Land is flat and populated with mesquite and some liveoak trees, good cattle working pens, 2 submersible pumps are solar powered, pasture is cross-fenced and has two highway frontage gate entries. Near Possum Kingdom Lake. Texas Atlas and Gazetteer designates TX HWY 16 frontage of this ranch as Texas Travel Trail (Scenic Drive). Must see to appreciate.
Property is located on the north side of Texas Highway 16. The south east property boundary is located approximately 500 ft from the intersection of TX HWY 254 & TX HWY 16 where St. Francis Catholic Church is located. From southeast boundary property frontage extends 5570 feet.
The approximate monthly Principal & Interest payment for this property would be $54,530. This payment is based on a 30-year loan at a fixed rate of 3.850 % with a down payment of $1,292,400. Actual lender interest rates and loan programs may vary. Use our Mortgage Payment Calculator to determine a more exact payment estimate.