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23103 Roosevelt Road
South Bend, IN 46614
$989,500
Conventional
Property
Bedroom
8
Bathroom
5
Property Type
Conventional
Square ft
4300
Property Description
Whether looking for a full-time home with rental income or related living, a weekend retreat, a getaway property or a place to pursue your hobbies, automotive, the outdoor space, the grounds and woods, this property has so much to offer. Hunting, fishing, swimming, biking, hiking, camping, trail or horseback riding are all possibilities in this outdoor paradise. Enjoy country living at its finest are in a large, updated home with a finished walk-out basement and a large barn with additional living space. The “Land Between Two Ponds” is a spacious 4400 Sq Ft custom-raised ranch built in 1978. The well-maintained and updated home has a natural stone and siding exterior and is positioned just about in the center of the over 19 acres. Sitting between the two 12 to 15-foot deep, fully stocked ponds, you have beautiful water views from just about anywhere in the house. There is plenty of space with a total of 7 large bedrooms and 4 full baths. On the main floor is the eat-in kitchen/dining area with sliding glass patio doors that go out to the massive 70-foot X 12-foot deck overlooking the pond and woods. A large double-sided natural stone wood burning fireplace separates the kitchen and living room. The big kitchen offers a nice blend of country and contemporary conveniences. Recent updates include high-quality stainless-steel appliances, a six-burner built-in gas cooktop, a range hood, double ovens, a big refrigerator, microwave, and dishwasher. Custom solid wood cabinets, plenty of solid surface counter tops, a kitchen island, counter seating, and natural stone tile flooring will make meal prep and dinner time more enjoyable. Anderson Sliding Doors and Windows allow a lot of natural light, great pond views, and easy access to grilling or outdoor dining on the back deck. In the fully finished basement, there is a big TV/Game area with another wood burning fireplace, pup seating and a fun and functional finished bar area. There are 3 more bedrooms or rooms that can be used for many things. The property also has a really nice, fully finished shop/barn with workshop, kitchen, office and upstairs finished living space. Whether your car collector or mechanic, into ATV's, Bikes, boats or other hobbies, you may love this space. The barn and finished space might also be good for a home based business or related and guest living. As you can tell from this description, this property is definitely a must see. Schedule your private showing today.
Property Information
Lot Size
19 acre(s) square ft
Property Type
Residential
Year Built
1978
MLS Number
202411272
Location
Address
23103 Roosevelt Road
City
South Bend
State
IN
Zip Code
46614
County
SAINT JOSEPH (NORTH)
Listing
Provider
William Minor, original listing
Name
William Minor
Phone
(317) 446-9500
Office Name
Whitetail Properties Real Estate
Office Phone
(217) 285-9000
Agent Name
Robert Styka

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HUD Foreclosures

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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Foreclosure Listings Increasing

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.