No. Acres: 745
Price Per Acre: $2,280
: Crosby Tract
Short Description: The subject tract offers many options for a recreational enthusiast as well as a timberland investor.
Location: Located in northwest Mississippi just a few miles southeast of Charleston, this tract is ideally located for investors as well as the avid outdoorsman. Approximately 2 hours from either Jackson, Mississippi or Memphis, TN, with easy access to Interstate 55, this property is easy to find.
Access: Approximately 2 hours from either Jackson, Mississippi or Memphis, TN, with easy access to Interstate 55, this property is easy to find. The subject tract has ample public road access, with a network of well maintained internal roads.
Timber: The tract consist of approximately 450 acres of pine plantation, most of which has received two thinnings. Currently, 377.9 acres are under a CRP contract which ends October 1, 2011 with one more payment due in late September of near $18,990.00. This existing contract would prohibit a clear-cut of the timber prior to contracts end, but thinning would be allowed.
Also, the said 377.9 acres has recently been approved for a new CRP contract which will pay $24,046 per year for 10 years through September 30, 2021. The current owners have entered into the CRP contract, but would be willing to pay liquidated damages of $6011.44 to cancel the CRP contract within the first year if the new owner does not want to assume the new agreement.
This new CRP contract will allow thinning of the trees without forfeiting a years payment, but will not allow clear-cutting.
The remaining timbered acreage is approximately 252 acres of upland, mixed pine/hardwood timber. It is a mixture of trees species, including mast producing oaks and hickories, that are pulpwood and sawtimber size material.
The balance of the acreage is made up of a 10 acre open field, which is being used for wildlife planting, some Kudzu areas, roads, and other miscellaneous openings.
Full Description: Overall, this 745 acres is well suited both for the timberland investor and for the outdoors enthusiast. This property has good public road access, and a well maintained network of internal roads, which provide good access to the property any time of year.
This property is one contiguous block which has a year-round stream which flows for a span of over a mile through the tract. A hunting lease exist on the tract ,but can be canceled upon the sell of the property. Hunting is excellent and wildlife habitat has been carefully maintained by an annual lease with a local hunting club and timber thinning. Income from the hunting lease is approximately equal to one years taxes.