NOT LISTED FOR SALE

Estimated Value: $912,000

4 Beds
2 Baths
-- Sq Ft
141.6 Acres

Last Sold October 10, 2019

Last sale price $1,500,000

Est. 39% decrease in value since last sale

Current estimated payment $5,173/month

54 Days on Market

Highlights

  • Barn
  • Horse Stalls
  • Mountain View
  • Horse Property
  • 141.6 Acre Lot
  • Traditional Architecture

About This Home

As of October 2019

Pono Farm is a highly productive 143 acre farm which produces certified organic hemp and Wagyu beef, all while having breathtaking Cascade mountain views from Mount Bachelor to Mount Hood. This property includes 123 acres of irrigation rights with 120 acres of certified organic soil, and currently utilizes 40 acres for hemp production. Includes a main, ranch style 4 bed, 2 bath home, as well as a 3 bed, 2 bath manufactured home on site. Historically this farm has raised organic Wagyu beef, hogs, and chickens, and the hemp grown produces 11% to 15% CBD with a well rounded production of other valuable components such as a Terpene profile of Farnesene, Mycene, Caryophyliene and Pinene. Property is well-appointed with several agricultural and storage buildings, vet/med building, barn, cellars, and more. 30,000 + hemp plants to be negotiated with sale. New roof on main ranch house.

Last Agent to Sell the Property

Perry Cross

Land and Wildlife LLC Listed on: 08/05/2019

Co-Listed By

Christopher Martin

Land and Wildlife LLC License #200706071

Last Buyer's Agent

Delita Cordes

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,964

Lot Details

  • 141.6 Acre Lot
  • Fenced
  • Landscaped
  • Additional Parcels
  • Property is zoned EFU, EFU

Parking

  • 2 Car Garage
  • Gravel Driveway

Home Design

  • Traditional Architecture
  • Ranch Property
  • Farm
  • Slab Foundation
  • Stem Wall Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Wood Burning Fireplace
  • Vinyl Clad Windows
  • Family Room with Fireplace
  • Living Room
  • Mountain Views
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Dishwasher
  • Laminate Countertops

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Horse Property
  • Shed
  • Storage Shed

Schools

  • Culver Elementary School
  • Culver Middle School
  • Culver High School

Farming

  • Barn

Horse Facilities and Amenities

  • Horse Stalls
  • Corral

Utilities

  • Cooling Available
  • Heating System Uses Wood
  • Heat Pump System
  • Irrigation Water Rights
  • Water Heater
  • Leach Field

Community Details

  • Culver Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3642

Property Details

Property Type

Other

Est. Annual Taxes

$3,964

Lot Details

0

Parking

2

Listing Details

  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Unit Levels: One
  • Lot Size Acres: 141.6
  • Prop. Type: Farm
  • Property Sub Type: Agricultural
  • Subdivision Name: Culver
  • Co List Office Mls Id: ocLAW
  • Co List Office Phone: 866-559-3478
  • Co List Office Phone: 866-559-3478
  • MLS Status: Closed
  • General Property Information Elementary School: Culver Elem
  • General Property Information Middle Or Junior School: Culver Middle
  • General Property Information High School: Culver High
  • General Property Information:Zoning2: EFU
  • General Property Information Horse Property YN: Yes
  • View Cascade Mountains: Yes
  • Appliances Refrigerators: Yes
  • Flooring Laminate: Yes
  • Flooring:Tile: Yes
  • Levels:One: Yes
  • Rooms:Kitchen: Yes
  • Rooms:Laundry: Yes
  • Rooms:Living Room2: Yes
  • Other Structures:Shed(s): Yes
  • Sewer Standard Leach Field: Yes
  • Architectural Style Traditional: Yes
  • Flooring:Vinyl: Yes
  • Roof:Composition: Yes
  • Rooms Eating Area: Yes
  • Other Structures:Barn(s): Yes
  • Other Structures:Corral(s): Yes
  • Other Structures:Storage: Yes
  • Foundation Details Slab: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Oven, Range, Refrigerator, Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Wood Burning
  • Flooring: Laminate, Tile, Vinyl
  • Interior Amenities: Laminate Counters, Primary Downstairs
  • Window Features: Vinyl Frames
  • Fireplace: Yes
  • ResoLivingAreaSource: Assessor
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Interior Features:Laminate Counters: Yes
  • Interior Features:Primary Downstairs: Yes
  • Appliances:Oven: Yes
  • Fireplace Features:Wood Burning: Yes
  • Fireplace Features:Family Room: Yes

