$ 2,300,000
10651 County Road 41 Lindale, TX 75771
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$ 2,300,000
Est. payment /mo
Active
10651 County Road 41 Lindale, TX 75771
129.54 Acres Lot
UPDATED:
10/08/2024 05:26 PM
Key Details
Property Type Vacant Land
Sub Type Rural Acreage
Listing Status Active
Purchase Type For Sale
Subdivision Tx
MLS Listing ID 24013972
Lot Size 129.540 Acres
Acres 129.54
Property Description
Discover an unparalleled investment opportunity in Lindale, Texas. This expansive 129.54-acre parcel is positioned to capitalize on Lindale?s flourishing community and exceptional school district. Priced competitively at $2,300,000, this property offers significant potential for residential development. Key Features: ? Size: 129.54 acres ? Utilities: Water, sewer, and electricity available at the road ? Location: Convenient access to local amenities and major roadways Exceptional School District: Lindale Independent School District (Lindale ISD) is recognized as one of the top-performing districts in Texas. With a ranking in the top 5% statewide, Lindale ISD boasts impressive academic performance metrics: ? Math Proficiency: 73% ? Reading Proficiency: 74% ? Science Proficiency: 71% ? Graduation Rate: 99% These achievements highlight the district?s commitment to educational excellence, making this property ideal for families seeking quality education for their children. Demographic and Economic Highlights: The local community is characterized by demographics with a strong professional employment base. Key economic indicators include: ? Average Household Income: $111,687 ? Disposable Income: $86,455 ? Unemployment Rate: 3.4%, below the national average These factors contribute to a vibrant local economy, bolstered by a high homeownership rate of 84.4%. Real Estate Market Analysis: Lindale?s real estate market is robust, reflecting a healthy growth rate and substantial purchasing power among residents. The area?s population has grown by 8.27% since the last census, underscoring its appeal as an attractive place to live. The median home value, currently at $315,220, has seen slight recent adjustments, presenting an opportune moment for investors to enter the market. Residential Development Potential: This expansive parcel is apt for residential development: ? Subdivision Development: The property is ideal for creating a new residential subdivision. With
Location
State TX
County Smith
Area Smith
Exterior
Fence Barbwire Fence
Waterfront No
Building
Water Well, Municipal Utility Distric
Schools
Elementary Schools Lindale
Middle Schools Lindale
High Schools Lindale
Listed by Jarrod Ver Hey • Staples Commercial Group, LLC