TBD Fm 2990, Ladonia, TX 75449 – 20365740 - Sabrina Burda

$2,000,000

Est. payment -/mo

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

TBD Fm 2990 Ladonia, TX 75449

55.23 Acres Lot

SOLD DATE : 12/01/2023

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Sold

Purchase Type For Sale

Subdivision D Davis

MLS Listing ID 20365740

Sold Date 12/01/23

HOA Y/N None

Annual Tax Amount $59

Lot Size 55.233 Acres

Acres 55.233

Property Description

Waterfront property on Lake Ralph Hall, the next public lake under construction in Fannin County. Water is expected 2025. Property is 55 + OR - acres with a current Wildlife exemption. Mostly zoned for Single family homes. Approximately 19 acres of this land is subject to purchase or exchange with Upper Trinity Regional Water District. Current owner desires prospective buyer to handle all discussions and bargaining with the water district on the property subject to purchase or exchange with Upper Trinity. A reasonable option period and fee will be available to the prospective buyer to accomplish this. Please contact listing broker for survey and more details. This is a property for experienced developers or investors. Buyer and their agent are responsible for all due diligence. Appropriate contacts, a survey and proposed take by the water district and previously communicated ingress egress information is available upon request. Owner may finance with a reasonable down payment.

Location

State TX

County Fannin

Zoning Zoning is mostly in Rural Real estate single family district. Buyer and agent to verify all zoning.

Direction From Honey Grove, TX travel South on US 34 to FM 1550. Travel West to FM 2990. Drive South to CR 3365. Property fronts FM 2990 from that raod to the gate entrance on the South end. Signs on property.

Exterior

Fence Barbed Wire, Gate

Utilities Available Co-op Electric, Co-op Water, Electricity Available

Waterfront Description Lake Front,Lake Front – Main Body

Garage No

Building

Lot Description Acreage, Irregular Lot, Oak, Pine, Water/Lake View, Waterfront

Schools

Elementary Schools Fannindell

Middle Schools Fannindell

High Schools Fannindell

School District Fannindel Isd

Others

Restrictions Development,Other

Ownership Of Record

Acceptable Financing 1031 Exchange, Cash, Owner Will Carry

Listing Terms 1031 Exchange, Cash, Owner Will Carry

Financing Conventional

Special Listing Condition Aerial Photo, Special Contracts/Provisions, Survey Available, Verify Flood Insurance, Verify Rollback Tax, Verify Tax Exemptions, Other

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit