Wisconsin, Land, Retreat, Timber Investment, Paradise.
FOR SALE – Cameo Rose is a Southern Wisconsin, land, retreat, timber, investment, paradise. Oops, we forgot “goldmine”, Bed and Breakfast, hunting land and “genuine getaway” located on 120 scenic acres between Madison WI and New Glarus WI – America’s Little Switzerland.
Brian, from a Bellevue, Iowa hardwood mill said, we are “sitting on a goldmine” and we have the best cared for Black Walnut forest he has ever seen.
If you buy it all, it should pay you back over 30 years in Black Walnut and hardwood timber sales and old growth harvest and B&B Inn income. See the website on Growing Walnut Trees for Profit by Craig Wallin. And, you would still have the Home/Inn, the land, a regenerating forest and deer and wild turkeys. Future land development is extra – we are just a mile SE of Fitchburg.
We are looking for a buyer or buyers or corporation that can afford to enjoy their own paradise and have the vision to recognize the value of our property.
If you have the money and are interested in buying, come and stay for a couple days and look it over. See CameoRose.com. If you are really, really interested and want to see the entire house and walk all the trails to see the trails, forest plantations and land arrangement – arrange a showing time and bring a Bank letter saying you have the funds to purchase.
Dawn & Gary Bahr, owners, 1090 Severson Rd, Belleville, WI 53508 Phone 608-424-6340. EMAIL
THE PACKAGE PRICE: Home and 120 Acres = $1,989,000.
TREE RIGHTS: At this $1,989,000 price, seller retains the rights to the trees, access to harvest and harvest proceeds etc by contract.
Buyer may purchase the tree rights during purchase of the real estate for $265,000.
See picture(s) on all pages of CAMEOROSE.COM and at ZILLOW.COM for 1090 Severson Road, Belleville, WI.
MAKE CAMEO ROSE YOUR STORY
Dawn and Gary Bahr bought a farm in 1989 and are now thinking about retirement. That means selling the Cameo Rose Victorian Country Inn and farm. We would like to stay forever, or at least until we can harvest the Black Walnut trees during the next 10, 15 and 30 years, and possibly sub-divide the land into lots thereafter or grow more black Walnut trees – if only our aging could be stopped or reversed. We love it here. We could stay forever unless some younger person(s) or corporation has the same vision.
After Gary retired from banking and real estate and Dawn retired from auto leasing administration, we built our home and bed and breakfast in 1991 and added a privacy addition in 1994.
In 1994, we planted 32,000 pine and hardwood seedlings (16,000 each in every other row) on 52+ acres and entered a Managed Forest Land program in 1997 on 80 acres of woods.
THE PERFECT PLAN = The goal was to have a very nice home in a beautiful setting (the Paradise), run a bed and breakfast for income (the retreat) and deduct depreciation and expenses to protect most of that B&B income from taxes, wait for the Black Walnut Trees to mature (the “Goldmine”) in 15 and 30 more years or in about 2033 and 2048 (Gary will be 105) and wait for Fitchburg or Verona to grow to our land and possibly subdivide in the same 30 years after most of the Black Walnut trees are harvested. However, the forest does keep regenerating and keep growing the trees forever that may pay even greater dividends.
WHAT DO YOU GET FOR THE PURCHASE PRICE?
1. THE PERFECT LOCATION:
Cameo Rose is located at 1090 Severson Road, Belleville, WI. 53508. It is located 4 miles north of Belleville, 10 minutes south of vibrant Madison’s SW corner, 3 miles south of Historic Paoli, a couple miles southwest of Fitchburg’s SW corner, 20 minutes south of Middleton, 15 minutes NE of New Glarus (Little Switzerland), 10 minutes south of Verona (home of Epic Systems) and 20 minutes SE of Mount Horeb (Little Norway).
2. THE WISCONSIN RETREAT / HOME / INN / GETAWAY:
Our home and B&B was built by local builder, Joe Buol & Sons, in 1991 with a privacy addition added in 1994. The custom builder used fine materials including oak Morgan Doors from Oshkosh, WI and Anderson Windows.
