Alden Forest.pdf
ALDEN FOREST Situated just 10 minutes from Warrensburg Village, this property offers a long-term oak and maple investment opportunity with good access to Southern Adirondack snowmobile trails.
300 Acres Warrensburg, Warren County, New York
New Price: $200,000 $195,000
Fountains Land Inc., 1810 Route 9, Suite 2, Lake George, NY 12845 Contact: Todd Waldron ~ [email protected] ~ (518) 668-5880 ~ Cell (518) 926-8734 www.fountainsland.com
LOCATION Alden Forest is a classic blended woodland retreat and long-term timber investment property located in the Warrensburg-Lake George region of New York’s Adirondack Park. The property is tucked privately along the western flank and summit of Hemlock Ridge, a prominent mountain that is situated within an unbroken forested landscape between Warrensburg and Lake George Village. The nearby communities of Warrensburg and Lake George are popular summer vacation destinations as well as great places to live, work and recreate. Warrensburg is well known for its historic Victorian residences, boutique antique shops and The World’s Largest Garage Sale which occurs annually each October.
Warrensburg Village is a key gateway to the Adirondacks and is situated within 10 minutes of the property.
Interstate 87, also known as the Adirondack Northway, is situated within 5 miles of the property, providing easy access to regional population centers and amenities in: Saratoga Springs (40 minutes to the south), Glens Falls (25 minutes to the southeast) and Albany (60 miles south). New York City and Boston are a 4-hour drive to the south and east respectively.
ACCESS Entry to the property is provided by a 3,500’ gravel right-ofway road that originates at Alden Avenue to the west and enters the land’s northwestern corner. This road traverses mostly gentle slopes and provides good access for highclearance vehicles. Immediately upon entering the property, a small clearing facilitates an economically feasible site for camp development. From this point, the road transitions into a wellestablished network of trails that offer good internal access to over two-thirds of the property, including the summit of Hemlock Ridge. Utilities are located along Alden Avenue. During the winter months, the entire length of the access road becomes part of the South Warren Snowmobile Club trail system, a county-organized group that offers over 100 miles of trails connecting the Glens Falls region with Warrensburg. This vast network is integrated with snowmobile club trails to the north, and provides access to hundreds of miles of additional trails into the central Adirondack regions of Speculator and Long Lake.
BOUNDARIES
The right-of-way road becomes part of the local snowmobile trail network during the winter months, widening four season recreation options for outdoor enthusiasts.
Boundaries in the field are reasonably well-maintained and exist as red painted blazes. The total boundary perimeter is two and three quarter miles, encompassing nearly a half square mile in area. The estimate of 300± acres for the property, as well as maps in this report, are based on tax map information. These maps are NOT survey accurate and thus acreages may be unreliable. Although the maps provided in this report are believed to be reasonably accurate, buyers should not rely on these maps to precisely portray deeded boundary lines in the field.
Fountains Land Inc — Specializing in the sale of forestland and rural estates.
SITE DESCRIPTION Alden Forest’s long views, private cabin options, and year-round recreational opportunities are shaped by its position along the slopes and summit, encompassing nearly all of Hemlock Ridge (elevation 1,722’). Future cabin development is wellsuited to the gently-sloping hardwood bowl area that makes up the western third of the property. There are several potential sites within close proximity of the access road offering warm afternoon sunlight and gentle terrain. The ridge top area’s diverse topography offers level plateau areas, rock outcrops, and long vistas of Phoebe, Black Spruce, and Prospect Mountains. This ridge area is accessed from the west by an internal trail network that tracks along Views from the summit area of Hemlock Ridge from an ATV trail the height of ground in a north-south that winds along the height of ground. direction. Complementing the parcel’s private open space and diverse recreational attributes is the opportunity to access over 2,000 acres of adjoining New York State Forest Preserve lands to the south and west. This expansive open space stretches over 2.5 miles to the Hudson River and offers vast opportunity for additional hiking, hunting and fishing.
