LAKE
ALTO
TRACT INFO SHEET

As of August 6, 2006

 

 

1. Introduction.

The Lake Alto Tract is composed of three parcels totaling 280 acres, all located east and north of Lake Alto.  Access is by County Road 1471 (old County Road 325), and there is a three quarter mile of paved road frontage.

 

2. Asking price.

$4,700 per acre; total $1,316,000.00.  Seller would like to finance with either 20% down or, with good credit, 15% down.

 

3. Legal Description and Tax Parcel Numbers.

All three parcels are located in section 18, township 8 south, and range 22 east, Alachua County, FL.  More particularly, the three parcels are further described as follows:

 

Parcel 1: 40 acres

            SEĽ of the NEĽ

            Parcel number 18374-000-000

 

Parcel 2: 160 acres

            N˝ of the S˝

            Parcel number 18374-002-000

 

Parcel 3: 80 acres

            S˝ of the SEĽ

            Parcel number 18374-003-000

 

4. Existing Land Use Classifications and Current Conditions.

There are three land use classifications; planted slash pine, natural pine flatwoods, and

wetlands.

                                   

                                    Table 1.  Land Use Classification by Acres (1)

Land Use Class

Acres

Percent

Planted Slash Pine

 110.9

  39.5

Natural Pine Flatwoods

   94.1

  33.6

Wetlands

   75.3

  26.9

Totals

 280.3

100.0

 

 

 

 

 

                                 

                                   (1) Acres computed by ArcGIS 9.1.

                                   

 

4.1  Planted Slash Pine.  All of the merchantable timber was harvested from this area in the mid 1990’s followed by site preparation and reforestation.  This area was site prepared with a roller drum chopper, bedded, and planted with morphologically improved slash pine in the winter of 1996 – 97.  The understory is principally saw palmetto, gallberry and smilax sp.

 

4.2  Natural Slash and Longleaf Pine.  All merchantable timber was harvested from this area in the mid 1990’s, but no reforestation occurred.  The owner, at that time, wished to spread his reforestation costs over two years, but never completed the work.  Currently this area is cutover piney flatwoods that has naturally regenerated with mostly slash pine and some longleaf pine.  Stocking ranges from slightly below average to below average.  Fire has been absence from this area for at least a decade.  The groundcover is of moderate quality consisting of saw palmetto, gallberry, and smilax sp.

 

4.3  Wetlands.  There are three isolated wetlands within the planted slash pine and natural pine flatwoods area, two larger forested wetlands (one located in the far northern corner of the planted slash pine and the other located in the southwest corner of the natural pine flatwoods) and a much larger connected area on the far western side that is a part of the Santa Fe River headwaters.

 

5. Soil Series and Wetlands.

There are two general classes of soils, wetlands and uplands.  The USDA Soil Survey of Alachua County has mapped the planted slash pine and the natural pine flatwoods as Newman (number 21 on the USDA soils map) and Pamona sand (number 14 on the USDA soils map).  Neither soil is listed as hydric by the Florida Department of Environmental Protection (DEP).

 

The depressional wetlands have been mapped as Monteocha loamy sand (number 19 on the USDA soils map) and Pomona sand depressional (number 25 on the USDA soils map).  The western edge of the parcel, located in the Santa Fe swamp, is comprised of Samsuia muck (number 26 on the USDA soils map) and Placid sand, depressional (number 34 on the USDA soils map).  All four soils are listed as hydric by the Florida Department of Environmental Protection (DEP).

 

6. Zoning.

Current zoning is Agricultural.

 

7. FEMA Floodplain.

The Alachua County Department of Growth Management’s Wetlands and Floodplains map needs to be updated.  Field inspection shows too much land has been allocated to lands within special flood hazard areas.

 

8. Strategic Ecosystem Classification.

The wetlands, especially those located on the west end of the tract that are part of the Santa Fe swamp headwaters, are property classified as a Strategic Ecosystem.  The planted slash pine and the natural pine flatwoods have been misclassified, and should not be a strategic ecosystem.

 

 

 

9. School Zones.

The current school zones for the area are listed below:

 

Elementary School – Waldo Community School

Middle School – Hawthorne Jr./Sr. High School

High School – Hawthorne Jr./Sr. High School

 

 

10. Water Management District.

All three parcels are located in the Suwannee River Water Management District.

 

11. Future Land Use.

The Alachua County Department of Growth Management has classified all of the parcels as rural/agricultural.  According to the Alachua County Comprehensive Plan 2001-2020  Future Land Use section 6.2, “areas identified for rural/agricultural on the Future Land Use map are for rural residential uses, home-based businesses, and agricultural activities including forestry and other agricultural uses, such as cattle grazing, cultivation of field crops, vegetable crops, dairies and those commercial or other uses on a limited scale serving or ancillary to agricultural activities, such as farm equipment and supplies, sales or service, and agricultural products distribution”.

 

12. Taxes.

The 2005 property tax for all three parcels was $1,401.68.  The parcels were assessed as timberland (SI 80 – 90), enjoying one of the lowest property tax valuation classes.  Under current green belt law, assuming the parcel remained classified as timberland, the assessed values and hence the total property taxes will not change significantly for 2006.  A change in ownership will not change the assessed value, regardless of the selling price.

                          

                           Table 2.  Property Tax Per Acre and Total.

Parcel Number

Acres

Taxes per Acre

Total Taxes

18374-000-000

 40

$5.72

$  228.85

18374-002-000

160

4.78

  765.2

18374-003-000

 80

5.10

407.63

Totals

 280

 

$1,401.68

 

13. Property Income.

There are currently two income streams identified with the property; one annual and one periodic.

 

There is an existing hunting lease that generates $12.00 per acre or $3,360.00 per year.  The lease can be extended, if mutually agreed upon, for a second year at the same rate.  Should a buyer wish to discontinue the existing lease, then the seller will refund a pro-rated amount to the lessee, and the lease will be null and void with a 30 day notice.

 

The planted slash pine has a present value of $1,250 per acre or $132,500 for the 110 acre area.  The current merchantable value is $50.00 per acre or $5,500.  It is anticipated that planted slash pine will need thinning in three to four years.  The thin should generate $220 per acre or a total of about $25,000, depending on the type of thin and the market price of pulpwood.  S second thin might occur in seven years generating $700 per acre or a total of $75,000 depending on the quality of forest management and the market price of pulpwood and chip-n-saw.

 


14. Lake Alto Boat Ramp.

Lake Alto is a ___ acre deep fresh water lake suitable for water skiing, jet skies, sailing, canoeing, kayaking, and fishing.  The lake is will stocked with abundant fresh water game fish.  There are two wide and deep boat ramps, sheltered picnic facilities and access to Leafs, a 74 acre longleaf pine restoration foundation.  This is an excellent area for nature studies and photography.  The Lake Alto County Park and access to Lake Alto is 0.8 miles south of the southeast corner of the property. 

 

15. Photographs.

Photographs of the Lake Alto Tract are available.

 

For further information, call

Jib Davidson, Forester or Norman McRae, Forester

Florida Timberlands Inc.

4424 NW 13 Street, Suite C-2

Gainesville, FL 32609

352-375-1473 office

352-538-2266 Jib’s cell

352-318-4310 Norman’s cell

 jib@columbiatimber.com

© 2006 Florida Timberlands