MY LAND AS A WOODLOT

March 3rd, 2010

The biggest activities conducted on my property, other than the construction of my home,  was two timber harvests; one in the winter of 1992 and the other in the winter of 1997.  A total of 485 cords were cut yielding approximately $16,800 in stumpage value.  This activity was by far the biggest income producer generated by my LAND INVESTMENT.

 Approximately 19 acres was cut during 1992.  The area harvested occurred behind my home on the western 2/3rds of the west rectangle.  This section was previously harvested in the 1970s and was nearly a clearcut.  The harvest was basically a removal of the remaining overstory with Spruce, Fir, Hemlock, Hardwood and White Pine being targeted species.  Most of the wood was sold as pulp and studwood along with a load of pine logs.

 In 1997 the cut area was comprised of 53 acres and included the entire wooded portion of the east rectangle and about 3 acres on the west rectangle to the north of my home.  This section was not harvested for many decades and consisted of mostly mature timber.  The harvest prescription was to cut softwood, popple and log quality oak, which was painted.  Tree species sold were Spruce, Fir, Larch, Popple, White Pine and Oak.  Again most of the wood was sold as studwood and pulpwood.  Approximately 23 MBF of oak and pine logs were delivered to the mills.  I kept another 40 cords of firewood, mostly oak tops and limbs along with a few Red Maple which were harvested incidentally.   

 My property still has plenty of merchantable timber.  The harvest crew left many trees that did not quite meet the initial prescription; and after 13 years have grown even bigger.  Consequently I can justify another harvest of Popple, Spruce, Fir and White Pine in the immediate future.  In addition, at the current rate that I am cutting firewood (6 cords annually), there is more hardwood growing on the property than I can use in my lifetime. 

 Most of the residual, merchantable timber is on the east rectangle.  The west rectangle is well stocked with mostly softwood regeneration and would probably be ready for a pulpwood thinning in the next 20 years, maybe sooner. 

 Other than an outright sale of the property, timber harvesting is probably the single most valuable income producer of a woodlot.  As you can see by my experience, income can be generated by successive, selective harvests.  My timberland investment has yielded me income over time; AND there is still plenty of remaining wood that can be harvested now AND there are trees growing for future harvests.  Need I say more.

 You can be a timberland owner as well.  Just check out our listings at www.wildernessrealty.com

If you like one of our properties, give us a call and make an appointment for a showing.

NEW PROPERTIES IN BURNHAM, MAINE

February 17th, 2010

Just listed 3 rather modest properties of 18 ac, 20.3 ac and 23.9 ac in Burnham, Maine.  These have been recently approved by the Town and are identified as the Five Oaks Subdivision.

 Each has at least 500 feet frontage on the Garcelon Road, a lightly traveled, paved town road.  Power & phone are at roadside.  The parcels are surveyed and soils tested.

 Any one of these properties would make an ideal homesite for folks looking for plenty of space and privacy.  They are well wooded and can double as woodlots.  These tracts are competitively priced in the $30K range.  In the Burnham area, 2-5 acre house lots are being offered for sale at $15K-$25K.  Compare these prices to one of our 20 acre listings for around $30K, now you have a bargain.  

 Feel free to visit our website www.wildernessrealty.com for more information including pictures and maps.  If you like what you see, call and make an appointment for a showing (207-947-7957).          

CORNVILLE PICTURES

February 10th, 2010

Could not find the fall pictures, so I ventured out last week and got some nice “bluebird” pics of the property.  The owner had plowed the road and I was able to get to the end of it.  Snowshoe conditions are good.

 Check them out on www.wildernessrealty.com Click on ACREAGE. 

 Since conditions are good and no big snows in the forecast, now is an ideal time to view  this property.  Call and make an appointment for a showing (207-947-7957).  Lots of deer and turkey tracks.  

MY LAND AS WILDLIFE HABITAT

January 28th, 2010

My first post under this category was a short history and description of my property.  For this post, I will describe some simple techniques that I employed to enhance the indigenous wildlife populations.

 The first winter after purchasing the 49 acres, I obtained two wood duck nest boxes and put them up overlooking the beaver bog on the east rectangle.  The boxes were used occasionally by the targeted species, wood duck and hooded merganser.  For several years one box was used by mice.  During another check, I surprised a little brown bat.

 Around my home, I cleared approximately 1.5 acres.  This provided a small field and “edge” with the surrounding forest which attracted several bird species to nest; including robins and chipping sparrows.  I left approximately 12 mature oaks which have produced acorns every year.  The fallen nuts have attracted deer, turkey, porcupine, ruffed grouse, gray and red squirrel.  At dusk I have observed flying squirrels harvesting acorns from the tree crowns.  I have also put out bird houses which have been used by tree swallows and chickadees.

 During the first timber harvest (more on this in a future post), I had the cutting crew leave a huge white pine tree.  This lone sentinel was used over the years as a roosting tree for bald eagles and ospreys.  One year it was used as a nest site by goshawks.  Unfortunately its dominance in a sea of young trees attracted a lightning bolt during a particular nasty September thunderstorm.  About 20 feet up it was shattered into numerous slivers and slabs, some of which I found nearly 100 feet from its base.

 At some point in time, I would like to put in 1 or 2 food plots and construct a pond.  Both of these endeavors will be costly; especially when compared to the rather simple (and inexpensive) techniques that I previously described.  My point is there is a multitude of improvements, running from the simple to the grandiose, that landowners can make to their property to attract wildlife.

