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24735 720th
Hayfield, MN 55940
$899,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
2443
Property Description
Want to find your forever home with all the serenity and comfort of country living while being located only minutes from downtown Rochester? We are honored to present this one-of-a-kind rural home that rarely comes on the market, yet this close to Rochester. It's a beautiful blend of character and charm with the compliments of a scenic yard, an eloquently finished accessory building (detached garage) and multiple storage sheds for all your "toys"! Majestic trees surround this pristine property giving you the privacy and seclusion you deserve for peace of mind. This charming home features 3 bedrooms, 2 full baths, a formal living room, mudroom, and sun room all with dedicated views of the beautiful homestead. The stunning main-floor master bedroom provides ample space for enjoying the all the serenity the property has to offer with a stunning view of the property with 2 walk-in closets, a dedicated mini-split heating/cooling system, French doors and a 9' atrium door that leads to a private bricked pergola. You will never want to leave this forever home with ample space to enjoy the outdoors consisting of 57 secluded acres, 19 acres of productive cropland, 29 acres of pasture and 2 RV slips with all the necessary utility hook-ups. All of these amenities are available while only being 22 and 16 miles from Rochester and Stewartville, respectively. The main floor living area is sure to be a gathering place for family and friends and a great place to relax and watch nature right outside the perfectly positioned windows. There is a large foyer, formal dining room, main floor laundry, and a delightful sun room with a free standing LP stove. The original home, a circa 1870 log cabin is the focal point acting as the dining room off the kitchen as the log timbers are exposed on the interior showing the character of the 150 year old structure. The remainder of the main floor features a mudroom, kitchen with an island along with granite/Corian counter tops with every room offering an abundance of windows providing views of this meticulously groomed oasis! The 2nd floor offers 2 bedrooms with a shared hallway closet and a same level full bathroom. The finished lower level would work well as a work-out room, office or combination thereof. Property Features: • Detached Garage - 42' X 28' completely finished with in-floor heat 2 overhead doors and a separate entrance into a separately zoned heated 28x14 room suitable for a studio, exercise room or office • Second 20' X 19' detached garage with concrete floors • Vintage barn - 50' X 30' with steel stalls, a large hay loft and steel roofing that would be excellent for horses, cattle or any other large farm animals • 1950's Poultry House - 32' X 18' with stalls, insulation and concrete floors that would be great for smaller farm animals. • Machine Shed - 72' X 40' X 14' (height) with 2 sliding door and electricity (220v) • Large private pond that is fully stocked with monster bass and pan fish • Energy efficient dual heat sources (electric and LP) and central air conditioning If you have been searching for a country home on a quiet acreage but desire to be close to the conveniences of city life, this could be the perfect property for you. All of this is available minutes from Rochester and best of all it is located in the highly regarded Hayfield School District. Give me a call ASAP before this gem gets away!
Property Information
Lot Size
57 acre(s) square ft
Property Type
Residential
Year Built
1870
MLS Number
11217921
Location
Address
24735 720th
City
Hayfield
State
MN
Zip Code
55940
County
DODGE
Listing
Provider
High Point Realty & Auction, original listing
Name
High Point Realty & Auction
Phone
(507) 218-1243
Office Name
High Point Land Company, LLC
Office Phone
(507) 218-1243
Agent Name
Troy Stafford

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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.