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OR FAX FORM ON PAGE 103 TO 503-242-1814
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PUBLISHED RESERVE:
$450,000
LAST ASKING:
$525,000
SIZE:
148± Acres
ELEVATION:
100± to 500± Feet
ZONING:
F1 – Farm and F - Forest
PROPERTY INSPECTION:
Locked Gate – Please
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 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 private 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 dating back to 1910, 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 Cole Farm are timberland, with
42± acres south of Foland Creek in the southern 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.
Cole Farm with Timber and Nestucca River Frontage
Tillamook County, Oregon
Blaine Road
Original
Homestead
Foland Creek
Nestucca River
N
