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NUMBER OF ACRES: +/- 295 Acres
LOCATION: 1651 CR 278, Gustine, Texas
South of Hwy. 36 about ½ between Comanche and Hamilton Or
2 miles Northwest of Lampkin, Comanche County, Texas
DRIVING DIRECTIONS: Travel East from Gustine on Hwy. 36 passing the intersection with
FM 1702 at about 4 miles, continue East on Hwy. 36
about 1.7 miles more to CR 276. Turn South (right) on CR 276
about .4 mile to T-intersection with CR 278. Turn East (left).
Property on southwest (right) side of CR 278 beginning about 0.2 mi
from intersection and continuing for more than 0.5 mile. Signs on the fence.
PROPERTY TAXES: 2010 taxes w/current exemptions: $1889.88
w/o current exemptions: $3043.77
MINERAL INTERESTS: Seller will reserve ½ the minerals owned; Believed to own 100%
PRICE: $5,000/acre or
$1,475,000
TERMS: Cash or third party financing,
or Will consider Owner Financing qualified buyers with 1/3 down

The Land & Vegetation: Only after a life-time of hard-work and good land management does a place achieve the level of production evidenced on this particular 295 acres. About 75% of the land is level to gently rolling with the right soil conditions necessary to support the native and improved grasses for first-rate livestock grazing and/or hay production. A high hill on the northeast side of the property is rougher native pasture, covered in trees and brush, and offers amazing views of the surrounding countryside from the top. Enormous live oak trees, pecan trees and other varieties of trees are scattered across the open pastureland that merge into thickly wooded areas providing wildlife habit. Along the creeks dense growths of large native pecan trees have formed a canopy of leaves: very beautiful park-like areas commonly known as pecan bottoms. The acorns and pecans produced by these trees not only provide a potential source of income but attract and feed the deer, turkeys, and other wildlife for great hunting opportunities. A seasonal creek courses through the place that usually has captured pools of water year-round. During the spring and in wetter years, the rock ledges in the creek form a picturesque cascade of falling water.

Water: Trinity Aquifer provides excellent underground source of water.

Wells: 5 Irrigation Wells (4 produce +100 GPM; 1 produces 40-50 GPM) 2 house wells (1 at main house; 1 at hunter’s cabin)

Water storage tanks (ponds): 2 When rain run-off does not supply enough water to keep the water level in the ponds at the desired level, water from the wells can be supplemented.

Infrastructure: 7-tower pivot irrigation system in large field; Side-roll systems in 4 other fields; Underground water line system inter-connected to provide various irrigation configurations and back-up systems between wells and fields. Good to excellent perimeter and cross fencing between pastures and easy-swinging gates. Fences and gates situated to move animals between pastures and to 2 sets of well-constructed livestock working pens. Buried lines run to various water troughs. Four Silos for storing seed oats. Four Overhead fuel storage tanks.

Production: The ranch is suitable for all manner of grazing livestock. Seller currently grazes meat goats, cattle and horses. Forage and hay production comes from coastal, a long-time favorite, and 50-60 acres of B-Dahl which is a highly palatable grass preferred by livestock over most other grasses. B-Dahl forage production is outstanding with high yields, small fertility requirement (about 50 lbs. of nitrogen per acre per year to achieve high yields) and has good drought tolerance. Harvesting pecans from the numerous mature trees provide an impressive potential source of income. The seller has developed quite a business from raising and selling seed oats produced from this place.

The House: The brick home, shaded by giant live oak trees, was solidly built by the seller in the mid-60’s in a manner that far exceeds normal construction standards, such as using 2x6’s to build the rafters, doubling the amount of concrete in the foundation and installing all metal duct work in the heating and cooling system. According to the CAD, there is about 2200 sq. ft. of living area in the house plus an attached double garage and covered porch. A sunken wood-burning fireplace with heat blower is the focal point in the pine paneled great room. The kitchen is separated from the living area by a dining bar and has an abundance of cabinet and counter space plus an oversized pantry. A breakfast room and separate formal dining area assure plenty of seating for family gatherings. Four bedrooms, 2 bathrooms and a large laundry/utility room were built with the needs of an active family in mind. A bonus is the 12’x16’ storm cellar constructed of concrete and accessed from inside the house and sealed from invasion by crawling things. The house is equipped with ceiling fans, central heat and air conditioning, electronic garage door opener, and more. The composition roof was replaced about 4 years ago.

The other buildings: There are several out-buildings used in the operation of the ranch including

Wildlife: White tail deer, turkey, dove and various Texas varmints call this place home. Tanks (ponds) provide fishing opportunities.
One tank is stocked with catfish, the other has a variety of native fish but can be stocked with your choice.

Legal: There is a 15’ road easement, not currently used, along the east boundary of the property to allow access to adjoining property.

Electricity Provider: First Choice Power provides service to the irrigation wells Comanche Electric Cooperative serves the house and camp house.

Phone Provider: Comanche Telephone

THIS PROPERTY IS SUBJECT TO PRIOR SALE, CHANGE IN PRICE, OR REMOVAL FROM THE MARKET WITHOUT NOTICE. ALL INFORMATION IS DEEMED TO BE TRUE & CORRECT TO THE BEST OF OUR KNOWLEDGE AND FROM RELIABLE SOURCES. GENE STEWART REAL ESTATE WILL NOT BE HELD LIABLE FOR ANY CHANGES OR DISCREPANCIES.

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