30900 SPRING ST, Lebanon, OR 97355

$950,000
4
BD
1
BA
2,112
SqFt

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List Price
$950,000
Days on Market
3
Status
ACTIVE
MLS#
110848152
Bedrooms
4
Bathrooms
1
Living Area
2,112
Lot Size
100 to 199.99 Acres
Region
Linn County

Property Description

100+ acres of Willamette Valley farmland with attractive owner financing available. The property consists of tillable acreage that is currently leased and planted to grass seed, providing immediate agricultural income potential. The property is dry farmed and soils include Bashaw Silty Clay and Pengra Silt Loam (USDA Web Soil Survey). The property is improved with a residence, shop, and barn; however, the seller wishes to retain a life estate in the home and approximately three acres surrounding the residence, including the shop and barn. This unique arrangement allows a buyer to acquire an income producing agricultural asset while guaranteeing a tenant for the residence. Owner financing is available with 30% to 50% down and the balance amortized over 15 years, creating an excellent opportunity for investors, farmers, or those looking to expand an existing operation with favorable financing terms. Whether you're seeking a long-term investment or productive addition to your farming portfolio, this Willamette Valley property offers exceptional value and income potential.

Additional Information

Tax Amount
$1,744
Year Built
1910
High School
Lebanon
Elementary School
Greenacres
Middle School
Seven Oak
Fireplaces Total
1
Acres
122.20
Living Area
2,112
Stories
2
Property Type
Single Family Residence
Terms
Call Listing Agent, Cash, Farm Credit Service
Master Bedroom Level
Main
Fireplace Description
Wood Burning
Fuel Description
Electricity
Heating Description
Other
Hot Water Description
Electricity
Exterior Description
Wood Siding
Roof Type
Metal
Sewer Description
Cesspool
Style
2 Story
View
Territorial
Parking
Driveway
Parking Description
Driveway
Road Surface
Paved

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway HomeServices NW Real Estate.

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