GATED, PRIVATE, 25' +/- DEEPWATER, NATURALLY-OCCURRING GLACIAL LAKE ON 67 ACRES LOCATED IN NORTHEASTERN PENNSYLVANIA, SULLIVAN COUNTY, COLLEY TOWNSHIP, NEAR LOPEZ, PENNSYLVANIA 18628
ONE OF ONLY APPROXIMATELY 50 GLACIAL LAKES IN PENNSYLVANIA AND ONE OF SIGNIFICANTLY LESS THAN 50 THAT HAVE NEVER BEEN DEVELOPED
("the PROPERTY"). COMES WITH STRUCTURAL STEEL ELEVATED LAKEFRONT DECK.
COMES WITH ALL MARCELLUS SHALE GAS AND OIL RIGHTS PLUS TIMBER, MINERALS, WATER, SOLAR, AND WIND RIGHTS.
Property Location and Description
The Property is a 67-acre wooded parcel located in Northeastern Pennsylvania, Sullivan County, Colley Township, and includes a 5-acre naturally-occurring deepwater glacial lake, 25’ deep in places, with no dam, known as Little Rouse Pond. The lake was formed naturally as a result of glacial action. No party has rights to use lake except Seller. The Property is mostly surrounded by 7,900 acres of PA State Game Lands.
Marcellus Shale drilling for natural gas is active in Sullivan County. Estimates of the Royalties for leasing Marcellus Natural Gas Land are estimated by Marcellusgas.org at $25,000 per acre plus an up-front bonus payment per acre to sign a lease. The Property is not currently leased for oil and gas. The buyer will get all the Marcellus Shale oil and gas rights which is very important as parts of Sullivan County are actively drilled.
Development Opportunities - see enclosed Proposed Subdivision titled "Little Rouse Pond Lakefront Community". Can be subdivided into multiple lots for resale.
There is no zoning in Sullivan County so the Property can be subdivided for single family homes, cabins, RV park with Boat Storage, Campground, Multi-family Housing, Townhomes, Commercial, or a myriad of other potential uses.
Oil and Gas Rights, Mineral Rights, Timber Rights, Water, Solar and Wind Rights: Property has full oil, gas, timber and mineral rights, which go to buyer if Property is sold. Property is located in the Northeast Pennsylvania Marcellus Shale Dry Gas region which has been described as, " ... one of the most prolific shale basins in North America, in terms of both acreage and reserve potential" by Natural Gas Intel.com (http://www.naturalgasintel.com/) . Marcellusgas.org, a site dedicated to production data and information on the Marcellus shale said in an email release that the expected 1/8 royalty on one acre in a typical Marcellus Shale Natural Gas well is, "... just over 25,000 dollars." [quote is from Marcellus.org email of 11/14/12] Offers to lease the Property have been received. None have been signed and the Property would be free to be developed for gas or undeveloped at Buyer's choice. The Property is not leased for wind or solar power and buyer would own the water rights.
Little Rouse Pond: Own Your Own Deepwater Glacial Lake
A 1995 document titled, “Natural Areas Inventory of Sullivan County” prepared by the Pennsylvania Science Office of The Nature Conservancy, includes information about Little Rouse Pond (“LRP”). LRP is described in the aforementioned document as a “classic Glacial Kettlehole ...” and “the best example of this [ecosystem] community type in north central PA.” The deepwater lake has an excellent population of bass, chain pickerel, crappies, bluegills and sunfish. In late Spring, you will see two species of seldom-seen pink bog orchids. This is a property for someone who will be attracted to the headline, "Own Your Own Deepwater Lake." Pennsylvania properties with deep water glacial lakes without dams are rare, and it is estimated only 50 exist in the state (see excerpt from aarticle attached). A Pennsylvania lake with a dam can be a very large liability because of the way the Pennsylvania Department of Environmental Protection (DEP) classifies lakes into several categories including "high hazard." Insurance on high hazard dams is very expensive and often unobtainable and the downstream liability to people and property from a failure of a high hazard dam can be astronomical. You don't want to own a lake with a dam classified as high hazard by the Pennsylvania DEP. We insure this lake for very little. We manage several glacial lakes without dams including this one. The Property has an elevated structural steel, pressure treated wood-floored deck overlooking the lake, which can be used for birdwatching, wildlife viewing, a hunting stand, or simply relaxing in the sun.
The main interior access road has been heavily paved with stone and gravel. The property is gated. The boundaries are posted and the boundary trees are blazed. There is an ALTA/ACSM survey. The site contains highbush blueberry bushes and has some nice cherry timber along with beech, maple, hemlock, white pine, oak, a few fruit trees and other tree species. Wildflowers abound as do native grasses. There is a walking trail around the lake. The site reminds one of being in a remote lake in Canada or in the Adirondacks. It is also the quietest property we manage.
If you like to fish or kayak or canoe, you will like Little Rouse Pond. The naturally occurring deep water lake is home to bass, crappies, bluegills, and other fish species including 25”-30' chain pickerel. The cold depths may also support a healthy population of other species including perch and trout.
The site has been leased to hunting clubs on an annual basis for deer. Bear, turkey, grouse, woodcock, wildfowl, squirrels, rabbits, and other game abound. The Property is nearly surrounded by PA Game Lands. The varied habitats on the Property: water, mature hardwood forest, dense hemlock forest, native grasslands, and open brushy field areas allow for food, breeding cover, and roosting habitat for deer and other game.
When people ask us about some of the lakes we manage and what they are worth, we simply say, “Find another one to compare it to Little Rouse Pond.” Typically, there are no comparisons, at least in Sullivan County.
Sullivan County History, Geography, Geology and Vegetation [Excerpts below are taken from “A Natural Areas Inventory of Sullivan County, Pennsylvania,” 1995, by The Nature Conservancy]
“Sullivan County is situated in northcentral Pennsylvania away from major metropolitan areas. It is considered one of the most beautiful counties in the state, "the Gem of the Endless Mountains. The county's reputation as a tourist and recreation region was established prior to the turn of the century, when Eagles Mere was founded and became a vacation resort for the wealthy. Sullivan County is known to most people in Pennsylvania as a place for hunting, fishing, hiking, camping, winter sports and site-seeing. Outdoor recreation is enhanced by access to Wyoming State Forest, state game lands, and Worlds End and Ricketts Glen State Parks.”
Any sale is subject to a mutually agreeable purchase and sale agreement drafted by Seller which shall not be legally binding unless and until fully executed and accepted in writing by both buyer and seller. Seller is under no obligation to continue any negotiations with a prospective buyer, and seller reserves the right to discontinue all negotiations at any time up to the point an agreement is fully executed and exchanged. Buyer may do likewise. Each party shall bear its respective costs incurred during the negotiation process and under no circumstances may seller be held liable as a consequence of its termination of negotiations prior to the execution and exchange of a mutually acceptable purchase and sale agreement.
The sales price is payable 100% in United States dollars. In Seller's sole discretion, Seller may require financial and other buyer prequalification plus a confidentiality agreement before releasing certain information.
Broker Protection Available.