Property Description:
This is an investment that you can enjoy as a full or part time retreat. Whether you farm the land yourself or lease it to one of the nearby farmers, you have the ability to make money while keeping the ag exemption to keep your real estate taxes low. Equestrian opportunities are also possible due to the existing fields of coastal Bermuda, sandy loam soil (great for horses) and location in the middle of the North Texas horse country. But the real opportunity is the location in the path of growth for the growing north Texas population growth. Someday in the near future, the opportunity to develop the property with houses will be an option.
Improvements:
A nice brick and pipe fence entry and tree lined driveway lead to the well maintained brick, 4 bedroom, 3 bath home which totals approximately 3,000 sf and was built in 2000. It has an asphalt drive from the road to the three car attached garage and a circle driveway at the front entry.
The area around the house is attractively landscaped and irrigated with nice fencing around the house as well. Outside living is encouraged whether sitting on the front covered porch, on the back patio or around the fire/BBQ pit. An underground electric line comes up from FM 902 to the main house.
The metal equipment barn is 50’ x 75’ with concrete floors and three large roll up doors (2-12’Wx12’H and 1- 14’W x 12’H) and 14’ walls.
The Hay barn is 50’ x 120’, with all but the last 20’ being concrete flooring. It has 16’ walls and a large 20’W double door that is 16’H. there are 2-16’W x 14’H rollup doors as well. The barn will hold up to 11,000 square bales of hay.
Location:
The property is located just over 1 hour from either downtown Dallas or Fort Worth, in the southwestern quadrant of Grayson County. The address is 24687 FM 902, Collinsville, 76233, and is located just east of downtown Collinsville, TX. The property is less than 10 miles west of the future extension of the North Dallas Tollway.
Road/Frontage Access:
The ranch is located on the north side of Farm to Market 902 and has approximately 3,079 feet of road frontage and generally rectangular in shape with a depth of approximately 3,700 feet.
Land:
This ranch features some of the most pristine hay producing farms in the area, with between 170 and 200 acres being in costal Bermuda hay production. They get a minimum of 3 cuttings a year and sometimes as many as 5 cuttings, depending on the weather. The hay produced is a mixture of square horse bales, round horse bales and round cow bales. The majority of the property is Ag exempt.
In addition to the excellent improved pasture, the house sits in the middle of an incredible orchard of trees which also are sprinkled along the southern portion of the property as well as lining the main entry/drive to the main residence.
Water:
The property is located in the both the City of Collinsville Water Utility District as well as the Two Way Special Utility District. A water well is located at the northern portion of the property.
There are several small stock ponds throughout the property and a draw or tributary that exists near the eastern boundary line of the property and according to a survey, approximately 10 acres is in the flood plain.
Terrain/Topography:
The terrain of this property is very level, and ideal for production. There are approximately 10 to 20 foot elevation changes near the southeast corner of the property. Soil types on the property included Maybank loam, Crockett loam, and a small portion of Whitesboro soils.
Minerals:
There is production on the ranch, with three existing wells. No minerals convey with the sale of the ranch.
