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2133 Lost Horse Trail
Hamilton, MT 59840
$3,400,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3140
Property Description
Located on a private stretch of Lost Horse Creek & surrounded by Forest Service, this is truly an unique opportunity! Imagine waking up every day with nature as your neighbor, surrounded by towering trees & breathtaking beauty. Your neighbors consisting of wild turkey, deer, elk, deer, moose, bear, birds & the occasional fox. This property is a way of life, it embodies everything that Montana has to offer. Perfect for the adventure seeker that loves to explore & play in the great outdoors. Spend an afternoon enjoying the water at Lake Como, hit the slopes at Lost Trail Ski Area, take a drive along Skalkaho Pass Scenic Byway for breaking views, explore any one of the nearby hot springs, catch a trout dinner fishing on the Bitterroot River or head out on horseback, foot, or ATV to experience ... thousands of acres of untouched wilderness. All of this with easy access to Hamilton & Darby offering amenities, such as: exceptional restaurants, world class golfing, & high ranking schools, creating the perfect balance between convenience & privacy. The structures are just as impressive as the location. Featuring a custom built log home with hand scraped logs, on 22 +/- private acres, with five wood burning Maynard fireplaces (one with floor to ceiling river rock), vaulted ceilings & custom truss work, an open floor plan, 3 bedrooms with a den, 2.5 bathrooms & an attached oversized three car garage. In addition to the wood heat, there is propane if you prefer & electric baseboards in every room of the house. Completely self sufficient with: inverters, batteries & generators along with grid power & two domestic wells with Lost Horse Creek for backup. A state of the art 4,000 +/- sq.ft. shop built in 2016 with R25 in the walls & R38 in the ceiling with (2) 14 X 14 doors, & a 1,600 +/- sq.ft. lean to keep your equipment under cover. It also has a bathroom with a shower. Additional auxiliary buildings include: a 1,500 +/- sq.ft. 4 car garage with built in storage & work shop with a 750 +/- sq.ft. lean currently used to cover firewood, two barns built in 1995 that can accommodate up to 10 horses while storing 50 tons of hay with a tack room, feed room, hot water washroom & automatic heated waterers. Turn-key horse property with riding arena & round pen. Lastly, your peace & solitude are secure with a state of the art private bridge replaced in 2010 with wood planks on top of steal beams & concrete embankments. Absolutely no driveways, please call/text Rebecca at 406-546-0067 or your real estate professional today!
Property Information
Lot Size
22 acre(s) square ft
Property Type
Residential
Year Built
1981
MLS Number
30015538
Location
Address
2133 Lost Horse Trail
City
Hamilton
State
MT
Zip Code
59840
County
RAVALLI
Listing
Provider
PureWest Real Estate, original listing
Name
PureWest Real Estate
Phone
(406) 885-6987
Office Name
PureWest Real Estate - Missoula
Office Phone
(406) 885-6987
Agent Name
Rebecca Donnelly

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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.