Pictures of our new farm in Ky, finally

Re: Pictures of our new farm in Ky, finally

PostBy: samhill On: Wed Jan 18, 2012 9:17 am

Ugh, if you gotta ask you can't afford it, that's why I didn't ask, beautiful place there. :oops:
samhill
 
Hot Air Coal Stoker Furnace: keystoker 160
Hand Fed Coal Stove: hitzer 75 in garage
Stove/Furnace Make: keystoker/hitzer
Stove/Furnace Model: koker 160/ hitzer 75

Re: Pictures of our new farm in Ky, finally

PostBy: bksaun On: Wed Jan 18, 2012 10:29 am

Long story short,

This farm was listed for sale in 2009 for 1.2 million, it would have never brought that in this area, no matter the economy.

Original owner spent $750K in 2006 for farm and all buildings, he over spent in this area.

2008 he went broke (Insurance salesman and financial planner, go figure!)

After foreclosure and his death (Cancer) I bid $455K at public auction, bank bid $470K (Sept 2010)

In March 2011 I purchased it directly from the bank for $355K, (100K less than I bid 6 months earlier) :shock:

The bank never lost a dime, they probably made money! (Fed mortgage insurance, tax payer rip off). :mad:

Chance of a lifetime, I'm blessed is an understatement! :)

Bk
bksaun
 
Stoker Coal Boiler: Hybrid, Gentleman Janitor GJ-6RSU/ EFM 700
Hand Fed Coal Stove: Hitzer 503
Coal Size/Type: Pea Stoker/Bit, Pea or Nut Anthracite
Stove/Furnace Make: Hitzer/ EFM-Gentleman Janitor
Stove/Furnace Model: 503 Insert/ 700/GJ-62

Re: Pictures of our new farm in Ky, finally

PostBy: GA cracker On: Wed Jan 18, 2012 4:16 pm

BK, damn dude! I'm glad the Karma bus is going your way. You gotta be helping people or something. Good for you!
Cracker.
GA cracker
 
Hand Fed Coal Stove: Harman Mark iii
Coal Size/Type: nut
Other Heating: Central heat and air


Re: Pictures of our new farm in Ky, finally

PostBy: oros35 On: Thu Jan 19, 2012 10:35 am

A 180 acre farm down the road from me just sold for $1.3M. And the only buildings on it needed (and were) torn down. The marcelous shale gas boom is making land near impossible to purchase here now.

That land was bought by an investment company with the prospect of gas wells or gas transfer station. About 3/4 of the ground was nice tillable ground, the rest old woods ready to be logged. There were alot of people interested in it, my self included, but the sticker price had everyone laughing. Now everyone thinks their land is made of gold.

I'm starting to look now in hopes that I can find something I want that I can afford in the next 5 years. I have a nice place now, but not somewhere I want to live forever.
I would have jumped on a place like that, did what ever it took to find the $ to buy it.

Great find!
oros35
 
Baseburners & Antiques: 1912 Smith & Anthony Hub Heater #215
Stove/Furnace Make: Smith & Anthony Co.
Stove/Furnace Model: #215 Hub Heater

Re: Pictures of our new farm in Ky, finally

PostBy: freetown fred On: Thu Jan 19, 2012 12:30 pm

bk, what do you figure for taxes & upkeep per year? Just want to compare to available land we've got around here.
freetown fred
 
Hand Fed Coal Stove: HITZER 50-93
Coal Size/Type: BLASCHAK Nut/Stove mix

Re: Pictures of our new farm in Ky, finally

PostBy: NorthernIndiana On: Thu Jan 19, 2012 12:57 pm

What a buy! Great job. The place is beautiful.
NorthernIndiana
 
Hand Fed Coal Stove: DS Machine #4 Basement with Hopper, DS Machine 1300 Circulator
Coal Size/Type: Nut

Re: Pictures of our new farm in Ky, finally

PostBy: bksaun On: Thu Jan 19, 2012 6:17 pm

First year taxes were $2500. this year they will be $1500. due to being based on the actual sale price of the property, as far as upkeep we cut 350 round bales of hay last year and grew 5 acres of tobbacco, that helped with taxes and insurance.
bksaun
 
Stoker Coal Boiler: Hybrid, Gentleman Janitor GJ-6RSU/ EFM 700
Hand Fed Coal Stove: Hitzer 503
Coal Size/Type: Pea Stoker/Bit, Pea or Nut Anthracite
Stove/Furnace Make: Hitzer/ EFM-Gentleman Janitor
Stove/Furnace Model: 503 Insert/ 700/GJ-62

Re: Pictures of our new farm in Ky, finally

PostBy: freetown fred On: Thu Jan 19, 2012 7:50 pm

Yep, we learn to use everything including the oink to help out. ;) Those numbers aren't at all bad.
freetown fred
 
Hand Fed Coal Stove: HITZER 50-93
Coal Size/Type: BLASCHAK Nut/Stove mix

Re: Pictures of our new farm in Ky, finally

PostBy: CapeCoaler On: Mon Jan 23, 2012 12:20 am

Very nice...
That price will get you .5 acre and a 3 bed house on The Cape...
Get close to the water and the price goes way up...
Near that original asking price of your farm...
Prices hear are also getting closer to the earth...
Watching a house now that has dropped 100k in the last 6 months...
Needs to drop another 100k to reflect the current market...
Right place, right time, good karma...
CapeCoaler
 
Stoker Coal Boiler: want AA130
Hand Fed Coal Stove: DS Machine BS#4, Harman MKII, Hitzer 503,...
Coal Size/Type: Pea/Nut/Stove


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