DESCRIPTION: 320 acres, more or less, of dryland farmland with terraces, located southwest of Lakeview in Hall County, Texas. Previous crops cotton, wheat, and grain sorghums.

LEGAL DESCRIPTION: 320.00 acres, more or less; N/2 of Section 48, Block 2, T&P Ry. Co. Survey, Hall County, Texas.

MINERALS & MINERAL RIGHTS: Subject to previous reservations of record. Seller owns none, so there are none to convey.

WIND RIGHTS: All wind rights will convey to buyer.

SOLAR RIGHTS: All solar rights will convey to buyer.

WATER RIGHTS: All water rights will convey to buyer.

WATER CONSERVATION DISTRICT: Mesquite Groundwater Conservation District

IRRIGATION WELL: There are no irrigation wells on the property. However, the property to the northeast, and to the west are irrigated tracts.

DOMESTIC WATER WELL: There is not a working water well on the property. Old cistern. (A Brice-Lesley Water Supply Corporation line is located less than half a mile from southeast corner).

SURFACE WATER: None.

IMPROVEMENTS: None. Old homestead site with dilapidated barn.

FENCES: Poor boundary fence on south; no fences on the other tree sides.

TOPOGRAHY: Slightly rolling to rolling with terraces.

SOILS: Mostly Clay.

FSA BASE ACREAGE: 304.76 acres Cropland, with 180.16 acres Seed Cotton Base and 45.40 acres UNA Generic Base. PLC Yield of 701 lbs

UTILITIES: Lighthouse Electric line down east boundary and along northern boundary. No Gas. No Propane.

ZONING: Agricultural. Located outside of any municipality.

EASEMENTS & RIGHTS-OF-WAY: There are no known easements or rights-of-way that will affect the operation of this property.

SCHOOL DISTRICT: Memphis ISD

TAXING DISTRICT: Taxes for 2022 were approximately $850.00 annually with Agricultural Value Exemption

HUNTING LEASE: None.

GRAZING LEASE: None.

PERSONAL PROPERTY: None

POSSESSION: Subject to harvest of any growing crop(s). 1/4 owner & 3/4 tenant crop share lease on cotton and 1/3 owner and 2/3 crop share lease on wheat or grain sorghum.

DIRECTIONS: Lakeview is 10 miles southwest of Memphis. Memphis is on US Hwy 287, between Amarillo and Wichita Falls. From Lakeview, take State Hwy 256 for four miles to County Road 11, then go south two miles to County Road H. Property lies on south side of County Road H between County Road 11 and County Road 10.

NO TRESPASSING.

PLEASE DO NOT ACCESS PROPERTY WITHOUT BEING ACCOMPANIED BY LISTING BROKER OR AN AGENT WHO HAS WRITTEN PERMISSION FROM 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, all subsequent viewings, and all due diligence inspections to be allowed brokerage fee participation.