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400 Green Gulch Road
Chilcoot, CA 96105
Marlene Boggs with California Outdoor Properties, Inc - Vacaville, original listing - (707) 455-4444
$2,750,000
Conventional
Property
Bedroom
2
Bathroom
Full: 2
Property Type
Conventional
Square ft
1645 Square Feet
Property Description
South Creek Ranch nestles against a backdrop of the eastern slope of the Sierra Nevada Mountains from a private access road. Just west of the California/ Nevada border, it is only 17 miles from downtown Reno, NV. The farmstead site was historically the headquarters for a larger ranching operation and includes a full set of working corrals, complete with a loading chute and squeeze chute. Perimeter-fenced and cross-fenced, the current owner runs approximately 60+ pairs with replacement heifers and bulls. A large irrigation reservoir collecting water from South Creek is located along the southwest boundary. A second smaller in-stream reservoir collects water from Purdy Creek, which traverses the western portion of the ranch in a northerly direction. The ranch is developed primarily to 200 acres of irrigated meadow hay and 71 acres of irrigated pasture with a 17-acre farmstead and 48.8 acres of native grazing land. Native meadow hay production runs at 300+/- tons annually, with plenty for winter feed. Excess hay is sold by the bale. The headquarters consist of a main Mid-Century Modern residence, a caretaker or guest house, a bunkhouse and an incredible refurbished historical Stone House, a huge barn, a newer hay barn, and multiple outbuildings. PROPERTY HIGHLIGHTS:336.91 acres inside working hay and cattle ranch Adjudicated water rights for 288.10 acres Fenced and cross-fenced Currently running 60+ head of pairs as well as replacement heifers and bull Top quality Meadow Grass Hay 200 acres of irrigated meadow hay 71 acres of irrigated pasture 48.8 acres of native grazing land 17-acre farmstead with 3 homes, barns, and multiple ancillary outbuilding Large horse stalls, tack, and feed rooms in the old 6000 sf barn 2,000 sqft climate-controlled shop building Two ponds, one with bass and one with trout It is a beautiful setting with huge mature shade trees, several fruit-bearing trees, and a lush lawn Lovely outdoor area and patio perfect for barbeque and entertaining Old Stonehouse with ranch kitchen adjacent to outdoor entertainment areas Adjacent to Fish and Wildlife property along the northern boundary Endless recreation opportunities with Lake Tahoe, Lakes Basin, and Reno all close by Quiet, private, and secluded with gorgeous open views yet just a mile +/- from Bordertown and 17 miles from downtown Reno Access to Washoe County Schools by cooperation contract with Sierra County
Property Information
Lot Size
336 acre(s) square ft
Property Type
Land-Other
Year Built
--
MLS Number
--
Location
Address
400 Green Gulch Road
City
Chilcoot
State
CA
Zip Code
96105
County
PLUMAS
Listing
Provider
California Outdoor Properties, Inc - Vacaville, original listing
Name
Phone
Office Name
Office Phone
(707) 455-4444
Agent Name
Marlene Boggs
Agency Phone
(707) 455-4444

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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.