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Spring Creek 320 Ac, Memphis, TX 79245

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For Sale

$672,000

320 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • 320 acres
    Lot size

Explore this Property

Spring Creek 320 acres is a scenic and unique half section located NE of Lakeview, TX. This property offers a great blend of recreational & grazing potential. Improvements include a 2023 well located in the SW portion of the parcel, electricity on 3 sides of the property (electric service is already in place in the SW corner) and natural gas along the south boundary. Spring Creek meanders through the east side of the half section, allowing large & mature trees to thrive. Hunting, includes: mule deer, whitetail deer, bobwhite, blue quail, turkey & boar. Additionally, there are 51 acres of cultivated ground. In previous years, the dryland has been in a rotation of triticale & cotton. The farm ground provides a good opportunity to be used for silage, hay or a large food plot. The ground is currently under a crop share with a local tenant (25/75%). The lease is a verbal agreement. Any existing crops will be negotiated with the sales price. Disclosure: There is currently no perimeter fencing. All owned mineral, solar and wind estate will be negotiated with the sale of the property. Currently, the seller believes to own half the mineral estate. Buyer's will be responsible for their own due diligence. All owned personal property will be excluded from the sale. Water: There is an existing water well in the SW portion of the tract. The well was drill in March of 2023 and is 155 ft deep. GPM were not registered, but neighboring domestic wells (9 in diameter) range from 10-20 GPM. The half section has irrigated farmland to the west, south & east - well logs along Spring Creek range from 200 GPM up to 1,050 GPM. Recreational: Hunting opportunities, include: mule deer, whitetail deer, bobwhite, blue quail, turkey & boar. History: The property has been used as a hunting retreat in the previous years. In the SE corner sits 51 acres that has been used as a dryland field. Previous crops include in a rotation of triticale & cotton. The ground is currently under a crop share with a local tenant (25/75%). The lease is a verbal agreement. Any existing crops will be negotiated with the sales price. Improvements: There is a new well located in the SW portion of the land. The well was drilled in March of 2023. The current GPM is believed to be around 20. Prospective buyer's will be responsible for additional verifying & testing. Minerals: All owned mineral, solar & wind rights are negotiable with the sale. Pending sales price, the seller is willing to convey all owned rights. Landscape: AlA, Altus fine sandy loam, dry, 0 to 1 percent slopes, 158.45, 49.42% - 52, 2e MfB, Miles fine sandy loam, 1 to 3 percent slopes, 102.53, 31.98% - 48, 3e WoB, Woodward loam, 1 to 3 percent slopes, warm, 33.97, 10.59% - 36, 3e WoC, Woodward loam, 3 to 5 percent slopes, warm, 25.71, 8.02% - 31, 3e Soil Report Exclusions: Any existing dryland crop will be negotiated with the sale of the land. Zoning/Easements: The property is outside of any municipality therefore it is not zoned. All existing easements will be identified by surveyors & title company. Electric easements are already known. Estimated Taxes: 2023 Taxes: $999.69 Tax rate for 2023: 1.789% *This is a tax for 2023. Potential buyers will be responsible for verifying the taxes with or without exemptions.* Area: Spring Creek 320 is located in the north central portion of Hall County. Access: Spring Creek 320 has access on 2 sides - CR D & CR 17. Paved access is located 1/2 mile south from Hwy 256. Directions: From Lakeview, head east 2 miles on Hwy 256. From there, head north 1/2 mile on CR 17. The property is located on the east side of the road.
MLS# 24-4746

Courtesy Of Triangle Realty

(806) 367-8334

Property Features

  • Architecture Style
    Other
  • Lot Size
    320 Acres
  • Roof Type
    Unknown

Map and Directions

Directions to Spring Creek 320 Ac, Memphis, TX 79245

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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