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2899 Spain Bridge Road
Belgrade, MT 59714
$6,295,000
Conventional
Property
Bedroom
4
Bathroom
6
Property Type
Conventional
Square ft
6322
Property Description
East Gallatin River retreat, welcome to a remarkable property sitting on the banks of the river, just minutes from Bozeman, Montana. A premier riverfront location, with a 6322 sq. ft. breathtaking custom home on nearly 11 acres. There is a beautifully appointed, 2 bdrm 2 1/2 bath apartment for guests, caretaker or multi generational living. There is also a multipurpose recreation space with baths, flex rooms and kitchen. These are the rare places that still remain where you step into the communion with nature and the flowing waters of Montana. Just imagine fishing from your own backyard. A true blending of an outdoor sanctuary and a luxury home with rustic elements and yet with modern sophistication. You'll want to put your feet up in the great room with massive double sided stone fireplace and timber beams that make a statement of western living. Large picture windows throughout frame the views of the Bridger Mountains seemingly rising out of your front yard to the river flowing through the backyard and meandering along the western boundary. The feel is a true Montana lodge environment yet with a cozy warm inviting home combined in perfect harmony. The kitchen is a culinary delight, there will never be too many cooks in the kitchen. The spacious twelve foot center island and custom ten foot rustic wood bar are so welcoming. A stone hood surround showcases the cooking area making a grand statement. The primary suite is a luxurious private sanctuary which includes a private office space, spa inspired bathroom and outdoor hot tub. Additional 3 bedrooms have their own en-suite bathrooms, two include architecturally designed stone towers with second floor observation areas of the river bottom below. There is expansive decking from nearly every room in the home. Heading upstairs to the spacious bonus room is a space that everyone will enjoy. A perfect overflow space for fun pursuits, and a cute bunkhouse style room awaits. A wonderful space to make memories in. This property is an amazing retreat, an ideal blend of functionality, comfort and luxury living. *Please see FEATURE SHEET for additional details.
Property Information
Lot Size
10 acre(s) square ft
Property Type
Residential
Year Built
2015
MLS Number
390595
Location
Address
2899 Spain Bridge Road
City
Belgrade
State
MT
Zip Code
59714
County
GALLATIN
Listing
Provider
Berkshire Hathaway HomeServices Montana Properties, original listing
Name
Berkshire Hathaway HomeServices Montana Properties
Phone
(406) 556-2221
Office Name
Berkshire Hathaway - Bozeman
Office Phone
(406) 586-7676
Agent Name
Jean White

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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.