-Estate # 2 with 12.9+ acres at REDUCED TO $148,834

We believe the combination of features, NEW price reduction, NEW 5% BUYER’S AGENT COMMISSION OR 2% CASH BACK TO THE BUYER AT CLOSE and 100% FINANCING STILL AVAILABLE make The Estates a persuasive offering for a weekend or full-time ranch.

HIGHLIGHTS

(1) The Estates are wooded and features tree-lined Clear Creek in a natural state.

(2) Up to 100% FINANCING available including land, new construction and improvements.

(3) % BUYER’S AGENT COMMISSION OR 2% CASH BACK TO THE BUYER AT CLOSE.

(4) Features four potential building sites with a gently sloping topography anchored by Clark’s Ridge, a 270’ ridge traversing the property providing a serene, exclusive, vista view setting anchored by a tree lined creek.

(5) Available in three offerings:

(a) 30+ acres for $296,731

(b) Estate # 1 with 17+ acres for $197,852

(c) Estate # 2 with 12.9+ acres for $148,834

(6) Based on the available information April 8, 2008 surface rights convey subject to survey.

(7) Restrictions protect your investment in The Estates.

(8) In the acclaimed Bellville ISD, just 5.7 miles from the high school 5 miles from all other public schools.

(9) 63 miles from Houston US 290 West and Beltway interchange or the Interstate 10 and Beltway interchange.

(10) Austin County economy is very stable. Estimated at over $675,000,000 in 2008 and projected to grow by a robust 6.25%+ per year through 2012.

Call 979.421.9996 to contact any member of the Land Development Division of Coldwell Banker Commercial Southwest Clear Creek Estates listing team.

You can also contact the team at the email address indicated in the graphic "Web links and team email".

5% BUYER AGENT COMMISSION OR 2% CASH BACK AT CLOSE

The Broker of a Buyer’s Agent is eligible for a 5% Broker commission upon closing of the Lake Somerville Business Center sale.

If the buyer is represented by a member of the Coldwell Banker Commercial Southwest Land Development Division listing team, the Buyer will receive 2% cash back at close.

FINANCING

Up to 100% financing is available.

Financing can include land, new construction, improvements, renovations and capital equipment.

Considerations:

A decision on subordinated owner financing is at the complete discretion of the owner. Factors that may be considered include qualifications, terms, equity structure, site and/or development plan and others.

Terms:

The interest on the subordinated mortgage is two percent or 200 basis points above your first mortgage. For example, the first mortgage is at 6.25%. The subordinated mortgage will be at 8.25%. If the first mortgage adjusts, the subordinated mortgage adjusts at the same time. All late penalties, interest and fees defined in the first mortgage are applicable to the second mortgage.

Amortization Schedule:

Payments based on a 30-year amortization schedule.

Balloon:

The final balloon payment is due in five-years. If the first mortgage is refinanced or paid off, any subordinated owner financing becomes immediately due.

PROPERTY

The Estates present an exceptional value for a weekend or full-time private retreat in Austin County. We estimate that 40% of The Estates are wooded. Clear Creek is a spring fed full-time creek gently meandering across Clear Creek Estates. The Estates feature approximately 894’ of creek frontage.

Natural State:

The Estates have been essentially untouched for over 30 years. The owner lives in Austin. This natural state provides an exceptional opportunity for you to create your desired landscape and environment using the natural beauty of Austin County and The Estates.

Topography:

The Estates feature a gently sloping topography ranging from approximately 284’ to approximately 240’ along the edge of Clear Creek. The grade reduction of over 40’ from the eastern to western property line toward Clear Creek provides an exceptional hillside setting with spectacular sunset and vista views.

Clark Ridge:

The Clark Ridge provides outstanding settings for at least four home sites. Each of the sites offers a tree-lined secluded estate setting. At the 270’ Clark Ridge elevations, each home site can maximize a stunning setting. If positioned facing westward, your estate will enjoy sunset vista view overlooking Clear Creek framed by the hills of Austin County.

Surface Rights:

Based on information attained April 8, 2008, surface rights convey subject to survey. Approximately 120’ of frontage on Center Hill Road is owned by the Seller.

Pipeline Easement:

A pipeline easement traverses the northern edge of the property. A graphic is attached with the approximate location of the pipeline.

Cattle Lease:

The Estates currently benefit from a cattle lease. The lease can be indefinitely continued or terminated with 90-days notice. Having a cattle lease in place supports an agricultural exemption. It can also provide you with income while developing your plans for your estate.

Protective Restrictive Covenants:

The Estates have restrictive covenants prohibiting:

(a) Mobile homes (modular and kit homes are acceptable with a slab or pier and beam foundation)

(b) Inoperable vehicles

(c) Equipment storage unless garaged

(d) Trash piles

(e) Unhealthy or unsanitary practices

LOCATION

(1) 4.5 miles north of Bellville. 19 miles to Interstate 10.

(2) 20 miles to regional shopping, services and entertainment in Brenham and Sealy.

(3) 15 miles to Chappell Hill and Cat Spring. 25 miles to New Ulm. 31 miles to Washington. 35 miles to Independence. 35 miles to Round Top, Burton, Columbus and Lake Somerville.

