The property is zoned C-1 on the north 600’ of the 80 acres and the south portion is zoned M-2 Industrial.  The soils on this property are very good Portneuf silt loams that are common to the area and based on nearby developments will allow all types of construction. The farm has 80 shares of Twin Falls Canal Company water appurtenant, but the seller has reserved the water with the provision that buyer can lease the water if they wish to continue farming for a year to two.

  

Improvements:

            There is currently an older home on the property, which has three bedrooms with a bath on the main floor and a bath upstairs.  It is currently rented at $500 per month.  The farm is normally rented on a 50-50 crop share arrangement.  Dependant on the date of sale or the closing date, possession of the land will be subject to farm lease.

 

Taxes and Canal Assessments:

                The real estate taxes for 2004, on this property, were $2,014.15, according to Twin Falls County Treasurer’s office.  The assessment for the Twin Falls Canal Company water stock for 2006 is $21 per share.  Price and Terms:

 

            The property is priced at $2,200,000.  The owner will accept a minimum down payment of $500,000 and carry the balance on a note and mortgage on a 20-year amortization with a 10-year balloon.  Interest to be at 8% per annum.

 

Realtors Note: MLS #98232296

            This property is subject to prior sale, price change, corrections or withdrawal.  All information has been gathered from sources that are deemed reliable and no warranty is made by LeMoyne Realty & Appraisals, Inc.  We recommend that you verify all information to your satisfaction, including the age, condition and utility of the structures, irrigation equipment and delivery system.