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Newsletter from Montana - Minnesota
October 2007
Location, location, location - I listed a home, that has all three! It sits on 21 forested acres overlooking Livingston, the Crazy Mountain Range and the Yellowstone River. Only two miles off the pavement, three miles from the grocery store and it sits serenely and privately in the Absaroka Mountains (out of the wind!). From the home its 15 minutes to Chico Hot Springs, 25 minutes to Bridger Bowl for skiing and just six minutes to fine dining and shopping in Livingston. It is beautiful you should see it! It has a two story arched window, which is mirrored inside with a stone arch. Three stone fireplaces make this home really cozy, one for wood (living room), one for gas (serves dining room and den) and one electric for the master bedroom suite, which also serves as nightlight if you do not want to turn on the heat. Granite countertops, solid core hemlock doors, custom hickory kitchen, a huge deck off the master, covered porch to enjoy the view (even looks great at night with all the city lights) and a three-car garage with shop area. There is a root cellar, which could be made into a wine cellar, I found that intriguing. The outside is stucco, so it blends well into the rocky landscape, you can hardly see it. The home is 5,600sqft huge with room to expand, so it would lend itself for a retreat, B&B or anything else you can think of, there are NO covenants and NO association fees, if the road needs grading, they pass the hat. A herd of deer made their home at the back of the property and looking toward Livingston Peak, there is an elk meadow. So far, the owners got a six pointer every year for their freezer. There are seven bedrooms and four baths, it comes furnished (log furniture!) and tastefully decorated for a turnkey operation. If you have no use for the furniture, make an offer! For the area and for what you get it is reasonably priced at $ 1,150,000, take a look:
montanahereicome.com/Livingston
The Red Lodge Ski Mountain was bought by JMA Ventures LLC. The deal closed on October 22, 2007. JMA Ventures also owns Ghirardelli Square in San Francisco and the Homewood Mountain Resort in Lake Tahoe, along with the ski mountain there.
The manager of this ski resort came to see me last week and bought some acreage, just in case he will be transferred, but he also feels that this purchase would be a great investment. When he moved to manage the ski resort in California, he bought a lot there for $ 49,000. Now it is worth close to a million. So, this is a hot tip and anything you can snag here is probably a good investment.
Lots with sewer service within a mile of downtown Red Lodge cost $ 90,000 for half an acre (you will still need a well). Lots with all city services start at
$ 95,000 for 15,000 sqft.
Six to eight miles north, you can buy 3.5 to 5 acres for $ 140,000 to $ 185,000, where you need septic and a well.
63 lots smaller than 20 acres have sold around Red Lodge this year until today with a median price of $ 125,000. 33 of those lots were under an acre in size.
I just listed
14 acres with a small spring fed creek for $ 145,000 fourteen miles north of Red Lodge. This lot has fabulous mountain views and is all level, so you can build a barn for your horses. Roberts is situated 1,500 feet lower than Red Lodge (5,700ft elevation) which makes a big difference regarding snowfall and road conditions during winter months. From there it is only 40 minutes to Billings, if you need to commute to work.
The rentals in Red Lodge are scarce now and will get scarcer, so you might want to take a look at the
Duplex I have listed. It hardly ever had a vacancy and I do not think it ever will even if you raise the rent.
Many people commute to Billings from Red Lodge for work. Billings is growing at a rapid rate also and the GE calling center is moving in along with Cabela's. The unemployment rate in Billings is 1.9% and they are running out of workers! The foreclosure rate in Montana is less than 1% of all mortgages, which amounts to just a handful of properties statewide for the year. The
automotive shop I have listed in Billings lowered its price to a measly $ 785,000, which is a steal, you can make that back in a little over a year!
In Bridger, which is half an hour east of Red Lodge, a new sawmill opened up. They have 22 employees, which is a lot of people for that small town.
Now for NW Minnesota, which is still an undiscovered gem, the winters are getting milder and there is plenty of water even though the summers are drier there now too, which keeps the mosquito populations to a bare minimum. The ground is fertile and the huge forests are harboring plenty of wildlife, while the lakes are full of healthy fish. But, since word did not get out yet, we just listed
80 acres for a measly $ 63,500 On the border of Kittson and Marshall County. Kittson County is part of the "WATERS of the Dancing Sky" while Marshall County, where this land is located is part of the "LAND of the Dancing Sky". This is one of the best locations in the lower 48 to experience the Northern Lights.
Another bargain to be had is a
Shop/Home/Office right along Highway 10, which connects Detroit Lakes (lake cabin country) in Minnesota to booming Fargo in North Dakota with about 11,000 vehicles passing by daily; great location to jumpstart a business. On top of this, the building provides separate 1200 sqft 3bdr/1bath living quarters, which makes the commute to work nonexistent. Directly connected to the home is a 15' x 35' office. This office has a separate entrance, which provides a great space for work of any kind. Two additional garages are attached to this office and have been used as storage or auto repair facilities. The parking lot is paved and provides space for about 8 cars. It's only $ 75,000!
Looking for a great community to raise a family? Looking for a small town feel, yet do you want big city life near by? Do you want quality schools with a wide variety of programs for your children? Would you like to experience Minnesota Lake Country? Well this is it! Located just 22 minutes from Fargo, ND and Moorhead, MN is Hawley. Check out Hawley's website.
