126.5 acres in Menard County, Texas

Property Description

RANCH NAME: The Gilbert Ranch

ADDRESS: 6055 E. FM 2092

COMMENTS: * This property is very remote and rural and perfect for a hunting/weekend retreat for people from Austin and San Antonio, TX areas * Perfect ranch for hunting and water activities such as Kayaking/Canoeing/fishing/and great huge pecan trees lining the river for picnics and great relaxation * Scattered oaks and some mesquite on the place * Minimal improvements with little value in them due to age * Seller is conveying all water rights and majority of minerals(51 percent) with a lease in place with a neighbor for water rights that produces approx. 2500 per year -could release it to the neighbor after becoming new owner for more money possibly * Abundant amount of underground water available due to the San Saba River being at the property * San Saba River frontage of at least a half of a mile and all appraisers will agree that land on this river in comparison to the Colorado River will sell for more per acre * Have new and current survey * Have current appraisal at $5k per acre * All large neighbors around it * This ranch lies within the Menard County Underground Water District * Property taxes are very low with the Ag. Valuation in place * Great deer hunting and dove hunting and fishing on the place * Small places like this on the San Saba River are hard to come by at this price these days * Cattle of owner`s already there * Fences need some work and all perimeter is standing and some cross fencing * Some old irrigation ditches down by river

IMPROVEMENTS: Old Shed and Old Cabin and old Mobile Home and Hay Barn(Minimal Improvements overall of no real value)

TAXES: Menard County (Taxes with Ag. Valuation is at $400 per year)
Menard FC and LR
Menard Co. Hospital
Menard County Water District
Menard Underground Water
Menard ISD

MINERALS: seller owns all of the minerals and will convey a majority of them(51 percent) and he owns them all and also all water rights will convey he owns(current lease with owner with neighbor at $2,500 per year for 165 acre feet of water out of the river)

TERRAIN: Asking $632,750($5K per acre) List Price and seller wants cash/conventional or 1031 exchange

WILDLIFE: dove and duck and plenty of bass and catfish and some deer

Road Frontage/Configuration: approx. 500 feet on FM 2092 / irregular long rectangular

Utilities: Electric-PEC and WTU/AEP
Water-have to do a water well, great subsurface water available shallow due to San Saba River, no rural potable water available except old shallow hand dug water well down by river by old cabin, old small shallow 15-20 feet deep cistern close to the old improvements at the main house area
Waste Water-septic(old cistern)
Phone-AT&T
Natural Gas-propane available only
-6/16/2017

The Gilbert Ranch Menard Texas 76859