LOCATION:
This spectacular country estate, wildlife area,
hunting club and working rice farm is located in the area known as
District 10, which lies north and East of Marysville in
This 3 bedroom, 4 bath hilltop home, which is beautifully designed and landscaped with pool, stream and other water features, is designed with entertaining in mind. Its unique architecture and many amenities simply cannot be adequately described with this writing. It must be seen to be appreciated.
INVENTORYOF LANDS: Comprising approximately 888 acres, the property is divided into the following categories and utilizations:
428 acres m/l is currently farmed to rice by the current owners, who would be interested in discussing a leaseback arrangement.
357 acres m/l is enrolled in the Wetland Reserve Program, a perpetual conservation easement program through the Natural Resources Conservation Service, a division of the United States Department of Agriculture.
The balance, (approximately 103 acres), is allocated to the lands underlying and surrounding the main residence and lodges; roads and infrastructure, irrigation ditches, sloughs, etc.
WATER &
IRRIGATION: The ranch is
in the Cordua Irrigation District, which was formed in 1874, and is
listed in Book 1, on Page 1 in the California Water Code list of
“Water Code Districts.”
Cordua Water District has rights to divert water from
Cordua Water District Water Rates for 2008 are as follows:
|
|
Class 1 Land - Rice |
$10.00/Ac. |
| Other & Winter | $ 8.50/Ac. | |
| Ponds | $ 15.00/Ac. (Min. $50) |
Class 11 & 111
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$20.00/Ac.
Other & Winter
$17.50/Ac.
Ponds
$30.00/Ac. (Min. $100)
The subject property consists of Class 11 and 111 lands. There are three agricultural wells located on this property. Two were recently converted to electrical service, utilizing 75 horsepower high efficiency electric motors, and the third is powered by an industrial diesel power plant with gear drive. These wells produce an average of about 2000 gallons per minute.
WATER SALES: As the ranch has water for irrigation available from both Cordua Irrigation District and the agricultural wells, it has been positioned to participate from time to time in water transfer agreements negotiated by Cordua Water District through programs administered by the California Department of Water Resources such as the Environmental Water Account. In 2008 two of the Ranch’s wells are being utilized to provide water for this program.
TAX ASPECTS: Prospective investors not familiar with agriculture will be interested to know that investments in agricultural property and agribusiness activities such as the rice farming operations ongoing on this property may enjoy favorable tax treatment. Additionally, pumps, wells, irrigation infrastructure, etc., may be depreciable assets for tax purposes.
PRICE: $7,500,000
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SUPPLEMENTAL
COMMENTS: As it would
be impossible to adequately describe this unique property in this
brief overview, interested parties are encouraged to request a
personal tour. Only
then can one truly appreciate what has been created and preserved on
this beautiful
For more assistance on this property:
Please fill out our
contact form or
Call
Doug McGeoghegan at (530) 671-2770.