TIMBER The timber information used in this report is based on an inventory conducted by Fountain Forestry, Inc. in June 2007, using random point sampling with 62 BAF 10 factor points taken, producing an average sampling error @95% C.I. of ±16.47% for all products. Volumes have been adjusted for annual growth since this timeframe using 2.5% for sawlog products and 1.5% for pulpwood products. From this data, Fountains rough estimate of Capital Timber Value (CTV) is $144,300 or $479/ acre. Timber data is summarized on the attached Timber Valuation. Broadly, the forest can be categorized into two timber types. The first type is a northern hardwood stand which was harvested in 2007 and located on productive, well-drained till soils on mid-slope and ridge-top sites (roughly 175 acres). The second broad timber type consists of large-diameter, mixed-wood stands situated on steep, shallower, less-productive soils on the eastern slopes of the property (roughly 125 acres).
Rocky outcrops and open areas on the summit of Hemlock Ridge offer a private recreational canvas for hiking, photography and enjoying nature.
Fountains Land Inc — Specializing in the sale of forestland and rural estates.
TIMBER (continued) Forest-wide, species composition is dominated by northern hardwoods (77% of total volume) with primary species include sugar maple (23% of total volume), beech (21%), hemlock (17%) and red oak (16%). Of the total tract acreage, 255 acres or 85% of the land is designated as commercially operable. Within the harvested northern hardwood area, the timber resource is generally pole-sized with good stem quality and crown vigor in the sugar maples. Average diameter (measured at breast height) is 9”. Stem quality, diameter size class, and favorable species composition combine to provide good long-term timber appreciation opportunity over the next two decades. The western section of the property has not seen timber harvesting in recent years and its resource is dominated by larger red oak and white pine stems. Opportunity for harvesting exists here upon negotiating access with the neighboring property owner to the east along Old Stage Road (the traditional access route for this area). Sawlog volume by species is dominated by a mix of quality northern hardwoods such as red oak (40%), red maple (8%) and white ash/yellow birch (8%). White Pine is the most popular softwood saw timber species at 14% of total sawlog volume. By value, red oak and sugar maple lead the way and represent 75% of all saw timber value. These two species are historically strong performers and therefore are highly desirable to include in a US Northeast timberland portfolio.
The property’s oak- and maple-dominated timber resource represents nearly 70% of the land’s asking price and firmly anchors its longterm investment potential.
TAXES, TITLE and ZONING Total property taxes in 2013 were $1,067. The property IS enrolled under the State of New York’s 480-A tax program, which significantly reduces the annual tax burden. Fore more information about 480-A, contact Fountains Real Estate or the Department of Environmental Conservation office located in Ray Brook, NY (518) 897-1283. The Adirondack Park Association zoning is ‘Resource Management’ which allows for 42.7 acre lots/structure with the necessary permit approvals. The property is owned by Voyager Advisors, LLC, whose deeds for the tract are recorded in the Warren County Clerks Office, Lake George, NY in Book 3498 Page 311. Tax map information is maintained in the Warren County Real Property Tax Office as per Warrensburg Tax Map # 249.-1-56.
Fountains Land Inc — Specializing in the sale of forestland and rural estates.
TIMBER GRAPHICS Hardwood vs Softwood as a Percentage of Total Volume Softwood 23%
Hardwood 77%
Total Volume by Species White Pine 5% Red Maple 7%
Yellow Birch 3%
Sugar Maple 21%
All Others 10%
Red Oak 19%
Beech 17%
Hemlock 18%
Sawlog Volume by Species Beech/ Basswood 8% White Ash/ Yellow Birch 8%
All Others 6% Red Oak 40%
Red Maple 8%
White Pine 14% Sugar Maple 16%
Fountains Land Inc. is the exclusive broker representing the seller's interest in the marketing, negotiating and sale of this property. Fountains has an ethical and legal obligation to show honesty and fairness to the buyer. The buyer may retain brokers to represent their interests. All measurements are given as a guide, and no liability can be accepted for any errors arising therefrom. No responsibility is taken for any other error, omission, or misstatement in these particulars, nor do they constitute an offer or a contract. We do not make or give, whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to the property.
