790 Acres in Divot, TX - $2,950,000
MINERALS AVAILABLE - PRODUCTIVE PROPERTY
LAND
Very productive property with great underground water, with 8 nice-sized tanks and several smaller ones. With water lines running to 8 of the tanks, there is the capability to keep them full for wildlife and waterfowl. When viewing the property, it is not uncommon to see many species of ducks on the tanks. The breakdown of brush is approximately 30%+/- of the 790+/- acres. The owner previously has run comfortably 300-350 head of cattle on the property.
Seller will convey all the minerals that he owns, estimated to be 238+/- net mineral acres. Buyer will need to do its own research as to the exact amount. There is a 3 year lease in place that expires 2014. Currently, there is one oil well and an oil battery located on the property that there are no royalties included, and are held by a previous owner. A 90+/- acre gravel lease is in plac...
Seller will convey all the minerals that he owns, estimated to be 238+/- net mineral acres. Buyer will need to do its own research as to the exact amount. There is a 3 year lease in place that expires 2014. Currently, there is one oil well and an oil battery located on the property that there are no royalties included, and are held by a previous owner. A 90+/- acre gravel lease is in place at the northwest corner of the property, from which the owner reportedly $119,000 in 2013. This represents approximately 50% of the total lease revenue. A prior owner retained other 50% of the income of the 90 acre gravel area. Seller will convey the portion of the gravel lease he owns.
WATER
This property is very well watered with 2 Carrizo water wells, both are approximately 1,700+/- feet deep. Both wells are, per the seller, capable of 300+/- gpm. Water lines connect both wells to all 6 pivot systems and most of the tanks. The pumps for the wells are 60 hp electric motors. Todos Santos Creek runs through the property from the northwest corner to the southeast corner.
IMPROVEMENTS
With the 6 pivot systems, the property is very productive. Currently, the owner has milo, oats, coastal, alfalfa and Tifton 85 planted. The pivot systems can be purchased separately. The property offers great dove hunting and fishing in any of the many tanks. Located on the property are improvements that consist of a house/modular home and an equipment barn.
Texas Ranches For Sale, as broker, asserts that the information contained herein is submitted without representation or warranty. All information is subject to error, omission, price change, changes in terms and conditions, prior sale, withdrawal from the market without notice, etc.
Appointments for viewing to be scheduled with Texas Ranches For Sale. Shown by appointment only. Buyers brokers must be identified on first contact and must accompany buying prospect on first showing to be allowed full fee participation. If this condition is not met, fee participation will be at the sole discretion of Texas Ranches For Sale, Broker.
Map
More by TexasRanchesForSale.com
