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3893 Danbridge Drive
Lansing, MI 48906
$459,900
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3044
Property Description
Dewitt Schools! Fabulous new listing in Saffron Hills! Stunning 3050 +/- square foot four bedroom 3 1/2 bath two-story home nestled on a large, fenced parcel on a quiet beautiful street. Wonderful open floor plan plus many upgrades throughout, including a fully finished daylight lower level! Wonderful laminate flooring through most of the main floor. Enjoy the flex space off the upper foyer. Easily a formal dining/study/playroom or your choice. Attractive great room anchored by a wonderful gas log fireplace, lovely transom windows enhancing the room with eastern exposure, 9-foot ceiling heights that open to the generous kitchen and an informal eating area. Access to the large deck and fenced backyard including an underground smart irrigation system. The kitchen has a large center island eating bar, gleaming granite countertops, loads of rich dark cabinetry, workspace, a popular 4 door refrigerator plus a large walk-in pantry and range. The perfect floor plan with a drop zone off the back hall and access to three car garage! Convenient 2nd floor laundry with sorting space. If you need 5 bedrooms, the loft could easily be enclosed or used as a hangout space or bonus area. Good sized bedrooms including a wonderful private primary bath featuring a lovely shower with Euro door and pebble stone flooring, separate toilet area, double vanity with two sinks and granite counters plus two walk-in closets! The lower level has a charming wet bar with floating shelves, game and media space, daylight windows, a full bath and a fourth bedroom! Home is set up for a future generator and uses Board and Water Light. Enjoy the neighborhood, walking trails and quiet street with sought after Dewitt schools, close to highway access and more.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2018
MLS Number
279526
Location
Address
3893 Danbridge Drive
City
Lansing
State
MI
Zip Code
48906
County
CLINTON
Listing
Provider
Coldwell Banker Hubbell BriarWood, original listing
Name
Coldwell Banker Hubbell BriarWood
Phone
(517) 492-3398
Office Name
Coldwell Banker Realty-Okemos
Office Phone
(517) 349-4406
Agent Name
Lynne VanDeventer

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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.