34654 Lake Creek Dr, Brownsville, OR 97327 - Linn County

Property 127

Koos Brownsville Farm

Address

34654 Lake Creek Dr , Brownsville, Linn County, Oregon, 97327

Published Reserve

$1,575,000

Size

373 Acres

Zoning

Exclusive Farm Use (EFU)

Property Inspection

At Any Time

Financing

None All Cash

Description

Properties 126, 127 & 128 have been designated nonstrategic as part of Olsen Agricultural Enterprises LLC bankruptcy restructuring of farm and vineyard operations (Case #1162723) based in Monmouth, Oregon. The two farms are located near Brownsville and Tangent, Oregon and have excellent access to I5. They total 529 acres, with 427 acres, or 81% of the farmland, having water rights, providing a new owner with irrigation capacity to produce crops other than grass seed including blueberries and row crops (corn, beans and vegetables).

Property 127

This 373 acre farm is located along the southwest boundary of the city of Brownsville, with frontage along Lake Creek Drive. Southern Pacific Railroad tracks are along the northwest section of the Farm. There are 271 acres with water rights for irrigation (Certificate #55948), with two onsite wells. The southern well has not been recently used, and will require a motor and power installation. The second well has been actively used, and has a pump and 60 hp electric motor. The wells are at depths of 200 feet, and tested at 600 GPM. Portable mainline and wheel lines are required. Historically, the Farm has been used for grass seed crop production. 1,600 to 1,700 pounds per acre of perennial ryegrass and 2,200 pounds per acre of annual ryegrass has been the fouryear average yield. Other crops which could be grown on the Koos Brownsville Farm are blueberries, filberts/hazelnuts and row crops.

The topography is level and the cropland has not been tilled. The Linn County soil survey shows the Farm is composed of:

2% Class I Malabon silty clay loam

48% Class II Amity silty loam, Coburg silty clay loam and Salem gravelly silty loam.

9% Class III Clackamas gravelly silty loam, Conser silty clay loam and Holcomb silty loam

41% Class IV Awbrig silty clay loam and Courtney gravelly silty clay loam.

There is an old home in disrepair at 34654 Lake Creek Drive that could be replaced with a new dwelling, providing opportunity to develop a main residence with barn and other out buildings. The current taxes are $3,798.

LOCATION: Township 14 South, Range 3 West, Section 1, Tax Lots 1100, 2200 and 2600. From Brownsville, take Washburn Drive south to Lake Creek Drive and proceed west to Auction Property #127 at 34654 Lake Creek Drive.

SEALED BIDS DUE NO LATER THAN 5:00 P.M., NOVEMBER 16, 2011