50.217 ACRES / FANNIN COUNTY, TX

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Auction Description:

50.217 ACRES / FANNIN COUNTY, TX
Live and Online at Ranchandfarmauctions.com
Auction Date: 10.22.2024 Auction Time: 10:00 AM CT
Auction Held At: On-Site, 822 CR 3012, Bonham, TX 75418

Entire Farm Description:

Welcome to a rare gem just outside Bonham, TX, only an hour and a half from the DFW metroplex. This 50-acre property offers an unparalleled opportunity to own a slice of paradise on a private lake with breathtaking views.

Key Features:

Lakefront Living: With 2,000 +/- feet of shoreline, this property is perfect for water enthusiasts. Bring your kayaks and fishing rods to enjoy endless water activities.

Charming A-Frame Cabin: Spend your weekends relaxing in the cozy A-frame cabin or take advantage of rental income potential.

Expansive Home: A 2,500 +/- sq ft home awaits your vision and personal touch. Or you can build your dream home with stunning lake views.

Development Potential: The property offers opportunities for development.

Pasture and Fencing: 5 +/- acre pasture currently used for hay production, complete with 5-strand fencing and gates. Ideal for cattle or horses.

Utilities: The property is equipped with electricity, septic, solar and a UV filter water system. Public water is available in the area or you can drill your own private well.

Accessibility: Convenient county road access from the north and south.

Proximity to Major Roads: Only 5 +/- miles from HWY 121, 1 +/- mile from HWY 56 and 12 +/- miles from US 82, ensuring easy access to Sherman, Honey Grove, and Denison.

Nearby Attractions: Just 11 +/- miles from Bois D’Arc Lake and 6 +/- miles from Bonham State Park, providing additional outdoor recreational options.

Homestead Exemption: Enjoy the benefits of a Homestead Exemption in place.

This is not just a property; it’s a lifestyle. Whether you’re looking for a serene weekend getaway, a potential rental income or a place to build your dream home, this 50-acre lakeside haven has it all. Don’t miss out on this unique opportunity to own a private retreat with endless possibilities.

Details:

Taxes: TBD

Lease Status: No tenants

Possession: Immediate possession

Survey needed?: Survey has been complete

Brief Legal: Approximately 50.217 +/- acres from combined parcels described as A0906 W PARK, ACRES 20.0, A0906 W PARK, ACRES 23, A0906 W PARK, ACRES 0.62 and A0906 W PARK, ACRES 1.0 with approximate boundaries as shown below on survey. Fannin Co, TX

Lat/Lon: 33.56574, -96.13827

Zip Code: 75418

Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com
Onsite bidders should bring a government-issued ID
10% down payment immediately after auction – cash, personal, or business checks accepted
If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign
High bidder has 30 days to close unless otherwise noted
Announcements on auction day will take precedence over any prior announcements
This is a no contingency sale and is not subject to financing or additional inspections
Possession at closing, subject to tenant’s rights, if any
If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres
All information provided is derived from sources believed correct but is not guaranteed or warranted – Bidders shall rely entirely on their own information and judgments
50 acre lakefront property
2,000 ft of shoreline
On-site septic, electricity and UV water filtration system
Public water available on County Road
A-fram and lakehouse
5 +/- acre pasture in hay production
Partial 5-strand fencing
Development or homesite potential
County road provides 2 points of access to the property
Conveniently located to routes 121, 56, and 82
Short drive to Bonham State Park, Bois D’Arc Lake and Lake Ralph Hall
5% Buyers Premium

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