The home is about 7000 or more square feet of finished space – including garage, plus 2-story and cathedral ceiling areas. Ideal for a corporate retreat or personal retreat, a large or extended family home and office or bed and breakfast.
The home/inn could divide perfectly into 2 separate areas for extended family use if desired.
The basement Gazebo room could be used as a future 2nd kitchen/dining area or additional bedroom. Plumbing and electrical for a washer & dryer is in back furnace room. Home would divide easily between the 1991 and 1994 portions at the Gazebo Sunroom.
One bedroom could be an office, complete with bath.
Cost to build this quality custom home today (2018) would likely exceed $200 per square feet or about $1,400,000 or more with the sq ft of cathedral and raise ceiling areas. Add $200,000 for about a 6-acre scenic and landscaped lot and mature trees + septic + well + pond + gazebos + pergolas + patios + brick and stone sidewalks. You get a lot of home in our price.
The total savings on the home and land value will allow the buyer to make any desired change in the home. Don’t like the carpet, lace curtains or Wallpaper – all easily replaced. Don’t like Victorian trim – just take it down. ETC. Want a huge Living room – combine the LR & DR and use the Library as a dining room with fireplace.
3. The WISCONSIN LAND, TIMBER INVESTMENT, PARADISE, “GOLD MINE”:
TOTAL ACRES = 120 scenic Wisconsin acres, more or less, with miles of mowed trails that wind through the hills, valleys, trees and rock formations; plus another mile long trail along both sides of the driveway.
52.39 CRP ACRES of New Growth Woods are in CRP paying $122.25 per acre or $6505 per year. The CRP contract expires 9/30/2023. This New Growth Woods is part of the MFL lands below. In 1994, we planted 6000 Black Walnut trees, 8,000 oaks, 2000 Maples and 16,000 pines.
The pines can be harvested anytime while retaining some pines for scenic purposes. Most pines have died or will die as the hardwood canopy shades them out.
The Walnuts and hardwoods are the “goldmine” or an investment projected to be worth millions in future years. The first harvest will be about 2033 and will thin-for-profit trees and improve future growth of remaining Walnuts and hardwoods for a big-profit-harvest in about 2048.
4. THE TIMBER RIGHTS:
Tree and timber rights are included in the home and land price of $2,253,000 price. The seller would retain the Timber Harvest Rights at the $1,989,000 price.
See website on Growing Walnut Trees for Profit. Black Walnut logs bring premium prices, and have since the 1700s, with single trees bringing up to $20,000 if veneer quality. Our trees have had the lower branches removed to increase the amount of veneer quality. Bruce Thompson, author of “Black Walnut For Profit,” estimate a mature stand of black walnut trees can bring $100,000 per acre in timber value alone depending on number and quality of the trees. We have 52 acres of Black Walnut and Hardwoods. Even half that value would be great!
Harvesting or thinning of 24″ + Black Walnut trees can begin in about 2033 and full growth maturity in about 2050. Both harvests should be very profitable.
Meanwhile new trees are growing for future harvests. Re-forestation of hardwoods is an additional benefit throughout the future.
5. THE 28 ACRES OF OLD GROWTH TIMBER:
There are about 28 acres of Old Growth Timber along a horseshoe ridge. It can be thinned soon to allow more growth of desired hardwoods and the new Walnut trees squirrels are planting in the old growth hillside. The Old Growth is part of the Managed Forest Lands.
In December, 31, 2021 the MFL will expire and a clear-cut harvest could be possible and best for establishing a strong regrowth of the old hardwoods (oak, cherry, hickory. Black Walnut etc) on the Old Growth Hillside. Estimated verbal clear-cut value in late 2018 by timber mill of the 30 acres of old growth is $3600-$4000 per acre or about $108,000 to $120,000. Clear-cut is not necessary and many mature trees could be left for seeding and beauty.
6. THE 35 ACRES OF TILLABLE LAND:
THIS LAND is currently rented for $150.00 per acre to a neighbor. The rate is low. It helps pay the taxes. The cropland is in two fields with woods in between where a future building site may be located on the West 40 acres of the property. Cropland could be planted with hardwoods or other profitable trees or 1 crop field might make a great area for horses and the other field might make a great pond area for viewing from a potential building site in the 8-10 acres of pines and hardwoods between the two fields. Or, profitable trees could be planted on the tillable land in a CRP program and MFL program. Or, raising marijuana for CBD Oil may bring great returns.