Exterior Features

  • Construction Type: Frame
  • Foundation Details: Slab, Stemwall
  • Lot Features: Fenced, Landscaped
  • Other Structures: Animal Stall(s), Barn(s), Corral(s), Shed(s), Storage
  • Roof: Composition
  • View: Cascade Mountains
  • Horse: Yes
  • Lot Features:Fenced: Yes
  • Window Features:Vinyl Frames: Yes
  • Construction Materials:Frame: Yes
  • Lot Features:Landscaped: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Driveway, Gravel, Other
  • Attached Garage: No
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Driveway: Yes
  • Parking Features:Gravel: Yes

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump, Wood
  • Sewer: Standard Leach Field
  • Water Source: Water Meter
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Heater: Yes
  • Heating:Wood: Yes
  • HeatingCooling:Heat Pump: Yes
  • Heating:Heat Pump2: Yes

Schools

  • Elementary School: Culver Elem
  • High School: Culver High
  • Middle Or Junior School: Culver Middle

Lot Info

  • Additional Parcels Description: 1213060000400 Tax Account #3641
  • Additional Parcels: Yes
  • Lot Size Sq Ft: 6168096.0
  • Parcel #: 3642
  • Irrigation Water Rights: Yes
  • Current Use: Agricultural, Ranch
  • ResoLotSizeUnits: Acres
  • Zoning Description: EFU
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3964.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2023
Sold by
Agrinext Fund Llc
Bought by
Sakhai Ely
Current Estimated Value
$912,000

Purchase Details

Listed on
Aug 5, 2019
Closed on
Oct 9, 2019
Sold by
Northwest Orregon Land Llc
Bought by
Agrinext Fund Llc
Seller's Agent
Perry Cross
Land and Wildlife LLC
Buyer's Agent
Delita Cordes
List Price
$1,595,000
Sold Price
$1,500,000
Premium/Discount to List
-$95,000
-5.96%

Purchase Details

Closed on
Mar 3, 2010
Sold by
Schult Arthur W and Schult Susan
Bought by
Selle Eric J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 21, 2007
Sold by
Mallorie Robert B and Mallorie Nancy E
Bought by
Schult Arthur W and Schult Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$738,750
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Sakhai Ely $700,000 --
Agrinext Fund Llc $1,500,000 Western Title & Escrow
Selle Eric J $500,000 Amerititle
Schult Arthur W $985,000 Jefferson County Title Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Selle Eric J $325,000
Previous Owner Schult Arthur W $738,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2019 10/10/19 Sold $1,500,000 -6.0% --
09/28/2019 09/28/19 Pending -- -- --
08/05/2019 08/05/19 For Sale $1,595,000 -- --
Source: Oregon Datashare

Tax History Compared to Growth

Source: Public Records

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 $5,407 $357,256 -- --
2024 $5,264 $346,972 -- --
2023 $3,213 $219,561 $0 $0
2022 $3,129 $213,298 $0 $0
2021 $3,016 $207,211 $0 $0
2020 $2,886 $201,517 $0 $0
2019 $2,809 $195,766 $0 $0
2018 $2,716 $190,192 $0 $0
2017 $2,665 $184,786 $0 $0
2016 $2,673 $179,534 $0 $0
2015 $2,470 $174,427 $0 $0
2014 $2,470 $169,452 $0 $0
2013 -- $166,153 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Oregon Datashare

MLS Number: 201907540

Oregon Datashare

APN: 121306-00-00500