Hall County 560
Hall County, Texas
560 acres +/-
Location From Memphis, TX - go east on SH 256 for 4 miles to FM 3032. Then south on FM 3032 about 3/4 mile to the northeast corner of the property.
Legal Description Portions of Sections 75 & 86, both in Block 18, H&GN Ry. Co. Survey, Hall County, TX. Legal description on file.
TOTAL: 560 +/-
DRY FARMLAND: 150 +/-
GRASSLAND: 93 +/-
Topography Rolling with several lake areas.
Water Solar electric submersible and surface water.
NATURAL GAS: No
Personal Property None.
TOTAL: $1,250.00, for 2015 w/ ag exemptions.
SCHOOL DISTRICT: Memphis ISD
Minerals Subject to previous reservations, Seller will reserve none.
Possession Subject to harvest of growing cotton crop. 1/4 owner & 3/4 tenant crop share lease.
Price & Terms $1,075/acre ($602,000) cash or possible owner financing.
Other Data Great recreational place, on pavement, with income from CRP and dry land cotton. Has previously been leased for hunting as well. CRP pays $13,131 through 9/30/21. 100 acres generic base and 109.4 acres peanut base. NOTICE: There has been an additional pipeline easement granted on the west side of the property that has not yet been installed.