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19174 County Road 16
Bristol, IN 46507
$795,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3140
Property Description
This one-of-a-kind eight-acre forested estate in rolling Bristol Fruit Hills, easily accessible to U.S. 20, has 600 feet on the waterfront of a large pond in a classified wildlife refuge less than two miles from Elcona Country Club. It includes a 50-year-old house with sturdy construction and custom details as well as an 8,000-square-foot old-and-new barn equipped for high-level hobbies and ready to be finished as a home or other use. The buildings, 42 feet above the pond and nearly 100 feet from the road, command spectacular nature views in all directions through woods cleared of underbrush, planted with myrtle, and crisscrossed with trails. The barn, started with a peg-and-beam 864-square-foot structure moved to the land and vastly expanded, has eight-inch insulated walls sheathed with old-style brick, cedar, and high-quality, low-maintenance composite boards, with zoned heated floors in the new section. The original section has three-phase electricity, a built-in air compressor, and a Cyclone sawdust collection system. The custom-built section done in 2022 has a large room with a 13-foot 3-inch ceiling, garage doors, and a ceiling hoist. That section includes a kitchen with a ceramic tile floor and high-end appliances; a dining area; a washer-dryer hookup; and two full baths. Upstairs is a grand landing with chandeliers, a nearly finished 2590 Sq Ft room with 10-foot 6-inch ceiling, a viewing balcony, and a full bath. The structure was designed with many accessibility features and space for installing an elevator. Electrical, plumbing, heating, drywall, and kitchen inspections are complete, awaiting a new owner’s finishing touches. The one-owner house has three bedrooms, two-and-a-half-baths, two living rooms, a formal dining room, a main-floor laundry, a finished partial basement, abundant storage areas, and a heated attached two-car garage. It was built with inch-thick plaster, solid oak, custom cabinetry and woodwork, and slate tiles, with a brick-and-cedar exterior. The buildings have individual septic systems, roofs less than 10 years old, fiber-optic service, and security systems. A 55-gpm well serves the house, barn, and a deep-buried country irrigation system. The property has grassy lawns, cobblestone and street-brick patios, and parklike tranquility among the trees, water, and hills.
Property Information
Lot Size
7 acre(s) square ft
Property Type
Residential
Year Built
1973
MLS Number
202326553
Location
Address
19174 County Road 16
City
Bristol
State
IN
Zip Code
46507
County
ELKHART
Listing
Provider
RE/MAX Results, original listing
Name
RE/MAX Results
Phone
(260) 490-1590
Office Name
RE/MAX Results-Goshen
Office Phone
(260) 490-1590
Agent Name
Chantel Boone

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.