Other County Homes for Sale, Hop Bottom Real Estate Listings, 4163 State Route 2002, MLS #6910675 Luxury Homes, Condos, Estates for Sale

4163 State Route 2002

Hop Bottom, PA 18824

Impressive investment opportunity to own 121 acres in the beautiful Endless Mountains area. This property comes with Gas & Oil Rights which include a percentage of oil and gas rights to be conveyed to new owner in addition to conveying the rights to receive surface-damage payment and right-of-way redress. A three-hour drive from New York City and Philadelphia AND a 45-minute drive to Wilkes-Barre/Scranton International Airport make this very accessible from all areas. Located in prime hunting land in Northeast PA, Susquehanna County. This could be a serene retreat that could offer royalties for years to come. Royalty is being offered at a great rate with no deductions.  

Based on the current development schedule, it appears that wells will be drilled on the south end of the property in Summer 2018 with production starting in late 2018. Assuming this plan doesn’t change, buyer would begin receiving royalties in late 2018, or early 2019. Using historical well production data from neighboring wells, it is expected that buyer could receive royalties for its interest in the range of $500,000 over the first 12 months of production and $1,300,000 over the first 5 years before taxes. By year 10, it is estimated that buyer's interest would generate over $1,700,000 and continue to produce for years thereafter. The property, in essence, has the potential to pay for itself over time. These are estimates only based on offsetting well production history as well as net natural gas prices of over $2.00/Mcf. As always, factors could change resulting in actual net revenue to buyer that is higher or lower.

In addition to the above, buyer will receive a onetime payment from Cabot Oil and Gas in the amount of $83,658.75 upon commencement of drilling operations in 2018. Additional surface-use compensation for pipeline right of way will also be included once the terms are finalized with the local pipeline company. The location of the well pad site and pipeline easement have been selected with the goal of minimizing impact to surface usage by buyer and preserving maximum desirability of the acreage for purposes of recreation and improvements. Once the wells stop producing, the well operator is contractually obligated to remove all equipment and return the site to its original condition.

Status
ACTIVE
Property Class
Lot-Land
Subdivision
None Available
Area
Other Pennsylvania County
City
Hop Bottom
County
Other County
Land SqFt: 5,297,767
Land Use: UnimprovGrnd
Area: Other Pennsylvania County
Lot Area Acreage: 121.620000
Ownership: Fee Simple
Type: Lot-Land
Zoning Code: AG
Water: None/OtherWa
Sewer: NoSewer
Tax Year
2016
Total Taxes
$2,256

Area Highlights

User reviews and recommendations of top nearby restaurants.

Germana's Pizzeria

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Distance: 3.4 Miles

Rating 5 reviews
Hotel Almont

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Rating 4 reviews
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Rating 1 review
Buckwheat's Barbecue

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Lenox Restaurant

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Distance: 5.84 Miles

Rating 4 reviews
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Distance: 5.94 Miles

Rating 2 reviews
Jackies Lunchbox

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Distance: 6.26 Miles

Rating 3 reviews
Binghams

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Distance: 7.06 Miles

Rating 79 reviews
Blue Bird II Diner

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Distance: 7.49 Miles

Rating 3 reviews
Ray's Supermarket

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Distance: 8.29 Miles

Rating 2 reviews

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Listing courtesy of Kurfiss Sotheby's International Realty.

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Data last updated: 03/22/2017.

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