201 Acres in Houlka, MS - $271,350
201 acre farm (known as the Harry W. Rye Estate) located on Chuquatonchee Creek near Davis Lake & some 20 miles SW of Tupelo, 12 miles south of Pontotoc, 12 miles north of Houston & 3 miles NE of Houlka.
This farm was formerly utilized as a combination, cattle/row crop operation but has not been owner-operated for the past several years and, as a result, is showing signs of neglect. Currently the farm is leased to a local cattle farmer with the understanding that this lease can be terminated, at Purchaser's option, upon sale of the land.
About 126 acres are open & the balance of 75 acres is in timber that was select cut about 3 years ago. An estimated 158 acres is fenced & crossfenced. Soils on the uplands range from loam to fine sandy loam & the bottom is a fine sandy loam. All soils are productive and well suited for a wide range of agricultural practices. An adjoining 40 acres owne...
About 126 acres are open & the balance of 75 acres is in timber that was select cut about 3 years ago. An estimated 158 acres is fenced & crossfenced. Soils on the uplands range from loam to fine sandy loam & the bottom is a fine sandy loam. All soils are productive and well suited for a wide range of agricultural practices. An adjoining 40 acres owned by one of the heirs may be available for lease.
Part of the land is subject to a flowage easement for Dam Project 2020 (Chuquatonchee Creek Watershed) with 1.20 acres considered in the original design to be in the permanent pool. An additional 104.50 acres is subject to temporary overflow at flood stage level. However, design features of the lake provide for rapid drawdown of waters above permanent pool level & minimal interference with farming operations.
The farm is located about 1.25 miles from Tombigbee National Forest and this vast acreage further supports the diverse wildlife found on this farm. You will find a healthy population of deer, turkey & small game. At permanent pool levels, the watershed lake fills much of Chuquatonchee Creek year-round and is well stocked with bass, catfish, crappie & bream. Also, ducks are right at home here in the back waters of the lake, the creek and old creek runs.
As mentioned, the farm is showing signs of neglect and looks a little ragged at this point. However, with vision & good management, one could readily change the appearance and productivity and turn it into going operation once again. And, along the way, enjoy the added benefit of hunting & fishing a place of your own.
All on-site inspections must be approved and arranged by Broker. Owners to convey 1/2 of the available mineral rights.