Fountains Land Inc — Specializing in the sale of forestland and rural estates.
TIMBER VALUATION
ALDEN FOREST Timber Valuation Prepared By
FOUNTAINS FORESTRY INCORPORATED Warrensburg, Warren County, NY July 2007
Species
301 Acres 255 Commercial Acres
Volume
Unit Price Range
Total Value
Low
High
Likely
165 60 71 37 9 15 68 20 16 8 3 12 9
275.00 350.00 90.00 110.00 300.00 200.00 30.00 90.00 80.00 80.00 70.00 25.00 25.00
375.00 400.00 120.00 145.00 400.00 250.00 50.00 120.00 100.00 100.00 90.00 35.00 35.00
360.00 375.00 100.00 135.00 375.00 235.00 50.00 110.00 90.00 100.00 80.00 30.00 30.00
59,300 22,600 7,100 5,000 3,500 3,500 3,400 2,200 1,500 800 300 300 300
2,164 688 36
8.00 10.00 4.00
12.00 14.00 6.00
12.00 12.00 5.00
26,000 8,300 200
MBF/CD
Likely
Sawtimber - MBF (International 1/4") Red Oak Sugar Maple White Pine Red Maple Black Cherry Yellow Birch Pallet / Grade 3 White Ash Basswood Spruce/Fir White Birch Beech Aspen
Pulpwood - Cords Hardwoods Hemlock Pine
Totals Sawtimber Total Sawtimber Per Acre Sawtimber Per Comm. Acre
494 1.641 1.937
MBF MBF MBF
Cordwood Total Cordwood Per Acre Cordwood Per Comm. Acre
2,888 9.6 11.3
Cords Cords Cords
$109,800 $365 $431
Total Per Acre
Total Value
Low $129,000
High $148,000
$34,500 $115 $135 $479
Likely $144,300
BASED ON JUNE 2007 INVENTORY CRUISE BY FOUNTAIN FORESTRY ADJUSTED FOR 6 YRS GROWTH USING 2.5% FOR SAWTIMBER AND 1.5% FOR PULPWOOD PRODUCTS
The volumes and values reflect estimated total capital value of merchantable timber. 62 BAF 10 Plots - SE of +/-16.47% for all products at the 95% CL The volumes and values are not a liquidation value. Prices are averages for the area and are adjusted to reflect, access, quality and operability of the site.
Fountains Land Inc — Specializing in the sale of forestland and rural estates.
fountains
Locus Map
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Map produced from the best available information including town tax maps, hand held GPS data, aerial photography and reference information obtained from NYS GIS Clearinghouse. Boundary lines portrayed on this map are approximate and could be different than the actual location of boundaries found in the field.
fountains
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Feet
New York State DEPARTMENT OF STATE Division of Licensing Services P.O. Box 22001 Albany, NY 12201-2001
Customer Service: (518) 474-4429 Fax: (518) 473-6648 Web site: www.dos.state.ny.us
New York State Disclosure Form for Buyer and Seller
THIS IS NOT A CONTRACT New York State law requires real estate licensees who are acting as agents of buyers and sellers of property to advise the potential buyers and sellers with whom they work of the nature of their agency relationship and the rights and obligations it creates. This disclosure will help you to make informed choices about your relationship with the real estate broker and its sales associates. Throughout the transaction you may receive more than one disclosure form. The law requires each agent assisting in the transaction to present you with this disclosure form. A real estate agent is a person qualified to advise about real estate. If you need legal, tax or other advice, consult with a professional in that field.
Disclosure Regarding Real Estate Agency Relationships Seller’s Agent A seller’s agent is an agent who is engaged by a seller to represent the seller’s interest. The seller’s agent does this by securing a buyer for the seller’s home at a price and on terms acceptable to the seller. A seller’s agent has, without limitation, the following fiduciary duties to the seller: reasonable care, undivided loyalty, confidentiality, full disclosure, obedience and duty to account. A seller’s agent does not represent the interests of the buyer. The obligations of a seller’s agent are also subject to any specific provisions set forth in an agreement between the agent and the seller. In dealings with the buyer, a seller’s agent should (a) exercise reasonable skill and care in performance of the agent’s duties; (b) deal honestly, fairly and in good faith; and (c) disclose all facts known to the agent materially affecting the value or desirability of property, except as otherwise provided by law.
