Title: 320-acres Rochelle Ranch $218/acre
Description: Stocks go up, go down and go bust wiping out stockholders (remember General Motors, one of the most favorite stocks of all time). But 320-acres in the “Old West” last forever and history has shown that it’s literally impossible to lose money owning large tracts of rural acreage if purchased cheaply enough and held long enough!
Price/Terms: $69,760 ($218/ac) with $1,060 down payment leaving a balance $68,700 payable at $618/mo (amortized over 240-months including 9% interest with no prepayment penalties).
State/County: Wyoming/Carbon County
Legal: N1/2 SEC 21 T24N R88W, Carbon County, WY (RR 123-124)
Access/Roads: This property is located in the checkerboard area with ownership alternating between private and the federal government and access is per long standing Bureau of Land Management policies (meaning private owners can cross BLM land to get to private land but the public can’t cross private land to get to BLM property). Actual roads, however, may or may not exist at this time.
Mineral Rights: As in most oil producing states the mineral rights have been owned by exploration companies for many years but the landowner would receive some form of remuneration if a well was ever drilled.
Survey: Only the full section that contains this 320-acre tract has been surveyed. Property Taxes: Approximately $90 annually
Improvements: This is raw, undeveloped land and no improvements or homeowner services of any nature are being represented.
Property Usage/Zoning: Zoning is “agricultural” and if additional uses are anticipated contact the Carbon County Planning & Zoning Department at (307) 328-2651.
Directions: From Rawlins, Wyoming drive north on Hwy 287 approximately 15-miles to Mineral Exploration Road (located on the left) and County Road 497 (located on the right); from this point refer to the parcel map with an arrow pointing to the exact location of the parcel (remember that each square represents 1 square mile).