$1,207,500
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115 Acres Lot
SOLD DATE : 01/16/2022
Key Details
Property Type Vacant Land
Sub Type Ranch
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 8284606
Sold Date 01/16/22
Originating Board actris
Tax Year 2021
Lot Size 115.000 Acres
Property Description
Looking for an income-generating property with endless upside? Look no further than Fentress Farm. This ~115 acre farm is located in the heart of the rapid growth in Central Texas and will immediately provide cash flow opportunities to new ownership. The property is currently farmed by a local farmer on a year-to-year lease agreement that new ownership could keep in place if they desire. Fentress Farm is currently made up of 80 acres planted in cotton, 7 acres planted in sorghum-sudangrass cross used for hay production, and the remaining acreage consists of native brush. The property is located less than 0.5 miles SE of SH130(Toll Road) and is strategically located less than 15 miles from New Braunfels, San Marcos, Lockhart, Luling, and Seguin. The farm carries an active 1d1 agricultural property tax valuation allowing for a low holding cost investment that is sure to appeal to a variety of land buyers/investors in today’s competitive market.-Electric: No meter on the property. GVEC in close proximity. Water: No meter on the property. Crystal Clear Water Supply in close proximity. MINERAL RIGHTS: 100% will convey
Location
State TX
County Guadalupe
Interior
Fireplace N
Exterior
Fence See Remarks
Utilities Available Electricity Available
Waterfront No
Waterfront Description None
View Hill Country, Pasture
Private Pool No
Building
Lot Description Agricultural, Farm, See Remarks
New Construction No
Schools
Elementary Schools Rodriguez (San Marcos Isd)
Middle Schools Goodnight
High Schools San Marcos
Others
Restrictions None
Acceptable Financing Cash, Conventional
Tax Rate 1.5801
Listing Terms Cash, Conventional
Special Listing Condition Standard
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