Buyer’s Agent A buyer’s agent is an agent who is engaged by a buyer to represent the buyer’s interest. The buyer’s agent does this DOS 1736 (Rev. 3/08)
by negotiating the purchase of a home at a price and on terms acceptable to the buyer. A buyer’s agent has, without limitation, the following fiduciary duties to the buyer: reasonable care, undivided loyalty, confidentiality, full disclosure, obedience and duty to account. A buyer’s agent does not represent the interest of the seller. The obligations of a buyer’s agent are also subject to any specific provisions set forth in an agreement between the agent and the buyer. In dealings with the seller, a buyer’s agent should (a) exercise reasonable skill and care in performance of the agent’s duties; (b) deal honestly, fairly and in good faith; and (c) disclose all facts known to the agent materially affecting the buyer’s ability and/or willingness to perform a contract to acquire seller’s property that are not inconsistent with the agent’s fiduciary duties to the buyer.
Broker’s Agents A broker’s agent is an agent that cooperates or is engaged by a listing agent or a buyer’s agent (but does not work for the same firm as the listing agent or buyer’s agent) to assist the listing agent or buyer’s agent in locating a property to sell or buy, respectively, for the listing agent’s seller or the buyer agent’s buyer. The broker’s agent does not have a direct relationship with the buyer or seller and the buyer or seller can not provide instructions or direction directly to the broker’s agent. The buyer and the seller therefore do not have vicarious liability for the acts of the broker’s agent. The listing agent or buyer’s agent do provide direction and instruction to the broker’s agent and therefore the listing agent or buyer’s agent will have liability for the acts of the broker’s agent.
Dual Agent A real estate broker may represent both the buyer and seller if both the buyer and seller give their informed consent in writing. In such a dual agency situation, the agent will not be able to provide the full range of fiduciary duties to the buyer and seller. The obligations of an agent are also subject to any specific provisions set forth in an agreement between
the agent, and the buyer and seller. An agent acting as a dual agent must explain carefully to both the buyer and seller that the agent is acting for the other party as well. The agent should also explain the possible effects of dual representation, including that by consenting to the dual agency relationship the buyer and seller are giving up their right to undivided loyalty. A buyer or seller should carefully consider the possible consequences of a dual agency relationship before agreeing to such representation.
Dual Agent with Designated Sales Agents If the buyer and seller provide their informed consent in writing, the principals and the real estate broker who represents both parties as a dual agent may designate a sales agent to represent the buyer and another sales agent to represent the seller to negotiate the purchase and sale of real
estate. A sales agent works under the supervision of the real estate broker. With the informed consent of the buyer and the seller in writing, the designated sales agent for the buyer will function as the buyer’s agent representing the interests of and advocating on behalf of the buyer and the designated sales agent for the seller will function as the seller’s agent representing the interests of and advocating on behalf of the seller in the negotiations between the buyer and seller. A designated sales agent cannot provide the full range of fiduciary duties to the buyer or seller. The designated sales agent must explain that like the dual agent under whose supervision they function, they cannot provide undivided loyalty. A buyer or seller should carefully consider the possible consequences of a dual agency relationship with designated sales agents before agreeing to such representation.
This form was provided to me by Todd Waldron
(print name of licensee) of
Fountains Land
(print name of company, firm or brokerage), a licensed real estate broker acting in the interest of the: ( X ) Seller as a (check relationship below)
(
) Buyer as a (check relationship below)
( X ) Seller’s agent
(
) Buyer’s agent
(
(
) Broker’s agent
) Broker’s agent (
) Dual agent
(
) Dual agent with designated sales agent
If dual agent with designated sales agents is checked: and
is appointed to represent the buyer;
is appointed to represent the seller in this transaction.
