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Highway 99 & Road 20
Madison, KS 66860
Cameron Roth with Vaughn-Roth Land Brokers, original listing - (620) 888-3040
$495,000
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 Flint Hills build site is located near the Greenwood/Lyon County line between Madison and Olpe. The property offers a great location for building your forever home with excellent access combined with all the seclusion and joys country living has to offer. With rural water, electrical, and fiber internet lines running along the edge of the property, paved road access, strong income from high CRP payments, grazing for your cattle and horses, and good hunting opportunities this offering truly has it all! The parcel totals 143.3-acres in size and is located approximately 5-miles south of Olpe and 3-miles north of Madison along HWY 99. The parcel lays gently to moderately rolling with 65' of topography change and is located in a beautiful area just north of the Verdigris River Valley with excellent Flint Hills area views. The parcel includes a nice combination of CRP ground with mixed grasses, clean native grass pasture, timbered draws, and access to utilities providing excellent opportunities for the ag producer, outdoor enthusiast, and those looking for a beautiful location to build their dream home in the country. For those looking to build in the country this parcel is a great candidate and shouldn't be overlooked. The property has great paved road access with HWY 99 running along the entire western border of the property (Rd 20 also runs along the northern border of the property). The tract lays between Olpe and Madison which both offer good small schools for those with kids and is conveniently located within a 15-minute drive of Emporia for those working in town. Rural water, electrical, and fiber internet lines are all located along HWY 99 on the western side of the parcel providing all the needed utilities for a successful home build. Whether you want to build on the front side of the parcel near the highway or build on the beautiful hill overlooking the pond on the backside of the parcel this tract offers multiple beautiful locations to build your future home and has utilities easily accessible. For ag producers and investors this tract offers great potential as well. The property includes both CRP and pasture acreages providing good income and utility. CRP acreage on the property has an excellent payment with a long contract term offering great income for many years to come. CRP acreage totals 88.67-acres with a very strong annual payment of $80.64/acre which totals $7150/year (typical CRP payments in the area are $50-$60/acre) and a phenomenon contract term running another 13-years through the fall of 2037. CRP grass is in good condition having all been sprayed and hayed in 2022 and half of it hayed again in 2023. In addition to the CRP acreage on the parcel the property includes a beautiful 35-acre pasture in the back half of the tract. The pasture includes primarily average to above average quality fencing (with exception to southern fence), beautiful rolling topography, a nice pond, and clean native grasses that have been well cared for. This area is an excellent area for those looking to run cattle or have horses. In addition to the excellent potential for a build site and the strong agricultural aspects the property possesses the tract also includes great hunting opportunities with deer, turkeys, and quail frequenting the area. The property is located in a strong hunting area lying just north of the Verdigris River Valley with a draw running directly into this tract from the Verdigris River Valley to the south. Additionally, Kelly Branch Creek is located 1/2 mile west of the property and Tate Branch Creek is located 3/4 mile east of this property. These are both major creek branches running off of the Verdigris River with lots of deer passing through the subject property traveling between two creeks. You aren't going to want to miss your chance to purchase this highly attractive Lyon County parcel. With rural water, electrical, and fiber internet lines running along the edge of the property,
Property Information
Lot Size
143 acre(s) square ft
Property Type
Land-Other
Year Built
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MLS Number
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Location
Address
Highway 99 & Road 20
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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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.