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8542 Monad Road
Billings, MT 59106
$1,499,500
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
1232
Property Description
An equestrian refuge of refinement, this incredible property features numerous advantageous attributes. With 17.2 irrigated acres, featuring three cross-fenced pastures, it is a paradise for your horses or livestock. In addition, a private pond is situated on the property with fish and Canyon Creek runs year-round. A secluded road leads you through a gated entrance where you can find tranquility just six miles from the bustling city of Billings, Montana. The top-of-the-line Pella windows capture gorgeous views of the bluffs and landforms in the 2,464-square-foot home encompassing 4 bedrooms, 2 bathrooms, and a walkout basement. Sophisticated and sleek, the kitchen has been newly remodeled to feature solid wood floors and granite countertops. Emitting a cozy and relaxing glow, unwind in front of the high-efficiency wood fireplace insert. Attached is a two-car insulated garage with a wood stove to keep the space warm for winter projects. For your animals, keep them sheltered in a spacious 30' x 60' barn with three stalls. The property offers ample hay storage, a tack room, a corral, a round pen, and a three-acre pasture with secure goat fencing. Find a private oasis by the pond or marvel at the stunning sunsets that provide a backdrop while lounging by the inviting fire pit. The gated property provides ample room to roam and space to park your toys, including RV parking. Consider adding to the property such as glam tents or a tiny home to rent out for additional income. Comprised of irrigated lush land, a peaceful pond, and a beautiful home, your dream acreage awaits in the heart of Big Sky country. Local Area The booming city of Billings, Montana is rapidly growing to make sure to keep the title of the largest city in Montana. As the county seat of Yellowstone County, it is considered to be the trade and distribution center for much of the state, east of the Continental Divide, Northern Wyoming, and western portions of North and South Dakota. Billings has superb shopping, delicious dining, and boisterous breweries. The city offers a range of recreational activities with 45 miles of multi-use trails for biking, hiking, or dog walking. The city itself is situated in a beautiful area carved out by the Yellowstone River and surrounded by the majestic Rims. Billings truly has all the amenities and is immersed in history. Area Attractions Zoo Montana Zoo Montana is a zoological/botanical garden, accredited arboretum, and educational facility in Billings Montana. Its mission is to educate on the conservation of wildlife throughout Montana. The zoo cares for over 80 animals including Amur Tigers, Grizzly Bears, Wolverine, River Otters, Takin, and Canada Lynx, among others, most of which are rescues. Little Bighorn Battlefield This national monument is 15 miles southeast of Hardin, Montana, and is famously where Custer took his last stand. Pompey's Pillar The Expedition of Lewis and Clark gives us a historical account of their journey through Montana, and at Pompey's Pillar, you can view William Clark's signature carved in stone. It is the only physical evidence left of the Expedition and will leave a lasting impression on you as well! Pictograph Cave State Park Come to contemplate the origins of humankind when they were prehistoric hunters. The three main caves, Pictograph, Middle, and Ghost, display hundreds of pictographs or rock paintings with the oldest rock art being over 2000 years old! Lake Elmo State Park An outdoor oasis that offers swimming, hiking, boating, sailboarding, fishing, and picnicking, this 64-acre reservoir is just inside city limits! Big Lake Big Lake Wildlife Management Area (WMA) lies in the Hailstone Basin and is the terminal lake in a series of lakes which include Hailstone and Halfbreed National Wildlife Refuges. The WMA encompasses 4,409 acres of land owned by FWP plus an additional 354 acres of State and BLM land. Primary hunting opportunities include waterfowl, upland birds, antelope, an
Property Information
Lot Size
17 acre(s) square ft
Property Type
Farm And Agriculture
Year Built
1975
MLS Number
11238060
Location
Address
8542 Monad Road
City
Billings
State
MT
Zip Code
59106
County
YELLOWSTONE
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

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.