NOT LISTED FOR SALE

78655 Territorial Rd Lorane, OR 97451

Estimated Value: $757,000 - $1,120,000

4 Beds
1 Bath
2,232 Sq Ft
$420/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $899,000 $403 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,312/month

8 Days on Market

Highlights

  • RV Access or Parking
  • Wood Frame Window
  • Accessible Full Bathroom
  • Waterfront
  • Accessible Bedroom
  • Forced Air Heating System

About This Home

As of June 2021

105+/- acre hay & cattle ranch w irrigation rights out of the South Fork of the Siuslaw River which runs through the
property, Hay field consists primarily of Class 2 McAlpin soil. Beautiful location, & sweeping views. Ponds, well placed mainline for
irrigation, great topography combo. Irrigation pump and pipelines stay with the property. Structures need work. 120x70 Hay &
livestock barn lost it's roof in unprecedented snow load of 2019. Shop has loading dock up top & cement floor lower level

Last Agent to Sell the Property

Lisa Johnson

Horsepower Real Estate License #200412204 Listed on: 02/25/2021

Last Buyer's Agent

Lisa Johnson

Horsepower Real Estate License #200412204 Listed on: 02/25/2021

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,743

Year Built

  • Built in 1934

Lot Details

  • 5 Acre Lot
  • Waterfront
  • Zoning described as F2-Impacted For

Parking

  • RV Access or Parking

Home Design

  • Ranch Property
  • Farm
  • Slab Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,232 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Wood Frame Window
  • Living Room with Fireplace
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Schools

  • Applegate Elementary School
  • Crow Middle/High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Wood
  • Irrigation Water Rights
  • Shared Well
  • Well
  • Septic Tank

Listing and Financial Details

  • Tax Lot 1442506
  • Assessor Parcel Number 922011

Property Details

Property Type

Other

Est. Annual Taxes

$2,743

Year Built

Built in 1934

Lot Details

5 Acres

Listing Details

  • Architectural Style: Other
  • Directions: 2.9 miles S of the Post Office in Lorane
  • Garage Yn: No
  • Unit Levels: Two
  • Lot Size Acres: 5.0
  • Prop. Type: Farm
  • New Construction: No
  • Road Surface Type: Paved
  • Subdivision Name: N/A
  • Year Built: 1934
  • Co List Office Phone: 541-510-4601
  • MLS Status: Closed
  • General Property Information Audio Surveillance on Premises YN: No
  • General Property Information Accessory Dwelling Unit YN: No
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Accessibility Features: Accessible Bedroom, Accessible Full Bath
  • Appliances: Dishwasher, Disposal, Range, Refrigerator
  • Has Basement: Partial, Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Living Room, Wood Burning
  • Flooring: Other
  • Window Features: Wood Frames
  • Fireplace: Yes

Exterior Features

  • Construction Type: Unknown
  • Foundation Details: Concrete Perimeter, Slab
  • Roof: Composition
  • Waterfront Features: River Front
  • Waterfront: Yes

Garage/Parking

  • Parking Features: RV Access/Parking
  • Attached Garage: No

Utilities

  • Cooling: None
  • Heating: Forced Air, Wood
  • Sewer: Septic Tank
  • Water Source: Shared Well, Well
  • Cooling Y N: No
  • HeatingYN: Yes

Schools

  • Elementary School: Applegate Elem
  • High School: Check with District
  • Middle Or Junior School: Crow Middle/High

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 217800.0
  • Parcel #: 922011
  • Irrigation Water Rights: Yes
  • Crops Included: No
  • Current Use: Agricultural, Ranch
  • ResoLotSizeUnits: Acres
  • Zoning Description: F2-Impacted For

Tax Info

  • Tax Annual Amount: 2742.54
  • Tax Lot: 1442506
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2025
Sold by
Herron Sean E and Mize Meghan M
Bought by
Herron-Mize Trust and Herron
Current Estimated Value
$936,482

Purchase Details

Listed on
Feb 25, 2021
Closed on
May 28, 2021
Sold by
Siuslaw River Farms Llc
Bought by
Herron Sean E and Mize Meghan M
Seller's Agent
Lisa Johnson
Horsepower Real Estate
Buyer's Agent
Lisa Johnson
Horsepower Real Estate
List Price
$899,000
Sold Price
$899,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.87%
Original Mortgage
$674,250
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2019
Sold by
Heitzman Joseph L
Bought by
Siuslaw River Farms Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 29, 1999
Sold by
Pellham Alice L
Bought by
Heitzman Joseph L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
7.82%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Herron-Mize Trust -- None Listed On Document
Herron Sean E $899,000 Western Title & Escrow
Siuslaw River Farms Llc -- Cascade Title Company
Heitzman Joseph L $375,000 Cascade Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Herron Sean E $674,250
Previous Owner Siuslaw River Farms Llc $470,000
Previous Owner Heitzman Joseph L $355,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2021 06/01/21 Sold $899,000 0.0% $403 / Sq Ft
03/04/2021 03/04/21 Pending -- -- --
02/24/2021 02/24/21 For Sale $899,000 -- $403 / Sq Ft
Source: Oregon Datashare

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,845 $479,685 -- --
2024 $3,174 $246,567 -- --
2023 $3,174 $239,503 -- --
2022 $2,992 $232,643 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Johnson

    Seller's Agent in 2021

    Lisa Johnson

    Horsepower Real Estate

    (541) 510-4601

    78 Total Sales

    Lisa Johnson
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Map

Source: Oregon Datashare

MLS Number: 220117161

Oregon Datashare

APN: 1442506

Oregon Lane County Lorane 97451

78655 Territorial Rd, Lorane, OR

Not Listed for Sale

Other

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