Chatfield homestead

About This Deal

• This property truly stands out. The basement was completely finished just a few years ago, featuring hickory cabinetry and doors, along with high-end LVP flooring. The space functions as a one-bedroom, one-bathroom apartment with a den, currently rented for $1,200 per month. It includes a private entrance, dedicated laundry, and independent climate control; each floor of the home has its own system.
• The foundation is insulated with ICF, providing strong energy efficiency and exceptional warmth through the winter. Annual propane usage typically falls just under three 500-lb tanks. Each bedroom closet includes a built-in dresser, a thoughtful detail that enhances organization and storage.
• The barn, built in 2015, is another highlight. It is large enough to house a travel trailer and offers substantial flexibility for equipment or hobby use. The deed also includes an easement to the nearby river, a fantastic amenity for fishing, exploring, or simply enjoying the outdoors.
• Beautiful, mature timber surrounds the house, helping block wind while adding to the property’s appeal. Many of the windows face south, capturing abundant natural light and contributing passive warmth throughout the day.
• Approximately 20 acres are available for pasture, which could be leased to a local farmer at rates generally ranging from $100–$300 per acre for the growing season--an opportunity for the land to generate income. One pasture also has access to a water hookup and electricity.
• The property offers a rare combination of features: quality construction, income potential, recreational opportunities, and modern systems. All buildings, along with the septic and well, were constructed in 2015.
• Comparable sales further highlight the value. The property appraised at $1,00,090 two years ago, prior to the basement’s completion = instant equity. Meanwhile, a nearby 80-acre parcel with lower-quality land and aging tin-roofed buildings recently sold at auction for $1.3M. By any comparison, this property represents a strong opportunity.

Bonus Option: For any transaction closing prior to July 1, 2026, Seller shall have the option to remain in possession of the property via a lease-back agreement through July 1, 2026, at a rate of $5,200 per month (pro-rated daily).

There is closing flexibility with the possibility of extending seller lease back. No later than December 2026.

Transaction Details

• Closing Date: July 1, 2026
• Seller lease back to July 1, 2026 for closings prior to July 1, 2026
• Access instructions: must provide proof of funds and schedule showing w/ NovaNest Investments, LLC 612-440-2899
• Title company: Title Smart, Inc
• Earnest money required: $10,000
• Proof of funds required: Yes