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00000 Road 5
Cedar Vale, KS 67024
Jake Kolb with L2 Realty, Inc, original listing - (620) 577-4487
$319,900
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
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Property Description
Western Chautauqua County has long been known for large acreage parcels, expansive native grass, rolling topography, and trophy Whitetail opportunities. This hard to find 80+/- acre property combines all of these opportunities into an affordable size acreage. Featuring multiple elevation changes, this diverse landscape offers breathtaking views and endless opportunities for outdoor enjoyment. With approximately 38 acres dedicated to hay production and part of a 5 year agreement with a tenant farmer in place, the property provides a valuable return on investment, while the native grasslands and mature timber create a thriving habitat for wildlife. Two ponds, with the potential for a third, add charm and utility, complementing the multiple wet weather drainages that naturally connect hundreds of acres of native grass. These drainages not only enhance the ecosystem but also create natural travel corridors for trophy whitetail deer. With a rich history of deer activity, the property boasts multiple ideal locations for food plots, making it a prime spot for hunting enthusiasts. For the rifle hunter, there are high points of elevation on each end of the property as well as in the middle of the property. These areas offer an eagle's eye view of the property regardless of wind direction, while also offering great ingress and egress leaving the majority of the property undisturbed as you come and go. With the archery hunter in mind, there are multiple tree stand options along the timber lined drainage that creates a natural funnel for rutting whitetails, as well as a centrally located Redneck blind and 2000# feeder that will transfer with the property. One look at the recent trail camera pictures and you can quickly see that there are large trophy caliber whitetails that have made it through the past season and are calling this area home. The land is fully perimeter-fenced and offers multiple points of entry, providing convenient access and security. All mineral, wind, water, oil and natural gas rights are intact and will transfer with no production. Whether you're looking to expand your farming operations, explore recreational opportunities, or simply enjoy the peace of nature, this property offers a rare and versatile investment. *80+/- Acres *Multiple Elevation Changes *Native Grass *38+/- Acres in Hay Production *ROI *2 Ponds with the possibility of a 3rd *Mature Timber *Multiple Wet Weather Drainages *Trophy Whitetail Deer Opportunities *Deer History *Multiple Food Plot Locations *Drainages connect hundreds of acres and provide multiple natural travel corridors *Perimeter Fenced *Multiple Points of Entry *Redneck Blind *2000 pound feeder *3.25 miles from HWY 166 *6 miles to Cedar Vale, KS *15 miles to Sedan, KS *53 miles to Bartlesville, OK *75 miles to Wichita, KS *95 miles to Tulsa, OK
Property Information
Lot Size
80 acre(s) square ft
Property Type
Land-Other
Year Built
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MLS Number
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Location
Address
00000 Road 5
City
Cedar Vale
State
KS
Zip Code
67024
County
CHAUTAUQUA
Listing
Provider
L2 Realty, Inc, original listing
Name
Phone
(620) 577-4487
Office Name
Office Phone
(620) 577-4487
Agent Name
Jake Kolb
Agency Phone
(620) 577-4487

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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.