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12455 N Placid Lake Road
Seeley Lake, MT 59868
$9,000,000
Conventional
Property
Bedroom
16
Bathroom
17
Property Type
Conventional
Square ft
17486
Property Description
This is a legacy property, perhaps a once-in-a-lifetime ownership transfer in Western Montana. Grey Wolf Ranch has been owned by the same family for nearly 50 years, with very few owners since it was originally homesteaded. The magnificent property is nestled between the Mission Mountains and the Bob Marshall Wilderness, just a short distance from beautiful Placid Lake. Boasting more than 220 acres, and adjacent to thousands of acres of public land, Grey Wolf Ranch is also an astonishing 75 minutes from Montana's second largest city, Missoula, Montana. Grey Wolf Ranch is a Montana dream property, mountain views, two creeks, a spring-fed pond, meadows, lodgepole timber, sandhill cranes, moose, bear, beavers and bald eagles. Second only to the wildlife and views, the homes on this property range from historically significant to Montana iconic. The owner's cabin, constructed in 1928, has been lovingly cared for and drips with the history of the ranch. Views over the meadow and the mountains beyond are intentional, and the enormous dining table will remain to share the stories of prior generations. There are two additional guest cabins, as well as a charming A-frame, to accommodate ranch managers, paying guests, or friends and family. The newest cabin on the ranch, constructed entirely of logs harvested on the property, some more than 40 feet in length, provides an additional, luxurious one-bedroom accommodation for family, friends or guests. But the Belle of the Ball is the Main Lodge. Constructed of enormous, hand-scraped logs, and artisan masonry, the 2004 Lodge is the cornerstone of the ranch today. A chef's kitchen on the main level of the lodge offers every amenity needed for a private residence or small commercial operation. And in the lower level, a fully-licensed commercial kitchen offers the option for the new owners to continue operating Grey Wolf Ranch as a destination for celebrations. There is a full-service liquor license available, upon inquiry, as well. The lodge includes a massive gathering space with a custom masonry fireplace, locally constructed bar, and charming loft. The main-floor and bridal suite includes its own access to the outdoor decks, marble bath and steam shower. In the lower level, in addition to the commercial kitchen, a two-bedroom living area, complete with a second fireplace and full-bath, offers options for a wide variety of uses. In addition to the homes, there are many amenities not to be overlooked: The events pavilion was recently completed and is located near the wedding pagoda, pond, and horse shoe arena. The shooting range includes an underground skeet thrower and shooting shed. The working sawmill has milled many of the logs on the ranch and might continue to do so. There is an 11,000 gallon propane tank, a gasoline tank for equipment refueling, and a back-up generator large enough to keep the operation in full swing in the event of a power outage. Grey Wolf Ranch is perfectly situated, and has been thoughtfully curated. For more information or for your personal showing, please contact Julie Gardner at (406) 532-9233, or your Real Estate Professional.
Property Information
Lot Size
228 acre(s) square ft
Property Type
Residential
Year Built
2004
MLS Number
30023571
Location
Address
12455 N Placid Lake Road
City
Seeley Lake
State
MT
Zip Code
59868
County
MISSOULA
Listing
Provider
ERA Lambros Real Estate, original listing
Name
ERA Lambros Real Estate
Phone
(406) 532-9200
Office Name
ERA Lambros Real Estate Missoula
Office Phone
(406) 532-9200
Agent Name
Julie Gardner

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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.