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Farm ID 3278

    Farm ID 3278
Property Description:

Intervale Road is a very scenic stretch of rural road in the town of New Gloucester. Brookings Farm's fields lie along the road with easy access and views all the way up to the woods on the property.

This farm was operated as a family dairy, vegetable, egg farm since the 1940's. In the past few years, after the dairy was no longer part of the operation, the family hayed the farm and kept some livestock, and then leased the fields for hay production and pasturing.

The farm's best uses are for hay and livestock, with the added opportunity for woodlot management. A livestock operation can be diversified and could easily include chickens, turkeys, beef, goats, sheep and pigs. It is an excellent hay farm. The farm's location in New Gloucester and near other coastal and urban markets allows for numerous opportunities for the new owner of this property.

The farm will be sold with easement in place, that allows development of farmstead area and ag structures area, but no division.

Though we have listed the property at $481,000, the actual net price to the qualified buyer for Brookings Farm will be $255,000. Due to constraints imposed by realty sales regulations, our "listing price" is set at the appraised value of the property. However, this price does not take into account the reduction in value due to the restrictions on use imposed by the Agricultural Conservation Easement that will be placed on the farm at closing. The appraised value of the farm when restricted by the conservation easement is $255,000. The Purchase is contingent on the successful application of the Request for Proposal.

$481,000 listing price, appraised value of unrestricted property
-$226,000 credit to buyer for appraised value of Agricultural Conservation Easement
$255,000 NET PRICE

Request for Proposal <-- for printing

 

“The information herein is believed to be accurate, but not warranted and should be verified by the buyer.”

Soil Map

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Listing Address:
766 Intervale Road, New Gloucester, ME, USA 04260
Main name: Sue Lanpher - FarmLink
Contact Information
Listing Date: June 22, 2018 00:00
Current Farm Use: Hay production and cattle are being grazed
Total Acres: 232
Acres in Pasture: 74
Woodlot Acres: 158
Tillable Acres: 5
Farm House: No
Predominant Soil Type: Buxton silt loam, Scantic silt loam
Easement on property held by: Maine Farmland Trust at the time of the sale
ME County:
  • Cumberland
Suitable for Growing:
  • Beef Cows
  • Dairy (Cows)
  • Goats
  • Grains
  • Hay/Forage
  • Hogs
  • Livestock
  • Pasture
  • Poultry
  • Sheep
  • Woodlot
Tenure Interests:
  • Standard Sale
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