Score
0Belgrade, MT
4186 Stimson Ln
6.8M
4 beds
2 baths
3,641 sqft
4 bd • 2 ba • 3,641 sf
This analysis was generated on 2/20/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$6,750,000
Price/Sq.Ft
$1,854
Year Built
1923
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Unique and Historic Property: The Star M Barn, a meticulously restored hand-raised barn built in 1917, offers a unique blend of rustic charm and modern amenities. This historical significance can be a major selling point for discerning buyers.
• Multiple Income-Generating Opportunities: The property includes a VRBO/Airbnb rental unit, a seasonal wedding venue, and leased farmland, providing diversified income streams. The potential for revenue generation can offset some of the property's operating costs.
• Sprawling Acreage with Breathtaking Views: Set on 33 acres in the picturesque Springhill area of Gallatin Valley, the estate offers breathtaking views of the Bridger Mountains and Ross Peak. The expansive land provides privacy and opportunities for outdoor recreation.
• Modern Upgrades and Amenities: The property features a fire suppression system, all-new electrical (800-amp service), buried wiring, high-speed internet capability, and thoughtfully designed lighting. The renovated farmhouse and guest house offer comfortable living spaces with modern appliances and finishes.
• Agricultural and Equestrian Potential: The property is well-equipped for agricultural or equestrian activities, with a corral area, small smokehouse, squeeze chutes, and leased farmland. This appeals to buyers interested in farming or raising livestock.
The Bad
• High Price per Square Foot: At $1853.89 per square foot, the property is significantly more expensive than the average single-family home in Belgrade, MT. According to Zillow data, the median price per square foot in Belgrade is around $400-$500. This premium reflects the unique features of the estate, including the historic barn, multiple structures, and acreage, but might limit the buyer pool.
• High Insurance Costs: The estimated annual insurance cost of $24,300 is extremely high compared to typical homeowner's insurance rates. This is likely due to the major flood risk and the presence of multiple structures on the property. Potential buyers should obtain detailed insurance quotes to verify this estimate.
• Dependence on Wells: The property's reliance on four wells for water supply could be a concern if the wells experience reduced capacity or contamination. Buyers should conduct thorough water quality testing and assess the wells' long-term reliability.
• Distance from Amenities: While the property is located 8 miles from Bozeman, it is situated in a rural area that may require longer commutes for shopping, dining, and other amenities.
The Ugly
• Major Flood Risk: The property has a major flood risk rating of 6/10, as indicated by FEMA Zone X_UNSHADED. This means that the property is located in an area with a significant potential for flooding, which could result in costly damage and disruptions. Potential buyers should carefully assess the flood risk and obtain appropriate insurance coverage.
• High Estimated Insurance Costs: The estimated annual insurance cost of $24,300 is exceptionally high, reflecting the property's flood risk and the presence of multiple structures. This could significantly increase the overall cost of ownership.
• Air Quality Concerns: The property has a major air quality risk rating of 5/10, with an average of 7 bad air days per year. This could pose health concerns for individuals with respiratory issues or allergies. Potential buyers should consider the impact on their health and lifestyle.
• Potential for High Maintenance Costs: The historic barn and multiple structures on the property may require ongoing maintenance and repairs. The age of the farmhouse (built in 1923) could also lead to higher maintenance costs. Buyers should budget for these potential expenses.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• High-End Investors Seeking Income-Generating Event Venues: The property's existing wedding venue business, combined with VRBO/Airbnb rental income, presents a diversified revenue stream with potential for scaling. The 33-acre estate provides ample space for hosting large events and accommodating guests. The 800-amp electrical service and fire suppression system are critical for commercial use.
• Buyers Interested in Equestrian or Agricultural Pursuits: The property features a corral area, smokehouse, squeeze chutes, and leased farmland, making it suitable for agricultural or equestrian activities. The four wells and three septic systems provide ample water and waste disposal capacity for livestock and farming operations.
• Buyers Desiring a Multi-Generational Estate with Income Potential: The presence of a renovated farmhouse, reclaimed lumber guest house, and VRBO/Airbnb rental offers comfortable living spaces for multiple families or guests. The income generated from the rental unit can offset some of the property's operating costs.
• Buyers Who Appreciate Historic Properties: The meticulously restored and renovated Star M Barn offers a unique blend of rustic charm and modern amenities. The property's history as a hand-raised barn built in 1917 adds character and appeal.
Not For
• Buyers Seeking a Low-Maintenance Property: The 33-acre estate requires significant upkeep, including landscaping, building maintenance, and agricultural land management. The presence of multiple structures and amenities adds to the maintenance burden.
• Buyers on a Tight Budget: With a price of $6,750,000 and estimated annual insurance costs of $24,300, this property is only suitable for high-net-worth individuals or investors. The ongoing maintenance and operating costs will also be substantial.
• Buyers Requiring Close Proximity to Urban Amenities: While the property is located 8 miles from Bozeman, it is situated in a rural area that may not appeal to buyers who prefer immediate access to shopping, dining, and entertainment options.
• Buyers Averse to Climate Risks: The property's major flood risk and major air quality risk may deter buyers who are particularly sensitive to environmental hazards. The estimated insurance costs reflect the flood risk.
Demographics
Area Median Income
$0
Property History
Price History
Ownership Timeline
$0Cash Purchase
Jun 15, 2017Brian K Blasberg, Loisi BlasbergMichael C Mellows, Linda R Mellows
Warranty Deed
Standard Sale (Purchase/Resales)
Property Taxes
$10,670
2024 Tax Assessment
1.9%from previous year
Assessed Value$1,525,644
Tax Rate0.70%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
High
5.0/10
AverageFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$0
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