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1080 Twp Rd 181
Bellefontaine, OH 43311
Jerold Wiford with Choice Properties Real Estate, original listing - (937) 842-2244
$2,900,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 2
Property Type
Conventional
Square ft
9400 Square Feet
Property Description
Are you looking for a large family home, with room for horses and tillable land to add to your income? This could be just what you are looking for! 80 acres+/-, approximately 60 tillable, 2 acre stock pond, large 3 stall horse barn with hay loft, tack room & a 1 bedroom apartment, large pasture area with a 3 sided shed for cover. The main house, was designed by the current owner, spacious rooms, 10 foot ceilings, 6 inch walls, poured concrete basement walls, 2 furnaces, 2 water heaters, 5-6 bedrooms, one currently used as an office. 4 full bathrooms. Screened in porch, sun room, large living room with woodburning fireplace, dining room, kitchen, laundry room, 1 guest bedroom, owners suite, with gas burning fireplace all located on main floor. Second floor has 2 large bedrooms and a full bath. Basement has kitchenette, large family room with wood burning stove, 1 full bathroom, 1 nice sized guest bedroom, 1 nice sized room currently used as an office with a half bath, storage area with a sauna and 2 mechanical rooms with ample storage, every room in the home has a view of the large pond. Large porch facing the pond, there is a nice beach area near the pond. 1000 gal underground propane tank is owned. Lawn has an irrigation system. Owners state there are many deer that visit the property, geese & ducks visit the pond, Eagles have been spotted flying over the pond and the property as well.
Property Information
Lot Size
80 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1999
MLS Number
--
Location
Address
1080 Twp Rd 181
City
Bellefontaine
State
OH
Zip Code
43311
County
LOGAN (COUNTY)
Listing
Name
Phone
(937) 844-9156
Office Name
Office Phone
(937) 842-2244
Agent Name
Jerold Wiford
Agency Phone
(937) 842-2244

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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.