New survey shows 161.39 acres. Land is idea for hunting and sellers receive an annual income for the use of an easement & right of way for pipeline, electric power lines and road that runs thru the property. The amount of royalty is based on a contract with the lessee that expires 2035. The royalty checks are deposited monthly. Seller's state they have been receiving an average of $12,000 for the past few years. Property has a nice creek that runs thru it. Lots of wildlife, deer, turkey and sellers state they have seen a cougar on the property. New owners must agree to continue the lease agreement with Lessee. Property has a locked gate at the entrance and all showings must be scheduled and buyer's agent to attend showings. Contact listing agent to arrange showings and for lockbox code. No trespassing without permission from listing agent/sellers/lessee. Timber cut approximately 15 years ago.
MLS# | 2768079 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Days On Site | 63 |
Listing Provided By | Landmark Realty and Auction | Ann Jordan |
Zoning | Forest |
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Acreage | 161.39 |
State | TN |
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County | Benton County |
City | Camden |
Zip Code | 38320 |
School District | Camden Central High School |
Elementary School | Camden Elementary |
Middle School | Camden Jr High School |
High School | Camden Central High School |
Listing VS Median (in 38320) | |
Price: $532,587 low | high Med: $207,000 On Site: 63 low | high Med: 58.500000 |