$2,000,000
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55.23 Acres Lot
SOLD DATE : 12/01/2023
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Subdivision D Davis
MLS Listing ID 20365740
Sold Date 12/01/23
HOA Y/N None
Annual Tax Amount $59
Lot Size 55.233 Acres
Acres 55.233
Property Description
Waterfront property on Lake Ralph Hall, the next public lake under construction in Fannin County. Water is expected 2025. Property is 55 + OR - acres with a current Wildlife exemption. Mostly zoned for Single family homes. Approximately 19 acres of this land is subject to purchase or exchange with Upper Trinity Regional Water District. Current owner desires prospective buyer to handle all discussions and bargaining with the water district on the property subject to purchase or exchange with Upper Trinity. A reasonable option period and fee will be available to the prospective buyer to accomplish this. Please contact listing broker for survey and more details. This is a property for experienced developers or investors. Buyer and their agent are responsible for all due diligence. Appropriate contacts, a survey and proposed take by the water district and previously communicated ingress egress information is available upon request. Owner may finance with a reasonable down payment.
Location
State TX
County Fannin
Zoning Zoning is mostly in Rural Real estate single family district. Buyer and agent to verify all zoning.
Direction From Honey Grove, TX travel South on US 34 to FM 1550. Travel West to FM 2990. Drive South to CR 3365. Property fronts FM 2990 from that raod to the gate entrance on the South end. Signs on property.
Exterior
Fence Barbed Wire, Gate
Utilities Available Co-op Electric, Co-op Water, Electricity Available
Waterfront 1
Waterfront Description Lake Front,Lake Front – Main Body
Garage No
Building
Lot Description Acreage, Irregular Lot, Oak, Pine, Water/Lake View, Waterfront
Schools
Elementary Schools Fannindell
Middle Schools Fannindell
High Schools Fannindell
School District Fannindel Isd
Others
Restrictions Development,Other
Ownership Of Record
Acceptable Financing 1031 Exchange, Cash, Owner Will Carry
Listing Terms 1031 Exchange, Cash, Owner Will Carry
Financing Conventional
Special Listing Condition Aerial Photo, Special Contracts/Provisions, Survey Available, Verify Flood Insurance, Verify Rollback Tax, Verify Tax Exemptions, Other
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Bought with Stuart Hall • FRONTIER PROPERTIES REAL ESTATE, LLC