Property ID: Lamb27
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Price: $185,850.00
Acreage: 354.00
Price Per Acre: $525
Acreage of CRP: 348.0000
CRP Total Payment: $11536.00
Year that CRP Expires: 2011
School System: Littlefield ISD
Mineral Rights: 1/2 Owned will convey
Taxes: $961.64
Topography: Flat
Latitude: 33.964
Longitude: -102.294
Access to Property: Highway Frontage FM 2197
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Lamb County
Conservation Reserve Program
Eric Turpen
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From Littlefield, TX go 3.5 miles North on Hwy 385, then 1.5 mi East on FM 2197.
Improvements:
Fences:
1/4 mile of barbed wire in excellent condition
Water Wells:
City Water Tap is available. 3-Irrigation wells are leased out to adjoining property owner for $5,400/yr.
Pumps and panels owned by Leasee.
Utilities:
Electricity:
Yes
Natural Gas:
No
Three-Phase Electricity:
Yes
Additional Information:
This is a nice place for Conservation Reserve Program income as well as income from the lease on the irrigation wells, a total of $16,936 annually. There has been some interest in homesite development. Depreciable assets include 3-irrigation wells, approx. 4,520 ft of 6 inch PVC and 1,300 ft of 8 inch PVC. Littlefield City Water Tap is Available. Owner is a licensed Texas Real Estate Agent.
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