter]
blazin Offline
Pro Tracker

Registered: 10/25/11
Posts: 1884
Loc: Texas
Originally Posted By: jsplinter
Oh and we separated the two lands with the fence, we bought goats that are on the 1 and half right now and will move them to the back once deer season is over. They are great lawnmowers


Good deal, I followed your purchase of this acreage from the beginning. Hope your getting some stuff show up at your feeders.
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#6468355 - 09/26/16 12:54 AM Re: Out of curiosity??? [Re: jsplinter]
jsplinter Offline
Tracker

Registered: 05/11/10
Posts: 794
Loc: Copperas Cove
We have lots of doe, one young spike that keeps coming up. One doe and her two fawns that live under the feeder, they are constantly there and we kick them up everytime we go out there.
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#6468620 - 09/26/16 09:18 AM Re: Out of curiosity??? [Re: jsplinter]
PMK Offline
Extreme Tracker

Registered: 09/10/12
Posts: 4942
Loc: Central TX (Gtown/Austin)
signs are easy to remove, be sure to paint the corners with purple paint. Are you financing either of the properties? if so, I would leave them platted separately.
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#6468707 - 09/26/16 10:08 AM Re: Out of curiosity??? [Re: jsplinter]
jsplinter Offline
Tracker

Registered: 05/11/10
Posts: 794
Loc: Copperas Cove
I am financing the 14 acres
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#6468743 - 09/26/16 10:25 AM Re: Out of curiosity??? [Re: jsplinter]
Herbie Hancock Online   content
Bird Dog

Registered: 08/23/16
Posts: 451
Loc: Cypress, Texas
If there are good metes and bounds descriptions of each tract just leave them as two separate tracts. The day you choose to sell if you do the legal description will describe them as two separate tracts. I don't see a reason to get a surveyor in there to get you new metes and bounds just to show it as one tract on paper.

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