1530 County Rd Unit 3120, Bonham, TX 75418 - 20017552 - iPro Real Estate
iPro Real Estate

iPro Real Estate

For Sale

$1,650,000 $0.25 per sqft

Free Professional CMA

Listing ID : 20017552

  • Lot Size

    150.0000 Acre

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 WILL RETAIN 95% OF THE LEASE AND 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 $480 AN ACRE ,LEASE FLUCTUATES)

Details

Type: Land Sale 
Subdivision: Em Eubanks Surv Abst #343 
County: Fannin 
Tax ID: 074644
Annual Taxes: $2,797
School District: Bonham ISD
Lot Features: Other 
Days on Market: 248 
Property Type: Land Sale 
Proposed Use: Commercial, Investment, Other 
Restrictions: Other 
Sub Type: Unimproved Land 
Utilities: All Weather Road, Gravel/Rock, Outside City Limits 
Zoning: NONE 

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Interactive

33.476601 -96.135948 $1,650,000 20017552
1530 County Rd Unit 3120, Bonham, TX 75418
Directions to here from:

Area Information 75418

Population:

14,740 Up .04% since 2010
Average Income:
$69,983
Average Age:
43Years
Gender:
57.63%Male
42.37%Female
Households:
4,84128.52% with children
Average Value:
$237,029
Occupancy:
65.47%Owned
34.53%Rented
13.54%Vacant
Education:
33.01%High School
4.87%Associate
10.03%Bachelor
7.22%Graduate
Average Residency:
19Years
Crime Rate:
Average
Annual Rainfall:
44.28Inches
Annual Snowfall:
3Inches
Earthquake Risk:
Below Average
Hail Risk:
Very High
Hurricane Risk:
Below Average
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Above Average
Wind Risk:
Below Average

History

Date Transaction Price Mortgage Amt & Lender
Date
Oct 25, 2022
Transaction
MLS#20017552
Price
NDA
Mortgage Amt & Lender
- -
Date
Oct 25, 2022
Transaction
MLS#20054602
Price
NDA
Mortgage Amt & Lender
- -

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Listed by Teresa Mills with Bonham Land & Ranches, LLC

Based on information from the North Texas Real Estate Information Systems, Inc., 12/9/2022.