20-A Waters Road Patten, ME SOLD
$220,000
Acres 146.00
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Sold By
Richard Theriault, Keller Williams RealtyDescription
Located along Waters Road in the historic community of Patten, Maine, this 146-acre timberland tract offers an exceptional opportunity for investors and outdoor enthusiasts alike. Actively managed for decades, this property has been meticulously improved as a timber-producing estate, with over 1,200 feet of road frontage on the paved Waters Road.
Originally a productive potato farm until the 1970s, this land was transformed in the early 1980s into a highly productive timberland. Under the expertise of licensed Maine foresters, the owner planted 50,000 spruce seedlings, establishing thriving stands of White, Black, and Norway spruce. Today, these trees boast an impressive volume, with some stands yielding approximately 30-40 cords per acre after 40 years of growth.
In addition to the 50 acres of spruce plantations, the property features over 90 acres of naturally regenerating timber stands. Here, you'll find mature cedar logs, maple, white and yellow birch, aspen, along with additional spruce and fir, contributing to the diverse and valuable timber inventory.
Ten years ago, a thoughtful investment was made on a 2-acre section of land surrounding a small farm pond. Previously unproductive and covered in dogwood, this area was planted with white oak and black spruce seedlings, which are now flourishing. As these trees mature, they will provide not only high-quality timber but also acorns for the local whitetail deer population, enhancing the property's appeal for wildlife enthusiasts.
A recent selective harvest on 25 acres of the property was conducted in July. Post-harvest, the cleared road was planted with white and red clovers and daikon radish, serving both as a cover crop and a food plot for deer. Trails were also cleared, leading to the old apple orchards, the farm pond oak grove, and the serene cedar forest at the back of the property.
Listed by United Country Lifestyle Properties of Maine, Richard Theriault 207-794-6164
Sold by Keller Williams Realty, Richard Theriault 207-879-9800
Details
MLS 1599862
Status Closed
Price $220,000
DOM 80 days
Type Lot/Land
Lot Size 146.00 acres
Taxes Paid $404
Lot & Building Features
Tax Year 2023
Taxes Paid $404
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6.75%
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.