Noble County, Washington Township, West Noble School District

Located near Ormas, Indiana

Mixture of tillable and wooded land ideal for hunters and outdoor enthusiasts. The surrounding terrain provides optimal conditions—food, water, and cover. This property routinely has a large population of deer and small game.

Asking Price: $530,000

Investigate the opportunity for a potential building site for that cabin or home you’ve always dreamed of owning

Location: 4+ miles west of Wolf Lake on the south side of County Road 200 South (between County Roads 700 W and 800 W) 

Directions: From US 33 on the North edge of Wolf Lake, turn west on County Road 100 S and travel 2.8 miles to County Road 700 West. Turn left (south) and travel 1 mile to County Road 200 S. Turn right (west) and travel ½ mile to the property.

• 15 Miles North of Columbia City
• 17 Miles South of Topeka
• 20 Miles Northeast of Warsaw
• 25 Miles Northwest of Ft Wayne

Wooded Land: Approximately 20± acres of wooded upland hardwood timber. 

Appraisal completed in 2020. Appraised value: $68,000±

Tillable Land: The balance is comprised of tillable land with the predominate soil types consisting of Glynwood and Morley Silt Loams

TIMBER APPRAISAL:

Timber Land and Features 

The wooded area containing commercially valuable timber is about 20 acres. The woodland is upland hardwood timber. The woodland is surrounded by cropland and adjacent woodland. Access to this timber is possible from the north to Noble County Road 200 South. The trees range in diameter from seedling to large sawlog sized stems. Basal area is the cross-sectional area of a tree at breast height. The total basal area in a stand is helpful to determine stand density or growing space. A basal area of 80-100 square feet per acre is considered ideal for good stand development and healthy trees. Higher basal areas can help young stands develop tall straight trees but when the stand matures the greater stocking can result in crowded conditions and stressed trees. Low basal areas can result in fast-growing, but poorly formed trees. The stand is fully stocked, with an estimated overall average basal area of 82 sq. ft./ acre. Although the details of the last harvest are unknown, it appears that a very selective (perhaps "high grade") harvest was performed ten or so years ago. There is no evidence of timber stand improvement or exotic invasive control work. 

Timber Inventory 

On August 10, 2020 a horizontal point sample inventory (10 BAF) of all trees larger than 2" DBH (Diameter Breast Height) at 4.5 feet above the ground was conducted within the wooded stand. The sampling design was created by using sampling software to eliminate bias. Directed by the plot location software, field observations were made of tree species, diameters, number of logs, and veneer log grades for all trees inventoried. Trees that were badly deformed, hollow, or otherwise deemed not marketable were not included in the inventory tally. Field data was submitted to inventory analysis software to create an estimate of volume per species. See attached tables and graphs for the stand described above. 

Valuation 

Assuming a buyer would be interested in purchasing trees of this size, species, quality, and quantity, the appraised stumpage value of all trees 12" DBH and greater in the above-described woodland is Sixty-Eight Thousand Two Hundred and Forty-One dollars ($68,241.00) This value is based on comparable sales and current trends. Because the timber market is highly changeable, the appraised value is not a warranty of future marketing results.