Details for 527 Drift Creek Rd SE Silverton, OR 97381

Description: LOCATION: This property is located in Township 7S, Range 1E, Sections 30, tax lot 600, Marion County, Oregon. The site address of the subject property is 527 Drift Creek Rd SE. Silverton, Oregon. It is approximately 4 miles southeast of the City of Silverton.
LAND: The land consists of 144 tax roll acres. It has approximately 94 tillable acres, 46 acres of timberland and 4 acres where the home, outbuildings and pond are located. The property is rolling foothills with a steep timbered ravine.
IMPROVEMENTS: The improvements consist of an older home, that according to the Marion County Tax Assessors office has 908 square feet containing two bedrooms and a bath, and was constructed in 1901. A large two story barn and a machine shed. The old barn have a certain charm that is not common in modern buildings.
SOILS: The online Marion County Area Soil Survey indicates that the soils on the subject property is a mixture of approximately 62% Class II and III Nekia silty clay loam with slopes from 2% to 12% the balance being Class III and VI Nekia silty clay loam with slopes of 20% to 50%.
WATER RIGHTS: An online review of the Oregon Water Resource Department records for water rights and well logs did not disclose any recorded irrigation rights. However, a Surface Water Registration Statement Pre-1909 Vested Water Rights Claim was located for the spring supplying domestic water.
DOMESTIC WELL: See above statement.
TAXES: $ 1665 for the 2017/18 tax year.
PRICE: $ 995,000. The sellers would prefer a cash out sale however they may consider a short term contract with a large down payment.
AGENT: Terry Silbernagel Principal Broker, 503-559-3200 cell, 503-371-6409 office.
Web Site: www.agribis.com E-mail: terry@agribis.com This is an attractive foothills style dry farm. The old home could be replaced. There is a great replacement site that give a fantastic view of the valley below. The land is currently under lease for 3 additional years. The seller is retaining a timber deed and logging will take place prior to closing.

2 Bedrooms
1 Bathrooms
908 Square Feet
144 Acres

MLS ID: Silverton Hills Century Farm
County: Marion
Neighborhood:
Year Built: 1901