Martin Farm

Category
Farms and Ranches
State
Zip
MLS Number
Price
$459,000.00

121 acres with 88 irrigated through Midvale Irrigation District located at 275 Hwy 133, midway between Kinnear and Pavillion, Wy.

Property Description

121 acres with 88 irrigated through Midvale Irrigation District. Barley was seeded in 2020. New pivot in 2020 covering approximately 50 acres with balance by gated pipe which is included in sale. Bordered on the east by Hwy 133 and Midvale ditch road on the west. Live water year round from a Midvale drain ditch.

Soil classification by Midvale Irrigation District scale is: (1=best, 6=nonirrigable)

Class 1               5.8     acres

Class 2             30.8

Class 3             30.4

Class 4             20.9

Total                       88 acres

Soil quality is above average for the area.

Midvale Irrigation water is approx. $17/acre with a base charge of $375. Water is usually available from the 3rdweek of April to the middle of September. In 2020 the allotment was 2.5 acre ft which is lower than previous years due to the lack of rainfall this year. However, even 2.5 acre ft is sufficient to operate a center pivot for the season.

 

Improvements

There is an older home on the property that would is not habitable in its current condition but could be upgraded. A remodel was started several years ago but not completed. There is also a 1500 sq ft Quonset building for hay/machine storage, a good well house and several utility buildings. Well and power on property. Many mature trees offer a beautiful setting for a new home or refurbishing the existing one. 

 

Financial

RE Taxes          $1525

Midvale H20     $2130

 

 

Valuation

88 acres irrigated @ $3300                 290,000

33 acres dryland @1000                       33,000

Live water                                           10,000

Improvements                                     80,000 (county assessment)

Pivot                                                 100,000 (cost) 

Total Value                                       $513,000

 

ASKING PRICE                                             $449,000