DESCRIPTION: 140 acres, more or less, south of Lelia Lake about 70 miles from Amarillo, between Clarendon and Hedley. Property is all in native and improved grasses, with scattered trees, brush and plum thickets that provide ample cover for wildlife. This would make an excellent location to build a new home, barn and pens, then run a few cattle, or break it out and farm it again. As is, it has good hunting. Wildlife includes deer, quail, turkey, dove, wild hogs, and varmints. The property lies just a quarter mile to the east of the end of paved FM 1260 that turns into County Road Y. Also, less than two miles from south end of paved FM 1754.
LEGAL DESCRIPTION: 140 acres, more or less, in Section 94, Block C-6, GC & SR 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 barn, old windmill, both with nominal value. Seller may remove old barn and relocate it.
FENCES: None, except on north.
FSA BASE ACREAGE: All in native and improved grasses. (Previously had 95.66 acres in cultivation, with .7 acres of Wheat Base with 14 bu PLC Yield per FSA 156 record).
TOPOGRAPHY: Slightly rolling to level.
WATER: None. Old windmill has not been used in decades.
IRRIGATION POTENTIAL: Unknown to good. However, good irrigated land with good water joins the property to the north and the south, and lies within a quarter mile to the northeast and half a mile to the southeast. With adequate irrigation, the sandy soil might work for organic peanuts.
POSSESSION: Upon closing and funding.
HUNTING LEASE: None in place.
TAXES: Approximately $minimal per year with Ag Exemption
UTILITIES: Electric along the west boundary and along the south boundary on south side of County Road Y.
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 and relocate it.
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 2.6 miles, then west on County Road W or .3 miles to County Road 18, then go south for 1.5 miles. Property lies on the east side of County Road 18 and on north side of County Road Y.