STREET REAL ESTATE HOME FARM & CRP LAND

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Swisher County Grass* CRP*1010 Acres
Stock Wells* Barn

 

 

VIEW PROPERTY INFORMAION

Legal Description: N/2, Section 86, Block M-9, 320 acres, more or less, and the SE/Part of Section 86, Block M-9, 200 acres, more or less, and the NW/4, Section 95, Block M-9, 160 acres, more or less, and the S/2, Section 96, Block M-9, 320 acres, more or less, all situated in Swisher County Texas.

Location: From Happy Texas, approximately 2 miles south on I-27 to FM 1881, then 6 miles east on FM 1881, then 2 miles south on County Road 15. County Road 15 is the west boundary, County Road 17 is the east boundary, County Road F is the south boundary, and County Road 16 splits the property. See maps for exact boundary.

Description: These contiguous 1000+ acres are located in the north/central part of Swisher County Texas with good access provided by County Roads. The grass is in good to excellent condition. There are a total of 586.76 acres enrolled in the USDA CRP program. Here is a breakdown of the different CRP contracts. Tract Number 326 has a total of 274.3 acres enrolled at $28.00 per acre. This equals an annual payment of $7,680.00 and expires on 9/30/2030. Tract Number 286 has a total of 137.02 acres enrolled at $27.66 per acre. This equals an annual payment of $3,790.00 and expires on 9/30/2023. Tract Number 287 has a total of 175.44 acres enrolled at $33.17 per acre. This equals an annual payment of $5821.00 and expires on 9/30/2022. The total current annual CRP payment is $17,291.00. The property is currently leased for grazing on non CRP grass, playa lake bottoms, and other land for $4,200.00 annually. The current lease expires December 30, 2024. The tenant owns all of the fences and the well pumps. A barn is located near the central part of the farm just east of County Road 16.

Price: $1,313,000.00

Minerals and Wind Rights: Surface Only, Seller reserves all of the mineral interests currently owned. Seller reserves one half of the wind rights.

Special Note: Sellers would consider financing up to 75% for qualified Buyers at a low interest rate of 4.75%. Other terms to be determined.