| Tract 2 CR 317 Appr. 7.25
acres +/- |
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List Price: $159,000
Acres: 7.25
Location: Fairview, TX 75069
School District: Lovejoy ISD
Additional Information
Price recently reduced. This tract is located on the corner of CR317
& CR323. The property is extremely scenic, heavily treed in some
areas and also has Wilson Creek frontage. This land does not have a
current survey. The acreage amount was derived from the Collin
County Central Appraisal Tax District. There is also some obvious
flood plain with this tract, but there does seem to be several build
sites along CR 323. Surveying and Engineering will be required to
confirm building availability. Owners will consider offers that
would allow buyers to have the property properly evaluated &
surveyed during a short-term option period at no cost to buyer.
14.5 Acres CR 317 & CR 323 - Flood Hazard Zoning / Options
A meeting was held 4/30/08 with the Town of Fairview Planning &
Engineering Departments to better understand the Flood Hazard Zoning
associated with this tract and to determine what options are
available.
There are options that will allow for the flood plain to be
reclaimed and the property to be used. After the discussion, the
most logical approach seemed to be:
1. To have a Preliminary Flood Study Analysis done on the property:
This will determine "flood-plain" versus "flood-way". Use or
reclaiming of "flood-way" property is very limited. The goal is to
move the "flood-plain" line. The preliminary analysis should be less
expensive than the full analysis. Also, a company by the name of
Carter & Burgess (hydrology / flood study engineering) has already
done a flood study for several other tracts of land in this area.
They may already have some documentation on hand. The Carter &
Burgess contact is: Burt E. Weathersbee, PE. Phone number is
214-638-0145.
2. Formal Flood Study Analysis documenting intent and required
changes.
3. Request FEMA to move the flood plain line based on the Owner's /
Buyer’s intended use and engineering report to support the required
changes.
4. Submit the documentation to Fairview Engineering Dept. They
should approve based on items 1-3.
Contact Doyle Bailey at 214-289-3281 for more information.
Directions: From Central Expressway take Stacy Road east to FM 1378.
Turn left. Go to bottom of hill and turn right (Stacy continues to
east). Go to end of Stacy Rd and turn left. Property is located at
the bottom of the hill on left, just prior to Wilson Creek.
Landsmyth sign on property.
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| The information contained herein
has been secured from sources we deem to be reliable and to the best
of our knowledge and belief, is true and correct; however, it is not
guaranteed and we make no representation or warranties, expressed or
implied, as to its accuracy or completeness. Additionally, this
information is submitted subject to prior sale or lease and subject
to change of price, rental or other conditions, or withdrawal from
the market without notice. - Landsmyth Properties |
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