160 Acres in Childress, TX - $120,000
DESCRIPTION: Property consists of 133.39 acres of cropland with the remaining acreage excellent for hunting and recreational use including wet weather draw, heavy brush, tree groves, and large trees, with approximately 6.16 acres of cropland on north side of the draw. The productive farmland can grow a variety of crops including wheat, haygrazer, and cotton, or could be used for a stocker cattle operation. This property would make a great site for a hunting getaway or new home.
LOCATION: From Childress, go 11 miles east (south) on US 287, then two miles north on CO RD 25 in Childress County. Property lies on west side of CO RD 25. Hardeman County line is about a quarter mile to the east. Access to FM 268 is just two miles north on CO RD 25.
LEGAL: All of the NE/4 of Section 392, Block H, W&NW Ry. Co. Survey, Childress County, Texas.
FINANCING OPTIONS: 1) Third party financin...
FINANCING OPTIONS: 1) Third party financing, 2) Owner will consider carrying note with adequate down payment OR 3) owner will carry a down payment of up to 30% on a 2nd lien with Buyer obtaining third party financing for the 1st lien.
MINERALS: Subject to previous reservations of record. Seller only owns one-fourth of minerals. Seller to convey none at the current asking price.
WIND & WATER: All wind and water rights will convey.
FSA BASE ACREAGE: 133.39 acres Cropland, with 71.6 acres Wheat Base with a yield of 19 bushels and 29.6 acres Cotton Base with a yield of 346 lbs.
UTILITIES: None on the property. (Electric lines within 1/2 mile to North).
WATER WELLS: No irrigation wells. (Irrigation wells on adjoining properties). Owners remember an old windmill in northeast corner of property near draw some fifty years ago, but well casing has not been located.
HUNTING & RECREATIONAL: Deer and hogs run the wet weather draw. Deer rubs and hog rubs are very evident. A couple of blinds and feeders would make good use of the north end of the property. Four wheeler trails, strange rock formations and a sinkhole round out some recreational exploring activities.
TOPOGRAPHY: Flat to slightly sloping. Draw on north end. Three rock patches in the cultivated land.
IMPROVEMENTS: None
PERSONAL PROPERTY: None
TENANT: Existing farm tenant would consider staying on crop share basis. Wheat and
grain sorghum crop share is one-third to owner and cotton crop share is one-fourth.
POSSESSION: Upon closing and funding, however, subject to existing tenant's crop on cultivated acres. Possession of cultivated acres after harvest of crop. (Wheat, June 2014).
PLEASE CLICK ON VIRTUAL TOUR TO SEE ALL THE PICTURES. PLEASE DO NOT ACCESS PROPERTY UNLESS ACCOMPANIED BY LISTING BROKER.
