Other fraternities may have a house,
but Theta Chi has an estate...
an 18-acre estate with a 3-story homestead
The following is part of an article published in the Nacogdoches Daily Sentinel about The Estate:
Theta Chi Fraternity at Stephen F. Austin has found a new use for the 70 year old house at 321 Old Tyler Road, formerly known as Cypress Inn Bed and Breakfast.
"It's actually in really good shape," said Theta Chi Brotherhood Chair Clay Brown of the 3-story, 9-bedroom, 10-bathroom house which sits on 18 acres. It's a great house. It's old, but it's built to perfection."
The fraternity purchased the house and land for $220,000. When it was first listed, the asking price was seven figures. After renovating the kitchen floors and throwing on a few coats of paint, a city inspection deemed the house to be up to code, Brown said. The structure can house up to a dozen Theta Chi members.
The Fraternity purchased the house through alumni contributions and through proceeds from the sale of the Fraternity's previous house on North Street across from Wal-Mart. "We were one of the original three fraternities on campus," Brown said. "I mean, our roster has over a thousand names on it."
Theta Chi, which was established at SFA in 1961, had its first house at 4805 North St from 1973 until 2001, according to Theta Chi Alumnus Vince Beard, owner of Quizno's Subs and Marble Slab Creamery in Nacogdoches. Fraternity members staying in the house will pay rent and utilities. The money generated from rent is put into a bank account to be used for repairs on the house.
The Fraternity is currently raising capital to put new siding on the house, among other improvement projects. Portions of membership dues, which are around $400 per semester per member, will also go towards renovating the house. "Moving into the house this semester is a big step for the Fraternity," Beard said. "The house is bringing the Brotherhood closer together, having a place where all the Brothers can meet and alumni can come down," he said.