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409 2nd St. E
Malta, MT 59538
$99,750
Conventional
Property
Bedroom
2
Bathroom
1
Property Type
Conventional
Square ft
1214
Property Description
Buyers looking for a starter home can take advantage of an economical purchase and customize this home with their own style and finishes! The 1,214 square foot home has a new metal roof and fresh new carpet. Hardwood flooring brings in a warm character. Bring your vision and help this house become a home. Opportunities abound as the home would make an excellent investment, a rental home for passive income, ranch employee housing, or an AirBnB. The lot is open and has several mature trees and shrubs. As part of the Hi-Line, Malta's community is supported by the agricultural industry. Small-town vibes with hunting and fishing right out your doorstep. Local Area As the county seat of Phillips County, Malta, Montana remains much the same as it was when Lewis and Clark roamed through in 1805. It is marked by diversity in landscapes with a variety of wildlife. The town of Malta was incorporated in 1909 and is rich in cultural history. It was a railroad station stop for the Great Northern Railroad. Malta serves as a notable stop along the Montana Dinosaur Trail. Enthusiasts can visit the Phillips County Museum and the Great Plains Dinosaurs Museum to gaze upon the evidence of a world that once was. Area Attractions Sleeping Buffalo Hot Springs Soak in the only hot springs in the northern tier of Montana. Coming from a 3,200-foot deep well, 900 gallons of 108-degree water pumps through per minute to continuously heat a natural and chemical-free pool. The spring water contains beneficial minerals such as silica, sulfate, calcium, magnesium, sodium, potassium, and iron all advantageous for healing and health. Early Day Outlaws Montana is well known for the days of the gun-slinging cowboy. Kid Curry's stomping ground in the 1880s was the Little Rockies country about 40 miles southwest of Malta. On July 3, 1901, Curry and his partners, Butch Cassidy, the Sundance Kid, and Deaf Charlie held up the Great Northern Railway's No. 3 passenger train. They blew up the express car safe and stole a bag of gold coins and $40,000 in unsigned and worthless banknotes. It was soon after that Curry and his gang departed Montana. Bowdoin National Wildlife Refuge A grass prairie region of the wide-open plains of north-central Montana. The Bowdoin National Wildlife Refuge spans 15,551 acres. It was established in 1936 as a migratory bird refuge. The birds flock to the cover and nesting areas provided by the saline and freshwater wetlands, native prairie, and densely planted shrubs. The Milk River supplies the refuge with most of its water through a system of canals. As you travel the 15-mile self-guided tour, expect to see waterfowl, shorebirds, birds of prey, grassland songbirds, beavers, muskrats, coyotes, white-tailed deer, and pronghorn antelope. In the fall hunting season, the refuge allows the harvest of waterfowl and upland game birds with a permit. This sprawling landscape of diverse habitats is located seven miles east of Malta. The Milk River Forty-one different species of fish swim the milky waters of the Milk River. One of prominence is the Channel Catfish. On May 8, 1805, the first "tourists" to this region, the Lewis and Clark Expedition, camped at the confluence of the Milk and Missouri rivers, about 18 miles southeast of present-day Glasgow. After exploring the river, Lewis called it "Milk River" because of its color resembling that of a "cup of tea admixture of a tablespoon full of milk."
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1938
MLS Number
11233715
Location
Address
409 2nd St. E
City
Malta
State
MT
Zip Code
59538
County
PHILLIPS
Listing
Provider
Corder and Associates, LLC, original listing
Name
Corder and Associates, LLC
Phone
(406) 622-3224
Office Name
Corder and Associates, LLC
Office Phone
(406) 622-3224
Agent Name
Trampus Corder

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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.