STREET REAL ESTATE HOME FARM & CRP LAND

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Lubbock County Quarter Section* NW of Shallowater TX* One Half Mile West of FM 179* CO RD 5400 on North* CO RD 1200 (Zeeland Avenue) on West Boundary* Nice Area for House/Barns

Location: See attached locator map “Plat 1”.
This land is approximately 6.5 miles NW of Shallowater Texas.

Legal Description: NW/4, Section 30, Block P, Abstract 1354, Lubbock County Texas, containing 160 acres more or less.

Description: This quarter section of land is located in a very popular area, within the Shallowater Independent School District. Good access is provided by County Road 5400 on the North boundary, and County Road 1200 (Zeeland Avenue) on the West boundary. The property is only ½ mile west of Farm to Market Road 179. This half mile is a good caliche based road. There are several houses and home sites with barns and livestock in this area. This quarter section would be an ideal prospect for subdividing. The Sellers prefer to sell the entire 160+/- acres to one Buyer, so at this time, they would not be interested in selling off smaller tracts. This land is currently enrolled in the USDA Conservation Reserve Program through 9/30/2020. The annual payment is $7,487.00. This annual payment is negotiable with an acceptable offer, and could be prorated through closing. There are a couple of older irrigation wells on the land in unknown condition. Soil types include 59.2% Acuff loam with 0-1% slopes, 23.4% Olton clay loam with 0-1% slopes, and 17.5% Amarillo fine sandy loam with 1 to 3% slopes.

Price: $336,000.00

Minerals and Wind Rights: Sellers will reserve one half of the mineral interests currently owned. Sellers will reserve one half of the wind rights.