Property auction offers bargain-basement prices.Byline: REAL ESTATE By Randi Bjornstad The Register-Guard Does the chance to buy 40 acres of property between Blue River and McKenzie Bridge - wooded with 350 feet of frontage on the McKenzie River For rivers name "Mackenzie", see . The McKenzie River is a tributary of the Willamette River, 86 miles (138 km) long, in northwestern Oregon in the United States. It drains part of the Cascade Range east of Eugene into the southernmost end of the Willamette Valley. - sound appealing? How about 53 treed acres with an approved home site 15 minutes south of Coos Bay Coos Bay (k  s), city (1990 pop. 15,076), Coos co., SW Oreg., a port of entry on Coos Bay; founded 1854 as Marshfield, inc. 1874, renamed 1944. ?
Perhaps 20 acres of recreational property 20 miles from Myrtle Point, or maybe 80 acres of timber and recreational land 5 miles east of historic Brownsville? They are among 57 properties being auctioned by Portland-based Realty Marketing/Northwest, which has just released its catalog of properties in Oregon, Washington and Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern that will be sold in mid-November. They include 24 in Oregon, 32 in Washington and one in Oakland, Calif. An oral auction of 19 of the properties will take place at the Sheraton Hotel adjacent to Portland International Airport
on Nov. 11, with the rest to be sold via a sealed-bid auction four days later. John Rosenthal, president of the 20-year-old firm, says "75 percent of these properties have never been on the market," while the reserve prices of others - the minimum amount that must be offered for a valid sale - `are being offered with significant price reductions of over 50 percent of the last asking prices." The price reductions have attracted significant interest in the properties that were on the market previously but didn't sell, he said. The Skamania Coves Resort, located a few miles east of Portland just across the Columbia River Columbia River River, southwestern Canada and northwestern U.S. Rising in the Canadian Rockies, it flows through Washington state, entering the Pacific Ocean at Astoria, Ore.; it has a total length of 1,240 mi (2,000 km). in southwest Washington, had an asking price of $1.85 million when it was offered six to nine months ago, Rosenthal said. The minimum bid is $650,000 this time around, and about 20 interested parties showed up at an open house to inspect it, he said. The resort consists of 30 acres with 3,000 feet of Columbia River frontage, has four single-family homes, a duplex, 17 recreational vehicle spaces and room for tent camping. Last year, the gross income from the resort and rentals totaled $78,000, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Realty Marketing/Northwest's property description. The property is being listed for auction as a result of an irreconcilable dispute between the property's two owners, Realty Marketing/Northwest vice president Sharon Peede said. In Lane County, the McKenzie River Valley property is being offered for the first time, Realty Marketing/Northwest says, and the reserve price has been set at $195,000. Zoned for forestry use, the property is located at the 1,200-foot elevation within the Willamette National Forest The Willamette National Forest is a National Forest located in the central portion of the Cascade Range of Oregon, US.[1] It contains 1,675,407 acres (2,618 mi², 6,780 km²) making it one of the largest national forests. and contains an estimated 470 million board feet of Douglas fir Douglas fir: see pine. Douglas fir Any of about six species of coniferous evergreen timber trees (see conifer) that make up the genus Pseudotsuga, in the pine family, native to western North America and eastern Asia. on land not within the riparian zone
A riparian zone is the interface between land and a flowing surface water body. . The river frontage is located on the northeast section of the property, across from Dearborn Island. Portions of the property could be subject to seasonal flooding because of proximity to the McKenzie River. It has no developed or legal access. While the housing market has slowed down even in Oregon, particularly Southern Oregon This article is about the southern region of the U.S. state of Oregon. For the University, see Southern Oregon University. Southern Oregon is a region of the U.S. , where prices have peaked and are now settling, Rosenthal said, investors are still interested in the Pacific Northwest. The interest in rural and recreational land in particular is still strong, he said. "There's a lot of 1031 money out there that hasn't gone anyway," he said, referring to the tax-deferred exchange of an investment property for a like one. Oregon is a desirable area to live, Rosenthal said, continuing to draw retirees, among others, and the restrictions on land use here means that there's not going to be a huge amount of new, developable land coming on the market. These two facts are not lost on investors, he said. While many of the tracts being offered at the firm's semi-annual auction are mountainous and timbered tim·bered adj. 1. Covered with trees; wooded. 2. Made of or framed by timbers, especially exposed timbers. Adj. 1. , it also includes three single-family residential lots on North 117th Street in suburban Clark County, Wash., with a $60,000 starting price for each. NORTHWEST PROPERTIES UP FOR AUCTION Realty Marketing/Northwest will conduct an oral auction on Nov. 11 and a sealed-bid auction on Nov.15 of 57 properties in Oregon, Washington and California Oral auction: $5 registration fee for one property; $10 for bids on up to five properties; $20 for more than five. Bidding may be done by mail by preregistration pre·reg·is·tra·tion n. An early registration, as for returning college students, that takes place before general registration. and payment of 10 percent of the maximum bed. Sealed-bid auction: $15 registration fee per property. Bids must be received by 5 p.m. on Nov. 15. For more information: (503) 228-3248 or (800) 845-3524; www.rmnw-auctions.com |
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