Summerfield, LA 71417 - Grant Parish

This property consists of 111.43 acres, more or less, in Section 24 Township 7 North, Range 4 West, Grant Parish, LA. Located at the intersection of U.S. Hwy 71 and LA Highway 471. This multi-use property with an abundance of public road frontage. It could serve as a unique Rural residential tract/investment/recreation. It is just minutes from the town of Colfax and Nantachie & Iatt Lakes. The tract is presently a maturing stand of soft and hardwood timber and offers good hunting oppotunities. Minerals owned by Seller will be reserved and are not included in this offering. The property has access to electricity, telephone and community water. The property fronts the northwest right of way of La Hwy 471 for approximately 1 mile. According to Preliminary Federal Emergency Management Agency map COmmunity Panel # 22043C0280D dated 6/16/16 the majority of the property (approximately 80%) lies in Zone X which is outside the 100-year flood plain or flood plain not determined and the remainder (approximately 20%) lies in Zone AE which is inside the 100 year flood plain. The standing timber consists of a mixed natural forest. There is a servitude in favor of Arbor, LLC traversing approximately 100 feet of the eastern portion of the subject tract. The property is to be conveyed "AS IS" with no warranties. Specific language will be in both the purchase agreement and the Act of Sale. See property information sheet for additional information.