State Hwy 256, Memphis, TX 79245

0 BR / 0 BA Home For Sale in Memphis, TX - $223,500



Price: $223,500 Bed/Baths: 0/0


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Property Details for State Hwy 256, Memphis, TX
Status: Active
Home Features
 •Farm
DESCRIPTION: What a great hunting spot and place to build a home, with CRP income. 248.192 acres, more or less of Improved CRP grasses, brush, mesquites, and hardwood trees that offer habitat and bedding areas for deer, wild hogs, quail and other wildlife. -----OR-----the property may have irrigation potential, as water sources suitable for irrigation are in close proximity to the property, evidenced by irrigated land just to the south, southeast and east. The property is level and could make a great place to grow Organic peanuts, or other crops. Whatever your plans, this property is priced to sell and won't last long. \rLEGAL DESCRIPTION: Tract 1 - All of the NW/4 of Section 68, Block 18, H&GN Ry. Co. Survey, Hall County, Texas. \rLEGAL DESCRIPTION: Tract 2 - 88.192 acres, more or less, in W/2 of Section 93, Block 18, H&GN Ry. Co. Survey, Hall County, Texas.\rMINERALS: Any minerals owned will convey. \rWIND & Water: All wind and water rights will convey to buyer. \rIMPROVEMENTS: No structures. No fences other than a poor to fair fence on the west side of Tract 1. \rFSA BASE ACREAGE: Tract 1- 148.77 acres in USDA Farm Service Agency's Conservation Reserve Program through September 30, 2020. CRP payments are $4,836.00 annually. \rTract 2 - 89 acres in USDA Farm Service Agency's Conservation Reserve Program through September 30, 2022. CRP payments are $2,587.00 annually. \rUTILITIES: Electric line down east boundary, and across boundary between Tract 1 and Tract 2. \rWATER: Red River Authority lines may be accessible. Old water well on in northeast corner by the highway has not been used in several years since land was put in CRP. Another old water well is in the northeast corner of the 160 acre tract, but has not been used in decades. Water sources suitable for domestic well water, as well as irrigation are in close proximity to the property, evidenced by irrigated land to the south, southeast and east.\rOTHER: A 60' strip along the entire eastern boundary of Tract 2 and a small length along Tract 2 is being retained by Seller as a Private Road to his current residence and will not convey to buyer. Buyer can access property from State Hwy 256 anywhere else along the remaining 2,877.39 feet of Hwy 256 frontage. Tract 1 and Tract 2 are owned by different legal entities, but are being sold simultaneously. \rPOSSESSION: Upon closing and funding.\rTENANT: None\rDIRECTIONS: About two miles west of Memphis, TX on State Hwy 256 (Memphis is located 87 miles southeast of Amarillo on US Hwy 287).\rNO TRESPASSING. \rPLEASE DO NOT ACCESS PROPERTY WITHOUT BEING ACCOMPANIED BY LISTING BROKER.\rAs 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. \rBuyer'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.\r
Chad Holland
CHAD HOLLAND REAL ESTATE
Website: http://www.chadhollandrealestate.com

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