5417 Charter Oak Drive, Temple, TX 76502 - Bell County

Property Overview:

Nestled in the serene outskirts of Temple, TX, 5417 Charter Oak Drive presents a prime opportunity for residential

development. This expansive parcel offers a canvas for builders and developers looking to craft a community in a location

known for its growth and potential.

Location Highlights:

Strategic Positioning: Located within the 76502 zip code, which has seen steady appreciation and demand for

housing, this property is strategically positioned for development. The area is in the Belton Independent School

District, adding to its appeal for family-oriented buyers.

Accessibility: Just minutes away from major highways, providing easy access to Temple's downtown, local

amenities, educational institutions, and major employers like the Temple VA Healthcare System.

Development Potential:

Zoning & Land Use: The land is zoned in a manner that supports residential development. With approximately

17.24 acres, there's room for multiple family homes or a small community, subject to local zoning regulations and

subdivision approval.

Natural Features: The property benefits from mature oak trees, enhancing its aesthetic appeal and providing a

natural setting for home sites. This can be a significant selling point for future homeowners looking for a blend of

rural charm and modern convenience.

Infrastructure and Utilities:

Utilities: Basic utilities like water, electricity, and sewer are available in the area, making it easier to develop

without the high cost of extending services.

Road Access: Frontage on Charter Oak Drive offers straightforward access for construction and future residents.

Market Analysis:

Growth Trajectory: Temple, TX, is experiencing growth with increasing demand for housing, especially in areas

like 76502 where new developments are often met with eager buyers looking for new constructions with modern

amenities.

Demographic Appeal: Ideal for families due to nearby schools and community facilities, and also appealing to

professionals working in nearby urban centers but preferring a more tranquil living environment.

Development Considerations:

Subdivision Potential: With careful planning, this land could be subdivided into several lots, each large enough

for custom or semi-custom homes, catering to different market segments.

Environmental Integration: Incorporating existing natural features into the development plan can increase

property value and attractiveness, offering shaded lots and a sense of privacy.

Investment Outlook:

ROI Potential: The current real estate market in Temple supports a strong return on investment for residential

developments, particularly in areas with existing infrastructure and community amenities.

Long-Term Value: As Temple continues to expand, properties in well-planned, aesthetically pleasing

developments will likely see continued appreciation.