$3,840,000
SOLD DEC 27, 2024
Last list price

2000 Stubbs Ritchie Rd Monroe, LA 71203

640 Acres
$6,000 Price per Acre
27,878,400 Sq Ft Lot

Recently Sold

48 Days on Market

Highlights

  • 640 Acre Lot
  • Swartz Lower Elementary School Rated A-
  • Views

About This Lot

As of December 2024

$6,000 Per Acre ! ! ! This exceptional row-crop farm had been leased on a 3-year farm lease that just expired, which makes the farm free and clear to sell to a Buyer. The 3-Year farm lease was a Cash Lease (not a share of the crops). The Seller has not (will not) inform the listing Broker (Jay Dopson) of the confidential dollar amount paid annually for the Cash Lease. Likewise, the farmer who operated the farm during the past 3 years has not (will not) inform the listing Broker (Jay Dopson) of the crop production yield during the 3 years. Therefore a Farmer-Buyer and/or Land Investor will need to be well-informed of potential farm income from this Irrigated Farm. A buyer may also anticipate income from an annual Hunting Lease for the property each year from Sept 1 (dove season) thru March 31 (turkey season) each year. Soil types include HEBERT SILT LOAM, HEBERT COMPLEX, PORTLAND SILT LOAM, & PERRY CLAY. See Soil Map in Photos. 593.5 Acres of CROPLAND ! (93% of 640 Acres land is Crop Land !). There are 2 diesel-powered Irrigation Wells. The South Well is in the NW Corner of Field #7. It irrigates Fields 5, 6, 7. The Central Well is located in the NE Corner of Field #5. It irrigates Fields 1 & 2, and may be able to irrigate Fields 3 & 4 with trunkline PolyPipe. See USDA aerial map of Field numbers and acres in each field. Large Tractor Shed and Workshop at northwest corner of farm along Stubbs Ritchie Road. The fema.gov map shows property is in Flood Zone AE with 1% annual chance of flooding. Hunters Paradise ! Joins 38,000-Acre Russell Sage Wildlife Area. Public water, electricity, & telephone at the property. NOTE: Tax Assessor shows #11417 = 597acres, #8242 = 20.669acres, #8243 = 20.654acres. Hence, 597 + 20.669 + 20.654 = 638.323acres VS 640acres shown in Deed = 1.667acre variance.

Last Agent to Sell the Property

Jay Dopson

Jay Dopson Realty License #44801 Listed on: 10/23/2024

Last Buyer's Agent

MLS NON

NON MLS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,661

Lot Details

  • 640 Acre Lot
  • Irrigation

Location

  • Seller Retains Mineral Rights

Schools

  • Swartz O Elementary School
  • East Ouachita Middle School
  • Ouachita O High School

Additional Features

  • Property Views

Community Details

  • None/Metes And Bounds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 11417,8242,8423

Property Details

Property Type

Land

Est. Annual Taxes

$2,661

Lot Details

0

Listing Details

  • Status: SOLD
  • Class: LAND
  • Type: Farm Land/Pasture
  • Disclosures: Leases
  • Estimated Number of Acres: 640
  • Parish: OUACHITA
  • Plat Available: Y
  • Access: Paved
  • Broker Idx: Yes
  • Closing Date: 12/27/2024
  • Directions: From Ray’s PeGe Restaurant, 8209 Desiard, Monroe, LA 71203, take La. Hwy 139 (Lincoln Road AKA Old Bastrop Rd) 3.7 Miles. Turn Right on Swartz School Road and go East 2.6 miles to the 640-Acre farm on left side of road at 90° right turn at Tractor Shed.
  • Elementary School: SWARTZ O
  • Extras: Livestock Permitted, Irrigation
  • High School: OUACHITA O
  • Middle School: EAST OUACHITA
  • Mls Number: 212243
  • Original Price: 3840000
  • Preq Buyers Only: Yes
  • Status Category: Sold
  • Subdivision: NONE/METES AND BOUNDS
  • System ID: 212243
  • Timber Rights: Purchaser to Acquire
  • Vow Address: Yes
  • Vow Avm: Yes
  • Vow Comment: Yes
  • Vow Include: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: 3/4 mile on StubbsRitchie

Utilities

  • Water: Available
  • Water Type: Public

Lot Info

  • Acreage: 640
  • Lot Description: Farm/Ranch, View
  • Lot Size: 640 Acres +- with 3/4 mile blacktop road frontage
  • Mineral Rights: Seller to Retain
  • Parcel Number: 11417,8242,8423
  • Present Use: Row Crop Farming Soybeans
  • Timber: Hardwood

Tax Info

  • Taxes: 2,661
  • Tax Year: 2024

Range of Values:

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Value Increase
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Adjusted for Inflation
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2024 12/27/24 Sold -- -- --
10/27/2024 10/27/24 For Sale $3,840,000 0.0% --
10/25/2024 10/25/24 Off Market -- -- --
10/23/2024 10/23/24 For Sale $3,840,000 -- --
Source: Northeast REALTORS® of Louisiana

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast REALTORS® of Louisiana

MLS Number: 212243

Northeast REALTORS® of Louisiana