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This is a 1/8th interest (12.5%) in a 240 gross acre tract in Nolan County, TX, located less than 1 mile from Lake Sweetwater. There is one other owner with the remaining 7/8th's interest.
The L-shaped tract has great interior roads and two knobs that rise 200′ above most of the rest of the ranch.
What is an undivided interest?
An undivided interest is a percentage interest, which is less than 100%, where each owner, or tenant, has equal right to enjoy the entire property. Thus, each owner has an unrestricted claim to the entire property, and no tenant has an exclusive claim to any part of the property.
This interest owns 12.5% of the entire 240 gross acres and not 100% of any specific 30 acres. This is an undivided interest.
2035 FM Sweetwater, TX 79556
Being all of the N/2 of the NE/4 and all of the NW/4 of Section 61, Block 21, T&P RR Co Surveys
Document Prep Fee
At closing, Buyer will pay a document preparation fee, which includes postage and recording fees.