(4) 40 miles to major shopping offered at Katy Mills Mall and the new Luxury Outlet Mall in Fairfield.

(5) 63 miles to Houston US 290 West and Beltway interchange or the Interstate 10 and Beltway interchange.

SCHOOL DISTRICT AND ACCESS

(1) 4 miles from Spicer Kindergarten of the Bellville ISD and St. Mary’s Episcopal Day School.

(2) 5 miles from the Elementary School, Intermediate School and Junior High School.

(3) 5.6 miles from Bellville High School.

(4) 7.1 miles from Bellville’s well regarded private school, Faith Academy.

DENSITY

Alexander Tiffany, LLC (“AT”) performed preliminary analysis of the density of the immediate area defined as a 1-mile radius in comparison to Harris County (Houston’s primary county), Austin County (county The Estates are located in) and Bellville (the Austin County seat) to support your decision to buy the Estates.

The immediate area is:

(1) 0.10% as dense as Harris County

(2) 0.13% as dense as Bellville

(3) 5.33% as dense as Austin County

This preliminary density analysis confirms the extraordinary serenity and privacy afforded by your purchase of the Estates compared to Bellville and to Austin County while only 4.5 miles from downtown Bellville.

DEMOGRAPHICS AND ECONOMETRICS

AT performed preliminary analysis of the demographics and econometrics to support your decision to buy the Estates.

The general area (1-mile, 2-mile and 3-mile radius) offers significant demographic and econometric advantages over the City of Bellville and Austin County when comparing key indicators for 2008 and 2013.

(1) The annual percentage household income growth is projected to be higher in the general area than in Bellville or Austin County. For example, at a 1-mile radius, the annual projected percentage population growth is over 10% higher than Bellville.

(2) Average household incomes in 2008 and in 2013 are projected to be higher in the general area than Bellville or Austin County. For example, at a 2-mile radius, 2008 incomes are $3,950 higher (an average of over 6.7% higher). By 2013, this gap will grow by 56% to $6,184.

(3) Annual percentage growth in household incomes of at least $100,000 and resulting percentage of families with these incomes are projected to be higher in the general area than Bellville or Austin County. For example, the annual percentage growth at a 2-mile radius is over 400% higher than Austin County.

(4) By 2013, the percentage of households with incomes of at least $100,000 is projected to be 50% at a 1-mile radius and 22.71% at a 2-mile radius, compared to 18.93% for Bellville and 17.63% for Austin County.

AUSTIN COUNTY ECONOMY

Estimated at over $675,000,000 in 2008 the Austin County economy is very stable and projected to grow by a robust 6.2%+ per year to exceed $850 million in 4 years. This annual growth rate is 20% higher than the Washington County (Brenham area) economy.

TAXES

Estimated 2008 taxes based on 2007 paid taxes of $59.39 and increased by 8%. For The Estates in their entirety, estimated 2008 taxes are $64.14. For Estate # 1, 2008 taxes are estimated at $36.81 and for Estate # 2, 2008 taxes are estimated at $27.33.

The property is currently agricultural exempt. Consult your tax advisor regarding your expected taxes.

ADDITIONAL INTERNET LINKS

See the attached graphic "Web links and team email" for

(1) Dedicated website

(2) Link to listing website with all graphics and pictures utilized in The Estates offerings in PDF or JPG files for easy downloading

(3) Link to all demographic and econometric reports and analysis utilized in The Estates offerings in PDF files for easy downloading

EMAIL TO YOU WHEN WE LIST NEW PROPERTIES THAT MEET YOUR SPECIFICATIONS

We offer immediate email contact when we list properties in categories you have expressed an interest.

Please send an email to us with your specifications.

DISCLOSURE OF OWNERSHIP RELATIONSHIPS AND FUNCTIONS

Coldwell Banker Commercial Southwest is a wholly owned franchise of Alexander Tiffany Southwest, LLC ("AT Southwest").

AT Southwest owns, manages and joint ventures real estate companies.

AT is an owner of AT Southwest. Both AT and AT Southwest are majority controlled by Alexander Holdings, LLC ("AH"). AT provides ownership transaction services, management and consulting to affiliates and clients. AH is a private equity company that provides equity, debt and financing solutions to affiliates and clients.

ANALYSIS, GRAPHICS AND MEASUREMENT REFERENCES

All references to "Analysis" in this listing refer to analysis performed by AT on behalf of AT Southwest. Analysis is preliminary and based on proprietary systems and models. Analysis is time sensitive and based on assumptions stated.

All graphics are artist renderings only to provide a reasonable representation. Measurements are Analysis estimates only to provide a reasonable representation. AT provides no explicit or implied warranty regarding the accuracy of renderings and measurements.

USE OF COPYRIGHTS AND LIMITATIONS

U.S. and international copyright laws protect analysis, graphics, images, narrative and other listing content. Analysis is for the specific and limited use of prospective purchasers or their legal representatives in evaluating the acquisition of this property. Any other use, copying, modifying, reference to or reproduction is strictly prohibited without the express written consent of AT, AT Southwest and/or AH as appropriate.