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4325 Chancellor Drive
Dewitt, MI 48820
$495,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
2881
Property Description
Welcome Home to 4235 Chancellor Drive located in Lakeside Preserve in Watertown Twp. Dewitt Schools. This exciting ranch has been loved and offers 1996 square feet on the main floor and another 885 square feet finished on the lower level, featuring daylight windows. It has 5 bedrooms and 3.5 baths and a versatile floor plan to match a growing household, multi-generational compound, or one that suits someone who desires to have everything needed on one floor. Plus, it is close to the neighborhood park for everyone in your household to enjoy. This home is inviting and bright, especially with its freshly painted main floor living areas. This well-built home offers generous living and entertaining spaces, informal and formal dining spaces, custom built-ins, a stone-faced fireplace, ceramic floors, quartz countertops, and more. If you have been looking for a newer one-story home, that is move-in ready at closing, this one might be it! The kitchen is where everyone gathers and this area has a nice open space for informal dining and plenty of cherry cabinetry, quartz counter space and island, tiled backsplash, and newer stainless-steel appliances. The back hall keeps it all together where you access the garage, ½ bath, and laundry room that includes the washer, and dryer. A large formal dining room can also be used as a library, home office, or playroom if needed. The great room features a gas fireplace that is encased in floor-to-ceiling stone and includes a large-screen TV. Three spacious bedrooms occupy the east wing, two of which share a center hall bath and a primary suite with a walk-in closet and a private tiled bath with shower and extra linen storage. Head on downstairs where there is an expansive recreation space with built-in bookcases and TV space, daylight windows, game storage, and more. There is a 4th bedroom and full bath on the east side of the lower level and a 5th bedroom, office, or in-home gym on the west side of the lower level with a tiled floor and glass doors. In addition, there is an abundance of storage space to hold everything else in the mechanical room and a 200 amp electrical panel. This home is super special and is on a nicely landscaped 1/3 acre homesite. The front porch is covered and a perfect spot to sit and chill sipping your favorite beverage, while the back yard has a large composite deck, raised brick garden beds, and open space for the ones in your household to hang out and have fun. Come and visit! You'll love it too!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2005
MLS Number
279682
Location
Address
4325 Chancellor Drive
City
DeWitt
State
MI
Zip Code
48820
County
CLINTON
Listing
Provider
Tomie Raines Inc., original listing
Name
Tomie Raines Inc.
Phone
(517) 351-3617
Office Name
Berkshire Hathaway HomeServices Tomie Raines
Office Phone
(517) 351-3617
Agent Name
Lisa Fletcher

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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.