 Not a landowner yet?  Check out our inventory on our website www.wildernessrealty.com   Feel free to drop me a line if something catches your interest.

NEW LISTING!

January 20th, 2010

Check out the website www.wildernessrealty.com for our first listing of the New Year. 

 Cornville, Maine–198 acres.  This is a large parcel of land just outside of Skowhegan.  There is frontage on the Old Hilton Hill Road.  Power & phone are at roadside.  There is a gated interior gravel road that accesses the property for nearly ½ mile.  Overlooking Devils Bog, there is an 8+/- acre field that can easily be reclaimed.  The remainder of the property is managed woodland.

 This property is game rich with good deer and turkey populations.  The land could easily be managed as an exclusive hunting preserve.  Another viable use for the property is farming.  It appears that portions of the land were farmed for crops in the past.  Finally, this could be a great property for an executive home site.  

 I am still looking for my fall pictures.  I think that they are on the boss’ camera and he is out of town.  Once I locate them, I will put them on the website.

MY MAINE LAND INVESTMENT

January 15th, 2010

First and foremost let me give you a brief history regarding my property.  It is 78 acres in size, bisected by a State highway (with very light traffic) and there is nearly 1100 feet on the Penobscot River.  I purchased it over time in 3 parcels.  The first 49 acres was purchased in 1988 for $13,750.  It is rectangular in shape and is split by a State road.  To the north and east, another 27 acres was bought in 1997 for $8000.  This piece wraps around the east rectangle to form an L shape and gave me the river frontage.  The final parcel of two acres was purchased in 2004 for $5000.  My total cost for the property is $26,750 or approximately $343/acre. 

 I built my home about 450’ in from the road on the west rectangle in 1989-90 near the south line.  The 2 acres purchased in 2004 serves as an additional 200’ buffer between my neighbor to the south and my home.

 The property is mostly wooded except where I cleared about 1.5 acres for my home, lawn and garden.  I planted about 150 fir trees in the open area and keep them trimmed for Christmas trees.  On the east rectangle there is about 3-4 acres of open swamp land and another approximately 1 acre open swath where a pipeline runs parallel to and about 100’ from the State road.

 In the future I will discuss various activities that I enjoy on my land.  The above description should, hopefully, allow the reader to visualize where the particular pursuit is occurring.

NEW FOR 2010

January 7th, 2010

From time to time this year, I will post blogs regarding my personal experiences as a Maine landowner.  Instead of generalities regarding land ownership being hurled at you, my “stories” will be actual accounts espousing actual benefits that I am deriving from my property.  Perhaps these accounts will spur readers to take action and join in on this unique aspect of Americana; the right for anyone to own land.  These posts will be categorized under MY LAND.

 Today, however, I want to bring to your attention a great article that I came across a week or so ago.  It reinforces many of the same benefits that I have been writing about the past year regarding land ownership; in particular, timberland.  I realize that this article is written about the traditional large timberland holdings in the US; nonetheless, the principles apply to smaller woodlot owners as well. 

 If you have any doubts, put this ad in the classifieds, “WANTED: SOMEONE TO CUT MY WOODLOT”.  Your phone will be ringing off the hook.  The competition for stumpage in Maine is fierce.  Your timberland is worth more than you think. 

 Click on the link below and enjoy.

  Fiacco-FLA-Final-w-Graphics

MERRY CHRISTMAS & HAPPY NEW YEAR

December 29th, 2009

Wilderness Realty makes this most sincere wish to all our friends during the Holiday Season!

 Looking forward to a busy 2010.  We have some exciting properties in the pipeline along with our newly approved Burnt Jacket Shores at Moosehead Lake project; located in Maine’s vast wilderness interior.

COMING SOON!

December 18th, 2009

Landowner in Central Maine is putting the final touches on oversized 20+/- acre homesites.  These properties are nicely wooded and are located in a sparsely developed area with light traffic.  There is paved town road frontage with power and phone available at roadside.

 The properties are conveniently located near Waterville, Newport, Pittsfield and Belfast.  This is rural living at its finest.

 Reservations are being taken on a first come first serve basis.  The “Strike Price” is in the $30K range.  Showings are a must.  Call Wilderness Realty @ 207-947-7957 to make an appointment. 

 The number of sites available is extremely limited.  This is a great opportunity to beat the market rush and have first “dibs” on some choice properties in a very desirable area of Maine. 

OWNER FINANCING part two

December 10th, 2009

Generally there are two types of owner financing available to buyers of land.  The first is contract for deed or “rent to own”.  The most notable distinction regarding this financing instrument is that title does not pass to the purchaser until the financing obligations of the contract are fulfilled.  Any improvements to the land made by the purchaser are to the benefit of the title holder, the seller.

 The other financing method is the amortization mortgage loan.  Usually a deposit is required and the remaining balance is paid on a periodic basis according to an amortization schedule.  Payments are generally applied to interest first and then principle.  Early in the schedule most of the periodic payment goes towards interest.  Later in the schedule more and more of the payment goes towards the principle.  Title passes to the buyer and the buyer conveys a security interest to the seller via a mortgage.  As long as the buyer makes the payments according the attendant promissory note, title remains as the buyer’s.  If the buyer defaults on the payments, then mechanisms in the mortgage are triggered and the property is foreclosed; title goes back to the seller.

 Any improvements by the buyer are to the benefit of the buyer, the title holder.  This is an important concept for those land buyers who want to build on their property before the scheduled payoff.

 Currently, all of Wilderness Realty’s land listings can be financed by the amortization mortgage loan method.