Young Howard Walnuts

92 Acres – Young Howard Walnuts Kelly Lane, Chico, CA 95973 Property: 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 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. Sam Mudd, California Brokerage License Number 01710463 Cell, 530.949.4054 Bert Owens, California Brokerage License Number 01707128 Cell, 530.524.4900