Thornton Ranch Sales

Thornton Ranch Sales
Leonard F. (LEN) Thornton
Broker, REALTOR®
1501 Isaac Creek Circle
New Braunfels, TX 78132
Phone: (210) 656-1955
Fax: (800) 371-8486
http://www.thorntonranchsales.com
Email - len@thorntonranchsales.com

HILL COUNTRY HUNTING-RANCHING-RECREATION RANCH

(Old German Ranch in Fredericksburg-Johnson City Area)
408 ACRES
BLANCO COUNTY, TEXAS

LOCATION: Located 3 miles northwest of Johnson City which is the County Seat; or 27 miles east of Fredericksburg; or 45 miles west of Austin; or 45 miles northwest of Kerrville; or 60 miles north of San Antonio; or 185 northwest of Houston; or 195 miles southwest of Dallas. All distances are measured straight-line "as the crow flies".
BACKGROUND: This ranch is a portion of one of several ranches owned by the Althaus family who were pioneer settlers in this choice Hill Country area. This ranch has been handed down from generation to generation by the Althaus heirs. Present ownership is vested in a widow and her two adult children. The ranch has been always been family operated and used primarily for raising livestock, hunting and recreation.
METHOD OF SALE: The Owners have given Thornton Ranch Sales exclusive authorization to market this ranch. The Owners will convey the property by General Warranty Deed, provide a survey dated December 4, 1993, and pay for a standard Owner's Policy of Title Insurance. The Sellers will accept all cash or provide attractive financing to a qualified buyer as hereinafter described.
DESCRIPTION: All the adjectives typically used to describe a classic German owned and operated ranch located in this choice Hill Country area will fit this one: i.e. pristine, beautiful, clean, neat, well maintained, peaceful, attractive and pleasing to the eye. This fine ranch possesses a multitude of highly desirable features that are frequently found on many prospective buyer's "wish list". Specifically, it is located in a prime Hill Country area within a 60 mile radius of both Austin and San Antonio and within five minutes of the nearest town. The ranch includes both sides of a pretty crystal clear spring fed stream that flows through it for a linear distance of about 2,000 feet. It has two excellent potable drinking water wells equipped with electric submersible pumps. There is a small weekend cabin surrounded by huge live oak trees and located on a high elevation hill with views that will take your breath away. There are small sheds with a set of livestock pens. The tree cover is comprised of gigantic live oaks, elm, persimmon and a unique stand of native heart cedar which was used as a source for fence posts and building timber in past years. There are several small areas with deeper soils that are compatible for small fields or a garden. The ranch is fenced and cross-fenced with low non-deer proof fences and surrounded by similar size ranches. The pastures and range grasses are in good condition and show strong evidence of having been properly managed at all times. There are no small tract subdivisions in the immediate area, thus peace, tranquility and privacy are assured. There is at least one unexplored cave on the property. The terrain varies from rolling to moderately steep with elevations that vary from 1,190 to 1,311 feet above sea level. The topography and tree cover is such that this fine old ranch would be an excellent candidate for subdivision into smaller tracts. This is the kind of ranch that you really must see to appreciate. Additionally, the price, terms and conditions of sale are most attractive for either an installment or an all cash purchase.
WILDLIFE, HUNTING, RECREATION: The prolific and healthy whitetail deer herd on this ranch is the result of excellent habitat and ongoing conscientious wildlife management by the Owner and the neighbors down through the years. Other wildlife includes turkey, dove, quail, rabbits, squirrels, fox, armadillos, raccoons and birds of every description. The terrain is well suited for horses and horseback riding as much of the area is relatively free of rocks in spite of its Hill Country location. Varied activities such as hiking, exploring, camping, bird-watching, nature walks, or simply relaxing in the air conditioned cabin are available. If gardening is your thing, there is a nicely fenced garden that is waiting for your attention. Or if searching for Indian artifacts or spelunking in the unexplored cave is your desire, that is available also.
MINERALS: It is believed that the mineral estate is intact. 100% of all the minerals and executive leasing rights owned by the Seller will be conveyed to the buyer subject to no Oil, Gas and Mineral Lease.
IMPROVEMENTS: Small modern weekend cabin with one bathroom. Cattle pens and small sheds. Two water wells equipped with electric submersible pumps. Fences and cross-fences. Internal ranch road system. Electricity and telephone.
TAXES: Based on current agricultural use, total ad valorem taxes for 1997, are projected to be $394.67 or only 97 cents per acre per year.
POSSESSION: Possession shall be given on the date of closing and funding subject to the following:
· If sold after October 15, 1997, the property may be conveyed subject to a hunting lease for the upcoming deer season which ends on or about January 4, 1998.
· A grazing lease which will be terminated by Seller prior to closing. The grass lessee shall have 60 days after notification of termination of the grazing lease to vacate the lease and remove all livestock from the property.
PRICE: $755,207.00* ($1,850.00 per acre).
*Price shall be adjusted based on the actual number of surveyed acres that will be conveyed by a General Warranty Deed multiplied by the price per acre agreed upon by Seller and Buyer. The price shall not include any furnishings, livestock, vehicles, or machinery.
TERMS: Three options as follows:
· All cash at closing.
· 25% or more cash down and Seller will finance the balance on a first lien amortized note for a term of twelve (12) years at a fixed interest rate of 7.5% with semi-annual payments. Said note to contain no prepayment penalty and be a non-recourse (no personal liability) note secured solely by the property. Said financing to be subject to Seller's approval of Buyer's credit.
· Any other terms which are acceptable to Seller.
BROKER COMMENTS AND MISCELLANEOUS INFORMATION: Within minutes after I first laid eyes on this ranch I knew it was a winner. It is the kind of property that makes an instant favorable impression because of its appearance, location, live water, scenic beauty, tree cover and wildlife. It has an abundance of fantastic building sites. There is unlimited potential for wildlife management, ranching, or development. Of the 114 Hill Country and South Texas ranches that I have sold in the past 19 years, this ranch would rate in the top 5% of them all with regard to quality and value in relation to the terms, conditions and price of the offering.

SHOWING COORDINATION: This ranch is available for inspection seven days a week by prior appointment only. CALL: Len Thornton (210) 656-1955 at any time for showing coordination, service and support. Or you may contact me via E-Mail at: len@thorntonranchsales.com

NOTE: This offering is made subject to prior sale, change of price, or withdrawal from the market at any time. The information contained herein is from sources deemed reliable but is not warranted or guaranteed by Thornton Ranch Sales.

For more information on this property see our Invitation to Buyers.