Current Use by Public Records
- Land
Property Details for 0 - Tract 2
- Lot size
- 48.08 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 48.08-acre property presents a unique investment opportunity, blending agricultural income with recreational and residential potential. Located just 20 minutes from Waco, and within a reasonable driving distance of Dallas, Austin, and Houston, this land offers unparalleled convenience. Currently leased to a crop farmer (tenant retains post-sale harvest rights), the property generates income and boasts approximately 575 linear feet of frontage on CR 494 N, only 0.3 miles from Hwy 7. The flat topography is ideal for various uses, including livestock grazing (easily converted from cropland), and the wet weather creek bordering the rear adds to its natural appeal. A custom homesite is also possible. Utilities are nearby; a water line is at the Hwy 7 and CR 494N intersection, and Oncor Electric services the area. While there are no meters on the property, the location above the Trinity Aquifer suggests a high probability of successful well drilling. The property is under an agricultural exemption for tax purposes, and all owned minerals convey. Note that an Atmos Gas line and a fuel pipeline traverse the property, and an abstract of title is recommended to identify any additional easements. Various soil types are present (refer to the USDA Soil Map for details). This versatile property offers a compelling blend of income generation, recreational enjoyment, and future development possibilities. The asking price is $457,857, or $9,523 per acre. Showings are by appointment only.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chilton
- County
- Falls
- State
- Texas
- Longitude
- -97.0628
- Latitude
- 31.2751
