120 Acres Lot
120 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20571282
HOA Y/N None
Annual Tax Amount $104
Lot Size 120.000 Acres
Acres 120.0
Property Sub-Type Unimproved Land
Property Description
Legal access via a 20 ft. wide deeded access easement coming in from the south side. This easement runs along the side of the neighbor's field and is not currently a road because that same neighbor allows the owner to come in from the east, via an existing gravel oil field road.
Per the FSA, the cultivatable acres are 114.46, with 5.49 acres in a grass waterway along the north side. Currently being used to grow winter wheat and cotton. It is a dry land farm with no irrigation, so crop production can vary depending on annual rainfall. The current tenant would continue to lease the farm, if desired. Current farming lease is a share crop arrangement, with one-fifth of gross crop production going to landowner, with no crop expenses due. This can be converted to an annual cash lease of $25 per acre ($3,000 per year), if desired.
No mineral rights are owned so there are none to convey. The property has two oil wells on it with tank batteries; both are on the far north end where it doesn't interfere with the farm production.
LIST PRICE: $1,625 per acre
Location
State TX
County Wilbarger
Zoning Unzoned
Direction From Vernon and Hwy 287 go west on FM 925 at Petty's gas station; turn south on FM 81 S
Exterior
Utilities Available All Weather Road, Co-op Electric
Street Surface Gravel
Garage No
Building
Lot Description Acreage
Schools
Elementary Schools Chillicoth
Middle Schools Chillicoth
High Schools Chillicoth
School District Chillicothe Isd
Others
Restrictions None
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20571282
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