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3454 Foothill Road
Oscoda, MI 48750
$495,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3209
Property Description
Built in 2005, quality construction throughout, grand fieldstone fireplace, lots of room, up north woodsy feel yet bright & cheery, beautiful lot, sandy lake bottom, are some of the words that describe this 2,109 sq.ft, year round home with approximately 1,150 sq.ft. of mostly finished walk out lower level. Technically while there are four bedrooms & four baths, there is plenty of additional sleeping room. The two story plus great room with cathedral ceiling and skylights, fieldstone wood fireplace (ready for gas), and vast lakeside glass, gives a breath taking views of the lake. Or lounge in the 15'x7.5' second story loft and enjoy a different view of the lake. In the morning walk out and enjoy coffee and breakfast on the 12'x38' deck or go downstairs out the walk out doors and sit on the lower level 19'x38' deck. From the foam encased lower level 10' tall poured concrete walls, to the full glass lakeside French doors, the wood clad exterior windows, light stained solid wood doors and stained wood trim, the log stairs and stair rails, a blend of wood walls and some ceilings mixed with dry wall treatment, you will feel you are living in an top quality "up north castle" situated on the 1200 acre all sports Van Ettan lake. Add to all this the 32'x24' garage providing winter boat and water toy storage and you have it all! This is a must-see for the discriminating buyer!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2005
MLS Number
1920499
Location
Address
3454 Foothill Road
City
Oscoda
State
MI
Zip Code
48750
County
IOSCO
Listing
Provider
REAL ESTATE ONE NORTHEAST, original listing
Name
REAL ESTATE ONE NORTHEAST
Phone
(989) 739-9129
Office Name
REAL ESTATE ONE NORTHEAST
Office Phone
(989) 739-9129
Agent Name
ALLISON BROTHERS

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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.