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10222 Augusta Lane
Piqua, OH 45356
David Galbreath Jr. with Galbreath REALTORS, original listing - (937) 339-0508
$1,000,000
Conventional
Property
Bedroom
5
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
3629 Square Feet
Property Description
Have you ever heard of a Barndominium style home? This unique custom-built home appears on the outside with its red standing seam roof as a barn but is a beautiful home along with a barn for horses and other animals situated on 29 acres with frontage along the 11th par 5 hole of the Piqua Country Club in Springcreek Township just on the North side of Piqua. See more information at the end of these remarks. The master kitchen is open to the great room with a vaulted ceiling and heated wood flooring. The kitchen has cherry cabinets, granite counter tops, double oven, gas countertop stove, trash compactor and a unique hammered copper sink. The first-floor main bedroom with its large bathroom, walk in shower, double sink and soaking tub, and walk in closet and a second bedroom with a full bathroom is on the first floor. On the second floor there are 3 partially unfinished drywalled bedrooms and a finished full bathroom along with a balcony and office (21' x 10') overlooking the great room area. The oversized side load garage doors measure 18'x14' and 24'x14' that can handle a motor coach and anything smaller. There is also a partially finished kitchen and laundry area to the rear of the garage area with an unfinished loft area to be a sewing room. The house is heated by a gas fired boiler with water lines throughout the floors along with electric heat pumps for auxiliary heat and summer air conditioning. The horse barn measures 51'x 28' that is completely open to be configured the way you want but in an enclosed 4 wall area accessible from the garage area or the rear barn doors. Also, there are two cold storage rooms and both measure 21' x 11' which can be a tack room or simply storage. Also, there is a fenced pigsty, fenced chicken coop and a three-sided open horse shelter. The 29 acres are fenced into two pastures with electric fencing around the perimeter. This land was to be part of the Greens of Springcreek Subdivision, and the developers installed City of Piqua water and sewer lines with a proposed plat plan and utility easements. The current owners purchased the land and built their home before it was developed. The land fronts on the Piqua Country Club and could be replated for numerous single-family homes with city utilities which offers additional income opportunities. There is a lot to see and to enjoy as your horse farm with development potential.
Property Information
Lot Size
29 acre(s) square ft
Property Type
Residential-Farm
Year Built
2017
MLS Number
--
Location
Address
10222 Augusta Lane
City
Piqua
State
OH
Zip Code
45356
County
MIAMI (County)
Listing
Name
Phone
(937) 339-0508
Office Name
Office Phone
(937) 339-0508
Agent Name
David Galbreath Jr.
Agency Phone
(937) 339-0508

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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.