I/We
acknowledge receipt of a copy of this disclosure form:
signature of { } Buyer(s) and/or { } Seller(s):
Date:
DOS 1736 (Rev. 3/08)
Date:
300 Acres Warrensburg, Warren County, New York
New Price: $200,000 $195,000
Fountains Land Inc., 1810 Route 9, Suite 2, Lake George, NY 12845 Contact: Todd Waldron ~ [email protected] ~ (518) 668-5880 ~ Cell (518) 926-8734 www.fountainsland.com
LOCATION Alden Forest is a classic blended woodland retreat and long-term timber investment property located in the Warrensburg-Lake George region of New York’s Adirondack Park. The property is tucked privately along the western flank and summit of Hemlock Ridge, a prominent mountain that is situated within an unbroken forested landscape between Warrensburg and Lake George Village. The nearby communities of Warrensburg and Lake George are popular summer vacation destinations as well as great places to live, work and recreate. Warrensburg is well known for its historic Victorian residences, boutique antique shops and The World’s Largest Garage Sale which occurs annually each October.
Warrensburg Village is a key gateway to the Adirondacks and is situated within 10 minutes of the property.
Interstate 87, also known as the Adirondack Northway, is situated within 5 miles of the property, providing easy access to regional population centers and amenities in: Saratoga Springs (40 minutes to the south), Glens Falls (25 minutes to the southeast) and Albany (60 miles south). New York City and Boston are a 4-hour drive to the south and east respectively.
ACCESS Entry to the property is provided by a 3,500’ gravel right-ofway road that originates at Alden Avenue to the west and enters the land’s northwestern corner. This road traverses mostly gentle slopes and provides good access for highclearance vehicles. Immediately upon entering the property, a small clearing facilitates an economically feasible site for camp development. From this point, the road transitions into a wellestablished network of trails that offer good internal access to over two-thirds of the property, including the summit of Hemlock Ridge. Utilities are located along Alden Avenue. During the winter months, the entire length of the access road becomes part of the South Warren Snowmobile Club trail system, a county-organized group that offers over 100 miles of trails connecting the Glens Falls region with Warrensburg. This vast network is integrated with snowmobile club trails to the north, and provides access to hundreds of miles of additional trails into the central Adirondack regions of Speculator and Long Lake.
BOUNDARIES
The right-of-way road becomes part of the local snowmobile trail network during the winter months, widening four season recreation options for outdoor enthusiasts.
Boundaries in the field are reasonably well-maintained and exist as red painted blazes. The total boundary perimeter is two and three quarter miles, encompassing nearly a half square mile in area. The estimate of 300± acres for the property, as well as maps in this report, are based on tax map information. These maps are NOT survey accurate and thus acreages may be unreliable. Although the maps provided in this report are believed to be reasonably accurate, buyers should not rely on these maps to precisely portray deeded boundary lines in the field.
Fountains Land Inc — Specializing in the sale of forestland and rural estates.
SITE DESCRIPTION Alden Forest’s long views, private cabin options, and year-round recreational opportunities are shaped by its position along the slopes and summit, encompassing nearly all of Hemlock Ridge (elevation 1,722’). Future cabin development is wellsuited to the gently-sloping hardwood bowl area that makes up the western third of the property. There are several potential sites within close proximity of the access road offering warm afternoon sunlight and gentle terrain. The ridge top area’s diverse topography offers level plateau areas, rock outcrops, and long vistas of Phoebe, Black Spruce, and Prospect Mountains. This ridge area is accessed from the west by an internal trail network that tracks along Views from the summit area of Hemlock Ridge from an ATV trail the height of ground in a north-south that winds along the height of ground. direction. Complementing the parcel’s private open space and diverse recreational attributes is the opportunity to access over 2,000 acres of adjoining New York State Forest Preserve lands to the south and west. This expansive open space stretches over 2.5 miles to the Hudson River and offers vast opportunity for additional hiking, hunting and fishing.
