478.4 Acres in Olton, TX - $763,048
Legal Description: Hale County: S/2, Section 17, Block O-2, AB 327, and the NW/4, Section 18, Block O-2, AB 1727, both in Hale County TX, and containing 318.4 acres more or less, and Lamb; W/PT of SW/4, Section 17, Block O-2, AB 3600, D & SE, and W/PT of NW/4, Section 18, Block O-2, AB 3600, D & SE, both tracts in Lamb County TX, and containing 160 acres more or less, for a total of 478.4 acres, more or less, situated in Hale and Lamb Counties, Texas.
Location: 3 miles east of Olton Texas, then 3 miles south on County Road B to the NE corner of property.
Description: This irrigated farmland is located on the Hale/Lamb county line just SE of Olton Texas. The land is highly productive and is mostly flat. There is some slope on the SW part, with these acres being furrow irrigated. There are 5 total wells producing approximately 600 gallons of water per minute. The pumps include 2-40HP...
Description: This irrigated farmland is located on the Hale/Lamb county line just SE of Olton Texas. The land is highly productive and is mostly flat. There is some slope on the SW part, with these acres being furrow irrigated. There are 5 total wells producing approximately 600 gallons of water per minute. The pumps include 2-40HP, 2-30HP, and 1-10HP, electric submersibles. Base Acres and Yields include; Upland Cotton 256.4 acres with a 482 Direct Yield, and 831 CC Yield; Wheat 81.8 acres with a 35 Direct Yield, and a 38 CC Yield, and Corn 29.9 acres, 151 Direct Yield, and 123 CC Yield. The total DCP payment for 2012 was $9,344.00. See attached USDA-DCP payments and a map of the property. There is a 1980 model, 7 Tower, Raincat Pivot Sprinkler System on the west side that conveys with property. The east sprinkler is a Valley that belongs to the tenant, and is not part of the sale. It will be removed by the tenant unless other arrangements are made. Electricity is available. The plastic underground tile is in good condition, and does not require booster pumps for the sprinklers. Access is provided by County Road B on the east boundary, and another County Road on the west boundary. This property deserves consideration. Give Johnny Street a call for an appointment to view the property.
Taxes: Hale and Lamb Counties, all entities total $4,623.23 (base 2012)
Price: $763,048.00
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Location: 3 miles east of Olton Texas, then 3 miles south on County Road B to the NE corner of property.