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0 U Road
Madison, KS 66860
Cameron Roth with Vaughn-Roth Land Brokers, original listing - (620) 888-3040
$999,999
Conventional
Property
Bedroom
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Bathroom
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Property Type
Conventional
Square ft
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Property Description
This highly attractive 120 +/- acre diversified tract is located in northern Greenwood County along the Verdigris River. We are honored to represent the Kile Trust with the sale of the property via online auction. This parcel is an exceptional unit for the area with good quality agricultural land, strong recreational appeal, and build site potential located in the beautiful Flint Hills. The tract features 39 +/- acres of prime class I bottomland cropland, 115' of topography change, thick cedar bedding cover, mature hardwood timber, clean native grasses, nearly 3500' of Verdigris River frontage, and utilities located near the parcel making the property highly desirable to the recreational buyer, ag-producer, investor, and those looking to build in the country. The property totals 120 +/- acres and is located in northern Greenwood County west of Madison along the Verdigris River. The property features premium bottomland farmland, nearly 3500' of the Verdigris River frontage, heavy timber with mature hardwoods and thick cedars, and clean native meadow with utilities located near the property making the parcel a top-of-the-line unit desirable to many buyer types. To the agricultural producer, the tract offers multiple land use options. Crop acreage on the parcel is located in two level to gently rolling fields and totals roughly 39-acres. Crop ground is of exceptional quality with 95% of the crop ground on the property being composed of class I Reading Silt Loam bottomland soils (top soil type in Greenwood County). Grassland on the property has been used recently for hay production and is in good condition ready to be hayed or grazed. The property currently doesn't include a pond but has two draws where a pond could be built, or a rural water meter could be installed, and utilized for watering livestock. For recreational buyers, the grass acreage on the property can be hayed during the summer for income and then left alone in the Fall during deer season. For cattle operators, the grass acreage on the property would make a nice location for wintering and calving cows with good protection from northern winds. In addition to the strong agricultural aspects of the tract it also includes strong recreational appeal with exceptional hunting and fishing opportunities present. Crop acreage on the parcel acts to hold wildlife on the property year-round, not just a pass-through parcel. The property includes a very large timber covered bluff in its southeastern portion south of the river with mature hardwood timber and thick cedar bedding cover present. Large rubs are spread all throughout the timber with tons of deer sign throughout. The tract also offers multiple thick timbered draws in its western half. The property offers both bow and rifle hunting opportunities with the Verdigris River corridor acting as a highway for bucks searching for does during the rut. Large mature roost trees are located along the river and bluff offering good turkey hunting opportunities as well. The property includes nearly 3500' of Verdigris River with the landowner controlling both sides of the river. The river offers great opportunities for fishing, waterfowl hunting, and swimming. A large portion of the property is highly secluded and not visible from the public road offering wonderful seclusion and privacy to wildlife frequenting the tract. For those looking for a location in the country to build their forever home, this property offers multiple options for build sites as well. The property features great views of the surrounding Flint Hills and the Verdigris River Valley. A rural water line runs through the southern edge of the parcel along the road. Please contract Greenwood County Rural Water District #3 to verify rural water meter availability and capacity. Electrical service is located near the property as well. Overall, this is an exceptional property for the area. Land located along the Verdigris River rarely
Property Information
Lot Size
120 acre(s) square ft
Property Type
Land-Other
Year Built
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MLS Number
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Location
Address
0 U Road
City
Madison
State
KS
Zip Code
66860
County
GREENWOOD
Listing
Provider
Vaughn-Roth Land Brokers, original listing
Name
Phone
(620) 888-3040
Office Name
Office Phone
(620) 888-3040
Agent Name
Cameron Roth
Agency Phone
(620) 888-3040

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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.