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FOR SUPPLEMENTAL INFORMATION CALL 1-800-845-3524
108
Cole Farm with Timber and Nestucca River Frontage, near Ocean
Tillamook County, Oregon
PUBLISHED RESERVE:
$525,000
LAST ASKING:
$699,000
SIZE:
148± Acres
ELEVATION:
100± to 500± Feet
ZONING:
F1 – Farm and F - Forest
PROPERTY INSPECTION:
Locked Gate – Call
Auction Information Office for Combination
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% interest, calling for monthly payments
of principal and interest; all due and payable at the end of 3 years.
DESCRIPTION:
The 148± acre Cole Farm, with original homestead, is located on Oregon’s north coast and
is a twenty-minute drive south from Tillamook, 8 miles from the ocean, and less than a two-hour drive from
Portland. The Cole Farm property provides opportunity for a new owner to develop a family retreat that has
a combination of river frontage, farmland and timber. It has a spectacular and secluded setting on a ridge with
over 2,000 feet of Nestucca River frontage, and was originally operated as a dairy farm. There are 60± acres of
pasture with water rights for irrigation, six meadows and some cross-fencing. Currently, a portion of the pasture
is planted in corn, with the balance leased for production of hay. 77± acres of the Farm is timberland, with 42±
acres south of Foland Creek in the southwest section and 35± acres in the southeast corner.
The timberland is mostly north- and west-facing slopes, and has an estimated 45 acres of 15- to 25-year-old alder
that will be ready for harvest in 10 to 15 years. The balance of the timberland has residual Douglas-fir, alder,
cedar and maple. A logging bridge over Foland Creek in to the southwest corner provides access to 42 acres of
the timberland. Oregon Department of Forestry and Hancock Timber Resource Group are the adjoining owners
along the southern boundary.
The property has a number of excellent sites for building a home which would provide for exceptional sunrise
and sunset views. The Cole Farm can easily accommodate a barn for horses and additional livestock. It could be
Blaine Road
Original
Homestead
Foland Creek
Nestucca River
N
