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475 County Rd 324
Sinclair, WY 82334
$14,995,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
Several miles of the fabled North Platte River grace the southern end of the Haystack River Ranch, just outside of Rawlins, Wyoming. A legendary history of native Americans, fur trappers, railroaders, and outlaws enliven the legacy of this part of Wyoming, and Haystack River Ranch lies in the middle of it all. With over 92,000 acres controlled in a combination of deeded and leased land, this vast property is a proven low overhead cattle operation, with notable fishing and hunting opportunities, along with intriguing investment potential in the domains of energy leasing and environmental credits. The North Platte River is the key to the productivity of Haystack River Ranch. The river supplies irrigation water for several hundred acres of irrigated and sub-irrigated meadows, which is the mainstay for the cattle operation on the property. In addition, numerous springs and 30 stock ponds keep livestock supplied throughout the ranch property. The ranch occupies the broad North Platte River bottomland at approximately 7000 feet elevation, along with the adjoining uplands and rocky Haystack Mountains. A mix of natural and irrigated grasslands, sagebrush, and rocky outcrops creates a classic "Wyoming mix" of habitat that serves big game herds of pronghorn, elk, and mule deer well. Hunting for these big game species, plus upland birds and waterfowl, is excellent on Haystack River Ranch. Trout fishermen need no introduction to the North Platte, as one of America's great trout rivers. It is large enough on the ranch to be fished either by floating or wading, and offers resident populations of brown, rainbow, and cutthroat trout, and even some walleye. The presence of sprawling Seminoe Reservoir a few miles downstream means that trophy-sized fish make their way up to Haystack River Ranch on a regular basis. The chances of hiking into fish measured in pounds is very real at Haystack River Ranch! In addition, the famed Miracle Mile of the North Platte is only a short drive away, as well as outstanding stillwater fishing in Seminoe Reservoir itself.
Property Information
Lot Size
92,447 sqft square ft
Property Type
Lots And Land
Year Built
--
MLS Number
1865218
Location
Address
475 COUNTY RD 324
City
Sinclair
State
WY
Zip Code
82334
County
CARBON
Listing
Provider
Mountain Retreat Real Estate, original listing
Name
Mountain Retreat Real Estate
Phone
(208) 339-3200
Office Name
Mountain Retreat Real Estate, LLC
Office Phone
(208) 339-3200
Agent Name
Ryan Olsen

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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.