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147 Meins Road
Ryegate, MT 59074
$2,674,999
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1560
Property Description
Locomotive Butte towers over the horizon along the northwest edge of this historical and versatile ranch. A meandering trail leads to the top of Locomotive Butte where it surrenders sweeping views of Rafter J Ranch at Big Coulee. The sandstone rimrocks pile up in astonishing landforms while the fields below sprawl out among 2,104 deeded acres. Located 19 miles south of Ryegate, Montana, Rafter J Ranch provides advantages surpassed by few. The luscious grazing acres, fertile and nutrient-rich soils, and remarkable mountain views offer an outstanding blend of recreational and rural ranch living. Embrace this opportunity to own a diverse and efficient property with renewable water, the source that ranchers and farmers aspire for. With the improvements in place, little to no overhead is needed. The fertile farm ground can be leased to neighbors or utilized to grow your own feed. Draw in desirable wildlife such as elk by planting sainfoin and enjoy your recreational paradise. The sainfoin can double as a nutritious feed source for cattle that can be bailed and stored for winter. The south central Montana ranch will support 130 pairs or 260+ yearlings seasonally with proper management and can support 100 pairs year-round. Rafter J Ranch boasts an Artesian well with geothermally heated water that gravity feeds every pasture. Concrete stock tanks are located in each of the five pastures. A perennial stream traverses the ranch in addition to the 2 seasonal springs. With native grasses encompassing the valley floor, an elk herd of 120 head frequently visit Rafter J Ranch. Other wildlife that utilizes life-giving waters and nutrient vegetation and can be seen wandering the landscape include mule deer, antelope, black bear, mountain lion, and bobcat. The windrows provide excellent cover for pheasants and game birds. Recreational opportunities to hunt are endless. The Montana ranch has a 3 bedroom, 2 bathroom manufactured home well equipped as living quarters or a fabulous hunting base camp. The ranch is fully operational with working corrals, sorting pens, and numerous outbuildings. A well-maintained gravel road gives suitable access at two different points. The commute is an easy 80 miles to Billings, 46 miles to Harlowton, or 17 miles to Ryegate. Yellowstone National Park is 138 miles via the extraordinary Beartooth Highway, a nationally depicted highway. Trust your instincts and pounce on this productive and efficient ranch where recreational pastimes are available on a whim and a historical landmark forms a picturesque scene worthy of a postcard! Local Area Rapelje is a small farming community about twenty-five miles north of Columbus between Hailstone National Wildlife Refuge and Halfbreed National Wildlife Refuge. Both are a part of the Big Lake Complex and the most productive areas in central Montana for waterfowl and shorebirds. The refuge is a breeding ground for migratory birds and other wildlife. Ryegate, Montana lies on Highway 12 where the Musselshell River flows among sandstone and rimrock cliffs. The community is immersed in farming and ranching and serves as the county seat for Golden Valley County. South of Ryegate is Hailstone National Wildlife Refuge where waterfowl, shorebirds, pronghorns, and prairie dogs live harmoniously. The surrounding area is diverse and offers multitudes of recreational opportunities. Harlowton, Montana is home to the largest wind farm in the state. Additionally, Harlowton is the county seat of Wheatland County and lies among the three mountain ranges of the Crazy, the Little Belt, and the Big Snowy Mountains. The area is part of the Lewis and Clark National Forest where hunting and fishing opportunities are abundant. Agriculture remains the predominant industry in the economy where the main products are wheat, barley, oats, hay, cattle, sheep, and honey. The Musselshell River flows through the town. Billings, Montana is 92 miles from Harlowton.
Property Information
Lot Size
2,104 sqft square ft
Property Type
Farm And Agriculture
Year Built
1994
MLS Number
11155643
Location
Address
147 Meins Road
City
Ryegate
State
MT
Zip Code
59074
County
GOLDEN VALLEY
Listing
Provider
Corder and Associates, LLC, original listing
Name
Corder and Associates, LLC
Phone
(406) 622-3224
Office Name
Corder and Associates, LLC
Office Phone
(406) 622-3224
Agent Name
Trampus Corder

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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.