SUBLIMITY FARM & TIMBER

Listed by Jon Fields




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Address: Coon Hollow Road

Closest city (area): Sublimity

State: Oregon

Zip: 97385


Price: $695,000

Lot Size: 212.75 Acres

Annual Property Tax: $575.56 for tax year 2003-04, account R40280, R40281 and R40282.

Status: Sold



Location: Located approximately 11 miles east of Salem off Hwy 22 then north on the Cascade Hwy to Sublimity then east on Church Street, which turns into Coon Hollow Road SE. The property is in T8S/T9S, R1E, section 31/6, tax lot 1000, Marion County, Oregon. It is located on the south side of Coon Hollow Road, a paved county road, but has no site address as there is no home.

Improvements: None.

Remarks: It should be noted and disclosed that there is a FARM LEASE on approximately 83 acres of this property which will survive closing to allow the tenant to harvest the current rotation of growing Christmas trees. It is anticipated that this harvest will be in completed in 2010 and 2011. In addition to the rights of possession in said farm lease regarding the growing of trees the Tenant also has a last right of refusal to purchase the property. Please discuss this with the listing Broker should you have any questions.

Property is in farm deferral and is subject to potential tax liability.

Owners desire to be cashed out.

Large block of land in a the very desirable Sublimity Hills area. This property is surrounded by standing timber, Christmas tree plantations and grass seed fields.

Timber: A 2005 cruise indicated that there was approximately volumes of standing timber.
659 MBF of Douglas Fir
69 MBF of Grand Fir
(Unknown) MBF of Maple and Oak

At the time of the cruise the timber cruiser estimated that fir timber had a net value of approximately $195,000.

Disclaimer: This information is from sources deemed reliable but not guaranteed by the broker. Agri-Business Real Estate Services proudly represents the sellers of this property; buyers are urged to seek independent verification, through professional inspections and personal review, of the condition of the property and the facts contained herein. Property is subject to prior sale, price change, correction or withdrawal.


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Listed by: Jon Fields
Phone: (503) 371-6409
Mobile: (503) 559-8350



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