Hall County, Texas
LOCATION: From Lakeview, TX – (about 10 miles west of Memphis, TX) go west on Hwy 256 for 2 miles to FM 657, then south on FM 657 for 2 miles to County Road H, then west on CR H for 1 mile to County Road 12. Subject property lays south of CR H and west of CR 12.
LEGAL DESCRIPTION: The E/2 of Section No. 47, Block 2, T&P Ry. Co. Survey, Hall County, Texas.
ACREAGE: 320 +/-
GRASSLAND: 56.5 +/-
TOPOGRAPHY: Rolling grassland, with several tree covered areas.
IMPROVEMENTS: Partially fenced.
WATER: Brice-Leslie water system line was previously used. Current condition is unknown.
NATURAL GAS: No
PERSONAL PROPERTY: None.
TAXES: $593.19 estimated for 2021 w/ag exemption
SCHOOL DISTRICT: Memphis-Lakeview ISD
MINERALS: Subject to previous reservations of record, Seller will reserve none.
POSSESSION: Upon closing.
PRICE: $400,000 ($1,250/acre)
OTHER DATA: The CRP is bid at $39.84/ac/year for an annual payment of $10,497.00. Program expires 9/30/22. This is an income producing property with deer, bird and hog hunting. It is currently leased for hunting through 4/30/22 for $6,500/year. There is a flood control dam and series of terraces that help enhance the habitat for wildlife while helping prevent erosion.
The information contained herein was obtained from reliable sources; however, it is not guaranteed and is subject to prior sale or withdrawal.