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1530 County Rd 3120

Bonham, TX 75418
  • $1,200,000
  • STATUS: Active
  • ON SITE: 302 Days
  • MLS #: 20017552
$1,200,000
  • 0
    BEDS
  • 150
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:
Area:

School Information

High School:
School District:
Offered by Teresa Mills of Bonham Land & Ranches, Llc: 903-583-4455.

Description

INVESTORS HERE IS A CHANCE TO OWN A LARGER TRACT OF ACREAGE IN FANNIN COUNTY AND GET A YEARLY RETURN!! THIS 150 ACRES, CURRENTLY IN A SOLAR FARM LEASE, IN RURAL FANNIN COUNTY WITH COUNTY ROAD FRONTAGE ON 3 SIDES. CURRENTLY HAS A 33 YEAR SOLAR LEASE. THE SELLER IS OFFERING 5% OF THE LEASE TO BUYER ANNUALLY. AFTER THE LEASE HAS ENDED THE SOLAR COMPANY WILL RENEGOTIATE WITH BUYERS. THE LEASE STATES THAT IF THE LEASE IS EXPIRED AND NOT RENEWED THE COMPANY WILL RETURN THE LAND TO ITS PREVIOUS STATE. SELLER'S TAXES ARE SET AT HIS PREVIOUS AGRICULTURE RATE AND THE COMPANY PAYS THE INCREASED COMMERCIAL RATE. ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION(CURRENT YEARS LEASE PAYOUT WAS @$500 AN ACRE ,LEASE FLUCTUATES)

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© 2023 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices PenFed Realty Texas. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices PenFed Realty Texas are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-01-27T23:43:19.713.
www.rhodesteamtexas.com/homes/127255358
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1530 County Rd 3120 Bonham, TX 75418

  • Price: $1,200,000
  • Status: Active
  • On Site: 302 Days
  • MLS #: 20017552
0
Beds
0
Baths
0
½ Baths
150
Acres
Neighborhood:
Em Eubanks Surv Abst #343
County:
Fannin
Area:
Bonham
High School:
Bonham
School District:
Bonham ISD
Property Description
INVESTORS HERE IS A CHANCE TO OWN A LARGER TRACT OF ACREAGE IN FANNIN COUNTY AND GET A YEARLY RETURN!! THIS 150 ACRES, CURRENTLY IN A SOLAR FARM LEASE, IN RURAL FANNIN COUNTY WITH COUNTY ROAD FRONTAGE ON 3 SIDES. CURRENTLY HAS A 33 YEAR SOLAR LEASE. THE SELLER IS OFFERING 5% OF THE LEASE TO BUYER ANNUALLY. AFTER THE LEASE HAS ENDED THE SOLAR COMPANY WILL RENEGOTIATE WITH BUYERS. THE LEASE STATES THAT IF THE LEASE IS EXPIRED AND NOT RENEWED THE COMPANY WILL RETURN THE LAND TO ITS PREVIOUS STATE. SELLER'S TAXES ARE SET AT HIS PREVIOUS AGRICULTURE RATE AND THE COMPANY PAYS THE INCREASED COMMERCIAL RATE. ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION(CURRENT YEARS LEASE PAYOUT WAS @$500 AN ACRE ,LEASE FLUCTUATES)
Exterior Features

Lot Description Other Parking Spaces 0 Road Frontage Type County Road

Interior Features

Kitchen Equipment 903-583-4455

Property Features

AGExemption No Current Use CommercialInvestmentOther Development Unzoned Easements Other HOA None Junior High School Name Rather List MLSProvider Greater Texoma Association Of Realtors Municipal Utility District Yes Possession Closing/Funding Property Type Unimproved Land Restrictions Other Unexempt Taxes 2797 Utilities All Weather RoadGravel/RockOutside City Limits Will Subdivide No Zoning None

North Texas Real Estate Information Systems MLS logo Listing information © 2023 North Texas Real Estate Information System.


© 2023 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices PenFed Realty Texas. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices PenFed Realty Texas are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-01-27T23:43:19.713.
 
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Berkshire Hathaway HomeServices PenFed Realty Texas
3624 Long Prairie Road, Suite 100
Flower Mound TX, 75022
Offered by Teresa Mills of Bonham Land & Ranches, Llc: 903-583-4455.