Sold
Diverse Cropland And Pasture Quarter With Oil Production
Acreage
157.6 ±
County
Trego
SOLD
Address Victoria Road, Lot#WP001 Ellis, KS 67637
View on Google MapsDescription
Located just 4 ½ miles SW of Ellis, KS, on Victoria Road, this quarter section offers an excellent investment opportunity! This property consists of 99.36 acres of cropland, 41.36 acres of fenced pasture, and an additional 12.3 acres enrolled in the CRP program through September 30, 2023. The cropland and pasture acres are currently leased under a cash rent farm lease for the 2024 agriculture year, with plans for all cropland to be planted to wheat in the fall of 2024. The property boasts an excellent tenant who is open to continuing the lease on the property.
A ¾ acre pond within the pasture provides adequate water for livestock and wildlife while also enhancing the natural beauty of the property. This area of the county offers good whitetail deer, upland birds, and migratory bird hunting.
Included in this offering are all of the Seller's mineral rights and the transfer of the Seller's royalty interest from one active oil well on the property. The Cleghorn 1-35 Lease oil production numbers are included in the bullet points. Contact listing agent Adam Hann for more details!
The 2023 Real Estate taxes amount to $660.80 annually. Needless to say, this farm presents a compelling opportunity for a potential net ROI in excess of 4%, which is very rare in today's land market!
Whether you're an investor searching for another great income-producing asset that you can also enjoy spending time on or a farmer/rancher looking to add more acres to your operation – this may be the land for you.
Contact the listing agents today for more details regarding this great land investment opportunity.
Details
- 4 ½ miles SW of Ellis, KS on Victoria Road
- 99.36 +/- acres of cropland
- 41.36 +/- acres of fenced pasture
- 12.30 +/- acres enrolled in CRP program thru September 30, 2023. $394 annual payment
- Cropland and pasture acres are currently under a cash rent farm lease for 2024 agriculture year
- All cropland will be planted to wheat in Fall of 2024
- Excellent tenant who is willing to continue leasing property
- ¾ acre pond in the pasture provides water for livestock and wildlife
- Whitetail deer and upland birds prevalent in this area
- All of the Sellers mineral rights will transfer to the Buyer upon closing
- 1 active oil well on the property. All of Seller’s royalty interest shall transfer to the Buyer upon closing
- Cleghorn 1-35 Lease Production (BBLs): 1,567 bbls, 2020; 1,240 bbls, 2021; 1,088 bbls, 2022; 1,095 bbls, 2023
- 2023 Real Estate Taxes, $660.80
- Potential for Net ROI in Excess of 4%
- Legal Description: SE/4 of Section 35-13-21 in Trego County, KS
Summary
Land Type
Ranch and Farm
Land Details
Pasture, Tillable, Enrolled in Government Program, Grass, Hay, Pond
Road Surface
Gravel
Property Type
Farms, Recreational Land, Hunting Land
Road Frontage
County Road
Improvements/Features
Small Game, Big Game, Upland Game, Predators, Waterfowl, Water Control Structures, Seller's Mineral Rights Convey
Land and Farm Property Types
Agriculture - Farm, Land - Hunting, Land - Recreational
Other Property Details
Coordinates
38.873, -99.6192
Annual Taxes
$0
Sold Property
For more information or to see additional properties currently for sale see Adam Hann's listings.