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Dallam County, Texas real
estate |
Click on photos to enlarge |
 Listing
# TX10005 SOLD PENDING CLOSING
Price $2,145,000.00
1650 acres, Dallam County Texas Irrigated Cropland
Location: This irrigated cropland is located North of Dalhart Texas.
Description: 1650 acres of which 1000 acres are irrigated cropland.
There is 1000 tillable acres, (650 acres in native pasture) with a yield
of 60+ bushels of Wheat per acre (500 acres in Wheat) and 190+ bushels
of Corn per acre. Agricultural lease offers
opportunities favorable to investors.
Lease: As rent, Lessee pays landlord one-half of all crops produced
from the property and also one-half of all other farm income pertaining
to the property. 60% of rent represents rent of irrigation equipment and
remaining 40% of the rent represents rent of the land. Landlord pays for
repairs to pumps and all other improvements below surface ground. Lessee
pays for repairs to the sprinkler, motor and all other improvements
above ground. Each party participates in marketing of the crops.
Government Farm payment received annually approximates to $20,000 DCP.
Irrigation and water sources: 2 – 1997 Zimmatic Sprinklers with 16’
tower, 8- irrigation wells, 6- Gear Head – drive lines and cooling coil,
2- Electric Generators and 2- Electric Submersible pumps. See attached
inventory of equipment with model numbers. Owner presently has 8 wells
total with 6 wells at 500GPM and 2 wells at 100GPM. Sprinklers and wells
in excellent condition and water quality is good.
Fencing: Fair, 5 strand barbwire.
Equipment: View complete list in our photos and documents. List
includes all sprinklers, irrigation wells, gear head, drive lines and
cooling coils. In addition the list reflects 2- electric generators and
2- electric submersible pumps.
Soils: Soil survey for the Dallam County area and subject property
reflects well drained, moderately permeable soils formed in loamy eolian
sediments. These soils are on nearly level to slightly sloping terrain.
Minerals: Some are owned by current owner and will convey at time of
sell.
Real Estate Taxes, (2009) $2505.08 with no other cost.
No Pipelines or other Easements known to date.
Conclusion: This Farm is close to Dalhart, Texas and local Agri-business
structure. Irrigated Farmland produces a substantial annual income
through the crop lease and is a great investment in today's market. As a
buyer you would receive annual crop lease payments, possible
appreciation of the property over time and as a new buyer you could
receive a tax benefit from depreciable assets.
Information is taken from sources believed
reliable; however, no guarantee is made by the real estate company. |
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JOHNSON 1640 ACRE TRACT EQUIPMENT LIST
South ½ Section 70, South ½ Section 71, Section 72, North ½ Section 73
1 – 1997 Zimmatic Sprinkler 16 tower 2600’ serial # L59123
1 – 1997 Zimmatic Sprinkler 16 tower 2600’ serial # L59048
8 Irrigation wells
7 – Natural gas motors
1 – MM
1 – GM 5.7L
1 - MM
1 - GM 5.7L
1 - GM
2 - new motors (I will find the brand and serial #s)
6 – Gear Head, drive line, and cooling coil
1 – Amarillo serial # SH200A 190327
1 – Amarillo serial # SH150A 227121
1 – Amarillo serial # 48C 72515
1 – Amarillo serial # 2BL90 33147
2 - new gearheads (I will find the brand and serial #s )
2 - Electricity generator
1 – genset WEG model # 200M126311 ser #135879 10 04
1 – generator for east pivot serial # LM 178587
2 - Electric submersible pumps
Information is taken from sources believed
reliable; however, no guarantee is made by the real estate company. |
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Texas
Farms - Ranches - Land and Real Estate For Sale
Rural Property For Sale - CRP and/or Hunting Land For Sale -
Hunting Lodges
Texas real estate, Texas farms, Texas
ranches, Texas hunting land, Texas rural real estate |
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