520 Acres in Megargel, TX - $663,000
Just reduced to $1,275/acre. The seller has had the property priced considerably higher, (as are most properties in this area) but rather than wait for market conditions to improve they have decided to drop the price considerably to encourage a quick sale. This price is $300-$500/acre under everything around it. You will not find a better deal on a farm/ranch property in Archer/Young County than this.
Location: The farm is located in Archer County, Texas, on Farm/Ranch Road 210, three miles North of Megargel. It is about 120 miles Northwest of Ft. Worth and 45 miles Southwest of Wichita Falls. Nearest cities and communities include Megargel; Olney (14 miles East); Seymour (20 miles West) and Archer City (20 miles Northeast).
Total acreage in the farm is 520 acres + /-. It contains about 250 acres in cultivated land, 267 acres in pasture and 3 acres for house, buildings and corrals. Pa...
Total acreage in the farm is 520 acres + /-. It contains about 250 acres in cultivated land, 267 acres in pasture and 3 acres for house, buildings and corrals. Pasture is a combination of improved and native. Brush has begun to invade some of the previously cleared, improved pastures. Also some of the cropland is being used for seasonal grazing. The only cash crop currently grown is wheat. The farm has a wheat base of 197 acres and a grain sorghum base of 51 acres. Most of the acreage is available by paved highway; the remainder fronts on rock or gravel roads. The farm has over 1 mile of highway frontage on FM 210.
Price - $1,275/acre, $663,000*
*MINERALS: Includes 50% mineral rights and executive rights, except on a 85 acre portion shown on the east side of FM 210. The seller does not own the rights on this tract. Additional mineral rights beyond 50% are negotiable.
The farm provides a variety of income/recreational opportunities including crop production, cattle and hunting (deer, turkey, dove, quail, hogs). We don't hunt it anymore, but a cousin trapped over 150 hogs last season in just one trap located in the brushy section near the southwest corner property line.
House – About 2,000 square feet; central h/ac; two full baths; two bedrooms; large den-living area; smaller den off kitchen and a converted garage that could be used as a 3rd bedroom. All utilities – rural water, electric co-op, telephone, satellite TV hookup, almost new septic tank. House is located on paved highway. The house is in at best fair condition, needs a new roof and some interior work. You could live there in its current condition, but anyone considering this for a primary residence would probably want to do considerable updating and remodeling. At $1275/acre NO VALUE is placed on the home or improvements, so they are a bonus for the buyer who wants them.
Buildings – Outbuildings include a large metal shop with power, concrete floor, and two large sliding doors; two large implement and/or hay barns; barn attached to corral with grain/storage bins, large implement /hay storage area, and covered feed/hay trough attached to barn; and corrals, working pen, loading ramp and chute area; and a circular grain storage bin. There are also numerous other buildings, corrals, etc. located throughout the property.
School District – Olney, Texas ISD. The Megargel School closed a few years ago. Property is about 15 miles from Olney.
Taxes - Young County, School Taxes - $988.76; Archer County, Property Taxes - $579.80
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