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Listing provided courtesy of RE/MAX DFW Associates IV- MLS# 21152649MLS ProviderContact Information: Marlene Bowdon - 972-971-6006

TBD Hwy 287 Highway SRhome, TX 76078

Vacant Land · 204.00 Acres
$6,250,000 Active

TBD Hwy 287 Highway S Overview

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Developers and Investors ALERT- this property has great potential with preparation underway for HWY 287 to become an interstate. Property will sell with adjoining 105 acres that is listed under MLS#21152657. Total of 309 acres - $6,250,000.00 combined price. Mineral rights to be retained and surface rights only - Oil and Gas lease with approximately 5 well heads active on the property and per TARGA they are open to relocating the pipeline if needed. This can be done upon closing. Current cattle lease in play and can remain on the property for AG EXEMPTION.

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TBD Hwy 287 Highway S Facts & Features

  • Type Vacant Land
  • Lot 204.00 Acres

Details

General

Association/HOA

  • Association: No

Distance to Services

  • Distance To Street Numeric: 225

School Information

  • School District: Decatur ISD
  • Elementary School: Young
  • Middle Or Junior School: Mccarroll
  • High School: Decatur

Business Information

  • Current Use: Agricultural,Commercial,Other

Location/Region

  • Country: US
  • County Or Parish: Wise
  • Postal City: RHOME
  • Subdivision Name: None

Community/Development

  • Development Status: Zoned

Rent/Lease Information

  • Land Lease: Yes

Tax Information

  • Tax Annual Amount: 144.0

General Information

  • Disclosures: Easement(s)
  • Exclusions: Mineral rights and cattle pens.
  • Listing Terms: All Inclusive Trust Deed,Cash,Conventional,1031 Exchange,Federal Land Bank,Owner Will Carry,Private Financing Available,See Agent
  • Parcel Number: 749537
  • Possible Use: Agricultural,Cattle,Commercial,Development,Industrial,Investment,Livestock,Multi-Family,Mini Storage,Mixed Use,Pasture,Place of Worship,Ranch,Residential,Recreational,Retail,Single Family,Warehouse
  • Property Sub Type: Unimproved Land
  • Property Type: Land
  • Senior Community: No

Interior

General Information

    Exterior

    Lot Information

    • Irrigation Source: Pipeline
    • Lot Features: Acreage,Agricultural,Cleared,Pasture,Pond on Lot,Rolling Slope,Few Trees
    • Lot Size Acres: 204.0
    • Lot Size Area: 204.0
    • Lot Size Source: Public Records
    • Lot Size Square Feet: 8886240.0
    • Lot Size Units: Acres
    • Number Of Lots: 2
    • Road Surface Type: Gravel
    • Topography: Hill
    • Vegetation: Cleared

    Waterfront/View

    • Waterfront: No

    General Information

    • Fencing: Barbed Wire,Fenced,Wire
    • Other Structures: Corral(s)
    • Road Frontage Type: Highway,Interstate,State Road
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    TBD Hwy 287 Highway S Monthly Cost

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    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.
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