556 Acres 281 Highway

Description

Owner Financing Available, 15% down payment. Ideal tract of land to build your dream home, ranch or weekend getaway. 55.06 acres fronting Hwy 281 as well as Abernathie Road (private road). This property is mostly open with a few scattered hardwood. There is electricity as well as a water well that produces 15 gallons per minute. Great native grasses. Ag Exempt. This property is part of a development, with other tracts being available. The property is well suited for a horse or cattle operation. Asking price: $495,000Water: Property has a water well that makes roughly 15 gallons per minute and is at a depth of 200’.Electricity: The property has electricity. It runs from Hwy 281 to the water well.Oil and Gas: There are two well sites on the property. One located at the northwest corner with its own entrance off Hwy 281. The other is at the northeast corner. Deed Restrictions: No subdividing. No manufactured, mobile or modular homes including but not limited to storage containers converted to residential use or modular storage sheds converted to residential use. No part of the property shall be used as a wreckage yard or for use of waste refuge with impermissible materials including but not limited to oil field equipment, car wreckage or parts, trash or trash pits, metal recycling, etc. RVs are permitted while building permanent residential structure(s) – no more than 12 months. No commercial uses are permitted.If cooperating broker-agent is not present during initial contact, showing(s), and-or negotiations, the cooperating broker-agent will not be entitled to the full cooperating-compensation fee with the cooperating-compensation fee being at the sole discretion of Maddox Realty