Being a 36.601 acre parcel of land in the A. R. Stevens Survey, Abstract 758. New survey and field notes found under attachments. The additional 5 acres is seller's brother's Life Estate that is not for sale. Upon his death, seller will give buyer of the 36.601 acres the First Right of Refusal to purchase house and five acres.. See survey map attached for easements on the property.
Remarks: Take advantage of OWNER FINANCING available at below market interest rate. ONLY 5.5% INTEREST RATE loan with a balloon at 10 years with longer amortization with 20% down. Very nice improved pasture property located near Neches including a nice pond. Several nice building sites. Currently used for hay production with several rolls per acre produced. Good pasture land with improved grass. Neches Water Supply says community water not available at this time since line is overloaded. The property surrounds ...
Remarks: Take advantage of OWNER FINANCING available at below market interest rate. ONLY 5.5% INTEREST RATE loan with a balloon at 10 years with longer amortization with 20% down. Very nice improved pasture property located near Neches including a nice pond. Several nice building sites. Currently used for hay production with several rolls per acre produced. Good pasture land with improved grass. Neches Water Supply says community water not available at this time since line is overloaded. The property surrounds a home and 5 acres that currently has a life estate with owners brother. and not currently for sale. When available, the 5 acre tract will be offered to the buyer of the 36.601 acres for First Right of Refusal.
Agent Remarks: Land is leased for hay production and tenant shall remove any hay prior to closing. The 36.601 acres is deeded to the seller with no restrictions. However the house and other improvements on the 5 acres is under a "Life Estate" with seller's brother and he is not willing to sell his life estate at this time. Call listing agent for code to the lock box and the best showing instructions on the property.
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Research Parcel InformationFrom downtown Neches at the post office at the corner of FM 2574 and FM 321, turn on FM 321 and go 1/2 mile and turn right on ACR 341. Follow 3/10 mi. to a red gate on the right with 349 on post. Lock box on post to brass lock. See survey in attachment. Go to the first gate to the left and enter the pasture. No address at this time. The 549 goes to the house. Property circles around the house.