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3 Freedom Trail
Belfry, MT 59008
$889,900
Conventional
Property
Bedroom
5
Bathroom
3
Property Type
Conventional
Square ft
2897
Property Description
21 acres in a gorgeous setting on the flanks of the Beartooth Mountains bordering the Custer National Forest to the west, 50 miles east of Yellowstone Park. This beautifully rustic log home is remote, off-grid, offering seclusion and privacy with elk and antelope for neighbors. The hand peeled and crafted log beams give a spacious cabin feel with a true mountain feel. There are 5 bedrooms, 3 bathrooms and a great room with windows that frame Heart Mountain. The upper floor area is a loft where the master bedroom is located. The walk-out basement has a family room and 3 bedrooms. Solar and a backup propane generator provide the electric while for heat there is a propane fireplace in the great room and a Rinnai propane wall heater, as well as one in the basement. Radiant floor heat is in place and set to be hooked up to also help keep the house warm. The water heater is a gas Rinnai on-demand for the hot water. At just under 3000 sq. feet including the basement, it gives you lots of room. A wrap around porch gives you breath-taking views in all directions, looking east to the Pryor and Bighorn Mountains, south to towards Heart Mountain and the Absaroka Mountains, and directly west into the Beartooth Mountains. It is 9.5 miles west of the state hwy, while Red Lodge is just 18 miles away via seasonal roads or 35 miles via the state hwy 72. Cody is 50 miles to the south, while 70 miles north gets you to Montana's largest city, Billings and an international airport. Wildlife includes elk, deer, bear, antelope, moose, coyotes, sage grouse, wolves and grizzlies. Your backyard is over a million acres of public land to the west. Finding this kind of location with such a beautiful setting, backing up to the National Forest and all set up to move into is unique. Don't let it slip away!
Property Information
Lot Size
21 acre(s) square ft
Property Type
Residential
Year Built
2010
MLS Number
388323
Location
Address
3 Freedom Trail
City
Belfry
State
MT
Zip Code
59008
County
CARBON
Listing
Provider
Mountainlands of Montana Realty, LLC, original listing
Name
Mountainlands of Montana Realty, LLC
Phone
(406) 580-3372
Office Name
Mountainlands of MT Realty
Office Phone
(406) 580-3372
Agent Name
Dean Petty

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HUD Foreclosures

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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Foreclosure Listings Increasing

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.