Hawley is the perfect "bedroom community" that sits between a great number of lakes and the cities of Fargo/Moorhead. For play and work, Hawley is a great location to call home. This beautiful property sits just two blocks off highway 10 and is four blocks from the
high school and elementary school.
Located on a corner lot
the home is highlighted by the well kept lawn with numerous flower gardens, vegetable garden, evergreen trees and hardwood trees. This 2 story home welcomes you with a covered porch and tall pine trees. Despite being built in 1896, the home has many updates yet retains its character and charm. Newer siding with compressed foam insulation keeps the home warm and cozy during the winter months. Other features of the home include 3 bedrooms, 1.5 baths, 2 stall attached garage, 1488 square feet and many built-in cabinets/shelves. $147,000
If you like a nice lot to build the cabin of your dreams We have
3.44 acres and 4.38 acres for $ 145,000 each.
These two lake lots are a rare find in Minnesota Lake's Country. Located on Lake 10, both lots feature extremely private lake access, as there is no public boat launch. So your privacy is a guarantee on a lake that has excellent walleye, northern pike, crappie, sunfish and bass fishing. The lake has few homes occupying its wooded shoreline and is surrounded by rolling hills. These lots face the south to southwest and have great views of the sunsets.
Another highlight of the lots is the perfect elevation that would allow for a walk-out basement and an earth bermed home. Views from the upper part of each lot are amazing as you look out across the lake to the heavily wooded hills. Loons, bald eagles, ducks and geese frequent these waters. On my trip to photograph the lots I walked up to the shoreline just after an eagle dropped down to catch a fish. Next time I visit, I will be sure to have a rod!
Behind those lots is a
wooded 3.86 acres lot for $ 55,000. You can still see the lake, but you are not allowed to touch it ;-)
Certain land in Minnesota is very productive and does not even need any kind of irrigation. We have
1005 Acres of Quality Minnesota Ag Land listed for $3.97 Million.
Seller will lease back at 5% return for 3 years. Not only that but because of the strategic location between the lakes country of Minnesota and the growing city of Fargo, ND, this land will lend itself to development also.
Looking for a solid investment? This is it! Tillable farmland is at its highest demand and the supply is low. Appreciation seems inevitable. Ethanol has fueled the tremendous increase in the price of corn and with that the price of land. National Defense advisors have labeled the oil and energy craze "a national security issue." This attitude conveys the fact that we need to be self-sufficient and seems to be backed up with the 16 ethanol plants in Minnesota and the 5 others currently under construction. Many gas stations there now also offer ethanol.
These 1005 acres are located between the rich and dense soil of the Red River Valley (near Fargo, ND) and the sandy soils of Detroit Lakes, MN. The land holds moisture, yet can shed the heaviest of rains. The yields can match those of the bean and corn belt. This season the seller is anticipating close to 200 bushel/acre corn. Other factors that make this land valuable include its location to main roads. The land is located on Duck Lake (97 ac and 12 ft deep) and LaBelle Lake (124 ac and 18 ft deep). The lakes are connected by a culvert and both hold good numbers of walleyes, northern pike, sunfish, crappie and bass.
We also have smaller chunks of lakeshore for sale with 2500 feet of shoreline on LaBelle Lake,
215 acres for $ 1,720,000 Lakeshore lots with a minimum size of 2 acres are selling for $ 75,000 to 98,000 in the area.
and
215 Acres of
Wetlands/Woods/Farmland.
This property is a rare mix of wetlands, woods, and farmland in the heart of Minnesota's Lakes Country. Wildlife frequent this area and the seller has allowed his employees to hunt deer here each fall. Ducks and geese frequent the farmland and wetlands in great numbers. This setting suites the nature lover who wants amenities close by. The land could be developed or used as your own personal wildlife refuge. A Ducks Unlimited easement has been sold on the wetland's area so the shoreline can not be altered. $ 1,720,000
Another development tract:
251 acres for $ 2,100,000
This is a mix of commercial and residential land around the city of Lake Park, MN (pop. 840). The commercial land of 125 acres has 4,500+ feet of frontage on Hwy 10. The residential land connecting to the city is in tracts of 57 and 69 acres. The community will be voting on a new school this winter. This kind of activity shows the positive direction where Lake Park is heading.
Minnesota is a great state for helping adults with disabilities.
Check out
this website and see the class titled "Choice for Adults
with Disabilities" and you can see one example.
Here is another link about the
State of Minnesota.
Check out this site for health care programs and policies.
Now you might want to take a break and
watch this... It will blow you away: be prepared to turn your speakers up.
My Goosebumps had Goosebumps after viewing this! Watch the faces of the judges as this gentleman walks out on the stage. You can almost see what they are thinking as they pre-judge this guy, based on his looks and the fact that he is a cell phone salesman. Maybe this man stopped believing in what people told him and ultimately started listening to his passion.
Have a wonderful month of November, and I hope you can hitch up with all the people you love around Thanksgiving!
:-)
Best Regards,
Dorothea Lowe, Broker
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