1,571.6 Acres in Floydada, TX - $864,380
Location: 6 Miles North of Floydada, Tx on Hwy 207. 1571.6 acres of dry land. Lays excellent. Has a great wheat crop currently. Has domestic well for stock water. Good productive soil. The farm land lays on both sides of Hwy 207. Estimated FSA Payments=23,000 + or -. This farm currently has a wind energy lease agreement tht has been effective as of the week of April 12, 2010. Call for more details on thise lease agreement, this is an excellent lease.
Oil or gas lease will be expiring in 2010 or 2011. Seller will research deed records in Floyd County Courthouse to obtain this information or from Floyd County Abstract. Deed records on oil and gas need to be researched. Seller believes they own 25% of the minerals. Seller will convey 50 % of the oil and natural gas royalties they currently own. WIND ENERGY ACTIVITY IS IN THE GENERAL AREA. THERE IS A PRODUCING WIND ENERGY PLANT WITHIN 8 MIL...
Oil or gas lease will be expiring in 2010 or 2011. Seller will research deed records in Floyd County Courthouse to obtain this information or from Floyd County Abstract. Deed records on oil and gas need to be researched. Seller believes they own 25% of the minerals. Seller will convey 50 % of the oil and natural gas royalties they currently own. WIND ENERGY ACTIVITY IS IN THE GENERAL AREA. THERE IS A PRODUCING WIND ENERGY PLANT WITHIN 8 MILES EAST OF THE SUBJECT PROPERTY. TRANSMISSION LINES ARE ON TRACT TO BE INSTALLED ON OR NEAR THE SUBJECT PROPERTY.
SELLER WILL RETAIN 75% OF THE WIND ENERGY LEASE THEY CURRENTLY OWN AT THE SALES PRICE OF $550.00 PER ACRE OF LAND.
SELLER WILL RETAIN 50% OF THE CURRENTLY WIND ENERGY LEASE THEY CURRENTLY OWN AT THE SALES PRICE OF $650.00 PER ACRE OF LAND. PRICE OF LAND BASED ON $550.00 PER ACRE- THIS PROPERTY HAS BEEN REDUCED BY $157,160.00
LISTING REAL ESTATE CO: BILLINGTON REAL ESTATE, 3109 OLTON ROAD, PLAINVIEW, TX 79072 CONTACT PERSON: KEITH BILLINGTON
NOTICE: KEITH BILLINGTON IS A LICENSED REAL ESTATE BROKER AND IS PART OWNER OF THE SUBJECT FLOYD COUNTY, TEXAS FARM LAND BEING 1571.6 ACRES MORE OR LESS
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6 MILES NORTH OF FLOYDADA, TX ON HWY 207
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