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35350 State Highway 36 E
Paynes Creek, CA 96075
$2,950,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1200
Property Description
The historic Lassen Ranch is 587 acres of pristine mountain property. Whether you are looking for a prime fishing, hunting, or equestrian facility, this ranch has it all. Located in the high mountains of the Lassen National Forest at about 4,200 ft elevation, the ranch has varied terrain and majestic views of the valley floor. It is located about 32 miles east of Red Bluff, CA, and 165 miles northeast of Sacramento, CA. This ranch is a recreational haven. With over a mile of Battle Creek frontage coupled with a trout-filled pond, fishermen will be more than satisfied. There is no better place to stalk and fly fish for trout than this one. As for the hunter, the ranch is located in the C-Zone with excellent deer, turkey, and even black bears. The turnkey equestrian facility is well-constructed, maintained, and would make any horse enthusiast envious. There is a 145’ x 270’ arena, 110’ cutting round pen, hay, and horse barns. As for the improvements, there is the old lodge, main house, and five newly renovated cabins, all built on a plateau close to the Lassen Wildlife Area. There is also a new 2,800-square-foot log home in the process of being built overlooking the valley. With the most ideal four seasons, recreational attributes, and lodging, the Lassen Ranch is suitable for a family compound, hunting/fishing club, or corporate retreat. PROPERTY HIGHLIGHTS: Located in the high mountains of the Lassen National Forest at about 4,000 ft elevation Four seasons climate Beautiful valley views Most of the cabins and lodge are accessible from Highway 36 Lodge & Bar, Main Home, and five cabins Equestrian training facility: 145’ x 270’ arena and 110’ round pen 90-ton hay barn, outside covered stall, & two horse barns Over a mile of deeded Battle Creek frontage on both sides One year-round trout-filled pond Excellent recreation Located in the C-Zone Deer stands throughout the property Great hunting for deer, turkey, and even some black bear Minutes from the Lassen National Forest, with over 18,000 square miles of forest, meadows, snow-capped mountains, trails, lakes, and of course, its own volcano High and cool during the hot Red Bluff summers, yet only 32 miles from town 32 miles east of Red Bluff and 156 miles from Sacramento International Airport Family compound, Hunting/Fishing Club, or Corporate Retreat
Property Information
Lot Size
587 acre(s) square ft
Property Type
Residential
Year Built
--
MLS Number
20230528
Location
Address
35350 State Highway 36 E
City
Paynes Creek
State
CA
Zip Code
96075
County
TEHAMA
Listing
Provider
Name
Phone
Office Name
California Outdoor Properties, Inc - Vacavill
Office Phone
(707) 455-4444
Agent Name
Todd Renfrew

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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.