76815 Mallory Lane, Enterprise, OR 97828 - Wallowa County

Size: 1017 Acres

Zoning: EFU (Exclusive Farm Use)

Elevation: 3,600 to 3750 feet

The 1,017 acre Madison Place Ranch property is being offered in its entirety, or in two parcels of 320 acres and 697 acres. It is located in the southwestern part of Grouse Flats and west of Auction Property #112, Bosley Place Ranch, at the southeast corner along Reynolds Lane. Washington State line is along its northern boundary. Prior to being purchased by Seller, the property was used as a horse operation. A view home site was developed by the former owner, on a ridge, providing views west to the Wenaha Wilderness.

One bedroom, one bathroom, log-cabin-style home with loft, and large barn with outbuildings, are located at the end of Mallory Lane. Approximately 80% of the property is fields, and the balance has stands of timber which have been thinned to increase productivity.

There is frontage along both Reynolds Lane along the eastern boundary, and Mallory Lane in the northeast corner. The property could be used as a ranch, or developed with equestrian facilities. The entire Madison Place Ranch is fenced and cross-fenced. It was used by Seller for cattle operations.

The price for the ranch, in its entirety, is $2,885,000. It is also available in two parcels.

Parcel A 320 acre Reynolds Lane Tract (Tax Lot 1200)

Reserve Price: $985,000

This 320 acre tract is located at the east end of the Madison Place Ranch with frontage along both Reynolds and Mallory Lanes. An estimated 50% of the property is meadows, with the balance containing marketable timber. There are no improvements, but there are a number of view sites that could be developed with a home and barn for a ranch or family retreat, with access from either Mallory Lane on the north or Reynolds Lane on the east.

Parcel B 697 acre Mallory Lane Tract (Tax Lots 200, 300, 500, 1200)

Reserve Price: $1,990,000

The 697 acre Mallory Lane Tract was used by the prior owner as a horse operation and has a one bedroom, one bathroom cabin, livestock barn, large fenced roping and branding arena and cattle sorting pens. There is a developed view homesite with power and well in the southwest section of the property. There is access from Mallory Lane and the northern boundary is the Washington/Oregon state line.

The bulk of the property is gentle rolling ridgetop with meadows, and has been used by Seller for cattle. The southwest section is above the Wenaha River drainage. BLM is the adjoining owner in the northwest corner.

Power is available to each tract and on-site septic. There are five drilled wells thoughout the property. Both tracts are designated farmland and annual taxes are around $4 per acre.