Auction Information
Lamb Watts Tract 3
Lamb County Irrigated Land Auction* 3 Tracts*
8 Wells* 3 Pivots* Offered Separate and Combined*
463 Acres Total* Consisting of Tract 1: 189.9+/- Acres* Tract 2: 171.8+/- Acres, and Tract 3: 102+/- Acres. Date: Friday, February 26, 2016* Time: 10:00 am
Legal Description Tract 3: A4800, T A Thomson, Block T, Tract S/2 of SW/4, Section 56, Lamb County Texas, containing 102 acres more or less.
Description: Tract 3 is another nice irrigated farm in Lamb County. There are 2 irrigation wells that are producing a combined total of 100-125 gallons of water per minute. The wells average 230 depth. The wells are tied to the sprinkler system with underground tile. The Sprinkler system is a 90s model Zimmatic with standard panel and applies water in a wind-shield wiper pattern. An older sprinkler is detached and located in the north part outside of the current sprinklers path. This old sprinkler ...
Description: Tract 3 is another nice irrigated farm in Lamb County. There are 2 irrigation wells that are producing a combined total of 100-125 gallons of water per minute. The wells average 230 depth. The wells are tied to the sprinkler system with underground tile. The Sprinkler system is a 90s model Zimmatic with standard panel and applies water in a wind-shield wiper pattern. An older sprinkler is detached and located in the north part outside of the current sprinklers path. This old sprinkler will not be removed and will convey to the Buyer. The corners and small area on the north are established in grass and not in the CRP program. Excellent access is provided by FM 1072 on the west boundary and County Road 272 on the south boundary. Take a look at this nice, small irrigated farm.
View USDA maps, base and yield information, and photos on my website.
Taxes: $343.71
Minerals and Wind Rights: Seller reserves one half of the mineral interests currently owned. Seller reserves one half of the wind rights.
Terms: Property will be offered in multiple tracts, and then combined at auction and sold AS IS. Buyer and Seller will sign a standard Farm and Ranch contract immediately after the auction. Buyer is required to pay 10% earnest money day of sale, and close and fund the transaction within 30 days after the auction date. EARNEST MONEY WILL BE NON REFUNDABLE IF TRANSACTION FAILS TO CLOSE DUE TO BUYERS INABILITY TO OBTAIN FINANCING, IF ANY. Earnest money will be credited to the purchase price at closing. Seller will provide title insurance and deed preparation. This is a reserve auction. Seller will have 45 minutes after the auction to accept or reject any and all bids. SOLD FOR CASH* NOT CONTINGENT ON FINANCING*Any announcements made sale day take precedence over all other previous advertisements. EACH BIDDER SHOULD PERFORM AN INVESTIGTION TO VERIFY THE INFORMATION IN THIS FLYER, AS NO WARRANTIES ARE CREATED WITHIN*
Note: Street Real Estate and Five Star Auctioneers represent the Seller in this transaction.
If a Buyer uses another Realtor or Broker, that Buyer must pay the other Realtor or Brokers fee, if any. (There is no Buyers premium)
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Location of Sale: From Fieldton Texas, 5 miles south on FM 1072 to barn on west side of road, or from Littlefield Texas, 6 miles east on Hwy 54, then 3 miles north on FM 1072.
Location Tract 3: 6 miles south of Fieldton Texas on the east side of FM 1072. County Road 272 is the south boundary.