LOCATION: In the NE part of the town of Lometa about 1 block north of FM 581 on Liveoak and A Streets.
PROPERTY TAXES: 2010 taxes: $271.30 with Ag valuation on the land.
(Tax breakdown: House & 1 acre: $249.82; 14.4 acres: $21.48)
MINERAL INTERESTS: Unknown. All owned by the seller will convey.
TERMS: Cash or Third Party Financing
This is an old homestead that has certainly seen better days, but is waiting for a new energetic person to release its real potential once again. Located in the small com-munity of Lometa, just about 15 minutes from Lampasas, this property has a lot of possibilities. The north half of the land is comprised of a steep hillside and covered with beautiful Live Oak trees and Junipers. The south half is lush native grass pasture with scattered trees. The north boundary has a common fence with a large ranch, so it is not unusual to see any number and type of wildlife. The lower part of the property has deep soils and lush grasses and would be the perfect place raise a garden and to keep some livestock or horses.
The north fence is in good condition, but the rest of the fencing needs to be re-placed or repaired. There is an old house and barn on the property and both are in need of a lot of clean-up. The house is in poor condition and would need a considerable amount of repair to be made habitable. The barn is probably beyond repair, but has some old weathered lumber that could be reused. These buildings are nestled in a large grove of massive Live Oak trees. There is a water well near the house that has not been used for a few years, so needs to be serviced and/or repaired. City water, sewer and electricity are also available.
This is an ideal property for an outdoor person who wants to become more self-sufficient by growing a garden and raising livestock and chickens. With some sweat-equity and determination this place can be converted into a beautiful home site to be proud of.
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. PROPERTY TAXES ARE SUBJECT TO CHANGE ANNUALLY. GENE STEWART REAL ESTATE WILL NOT BE HELD LIABLE FOR ANY CHANGES OR DISCREPANCIES.