DESCRIPTION: 320 acres, more or less, of dryland farmland with terraces, located southwest of Lakeview in Hall County, Texas. Previous crops cotton, wheat, and grain sorghums. \rLEGAL DESCRIPTION: 320.00 acres, more or less; N/2 of Section 48, Block 2, T&P Ry. Co. Survey, Hall County, Texas. \rMINERALS & MINERAL RIGHTS: Subject to previous reservations of record. Seller owns none, so there are none to convey.\rIMPROVEMENTS: None. Old homestead site with dilapidated barn.\rFENCES: Poor to None.\rTOPOGRAHY: Slightly rolling with terraces.\rSOILS: Clay\rFSA BASE ACREAGE & YIELDS: 304.76 acres Cropland, with 180.16 acres Seed Cotton Base with a PLC yield of 701 lbs. and 45.40 acres UNA Generic Base\rWATER CONSERVATION DISTRICT: Mesquite Groundwater Conservation District (MGCD).\rSURFACE WATER: None. \rWATER: There is not a working water well on the property. Old cistern. (A Brice-Lesley Water Supply Corporation line is located about half a mile from southeast corner). \rWATER RIGHTS: All water rights will convey to buyer.\rWIND RIGHTS: All wind rights will convey to buyer. \rUTILITIES: Lighthouse Electric line down east boundary and along northern boundary. No Gas. No Propane. \rZONING: Agricultural. Located outside of any municipality. \rEASEMENTS & RIGHTS-OF-WAY: There are no known easements or rights-of-way that will affect the operation of this property. \rSCHOOL DISTRICT: Memphis ISD\rTAXING DISTRICT: Taxes for 2020 were $748.42 annually with Agricultural Value Exemption\rHUNTING LEASE: None.\rGRAZING LEASE: None. \rPERSONAL PROPERTY: None\rPOSSESSION: Subject to harvest of any growing crop(s). 1/4 owner & 3/4 tenant crop share lease on cotton and 1/3 owner and 2/3 crop share lease on wheat or grain sorghum.\rDIRECTIONS: Lakeview is 10 miles southwest of Memphis. Memphis is on US Hwy 287, between Amarillo and Wichita Falls. From Lakeview, take State Hwy 256 for four miles to County Road 11, then go south two miles to County Road H. Property lies on south side of County Road H between County Road 11 and County Road 10.\rBuyer's Broker must be identified upon first contact with Listing Brokerage Firm and must accompany buying prospect on first showing to be allowed brokerage fee participation. Otherwise, the fee participation will be at the sole discretion of Listing Broker. \rBuyer Agents representing serious qualified buyers can contact Listing Broker for more information, or to set up an appointment. \rNO TRESPASSING. PLEASE DO NOT ACCESS PROPERTY WITHOUT WRITTEN PERMISSION FROM LISTING BROKER. \rAs with any Exclusive Listing Agreement, owners are not to negotiate with any prospective buyers, but to refer all prospective buyers to the Listing Broker, so please ask your buyer prospects to not contact any of the owners directly. Please direct all questions to Listing Broker. This property is not for Rent, not for Lease and Owner Financing is not available.