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Tbd County Road 19
Memphis, TX 79245
Chad Holland with Chad Holland Real Estate, original listing - (806) 205-0497
$388,500
Conventional
Property
Bedroom
--
Bathroom
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Property Type
Conventional
Square ft
--
Property Description
210 acres, more or less, of improved grasses that is fully fenced with perimeter and interior cross-fences that are in excellent to new condition, a good solar powered well, large fiberglass water trough, and a 4 Rivers Ranch EZ Tub cattle system all configured for excellent rotational grazing. There is a small, very seasonal, wet weather creek, with a lot of trees, offering cover for wildlife, and there is sign of deer traffic throughout the property. The surrounding cultivated fields and brush cover keep big game anchored in the area along with turkey, quail, and dove. With the right feeding and supplement program this ranch would allow access to that wildlife in the area, considering the limited water sources on the surrounding properties. This property is a wonderful ....see more place for cattle and a beautiful place to build a dream home to enjoy the scenic views. LEGAL DESCRIPTION: 210 acres, more or less, in Section 6, Block 20, H&GN Ry. Co. Survey, Hall County, Texas. MINERALS: Subject to any previous reservations. The seller will convey any minerals owned. WIND RIGHTS: All wind rights will be conveyed to the buyer. WATER: All water rights will be conveyed to the buyer. IMPROVEMENTS: 4 Rivers Ranch EZ Tub cattle system all configured for excellent rotational grazing. Solar powered Water Well with 20' Fiberglass livestock tank that service all four rotational cattle pastures. Set up for rotational grazing in four pastures. FENCES: Excellent perimeter and interior cross fences are five strand barbed wire with metal t-posts and heavy pipe corners. (This 210 acres is being portioned off from the owner's existing 340 acre tract, and owner will have new perimeter fence installed on the north boundary). FSA BASE ACREAGE: Not in cultivation. TOPOGRAPHY: Varies with level, slightly sloping and rolling terrain with terraces. WATER CONSERVATION DISTRICT: Mesquite Groundwater Conservation District WATER: Well Water located near center of the property with 20' Fiberglass livestock tank that service all four pastures always providing fresh water to cattle and wildlife. UTILITIES: Lighthouse Electric line runs along the southern boundary. ZONING: Agricultural. Located outside of any municipality. EASEMENTS: Any easements and/or rights-of-way are not expected to affect the operations of this ranch. Commitment for Title Insurance will identify any existing easements or rights-of-way. SCHOOL DISTRICT: Memphis ISD TAXES: Taxes for 2024 were approximately $327.67 with Agricultural Value Exemption HUNTING LEASE: None. GRAZING LEASE: None. POSSESSION: Upon Closing and Funding. NO TRESPASSING. PLEASE DO NOT ACCESS PROPERTY WITHOUT BEING ACCOMPANIED BY THE LISTING AGENT OR AN AGENT WHO HAS WRITTEN PERMISSION FROM THE LISTING AGENT. As with any Exclusive Listing Agreement, owners are not to negotiate with any prospective buyers, but to refer all prospective buyers to the Listing Agent, so please do not contact any of the owners directly. This property is not for Rent, not for Lease and Owner Financing is not available. DIRECTIONS: From Allusps on US Hwy 287 in Memphis, go West on Grundy Street/FM 2361 for approximately 4.9 miles to County Road 19, then South for approximately half a mile to the red gate entrance on the west side of County Road 19.
Property Information
Lot Size
210 acre(s) square ft
Property Type
Farm-Other
Year Built
--
MLS Number
--
Location
Address
TBD County Road 19
City
Memphis
State
TX
Zip Code
79245
County
HALL
Listing
Name
Phone
(806) 205-0497
Office Name
Office Phone
(806) 205-0497
Agent Name
Chad Holland
Agency Phone
(806) 205-0497

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.