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8390- 8392 Lower Valley Pike
Bethel Twp, OH 45344
$1,600,000
Conventional
Property
Bedroom
5
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
--
Property Description
The opportunity to own a farm of this caliber doesn't come along very often. Mill Creek Equestrian has two homes and a full training/ boarding facility. The main home has 5 bedrooms and 2 1/2 bath with large open kitchen that walks out to the side yard and professionally maintained pond. There are 29 matted stalls. Twenty in the main barn, thirteen 12x12 and seven 12x18. Two 12x12 in the Isolation barn. Seven stalls in the bank barn, two-10x12, four 12x12, and one 12x15. The main barn has individual boarder lockers, a beautiful Show Aisle, with h/c wash rack and grooming bays, climate controlled office, and feed room. From the show aisle you walk out to the jaw-dropping Indoor Arena. The Indoor is 80x150' with clear panel garage doors, commercial lighting, and dust free sand footing with Reiten Right additive. There is a large 20x 80' viewing loft and lounge overlooking both the indoor and outdoor arenas with storage area underneath. The outdoor arena is a massive 100x250'. Breaking babies? No Problem, with the 60' permanent round pen. This farm offers 15 4-board pastures of various sizes spanning over 16 acres and a 50' x 70' wood fenced all weather rehab paddock with limestone footing. The current owner bales the back 17 acres getting aprox. 3000 grass mix bales a year. Hack out on the acres of fields or cut trails through the 20 acres of woods and cross the gorgeous creek with old train tracks. The incredible bank barn is a breath of nostalgia with the Bob Evan's advertisement from when they shot a commercial there. The top of the bank barn holds about 3500 square bales and 150 round bales. The bottom houses the stalls and ample storage. The tenant home is absolutely adorable! 1900sf 3bd 2.5ba permanent manufactured home, interior fully renovated in '21 and 22'. With a Detached oversized 2 car garage. All of this only minutes from the highway. There is a 60 day post closing protection clause required to protect current boarders.
Property Information
Lot Size
67 acre(s) square ft
Property Type
Farm-Other
Year Built
1880
MLS Number
--
Location
Address
8390- 8392 lower valley Pike
City
Bethel Twp
State
OH
Zip Code
45344
County
CLARK
Listing
Provider
eXp Realty, original listing
Name
Phone
(866) 212-4991
Office Name
Office Phone
(866) 212-4991
Agent Name
Jessica Bloom
Agency Phone
(866) 212-4991

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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.