7. the 3-4 ACRES OF DRIVEWAY, more or less, that is shared by agreement with a neighbor and any new land division if necessary.
8. THE MANAGED FOREST LANDS:
80 Acres of Managed Forest Land consists of the 52.39 acres of CRP land (above) and most of the old growth forest (above).
The Managed Forest Land program provides a tax savings. The MFL contract expires in 2021. Our MFL is taxed at $2.00 per acre vs about $50 per acre for a wooded acre.
The 52.39 acres of CRP or new growth fields were planted in 1994 with 32,000 seedlings, half pines and half hardwoods including 6,000 Black Walnut Trees. The Walnut & Hardwood Groves were culled about 2008 and can be culled anytime soon of crowding and crooked trees.
Thinning or culling of the Black Walnut and hardwood trees allows for the best growth of the remaining hardwoods.
9. DEVELOPMENT RIGHTS: Included in package.
In the future, Fitchburg WI and Verona WI will be bordering our land and the potential for future subdivision will be great. But the regenerating value of hardwoods – especially Black Walnuts – may pay even bigger dividends. Plus, continuing as a whole paradise is good.
ADDITIONAL – THE BUSINESS: $80,00000
Goodwill, cameorose.com website, email list, business name. Does not include antiques, furniture, furnishings, dishes, etc – see business property below.
For the Bahr’s, the bed and breakfast has provided them with sufficient income that is mostly tax free due to depreciation of the home, furnishings, car, etc and deducting 65% of most expenses -heat, electricity, phone and 50% of groceries.
We are now in semi-retirement mode and have cut advertising and require a 2-night minimum on many weekends. Less strict policies, hotel like cancellation policies, and using OTA’S (online travel agencies) like Expedia.com, BedandBreakfast.com, Bookings.com would likely increase business and gross income.
ADD THE BUSINESS PROPERTY: $ To be determined.
Or B&B room furnishings, decorations, etc and outdoor items will be inventoried and priced separately and sold by agreement or auctioned.
** Excluded from dining room: Richardson solid oak dining table, chairs and matching cabinet.
** Excluded from kitchen: Dining table and chairs and antique cabinets.
A: Stay a couple days and look the real estate over.
B: For a complete showing of the home and land, make a showing appointment, bring a letter from your bank showing you have the money to purchase the Cameo Rose inn and land.
Sellers: Dawn and Gary Bahr, 1090 Severson Road, Belleville, WI 53508 – Phone 608-424-6340.for
WE HOLD AN ABSTRACT. If acceptable, an Opinion of Title may be cheaper than Title Insurance.
ELECTRONIC OFFER & OTHER FORMS MAY BE REQUIRED IF WE LIST ON MLS. Allow at least 10 days for seller’s attorney to review an offer.
TIMBER RIGHTS. Seller would retain right to harvest and sell the trees and timber at the $1,989,000 price. Buyer may at at time of sale of home and land for $265,000.
DIVISION OF PROPERTY if applicable.
RADON SYSTEM has been added.
DIVISION OF PROPERTY: If a division of the property is required – it would be subject to Zoning and Driveway approvals for both properties and a building site with the land parcel.
SELLERS would be interested in renting the home or back part 1994 addition while building their new home.
DEPOSIT: An additional $200,000 non-refundable deposit is required if seller needs to move out before moving and/or before closing.
BUYER OF CRP LAND TO ASSUME CRP CONTRACT.
BUYER OF MANAGED FOREST LAND TO ASSUME MFL CONTRACT.
SHARED DRIVEWAY AGREEMENT APPLICABLE TO NEIGHBOR & ANY OTHER DIVISION OF PROPERTY.
SEPTIC EASEMENT IF APPLICABLE: A current septic agreement is provided to a neighbor just South of the Pond and home/inn.
– A new septic easement may be necessary to the home / inn if that land is not purchased by the home / inn buyer.
THE ROOF: Roof is in very good condition and likely to last to 2028. Roof is steeper than usual and may last longer.