TIMBER The timber information used in this report is based on an inventory conducted by Fountain Forestry, Inc. in June 2007, using random point sampling with 62 BAF 10 factor points taken, producing an average sampling error @95% C.I. of ±16.47% for all products. Volumes have been adjusted for annual growth since this timeframe using 2.5% for sawlog products and 1.5% for pulpwood products. From this data, Fountains rough estimate of Capital Timber Value (CTV) is $144,300 or $479/ acre. Timber data is summarized on the attached Timber Valuation. Broadly, the forest can be categorized into two timber types. The first type is a northern hardwood stand which was harvested in 2007 and located on productive, well-drained till soils on mid-slope and ridge-top sites (roughly 175 acres). The second broad timber type consists of large-diameter, mixed-wood stands situated on steep, shallower, less-productive soils on the eastern slopes of the property (roughly 125 acres).
Rocky outcrops and open areas on the summit of Hemlock Ridge offer a private recreational canvas for hiking, photography and enjoying nature.
Fountains Land Inc — Specializing in the sale of forestland and rural estates.
TIMBER (continued) Forest-wide, species composition is dominated by northern hardwoods (77% of total volume) with primary species include sugar maple (23% of total volume), beech (21%), hemlock (17%) and red oak (16%). Of the total tract acreage, 255 acres or 85% of the land is designated as commercially operable. Within the harvested northern hardwood area, the timber resource is generally pole-sized with good stem quality and crown vigor in the sugar maples. Average diameter (measured at breast height) is 9”. Stem quality, diameter size class, and favorable species composition combine to provide good long-term timber appreciation opportunity over the next two decades. The western section of the property has not seen timber harvesting in recent years and its resource is dominated by larger red oak and white pine stems. Opportunity for harvesting exists here upon negotiating access with the neighboring property owner to the east along Old Stage Road (the traditional access route for this area). Sawlog volume by species is dominated by a mix of quality northern hardwoods such as red oak (40%), red maple (8%) and white ash/yellow birch (8%). White Pine is the most popular softwood saw timber species at 14% of total sawlog volume. By value, red oak and sugar maple lead the way and represent 75% of all saw timber value. These two species are historically strong performers and therefore are highly desirable to include in a US Northeast timberland portfolio.
The property’s oak- and maple-dominated timber resource represents nearly 70% of the land’s asking price and firmly anchors its longterm investment potential.
TAXES, TITLE and ZONING Total property taxes in 2013 were $1,067. The property IS enrolled under the State of New York’s 480-A tax program, which significantly reduces the annual tax burden. Fore more information about 480-A, contact Fountains Real Estate or the Department of Environmental Conservation office located in Ray Brook, NY (518) 897-1283. The Adirondack Park Association zoning is ‘Resource Management’ which allows for 42.7 acre lots/structure with the necessary permit approvals. The property is owned by Voyager Advisors, LLC, whose deeds for the tract are recorded in the Warren County Clerks Office, Lake George, NY in Book 3498 Page 311. Tax map information is maintained in the Warren County Real Property Tax Office as per Warrensburg Tax Map # 249.-1-56.
Fountains Land Inc — Specializing in the sale of forestland and rural estates.
TIMBER GRAPHICS Hardwood vs Softwood as a Percentage of Total Volume Softwood 23%
Hardwood 77%
Total Volume by Species White Pine 5% Red Maple 7%
Yellow Birch 3%
Sugar Maple 21%
All Others 10%
Red Oak 19%
Beech 17%
Hemlock 18%
Sawlog Volume by Species Beech/ Basswood 8% White Ash/ Yellow Birch 8%
All Others 6% Red Oak 40%
Red Maple 8%
White Pine 14% Sugar Maple 16%
Fountains Land Inc. is the exclusive broker representing the seller's interest in the marketing, negotiating and sale of this property. Fountains has an ethical and legal obligation to show honesty and fairness to the buyer. The buyer may retain brokers to represent their interests. All measurements are given as a guide, and no liability can be accepted for any errors arising therefrom. No responsibility is taken for any other error, omission, or misstatement in these particulars, nor do they constitute an offer or a contract. We do not make or give, whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to the property.
Fountains Land Inc — Specializing in the sale of forestland and rural estates.
