Clark Farm II • 142.6 acres for sale • Cumberland County, ME

Posted on November 30, 2017Last updated 2 weeks ago

The Land

Property Owner:

Land trust or other conservation organization

Property Location:

00 Swett Road, Windham, ME 04062

Total number of acres available with this property:

101-150

Acres of cropland or tillable land:

21-50

Acres of pasture:

6-20

Acres of forested land:

51-100

Soils map:

Is the property enrolled in a current use or other state program that affects property taxes?:

No

Is the property protected with any type of Conservation Easement?:

Yes

Is there a forest management plan for forestland on the available property?:

Yes

Is the property certified organic, or does it qualify for organic certification under federal organic regulations?:

No

If the property is contracted to be sold through a real estate agent, please provide name of agent and/or agency and the MLS #:

Nina Young, Maine Farms Realty • 207-930-5184 • MLS 1333573
Farm Information

Water sources present

None available

Barns, sheds or other structures

None available

Farmer housing

None available

Equipment and machinery

None available
Tenure Arrangement

Tenure arrangement

Property for sale

Property for sale

$595,000 listing price, appraised value of unrestricted property - $400,000 credit to buyer for appraised value of Agricultural Conservation Easement $195,000 NET PRICE

Sale price

$400,000-$600,000
Additional Information

Description

The 143-acre Clark Farm is located on Swett Road and Webb Road in Windham, approximately 30 minutes northwest of Portland. The open land (about 36 acres) has been managed for a variety of agricultural uses in the past but is probably best suited for pasture and hay production, with some areas that have good potential for growing crops. The remainder of the property (about 107 ac.) is forested.

In recent years, the farm has been used for hay production and occasional production of corn. The farm consists of about 99 acres of soils designated as prime farmland, farmland soils of statewide importance, or farmland soils of local importance. The majority of the ~107 acres of woodland are mixed hardwood/softwood forests that have been managed occasionally for timber in the past. A small portion of the forest is forested wetland. There is approximately 2,675 feet of frontage on Swett Road and 575 feet of frontage on Webb Road.

The property currently has no structures. The Clark Farm will be sold subject to a perpetual agricultural conservation easement restricting non-agricultural development of the property.

The conservation easement will designate a "farmstead area" where a residence, barn, and other agricultural structures can be constructed, repaired, and replaced. An additional building area for other farm structures may be permitted. The conservation easement will prohibit any future division of the property.

A large amount of funding toward the conservation easement for this property is coming from the federal government through the Agricultural Conservation Easement Program of the Natural Resources Conservation Service. This funding, along with additional private money MFT has raised for this purpose, is what will make it possible for MFT to sell the property for its value as land protected for farming.

Though we have listed the property at $595,000, the actual net price to the qualified buyer for Clark Farm will be $195,000. Due to constraints imposed by realty sales regulations, our "listing price" is set at the appraised value of the property. However, this price does not take into account the reduction in value due to the restrictions on use imposed by the Agricultural Conservation Easement that will be placed on the farm at closing. The appraised value of the farm when restricted by the conservation easement is $195,000. The Purchase is contingent on the successful application of the Request for Proposal.

$595,000 listing price, appraised value of unrestricted property

- $400,000 credit to buyer for appraised value of Agricultural Conservation Easement

$195,000 NET PRICE

FMI: Nina Young, DB REALTOR ®

Maine Farms Realty

207-930-5184

[email protected]

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