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Pine Creek Road
Grantsville, WV 26147
$1,650,000
Conventional
Property
Bedroom
--
Bathroom
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Property Type
Conventional
Square ft
--
Property Description
OVERVIEW Sit quietly by the lazy river, embrace the forest's stillness, own the shade beneath an ancient oak............. Upper Cain on The Little Kanawha River is an 835+/- acre multi-use, recreational, residential, and timber investment opportunity. With its vast, contiguous acreage, and three miles of direct river frontage, Upper Cain presents an opportunity to create a lasting generational legacy. Estimated $517,000 in ready to harvest timber, thereby producing a strong cash flow to offset purchase and holding costs. The vigorously growing forest is a tremendous Carbon Sink. Carbon Credits could possibly be leased to provide additional income. Upper Cain's extensive ecological and conservational values provide many essential ecosystem services, including rainwater filtration, carbon dioxide sinking, oxygen production, and wildlife habitat enhancement. HIGHLIGHTS *Three miles of direct frontage on the Little Kanawha River *835+/- acres multi-use, timber investment, agricultural, recreational and residential *Upper Cain presents an opportunity to create a lasting generational legacy *Estimated $517,000 of timber ready for immediate harvest producing a strong cash flow to offset purchase and holding costs *Carbon Credits are intact and have not been sold or leased and will convey *Proximity to America's newest national park, the 80,000-acre New River Gorge National Park & Preserve *Miles of forest trails for ATV riding, hiking, camping, hunting and nature viewing *Electric available at roadside, good cell coverage, StarLink available for high-speed internet *Dark skies with little or no light pollution for star gazing and planet observation *Large size lends itself to create a wonderful country retreat - very private but not remote *Jet airport service to major cities in Charleston *The mature forest is comprised of Red Oak, White Oak, Hickory, Poplar and Maple *Perfect for all water sport activities supported by the Little Kanawha River *Town amenities are 10 minutes to Grantsville, the Calhoun County seat *90 minutes to Charleston, the State Capitol and WV's largest metro area *Amazing resident wildlife population rich in diversity and ever changing *Fur bearing - deer, black bear, squirrel, rabbit, bobcat, raccoon, fox, chipmunk, opossum *Area winged wildlife includes Neotropical songbirds, turkey, grouse, eagles, herons, hawks, owls, ravens, king fishers, ravens, crows, and hummingbirds *Dynamic forest with some old growth trees estimated to be 150-200 years old *Rock outcroppings for rock climbing, bouldering and exploring *Forest soaks up tons of Carbon Dioxide and produces tons of life-giving oxygen *A rewarding off-grid permaculture lifestyle can be easily developed *Several interstates provide access to higher population areas of Charleston, Morgantown, Pittsburg, Cincinnati *Surrounded by high mountain farms and large timber tracts in a quiet rural neighborhood *Low taxes, low population density *The 600+ mile long Hatfield-McCoy ATV trail recreation area is 90 minutes *The mineral rights have been reserved in previous deeds in the chain of title: the property will convey Surface Only DRIVE TIMES Towns/Highway I-77, Ripley Exit 138: 1 hour 10 minutes I-79, Burnsville Exit 79: 50 minutes Flatwoods: 1 hour Grantsville: 5 minutes Glenville: 25 minutes Parkersburg: 1 hour 5 minutes Spencer: 40 minutes Sutton: 1 hour 5 minutes Charleston: 90 minutes FOREST/TIMBER RESOURCES The 772 acres +/- timber resource is well positioned for current timber income as well as value appreciation over the coming decades. With an attractive species mix, adequate stocking levels, and favorable diameter class distribution, the timber amenity represents a strong component of value to the investor. The forest of Upper Cain has been well managed. A 2024 forest-wide inventory shows a projected commercial harvest value of about $517,000 (the landowners share) that might be paid by forest products companies in a competitive sealed-bid sale.
Property Information
Lot Size
835 acre(s) square ft
Property Type
Land-Other
Year Built
--
MLS Number
--
Location
Address
Pine Creek Road
City
Grantsville
State
WV
Zip Code
26147
County
CALHOUN
Listing
Provider
Foxfire Realty, original listing
Name
Phone
(304) 645-7674
Office Name
Office Phone
(304) 645-7674
Agent Name
Richard Grist
Agency Phone
(304) 645-7674

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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.