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Tbd Morgan Creek Rd
Challis, ID 83226
Austin Callison with Hayden Outdoors Real Estate, original listing - (970) 674-1990
$250,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
46 Acre View lot located just north of the town of Challis. This undeveloped property is surrounded by public land on 2 sides and offers incredible 360 degree views. 46 acres of private, undeveloped land, surrounded by BLM, with game trails forged by elk and bighorn sheep, this property offers a mountainside building site with the convenience of Single Phase Power already at the property line. Incredible panoramic views and two drainages that run through the property, make this an ideal location to design your ultimate mountain escape.   Custer County offers a wide range of recreational amenities, including hunting and fishing opportunities. Nearby recreational amenities include: Salmon-Challis National Forest Frank Church-River of No Return Wilderness Salmon River Salmon River Scenic Byway Land of the Yankee Fork Historic Area     Challis, Idaho experiences a continental climate characterized by distinct seasons with relatively warm summers and cold winters. Challis is a charming and undiscovered gem that offers an authentic Western experience. Located in Custer County, this small town of just over a thousand residents is surrounded by breathtaking natural beauty. Challis is often referred to as the Gateway to the Wilderness for a good reason. The town is surrounded by vast, unspoiled wilderness areas and national forests, making it an outdoor paradise for those who love adventure. The Salmon-Challis National Forest, the largest in the United States outside of Alaska, is a playground for hikers, campers, hunters, and anglers. The Frank Church-River of No Return Wilderness, one of the largest wilderness areas in the Lower 48, offers pristine backcountry experiences for backpackers and wilderness explorers. The Salmon River, known as the River of No Return, is perfect for white-water rafting and kayaking, providing heart-pounding thrills against the backdrop of breathtaking river canyons. The area around Challis is renowned for its diverse wildlife and ongoing conservation efforts. It's not uncommon to spot elk, deer, wolves, and other wildlife while exploring the surrounding wilderness. The town is proud of its commitment to nature preservation and responsible tourism, making it a fantastic destination for wildlife enthusiasts and nature lovers. Downtown Challis has managed to retain its historic charm featuring well-preserved buildings that harken back to the Gold Rush era.Challis might be a small town, but it hosts a variety of events and festivals that attract visitors from near and far. The Challis Bluegrass Festival, the Bayhorse Days celebration, and the Fourth of July Rodeo are just a few examples of local events that bring the community together.
Property Information
Lot Size
46 acre(s) square ft
Property Type
Land-Other
Year Built
--
MLS Number
--
Location
Address
TBD Morgan Creek Rd
City
Challis
State
ID
Zip Code
83226
County
CUSTER
Listing
Name
Phone
(970) 674-1990
Office Name
Office Phone
(970) 674-1990
Agent Name
Austin Callison
Agency Phone
(970) 674-1990

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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.