FM 934 FM-934, ITASCA, TX 76055

Homes for sale in Itasca.

Homes for sale in 76055.


Active

List Price$9,991,000

FM 934 Fm-934

Itasca, TX 76055

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Listing #20945187

515

Acres

Lots / Land

Type

About This Property

Available for sale for the first time since the 1940s, the Baker Family Ranch is loaded with opportunity and history. This 500+ acre working cattle ranch is home to a 30+ acre lake, the headwaters of Richland Creek, and served as the home of Fort Smith in 1847. Located in northeastern Hill County with nearly 2 miles of paved road frontage on FM 934, the Baker Family Ranch has been nurtured and stewarded by the same family for more than 70 years. Strategically situated just north of and between the I-35W and I-35E split, this ranch is an hour drive from Fort Worth or Dallas. From your home, the airport, or the office this property is easily accessible for weekends at the ranch. With a combination of gently rolling native pastures and hay meadows at lower elevations, the ranch conservatively supports an active cow-calf operation. Towering hardwoods create privacy and seclusion for you to relax and enjoy nature. The ranch is also next to the 4K Richland Creek Ranch - a historic ranch whose owners operate ranch land across six counties with total capacity across all properties exceeding 3,500 animal units. From an investment perspective the ranch is located in an opportunity zone and has an active agricultural valuation ("ag exemption"). Water is supplied by a Files Valley Water Meter, and electric service lines are located on the southeast side of the property. The Baker Family Ranch offers more than just an investment opportunity within an hour drive of the 3rd fastest growing metroplex in the country - it is an opportunity to have more than 500 acres and a large lake within an hour of America's fourth largest metropolitan area.

Property Features

Location Information

County

Hill

Subdivision

None

Interior Features

Has Fireplace

No

Exterior Features

Utilities

Electricity Available

Possible Best Use

Cattle, Hunting, Investment

Fencing

Barbed Wire

Zoning

Unzoned, outside city limits

Lot Description

Acreage

Waterfront Description

Lake Front

Lot Size in Acres

515

Has Waterfront

Yes

Lot Size in Sq. Ft.

22,433,400

Is One Story

No

Current Use

Cattle

Lot Description

Acreage, Lake Front

School

Elementary School District

Itasca ISD

Jr. High School

Itasca

Elementary School

Itasca

High School

Itasca

Additional Information

Property Type

LL

Tax Annual Amount

340.0

Property SubType

Ranch

Exclusions

Personal property of seller or tenant

Status

Active

Documents Available

Aerial

Has a Home Owners Association

No

Similar Listings

Mortgage Calculator

$46,658

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$36,002

Monthly Tax

$8,325

Monthly Insurance

$2,331

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

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