Home for Sale at 4208 Balls Ferry Road, Cottonwood, CA 96022

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4208 Balls Ferry Road
Cottonwood, CA 96022

Nikki Rodriguez with Coldwell Banker C&C Properties, original listing - (153) 022-1755 x0

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Property Details

List Price:	$2,300,000
Beds:	4
Baths:	Full: 3, ½: 1
Status:	Active
SqFt:	2614 Square Feet
Agency:	Coldwell Banker C&C Properties
Agency Phone:	(153) 022-1755 x0

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Description/Comments

Lot Size:	111 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	2003
Notes:	Welcome to Godman Acres, home to the 111 acre irrigated hay ranch in the quaint town of Cottownood, CA. For those that are looking for a haying or agricultural opportunity, this property is irrigated by the Anderson Cottonwood Irrigation District (ACID) and is currently a turn-key haying operation producing between about 5,000, 3-string bales of 4-way oat and grass over the course of two cuttings each year. An 80x80 north-facing hay barn holds between 6,200 - 6,300 bales and there is an additional 50x30 shop with a separate 40x20 workshop (ADU potential). At the end of the tree-lined, paved driveway sits the 2,614 sqft custom log home. With river rock accents on the interior and exterior of the home, clerestory and picture windows throughout the 4 bed, 3 bath home, a 9,300 kwh owned solar ...system and a fiberglass saltwater Viking pool and elevated sun deck allows you to fully enjoy living on this picturesque property, taking in the 360-degree views of Mt. Lassen, Mt. Shasta and the Trinity Alps. The home has beautiful two-toned kitchen cabinets that is open to the living and dining room. The living room has a gas-burning stove with a river rock surround that is made from rocks collected from a local, well-known ranch in Cottonwood. There is so much more to list about this property, please see the prospectus for additional details.
MlsNumber:	--
ListingId:	24-3497

Listing Provided By:	Coldwell Banker C&C Properties, original listing
Phone:	(530) 921-6540
Office Phone:	(153) 022-1755 x0
Agent Name:	Nikki Rodriguez
Disclaimer:	Copyright © 2024 Shasta MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

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.

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.

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