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    Cr 1700 Elk City, KS 67344

    For Sale
    $554,470

    Recreational farm with gas income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 158.43-acre property in Montgomery County, Kansas, near Elk City (zip code 67344) presents a unique investment opportunity. Currently generating income from a pasture lease ($4,000 annually, prorated to October 15th) and gas royalties ($50 monthly), this land offers diverse revenue streams. The property boasts abundant wildlife, ideal for hunting deer and turkey, with potential for additional hunting lease income. Rural water and electricity are available, making it suitable for building a residence on the elevated land overlooking two creeks and a wooded area. Two stocked ponds, one recently improved, provide excellent habitat for waterfowl. The property's eastern boundary connects to Duck Creek, enhancing its ecological value. Approximately 70 acres are covered in timber, providing a natural habitat, while the remaining land is open grassland. The combination of tillable land, timber, and water sources creates an ideal environment for wildlife, further enhancing its recreational appeal. The property's location at CR 1700 Road offers stunning views in all directions. This versatile property is perfect for those seeking a blend of recreational enjoyment, agricultural income, and potential for future development.

    Property Features for 0 Cr 1700

    General Information

    Property type
    Farms
    Lot Size
    6,901,211 SF

    HighLights

    • $554,470 asking price for 158.43 acres of Kansas farmland.
    • Montgomery County, Kansas location near Elk City (zip code 67344).
    • Property includes pasture land with a $4,000 annual lease (prorated), gas lease generating $50/month, and hunting opportunities.
    • Features include two stocked ponds, timbered areas, and tillable land.
    • Rural water and electricity available; buildable hilltop location overlooking creeks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elk City
    County
    Montgomery
    State
    Kansas
    Longitude
    -95.940971
    Latitude
    37.2766304

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    FAQs

    What type of property is this?
    Farm - Recreational farm with gas income.
    Where is this farm located?
    The property is located at Cr 1700 Elk City, KS.
    What is the asking price?
    The asking price for this property is $554,470.
    What are key features of this property?
    This property features: $554,470 asking price for 158.43 acres of Kansas farmland.; Montgomery County, Kansas location near Elk City (zip code 67344).; Property includes pasture land with a $4,000 annual lease (prorated), gas lease generating $50/month, and hunting opportunities.
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    Elk City, KS 67344
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Cr 1700 Elk City, KS 67344
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