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192 Llano De La Legua
Vadito, NM 87579
$3,500,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
3000
Property Description
Nestled in a grove of ponderosa pine and embraced by the fresh mountain air of the Sangre de Cristo Mountain range, this property offers more than a view… It offers a way of life. Following the natural movement of the hillsides, the private road leads you on a welcoming path to a unique home, resting perfectly in-tune with its environment. Unbothered by population density, this home is located on the southern end of the Rocky Mountains, just 30 miles south of historic Taos, New Mexico. At 8,500 ft, this 285+- acre landscape lends airspace to a stunning view of the 13,000 feet Jicarita Peak (a mountain held sacred by the local Picuris Pueblo people) and neighbors the Carson National Forest and Pecos Wilderness. It stands ideally situated amongst a bountiful, restored ponderosa pine forest (an officially Registered American Tree Farm) and produces a synergistic ecosystem and wildlife habitat for local flowers, grasses, shrubs, elk, turkey, hawk and deer! Venture farther and you will discover a canyon with flourishing Aspen and Fir trees and two natural earth-fed springs. Numerous ponds (9) created specifically to provide water to wildlife and for erosion control sit on the property. This spacious ranch provides twenty +- acres of flood irrigated pasture from two well-maintained acequias and 14+- acres of dry pasture. They yield an abundance of hay for horses or space for other crops. Clearing and maintaining the registered American Tree Farm have been a source of income in the past and can continue to do so. The ranch is registered with New Mexico Fish and Game for landowner elk tags in Unit 45 and is located within 60 to 70 miles of five ski resorts, namely Sipapu (14 miles), Taos Ski Valley, Angel Fire, Red River and Ski Santa Fe, supplying an outstanding selection of diverse activities for people of all ages and abilities. This log cabin lodge is brand new! Having been recently completed, it boasts a 27-foot cathedral ceiling, three bedrooms, two bathrooms, hot tub, wood burning stove, and a four-car garage/workshop with a 350 square foot bonus room upstairs, within its approximate 4,000+- square feet, with an additional 1,200 square feet of flawless decks - perfect for small intimate dinners or larger sophisticated gatherings. The 12-inch logs and floor plans that foundationally support this home were purchased from Montana Custom Log Homes Inc, the acclaimed creators and designers of custom-built, versatile, and handcrafted homes for generations. The distinctive prow of this floor plan allows for a view of hundreds of square miles of northern New Mexico valleys and mountains out of the 25 west facing windows. Sunsets are glorious! With a roof, specially treated to give an ancient or aged feel, this expansive home packs in the details! Including a rich hand carved door into the pantry, a copper lined kitchen sink and copper hood over range, live edge countertops, specialty tiled bathrooms, distinctive glass and onyx basins on bathroom vanities and specialty wood ceilings. Hand crafted southwestern style furnishings (may be negotiated with sale of property). Underground utilities, highspeed fiberoptic internet cable, gravel driveway, cisterns for water catchment, seeded lawns, 25 x 25 carport and so much more. Property excellent for that unique family get a way, secondary or primary home compound, or corporate retreat, the use is endless. A truly special and unique property awaits you! Don’t miss out! Schedule your viewing today.
Property Information
Lot Size
285 acre(s) square ft
Property Type
Residential
Year Built
--
MLS Number
110438
Location
Address
192 Llano de La Legua
City
Vadito
State
NM
Zip Code
87579
County
TAOS
Listing
Provider
Realty One Enchanted Circle, original listing
Name
Realty One Enchanted Circle
Phone
(505) 490-4151
Office Name
Realty One Enchanted Circle
Office Phone
(505) 278-7228
Agent Name
Irene Cordova

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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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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.