One of Redmond, Oregon’s finest estate properties, 40 Acres, 2 Homes. Excellent possible business opportunity of working Hay Farm and Tree Nursery, amazing event and wedding site with Highway 126 frontage. Restored 1920′s barn with home occupation permit, use as home or office. Huge recreation/irrigation pond with rope swing. Approximate 6,000 sqft. deck with a large lawn. Will sell all or part.  Second house and office barn with 4.5 acres can be split off.

Home features

• 3067 sq. ft. Custom Home
• 2 Bedroom- easy to make 3
• 3 Full Bath
• Loft area
• All old style distressed pine plank flooring
• Vaulted exposed beam ceiling
• Gas heat pump/AC
• Commercial style stainless steel kitchen appliances
• Wide pine plank wall & ceiling covering
• Covered arch front & back
• 6000 sq. ft. +/- Custom milled Timber Decking
• Large sliding glass doors & windows
• Oversize 2-car garage completely furnished
• Large field stone  fireplace w/ used brick accents  in main living area
• Nice pantry w/ sliding
• Large utility room w/ storage
• Doug fir plank entry door
• All knotty Alder interior doors
• Flamed Granite Tile counter tops through
• Outdoor kitchen
• Central vacuum system
• Outdoor fire pit
• Large lawn w/ automatic sprinkler & native landscaping

Master Suite

• Large open master suite
• All old style distressed pine plank flooring
• Large windows & sliding glass door
• Vaulted ceiling w/exposed rough sawn timber
• Large walk-in closet w/ organized system
• His & her vintage sinks
• Large double head walk in shower w/ river rock flooring and accents
• Field stone gas fireplace w/used brick accents
• Beautiful view of pond &  large backyard

Property Features

• 1616 sq. ft. 2nd home for rental, care taker, or family
• 48’x40’ 3 sided hay storage building
• 1920’s restored barn finished inside for office/retail
• 1520 sq ft shop w/ full bath
• 25+ acres of COI water rights
• Approx. 18 acres of 2nd year hay ground (1st and 2nd cutting produced 97.5 tons w/ 3rd growing back. Estimated production should be 135 tons)
• Large irrigation & recreation pond, lined, concreted, and landscaped. Complete with Boardwalk, Docks, and Rope Swing.
• 1-3 HP Submersible irrigation pump for lawn area
• Large fenced store yard
• Owners home and yard has been used for weddings and events with functions having 400+ guests
• ¼ Mile HWY 126 frontage for nursery/business exposure
• Owner/Broker is the builder and developer of this property who specializes in rustic old style western architecture
• Owner broker specializes in agricultural construction and can develop this property for horses, registered cattle or retail nursery farm
• The attention to detail in designing & building is what makes this one of the most beautiful properties in Redmond, Oregon.

Commercial/Industrial building in great location with HWY 126 frontage. Building is 100% occupied with 5 & 3 year terms remaining. This is one to consider. Right at one acre in Redmond, Oregon. MLS#201008494

We are seeing lots of activity in sales in September and October. The primary residential market has had the most sales in the last few months with the first time buyers being able to take advantage of the $8,000.00 tax refund that is available. We are also seeing activity  in the Central Oregon commercial and income investment properties as well, but still not as much demand. We have seen a few farm and ranch properties sell and also recreational and vacation properties.

We have to ask the question “WHY” .  Here is my opinion… Short-sales, bank owned, and homeowners realizing that they need to price their real estate in a way that will sell today. Although it has taken awhile for everyone to look past how much equity they are loosing or lost and realize that the sooner they get out from under the position they hold the sooner they will be on the road to recovery. People have needed to realize that yes they will loose money in their investment and come to grips with it.  They are there now….The upside is this. Even if you walk away with little or no equity in your last investment you now have the opportunity to invest in a Market that is at or almost at the bottom. Buying in today’s market will put you in a position to start seeing your real estate investment grow once again.

This is very exciting for buyers as they have been holding onto the real estate dollars waiting for the market to hit bottom and level out. Those of you that have done this should start looking for your next investment. Your patience has and will pay off. We are seeing commercial cap rates going as high as 8% and higher. We have Central Oregon income property that is for sale with over 9% cap rates. We have seen residences in Central Oregon selling as low as $70,000.00. Central Oregon farm, ranch, and recreational properties are for sale at 40%-60% less then then invested value of the owners. This is the time to move on your next investment and take advantage of this market.

If you love Central Oregon and the lifestyle it has to offer. If you have a passion for the area and want to see it start growing again, and if you want to take advantage of the excellent buys that are happening as you read this, allow me to help you in your search. I am a very aggressive buyers agent and a very realistic sellers agent.  My goal is to get you re-invested in today’s down market so that your real estate investments will start working for you again.

Thanks for your time and let me know if there is anything I can do for you.

Today the market has turned 180 degrees and the strategies agents used yesterday are not working in today’s market. This is where I would like to offer my thoughts and opinions to best represent you the buyer.

For the buyer I have great news… This is your market! You will be the reason the economy will come back and start its upward cycle. There is an abundance of property available at a decade ago or more values. We have a distressed market that has lasted too long and people are having to make moves  that they didn’t think they would have make. Banks, Businesses, Investors, home owners and  Speculator’s all need to reposition themselves in the market or get out from under their liabilities. Their liabilities now can become your assets. We used to see CAP rates go as low as 3.5% because they had the  appreciation in the real estate to shorten the length of return. Today income property CAP rates can go to over10%  and I feel they need to be at least 8% CAP as a minimum because of the lack of appreciation. We are now seeing the prices get to this point. Commercial, Residential, Vacation Home, Ranches, Farms, and Horse properties all have dropped to 12 year lows. River Front and lake property for hunting and recreational use have been  dropped by more lucrative owners because  they want to reposition themselves in the new market. It makes sense for them to do this so that their real estate money will start working for them again. Now is the time to take advantage of this market and allow the new generation of Real Estate appreciation happen for you.

Please contact me for the latest price reductions and available properties so that I may assist you in finding the best deal out there. I have many great listings and I am also a very aggressive agent that will be able to locate the desired Real Estate investment no matter where you are looking at in the state of Oregon. I am a property hunter and whether it is listed or not I will find it.

Thanks again for stopping by and listening to my thoughts and opinions.

HAVE A GREAT DAY!