Madison, FL 32340,Vacant NE Rocky Springs Church Road #-00

$140,000

Est. payment /mo

$166,000

15.7%
Est.Price: ?

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Vacant NE Rocky Springs Church Road #-00 Madison, FL 32340

46.33 Acres Lot

SOLD DATE : 03/13/2018

Key Details

Sold Price $140,000

Property Type Vacant Land

Sub Type Lots and Land

Listing Status Sold

Purchase Type For Sale

Subdivision -N/A

MLS Listing ID 287014

Sold Date 03/13/18

Lot Size 46.330 Acres

Lot Dimensions Lengthy - See Survey

Property Sub-Type Lots and Land

Property Description

46.33 acres MOL located on a paved road in the timber growing region of the Big Bend. This tract, in thinned planted slash pines, is currently used as a productive timber property. Due to the uniqueness of this property, in addition to being a great investment property, it would make an excellent future home site as the SE corner (approximately 4.5 acres), where the property entrance is located, is sparsely wooded and dotted with large century oaks. Surrounding properties in this desirable NE section of Madison county are a mix of both agricultural use tracts and residential land. This tract is located approximately 5 miles from downtown Madison, FL making it a desirable potential homestead location as well. Alternative to use as a home site, this tract could be left as a timber tract. Agriculture is Florida's second major industry after tourism, and forestry is one of agriculture's top revenue generators. In terms of timber production, trees are a cash crop with a long-term yield, as it typically takes about 15 years before they can be harvested. This timber stand has merchantable value now. Half of tract could be clear cut and balance left to develop into pole timber. Many options available depending on investment objectives.

Location

State FL

County Madison

Area Madison

Exterior

Utilities Available None At Present

View Greenbelt

Road Frontage Paved

Building

Sewer None At Present, Septic Tank Required

Water None At Present

Schools

Elementary Schools Other

Middle Schools Madison County

High Schools Madison County High School

Others

Ownership Wynn

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by All Realty Services
Bought with All Realty Services
Barbra Boutin

Barbra Boutin

+1(850) 597-0080

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