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1959 Co Rd 104
Chesapeake, OH 45619
$1,968,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
5577
Property Description
OUTSTANDING Equestrian Farm! 100 Acres includes a stunning home boasting details of crown molding, custom enclosures throughout and woodwork that will impress! The kitchen offers a breakfast nook overlooking the in ground swimming pool and gorgeous property. 2 Side by side Subzero refrigerators, double oven, gas cooktop, custom detailed cabinetry, granite countertops, details you must see to completely appreciate. The formal dining room offers seating for 12! Ornate crown molding and wood work craftsmanship that is unique and stunning! Fireplaces offer hand crafted mantels with magnificent details! Butlers pantry has a wine rack and prep sink with hand painted details. Upstairs you will find the primary bedroom with a majestic see through fireplace offering warmth in the primary bedroom and bathroom. The primary bedroom also has a loft area for office space and storage. The gathering room has vaulted ceilings a cupola and abundance of natural lighting. The entertaining bar area has taps for your own personal brewery collection and a wine fridge. The architecture details of this home are breathtaking and impressive. The basement offers a guest area with yet another kitchen. The outdoor swimming pool in less than 2 years old and allows an area for relaxation and enjoyment overlooking the stunning views. The grill with stacked stone and granite is perfect for summer gatherings. Now let’s talk about the Equestrian Barn & Riding Arenas! This 40 Stall barn features two rows of 20 stall with connecting hallway. 20 are made of concrete block and 20 are tongue and groove pine. 10 of the pine stalls have the interior sliding doors as well as bar/mesh door to the exterior for ventilation in the summer as well as solid exterior doors. The “Dutch doors” are included on 30 of these stalls as well. The stall doors and end door stall fronts were made by Lucas Equine which is the best quality. Appreciate the following for your horses; *Large finished/show tack room with brass fixtures *Large lesson tack room *Large viewing room *Private tack/viewing room *Nearly 18,000 square feet of indoor riding arena with bullpen at one end for longing or lining. *Arena has side and end entrance into hall which is ready for lessons or IEA shows *Walkway/wall between arena & back of stalls for viewing horses as being worked. *Tiled floor and tongue & groove pine bathroom *Farm utensil storage room with pine wood walls *Storage/ Feed room *2 large rooms for office space Loft is ready to be completed for living quarters if desired. This farm is ready for boarding/lessons/shows, possibilities are endless!
Property Information
Lot Size
100 acre(s) square ft
Property Type
Residential
Year Built
2002
MLS Number
178522
Location
Address
1959 Co Rd 104
City
CHESAPEAKE
State
OH
Zip Code
45619
County
LAWRENCE
Listing
Provider
BUNCH REAL ESTATE ASSOCIATES, original listing
Name
BUNCH REAL ESTATE ASSOCIATES
Phone
(740) 886-7214
Office Name
BUNCH REAL ESTATE ASSOCIATES
Office Phone
(740) 886-7214
Agent Name
Tracy Bunch

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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.