Property History
Agricultural use
Level, rolling ground
Paved Highway frontage
Mineral rights - All interests held by the seller will pass with the real estate to the buyer
Not currently hooked up to utilities, but seller believes to be available
78 +/- acres of farm ground - winter wheat being planted now, harvest in June
79 +/- acres of pasture grass
3 current oil/gas wells in production
Lease with Scout Energy Management - Dallas, TX
Royalty payment history for 1/6th interest is provided in the Property Information Packet. New owner will receive 100% of seller's mineral rights and receive 6/6th of royalty payments. Long-term tenant farmer since 1980s
Pays $2,500/annually
Current wheat crops belong to the tenant and do not transfer to the new owner
New owner can negotiate a lease or ask tenant to vacate after current crop is off
DISCLOSURES
Property offered at ONLINE ONLY auction. | 10% Buyer's Premium will be added to the final bid. | BIDDING OPENS: Friday, August 28th, 2020 at 12:00 PM (cst) | BIDDING CLOSES: Wednesday, September 16th, 2020 at 2:00 PM (cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. No scheduled open house. Property will be available to preview by appointment only.
- 78 +/- acres of farm ground
- 79 +/- acres of pasture grass
- Paved Highway frontage
- Agricultural use
- 3 current oil/gas wells in production
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Property Details
Contacts
Map
Comparable Properties
Rental Market Overview
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