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Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Subdivision Farm
MLS Listing ID 21205769
Annual Tax Amount $710
Lot Size 159.000 Acres
Property Sub-Type Unimproved Land
Property Description
The Watson farm in Knox County Texas is located between the community of Rhineland and Munday TX!
This farm has been actively farmed by the same tenant for over 40 years, while producing a steady income for the current owners and tenant.?
Land & Soil
The land is mostly flat and has a slight elevation drop from the west to east on the farm.?
The soil profile is predominantly Miles sandy loam but has roughly 55 acres of Rotan Clay loam on the east side of the farm.
Improvements & Water
The farm at one time had a residence on the property and was moved to town in the 50's but there are some remnants of the old foundation and an older shed.?The farm has three water wells on the land, One of these wells is used only for livestock water when the tenants graze cattle on the farm. (Pump in cow water well is owned by neighbor)?Two of the irrigation wells produce roughly 75 to 90gpm combined per the tenant.
Single phase power is available around the farm on the west, south and north side.
Crops?
The farm has been in a cotton, wheat, haygrazer rotation. The tenants have grown roughly 20 acres of irrigated cotton during the summer time and have occasionally planted 50-75 acres of dry-land cotton when the prices were conducive.
Minerals
The sellers are offering all the surface minerals including wind, water and solar with an acceptable offer.
The sellers are not conveying any oil & gas minerals with the sale.
Notes
This farm has been a productive property for many years and would be a great location for anyone looking to build a house or have a small farm in the country with all the amenities right there! Single phase power is available on three sides of the land and there is a great tenant farmer in place!?Currently the farm is leased and planted in winter wheat.?There is a small transmission line that runs through the west side of the farm going North to South.
Location
State TX
County Knox
Zoning ag
Exterior
Utilities Available Co-op Electric, Dirt
Building
Lot Description Acreage, Agricultural
Schools
Elementary Schools Munday
High Schools Munday
School District Munday Cisd
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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Bought with J. Travis Hawkins • KW SYNERGY*
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