Kelly Lane
Property Overview
- Overview: Young Howard Walnuts
- Price: $1,300,000
- Address: Kelly Lane, Chico, CA 95973
- Lot size: 92 + / - acres
Property Details
92 +/- acres just 12 miles north of Chico, within the sought after, Cana / Pine Creek area of which 85 acres are planted to Howard walnuts. The property is located along the south bank of Pine Creek, a seasonal creek. It is improved with (2) irrigation wells and solid set irrigation system.
Location: From Chico travel 12 miles north on Highway 99E, then left on Broyles Road for 2 miles, after crossing Cana Pine Creek Road, continue another .5 mile to the western end of Kelly Lane and arrive at the orchard.
Walnuts: 85 +/- acres of potted VX 211 trees planted in spring of 2020 and grafted to Howard later that fall. These 5-year-old Howard walnuts should have their first harvest in 2026. Tree spacing is 22’ x 26’, 76 trees per acre, irrigation is by solid set system with micro sprinkler at each tree.
Crop: Negotiable.
Water: (2) large irrigation wells with electric motors. At this time, Seller is only utilizing the south well.
Soils:Per Natural Resources Conservation Service, 60% of the soils are 443; Durixerolls-haploxerolls loam, 33% of the soils are 449; Haploxerolls loam.
Zoning: Butte County Parcel Number 047-060-052-000. Zoning is AG-80, 80 acre minimum. Current annual property taxes are $23,799. Future property taxes are estimated at 1.1% of final sale price.
Mineral Rights: Oil, gas and minerals rights owned by Seller are included in the sale.
Depreciation: Improvements such as the trees and irrigation systems may offer deprecation advantages to a prospective Buyer.
Showing: Listing Agent to accompany.
Receivership: This property is listed for sale by court ordered receiver. The sale will require court approval.
Listing Price: $1,300,000, approx. $14,072 per acre using 92.38 deeded acres. Cash to Seller.
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