TIMBER VALUATION
ALDEN FOREST Timber Valuation Prepared By
FOUNTAINS FORESTRY INCORPORATED Warrensburg, Warren County, NY July 2007
Species
301 Acres 255 Commercial Acres
Volume
Unit Price Range
Total Value
Low
High
Likely
165 60 71 37 9 15 68 20 16 8 3 12 9
275.00 350.00 90.00 110.00 300.00 200.00 30.00 90.00 80.00 80.00 70.00 25.00 25.00
375.00 400.00 120.00 145.00 400.00 250.00 50.00 120.00 100.00 100.00 90.00 35.00 35.00
360.00 375.00 100.00 135.00 375.00 235.00 50.00 110.00 90.00 100.00 80.00 30.00 30.00
59,300 22,600 7,100 5,000 3,500 3,500 3,400 2,200 1,500 800 300 300 300
2,164 688 36
8.00 10.00 4.00
12.00 14.00 6.00
12.00 12.00 5.00
26,000 8,300 200
MBF/CD
Likely
Sawtimber - MBF (International 1/4") Red Oak Sugar Maple White Pine Red Maple Black Cherry Yellow Birch Pallet / Grade 3 White Ash Basswood Spruce/Fir White Birch Beech Aspen
Pulpwood - Cords Hardwoods Hemlock Pine
Totals Sawtimber Total Sawtimber Per Acre Sawtimber Per Comm. Acre
494 1.641 1.937
MBF MBF MBF
Cordwood Total Cordwood Per Acre Cordwood Per Comm. Acre
2,888 9.6 11.3
Cords Cords Cords
$109,800 $365 $431
Total Per Acre
Total Value
Low $129,000
High $148,000
$34,500 $115 $135 $479
Likely $144,300
BASED ON JUNE 2007 INVENTORY CRUISE BY FOUNTAIN FORESTRY ADJUSTED FOR 6 YRS GROWTH USING 2.5% FOR SAWTIMBER AND 1.5% FOR PULPWOOD PRODUCTS
The volumes and values reflect estimated total capital value of merchantable timber. 62 BAF 10 Plots - SE of +/-16.47% for all products at the 95% CL The volumes and values are not a liquidation value. Prices are averages for the area and are adjusted to reflect, access, quality and operability of the site.
Fountains Land Inc — Specializing in the sale of forestland and rural estates.
fountains
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Map produced from the best available information including town tax maps, hand held GPS data, aerial photography and reference information obtained from NYS GIS Clearinghouse. Boundary lines portrayed on this map are approximate and could be different than the actual location of boundaries found in the field.
fountains
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Feet
New York State DEPARTMENT OF STATE Division of Licensing Services P.O. Box 22001 Albany, NY 12201-2001
Customer Service: (518) 474-4429 Fax: (518) 473-6648 Web site: www.dos.state.ny.us
New York State Disclosure Form for Buyer and Seller
THIS IS NOT A CONTRACT New York State law requires real estate licensees who are acting as agents of buyers and sellers of property to advise the potential buyers and sellers with whom they work of the nature of their agency relationship and the rights and obligations it creates. This disclosure will help you to make informed choices about your relationship with the real estate broker and its sales associates. Throughout the transaction you may receive more than one disclosure form. The law requires each agent assisting in the transaction to present you with this disclosure form. A real estate agent is a person qualified to advise about real estate. If you need legal, tax or other advice, consult with a professional in that field.
Disclosure Regarding Real Estate Agency Relationships Seller’s Agent A seller’s agent is an agent who is engaged by a seller to represent the seller’s interest. The seller’s agent does this by securing a buyer for the seller’s home at a price and on terms acceptable to the seller. A seller’s agent has, without limitation, the following fiduciary duties to the seller: reasonable care, undivided loyalty, confidentiality, full disclosure, obedience and duty to account. A seller’s agent does not represent the interests of the buyer. The obligations of a seller’s agent are also subject to any specific provisions set forth in an agreement between the agent and the seller. In dealings with the buyer, a seller’s agent should (a) exercise reasonable skill and care in performance of the agent’s duties; (b) deal honestly, fairly and in good faith; and (c) disclose all facts known to the agent materially affecting the value or desirability of property, except as otherwise provided by law.
