Oakbend Addn-CS 950710CENTEX
HOMES
July 10, 1995
Mr. Ken Griffin
City of Coppell
P. O. Box 478
Coppell, Texas 75019
Dear Ken,
It was a pleasure meeting with you last week and I'm looking forward to working out the conclusion
of our Oak Bend Lot "01" of Block "A" with you.
After concluding that the lot would not be buildable after acquiring the "proposed right-of-way with
600' radius" we discussed the city's purchase of the lot for what we have in it ($40,000).
Ken, selling lots is not something we typically do. Our business centers around developing a lot,
building a home and then marketing the whole package. Our profits, of which I will not be able to
produce on this lot through your purchase, are only produced on the whole package.
I support your position of the lot purchase and feel it would be in the best interest of the city versus
dealing with the lot, a house, and a customer in the years to come. It certainly will be less
expensive.
To help determine the true value of this lot I asked John D. Ward of Neitzel Real Estate Company
to provide me a list of available lots and their current costs. I have attached his list in the hopes it
will assist you when you go before Council.
If I can be of further assistance please feel free to call me at 221-5556.
Dallas North Division President
BK/cw
enclosure
1660 S. Stemmons Frwy., Suite 150 ./Lewisville, Texas 75067 / 214-221-5556
333dd00
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COPPELL LOT SUMMARY
AS OF JUNE 20, 1995
SUBDIVISION TOTAL LOTS LOTS REMAINING SlZl~ PRICE PER LO'I
1. Villal~es of Cottonwood Creek 253 51 7~000& 9~000 $35~000 to $48~00(
2. Oak Bend 146 53 68'x120' & up
3 Bi[g Cedar 40 6 9,000 + $46,000 & up
4. Chantau~a Place 29 2 9,000 + $35,000 to $41,00~
5. Hunnin~ton Rid[ge 80 43 7,500 +
6. Stonemead Estates 89 34 9,q00 +
7. Parks of Coppell 77 42 9,000 + $52,000
8. Chaucer Estates 58 4 9,000 + $62,000 to $82,00(2
9. Pecan Ridi~e 58 5 9,000 + $45,000 to $56,00£
10. Pecan Valley 52 6 9,000 + $45,000
11. Lake Park 91 28 7,500 + $48,000
12. Villai~es of Coppell 210 16 5,000
13. Gibb Station 212 51 7,500 + $45,000
14. Waterside Estates 165 31 9,000 +
15. Lakewood Estates 145 23 7,500 + $45,000
16. Waters Ed[ge 36 14 7,500 + $44,000 to $53,00C
17. Fountain Place 30 9 7,000 +
18. Ea[gle Point Villa[ge 110 21 7,500 +
19. Fairways at River Chase 98 68 9,000 + $53,000 and up
20. River Chase Estates 160 46 7,500 + $38,000
21. Northlake Woodlands (10-B) 97 87 9,000 + $43,000
22. Country Estates 29 12 12,000+ $53,000
23. Grand Cove Estates 22 17 12,000 +
24. River Rid[ge 60 54 7,000
25. Round Oak Estates 28 23 SF-7 & SF-9
26. Cambridge Manor 56 50 12,000 + $70,000 and up
27. * The Woodlands of Coppell 38 38 12,000 $80,000 and up
28. * Mac Arthur Park 52 52 9,000 +
29 * Villnge~ nf Cnttnnwnod Creek V'i' 1 g~ 188 .qF-7 and .qF-O ~4:~ flail to ~47 000
30. x Villages of Cottonwood Creek V 58 58 7,000 $42,000 per acre
31. x Copper Stone 130 130 9,000 & 12,000
~9 · a,,~tl, Place 36 36
33. x Enclaves on the Parkway 21 21 7,000
TOTAL REMAINING LOTS
Completed subdivisions 793
· Subdivisions being developed 299
x Subdivisions zoned/not developed 224
LOT PRICES:
7,000 s.f.
9,000 s.f.
12,000 s.f.
$35,000 to $ 42,000
$35,000 to $ 56,000
$48,000 to $125,000