FM 1754 Donley County (Lelia Lake, Texas, US - 79240) Land Only

$539,325
CRP Income of $9,274/year

CHAD HOLLAND REAL ESTATE

Chad Holland Chad Holland 940-937-2200 (Office) 806-205-0497 (Cell) Request More Info

  • Paved frontage! An hour from Amarillo!
  • Type: Farm and Ranch
  • Style: Lot / Land
  • Development Level: Land Only
  • Lot Type: Rectangular
  • Lot Size: 459 acres
  • MLS #: 17-110258

Description

DESCRIPTION: 459 acres, more or less, south of Lelia Lake, about 70 miles from Amarillo between Clarendon and Hedley. Property has 266.84 acres in Conservation Reserve Program and the remainder in native and improved grasses, scattered trees, some brush and a few plum thickets providing cover for wildlife. Located on FM 1754, this property is in an ideal location to build a new home, new barn, new pens, run a few cattle and has good hunting as a bonus.. Wildlife includes white-tail deer, mule deer, turkey, dove, quail, wild hogs, and varmints.
LEGAL DESCRIPTION: 459 acres, more or less, in Mary McIntire Survey, Donley County, Texas
MINERALS: Subject to previous reservations of record. Half of the mineral estate owned will convey. Seller is conveying Executive Rights to execute oil, gas and mineral leases to Buyer. Seller is reserving the Executive Rights to receive bonuses, rental and royalties.
WIND & Water: All wind and water rights will convey to buyer.
IMPROVEMENTS: Old homestead, including old home, old metal barn, old set o cattle pens, all with nominal value. Seller may remove old barn and relocate it.
FENCES: Good five strand barbwire fence on north, fair to good four strand barbwire fence on west. Poor to fair four strand barbwire fence on east and south. Cross-fences were mainly hot wire and cattle catch traps are four strand barbwire in poor condition.
FSA BASE ACREAGE: 266.84 acres in Conservation Reserve Program (CRP) paying $9,274.00 per year through September 30, 2022. (Previously had 27.65 acres in cultivation, with .2 acres of Wheat Base with 14 bu PLC Yield, 5.8 acres Oat Base with 30 PLC Yield and 21.85 acres Generic Base with 205 lb CTAP Tran Yield, per FSA 156 record).
SOIL: Sandy loam with a bit of gravel/small river rock throughout.
TOPOGRAHY: Slightly rolling.
WATER: One stock tank/diversion dam in southwest corner does not hold water. Two old windmill wells have not been used in decades.
IRRIGATION POTENTIAL: Unknown. However, good irrigated farmland with good water is located to the east, north and south.
POSSESSION: Upon closing and funding.
HUNTING LEASE: None in place.
TAXES: Approximately $minimal$ per year with Ag Exemption
UTILITIES: Electric along the east boundary along FM 1754.
EASEMENTS: Any easements are not expected to affect the operations of this farm. Commitment for Title Insurance will identify all existing easements.
PERSONAL PROPERTY: None. Seller may remove old barn.
Serious Qualified Buyers can contact Chad for more detailed information.
NO TRESPASSING.
PLEASE DO NOT ACCESS PROPERTY WITHOUT BEING ACCOMPANIED BY LISTING BROKER.
As with any Exclusive Listing Agreement, owners are not to negotiate with any prospective buyers, but to refer all prospective buyers to the Listing Broker, so please do not contact any of the owners directly. Please direct all questions to Listing Broker. This property is not for Rent, not for Lease and Owner Financing is not available.
Buyer's Broker must be identified upon first contact with Listing Brokerage Firm and must accompany buying prospect on first showing to be allowed brokerage fee participation.

DIRECTIONS: Lelia Lake is located 7 miles southeast of Clarendon, or 19 miles northwest of Memphis on US Hwy 287 between Amarillo and Wichita Falls. From Lelia Lake take FM 1754 south for 1.5 miles. Property lies on the west side of FM 1754.
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All information, including square footages and acreages, is obtained from the various Tax Appraisal Districts or Sellers, and is deemed reliable, but not guaranteed. All information should be independently verified for accuracy. All properties are subject to change, withdrawal, or prior sale. Chad Holland Real Estate shall not be responsible or liable for typographical errors, misprints, or misinformation.