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30 Carter Mountain Road
Cody, WY 82414
$1,295,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
4676
Property Description
The 4 Cross Ranch is a beautiful 4676 square foot home sitting on 4.56 flat, usable acres in the heart of the Southfork Valley in northwestern Wyoming. With 360* views of mountains and lakes the scenery is stunning in every direction. LandThe property in is a flat, usable 4.56 acres. It is fenced and ready for livestock. The pastures are irrigated with ditch water. ImprovementsThe 4676 square foot home has been thoroughly remodeled in true Wyoming style. The warm, barn wood interior with large window views in all directions and circle-sawn, fir flooring , give this home class and comfort. The barn is a combination of finished office space, a finished shop with rollup door and 3 stall/storage areas. The barn entrance and front have been re-sided with fir. There is new insulation and it has been completely re-wired. There are 2 livestock shelters, one which has been made into a chicken coop, suitable for horses or any farm animal. The property is fenced for livestock and irrigated with Lakeview Irrigation ditch water. RecreationCody Wyoming is on of the premier recreation areas in the intermountain west. In the spring, summer and fall months there are endless opportunities to get outside and enjoy the west. Horseback riding, hiking, bicycle riding, water skiing, fishing, hunting, camping and exploring off road, are just some of the choices; either from, or within 15 minutes, from the 4 Cross. In the winter there are two ski areas about an hour from the property. Snowmobiling and cross country skiing are also easy, close options. The hunting and fishing is world class in Cody. There are thousands of acres of public land available to hunt, and multiple blue ribbon fisheries, some less than 15 minutes from the property. Yellowstone National Park is 50 miles west of Cody, As the closest town to the East entrance of the park, Cody enjoys robust tourism in the summer months. AgricultureThe property is fenced and irrigated. Water/Mineral Rights & Natural ResourcesIrrigation water is ditch delivered seasonaly. Region & ClimateCody Wyoming sits at about 5000. There are 4 distinct seasons to enjoy. The town of Cody is the hub of the Bighorn Basin with several supermarkets, multiple restaurants, hotels and a historic western downtown. The Buffalo Bill Center of the West is an exceptional cultural attraction that has 5 different museums as well as year round lectures and exhibits. HistoryBuffalo Bill Cody had a vision to create a town and develop the surrounding area with productive agriculture. At the center of town is the historic hotel he built, and named after his daughter Irma. He was instrumental in getting the dam built on the Shoshone River in order to create irrigation water, municipal water and power for the area. As the richest man in the country for a time, there are many lodges and ranches that share his history. LocationThe 4 Cross is located about 13 miles from town up the Southfork Valley. The town of Cody has a population of about 10,000 but services the entire Bighorn Basin. The Yellowstone Regional Airport is 20 minutes from the property with daily flights to Denver.
Property Information
Lot Size
4 acre(s) square ft
Property Type
Residential
Year Built
1977
MLS Number
11216517
Location
Address
30 Carter Mountain Road
City
Cody
State
WY
Zip Code
82414
County
PARK
Listing
Provider
Hayden Outdoors, LLC, original listing
Name
Hayden Outdoors, LLC
Phone
(970) 674-1990
Office Name
Hayden Outdoors Real Estate
Office Phone
(970) 674-1990
Agent Name
Sandy Ballou

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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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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.