Phillips Farm

Hale County | $408,000

Property info

Acreage: 480 Acres
Location: Hale County
Status: Under Contract
Price: $408,000

CONTACT INFO

Offered by: Rusty Lawson
Email: rusty@csmandson.com
Office: (806) 763-5331
Direct: (806) 778-2826

Description

Location/Access:

The Phillips Farm is located in the east-central portion of Hale County, being approximately 12 miles east and 1 mile south of Hale Center, Texas. Access is good, being by graded CR BB on the west, graded CR 195 on the south, graded CR CC on the east and graded CR 185 on the north.

Legal Description:

The South-half (S/2) and the Northeast-quarter (NE/4) of Section 62, Block R, Abstracts 1252 and 1283, Hale County, Texas, containing 480 acres, more or less.

General Description:

The terrain of the Phillips Farm varies from nearly level to gently sloping. Three playa lake areas are located throughout of the farm. The property has been benched terraced in the more sloping areas. 471.95 acres currently enrolled in the Conservation Reserve Program (CRP). This land is receiving an annual payment of $15,249, with the last payment being in 2023. The entire property is currently in a good stand of mixed grasses.

Taxes:

+/-$1,950

Price:

$850 per acre, surface only (no minerals).

Remarks:

The Phillips Farm is a productive property located in a good farming area, with irrigated land adjoining three sides. At least five (5) old irrigation wells have been developed on property. If you are in the market for investment land located in a productive farming community with the potential for some irrigation, this property should fit your needs. For additional information, please contact Rusty Lawson.

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