Buyer’s Agent A buyer’s agent is an agent who is engaged by a buyer to represent the buyer’s interest. The buyer’s agent does this DOS 1736 (Rev. 3/08)
by negotiating the purchase of a home at a price and on terms acceptable to the buyer. A buyer’s agent has, without limitation, the following fiduciary duties to the buyer: reasonable care, undivided loyalty, confidentiality, full disclosure, obedience and duty to account. A buyer’s agent does not represent the interest of the seller. The obligations of a buyer’s agent are also subject to any specific provisions set forth in an agreement between the agent and the buyer. In dealings with the seller, a buyer’s agent should (a) exercise reasonable skill and care in performance of the agent’s duties; (b) deal honestly, fairly and in good faith; and (c) disclose all facts known to the agent materially affecting the buyer’s ability and/or willingness to perform a contract to acquire seller’s property that are not inconsistent with the agent’s fiduciary duties to the buyer.
Broker’s Agents A broker’s agent is an agent that cooperates or is engaged by a listing agent or a buyer’s agent (but does not work for the same firm as the listing agent or buyer’s agent) to assist the listing agent or buyer’s agent in locating a property to sell or buy, respectively, for the listing agent’s seller or the buyer agent’s buyer. The broker’s agent does not have a direct relationship with the buyer or seller and the buyer or seller can not provide instructions or direction directly to the broker’s agent. The buyer and the seller therefore do not have vicarious liability for the acts of the broker’s agent. The listing agent or buyer’s agent do provide direction and instruction to the broker’s agent and therefore the listing agent or buyer’s agent will have liability for the acts of the broker’s agent.
Dual Agent A real estate broker may represent both the buyer and seller if both the buyer and seller give their informed consent in writing. In such a dual agency situation, the agent will not be able to provide the full range of fiduciary duties to the buyer and seller. The obligations of an agent are also subject to any specific provisions set forth in an agreement between
the agent, and the buyer and seller. An agent acting as a dual agent must explain carefully to both the buyer and seller that the agent is acting for the other party as well. The agent should also explain the possible effects of dual representation, including that by consenting to the dual agency relationship the buyer and seller are giving up their right to undivided loyalty. A buyer or seller should carefully consider the possible consequences of a dual agency relationship before agreeing to such representation.
Dual Agent with Designated Sales Agents If the buyer and seller provide their informed consent in writing, the principals and the real estate broker who represents both parties as a dual agent may designate a sales agent to represent the buyer and another sales agent to represent the seller to negotiate the purchase and sale of real
estate. A sales agent works under the supervision of the real estate broker. With the informed consent of the buyer and the seller in writing, the designated sales agent for the buyer will function as the buyer’s agent representing the interests of and advocating on behalf of the buyer and the designated sales agent for the seller will function as the seller’s agent representing the interests of and advocating on behalf of the seller in the negotiations between the buyer and seller. A designated sales agent cannot provide the full range of fiduciary duties to the buyer or seller. The designated sales agent must explain that like the dual agent under whose supervision they function, they cannot provide undivided loyalty. A buyer or seller should carefully consider the possible consequences of a dual agency relationship with designated sales agents before agreeing to such representation.
This form was provided to me by Todd Waldron
(print name of licensee) of
Fountains Land
(print name of company, firm or brokerage), a licensed real estate broker acting in the interest of the: ( X ) Seller as a (check relationship below)
(
) Buyer as a (check relationship below)
( X ) Seller’s agent
(
) Buyer’s agent
(
(
) Broker’s agent
) Broker’s agent (
) Dual agent
(
) Dual agent with designated sales agent
If dual agent with designated sales agents is checked: and
is appointed to represent the buyer;
is appointed to represent the seller in this transaction.
I/We
acknowledge receipt of a copy of this disclosure form:
signature of { } Buyer(s) and/or { } Seller(s):
Date:
DOS 1736 (Rev. 3/08)
Date:
