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Lexington, OR — photograph 1

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Lexington, OR — photograph 1
428 Acres

Lexington

$775,000

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ActiveMLS®: 195912912Listing held by another brokerage, marked RMLS
Lot size
428 acres
Property type
Land
Days on market
449

Overview

The Tin Willows Farm is located in central Morrow County, along the well known Willow Creek canyon. The farm is 428 +/- acres and consists of irrigated bottoms, nearly a half mile of Willow Creek frontage, around 200 acres of CRP, manufactured home, a finished living quarters bungalow, and supporting outbuildings. Most recently the farm has been utilized as a base of operation for a small sheep dairy, but the land offers a wide variety of options for optimal utilization. Some of these potential uses beyond the current sheep farm could include a base for a cattle operation, general hay production, an excellent opportunity for an upland game ranch or a mix and match of those options. Only 14 miles to Heppner and 5 miles to Ione, this is a rare opportunity to invest in land in a highly sought after location. Main Home- The main home on the farm is a 1987 manufactured home (currently being rented). With approximately 1100 sq/ft, it is a 2 bed/2 bath option with a detached garage. Just outside the home is a 20x40 hobby shop with a poured concrete floor.Guest Bungalow- this uniquely designed finished living area was professionally engineered and consists of 2 main rooms. With approximately 500 sq/ft of space, the quaint farm-style lodge is decorated with sophisticated character and is a masterpiece of simple living. The bungalow would offer an excellent short-term rental option with “on the farm” appeal.Livestock/Utility Metal building – a 30x60 metal building, partitioned into two separate areas with 6 overhead door options. The building has a concrete floor, and its usability options are endless. The building is also equipped with 26 panels for solar capabilities, drastically improving monthly power costs.Water Rights/Well – the farm has 38.8+/- acres of certified rights deriving from both surface and deep well option. The well was improved within the last year and now has the capacity to produce 300 gpm and uses K-line sprinkler system.

Details

Interior

Cooling
No
Heating
No

Exterior and lot

Lot size
428 acres
Lot features
Hilly, Irrigated / Irrigation Equipment, Pasture, Trees
View
No

Schools

High school
Heppner
Middle school
Heppner
Elementary school
Heppner

Location

City
Lexington
County
Morrow
Zoning
efu

Taxes and dues

Annual taxes
$4,258 (2024)

Monthly payment estimate

$4,480 /mo

20% · $155,000
7.00%
Principal and interest
$4,125
Property tax (2024)
$355
Total
$4,480

Estimate only, and not an offer of credit. Assumes 20% down ($155,000) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.

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