Flying M Road., Yamhill, OR 97148 - Yamhill County

PUBLISHED RESERVE: $118,500

LAST ASKING PRICE: First Time Offered

SIZE: 40± Acres

ELEVATION: 500± to 580± Feet

ZONING: AF-80 - Agricultural/Forestry District

PROPERTY INSPECTION: At Any Time

FINANCING: Subject to Seller's approval of Purchaser's credit: A 25% down payment with the balance secured by a first deed of trust, amortized over 25 years at 6.5% interest, calling for monthly payments of principal and interest; all due and payable at the end of 3 years.

DESCRIPTION: This 40± acre timber and recreation tract is located nine miles west of Yamhill, in the foothills of the Oregon Coastal Range along Flying M Ranch Road, and is within a 50-minute drive of the Portland metropolitan area. Both Yamhill and Carlton, in the heart of Yamhill County wine country, are a short drive away.

The property has an estimated 26 acres of primarily 15 to 20 year old Douglas fir reproduction which will be ready to harvest in the next 20± years. 10± acres along Flying M Ranch Road are not well-stocked. There is some older residual grand fir and big leaf maple on the tract, which has gentle to rolling north-facing slopes. The Douglas fir site index is 110-120.

Auction Property #103, an 80± acre timber tract with North Yamhill River frontage and homesite, is across from this Flying M Ranch Road property and is also being offered in the November 17 Sealed Bid Auction. Acquisition of both Auction properties would provide a 120± acre tree farm with homesite, river frontage, and excellent access to Yamhill County vineyards, as well as to Portland.