POLK COUNTY TIMBER LAND AND INVESTMENT
Listed by Terry Silbernagel
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Address: 2885 Stiles Rd
Closest city (area): Dallas
State: Oregon
Zip: 97338
Price: $325,000
Lot Size: 40 acres
Annual Property Tax: $692 for 06-07 tax year
Status: Active
Location: Property is located in Township 8 South, Range 5 West, Section 7, tax lot 1202, in Polk County, Oregon. The physical address is 2885 Stiles Rd, Dallas OR. It is located approximately 3 miles southwest of Dallas, which is the county seat of Polk County, and 10 miles west of the state capital Salem, Oregon.
Land: Property consists of 40 tax roll acres that was partitioned from a larger tract by a previous owner in 2002. The topography is gently rolling with some areas of steeper slopes. The property was logged at some time in the past but currently has approximately 15 acres of uniform Douglas fir trees that are approximately 15 to 20 years old. There are scattered patches of Fir, Oak and Maple trees on the balance of the property. There is a good all weather road that accesses the property, as well as numerous trails and old skid roads.
Zoning: Farm Forest (FF)
Improvements: The only improvement on the property is a developed cell tower site with one tower. The cell tower lease is on a 30 year, five year renewable, contract that is cancellable by the lessee with 90 day notice prior to the next 5 year renewal. The current rent for this site is $780 per month until the next renewal which is April of 2010. In addition to the cell tower site, this property has been approved by the Polk county Planning Department for a “small tract forest template dwelling”. This approval comes with certain conditions. Buyers are urged to discuss this approval with the Polk County Planning Department and to seek the advice of a qualified land use consultant before submitting an offer on this property. The seller makes no representations regarding the suitability for constructing a dwelling on this parcel.
Irrigation: A check of The Oregon Water Resource Departments water rights database did not reveal any irrigation water right certificates or permits. No domestic well has been drilled at this time.
Remarks: DO NOT GO ON TO THE PROPERTY WITHOUT CONSULTING THE LISTING AGENT!
This is a unique opportunity to own a timbered home site close to town. The young timber is a good investment for the future and additional trees could be planted on the balance of the property. The income from the cell tower site adds an investment quality to this property. Constructing a dwelling or placing a manufactured home on this property would also increase the value and could provide a great place to live.
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: Terry Silbernagel
Phone: (503) 371-6409
Mobile: (503) 559-3200
Fax: (503) 304-0033
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