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872 Skyevale Ne
Ada, MI 49301
$2,495,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
5872
Property Description
Situated in the prestigious gated neighborhood of Skyevale, this 2020 custom-built hilltop estate is nestled within minutes from downtown Ada and Knapps Corner, in the award winning school district of Forest Hills Eastern. All custom curated furnishings ($140,000) can be included with an acceptable offer. Upon entering this immaculate residence, you are greeted by the awe-inspiring 20-ft foyer, grand staircase, custom paneling features and expansive archways. Top-of-the-line oversized windows throughout the home capture the astonishingly rare hilltop views of Ada. Enjoy beautiful 8-ft solid wood doors and solid brass hardware throughout. At the heart of this home lies the chef's kitchen with custom built-on-site floor to ceiling cabinetry, quartz countertops and backsplash, expansive island, and top-of-the-line Thermador appliances including separate oversized fridge and freezer units, 6-burner range, double ovens, and ultra-wide range hood. The mudroom and pantry feature the same exquisite cabinetry and storage to match. Whether hosting intimate gatherings in the formal dining room or formal living room, to enjoying cozy evenings by the modern stone-stacked gas fireplace in the family room, every space is infused with a sense of warmth and sophistication. Absolutely no detail was spared in this home with endless features such as the indoor/outdoor Sonos sounds system, HVAC scenting system, central vac, added soundproofing, whole house gas generator, double-filtration water system, and near maintenance free landscaping. Smart features include lutron lighting system, smart thermostats, garage doors and more. Walk out to a heated, extra-large 1,600 square foot 4-car garage equipped with an electric charging station and additional storage space. Venture upstairs to the expansive primary suite boasting breathtaking hilltop views that go on for miles, tray ceilings, and a luxurious bath adorned with dual floating vanities, oversized steam shower, and custom walk-in closet. Three additional bedrooms and two additional full baths provide ample space and privacy for the whole family. Head down to the lower-level walkout that is adorned in the same custom finishes, providing no shortage of space for entertainment and relaxation. Host lively gatherings in the prestigious rec-room and lounge, mixing cocktails at the well-appointed wet bar, or relax with movie nights in the recently added theater room, working out in the fully equipped gym and sauna, and invite guests with the additional fifth on-suite bedroom. Step outside to the spacious entertainment patio, complete with a fully equipped outdoor kitchen/bar featuring high-end Hestan appliances, covered gazebo, 8 person hot tub, large screened in patio, and viewing patio overlooking the treetops. This private outdoor oasis is the perfect setting for hosting unforgettable gatherings.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
2020
MLS Number
24006435
Location
Address
872 Skyevale NE
City
Ada
State
MI
Zip Code
49301
County
KENT (NORTHEAST)
Listing
Provider
ReSIDE Grand Rapids, original listing
Name
ReSIDE Grand Rapids
Phone
(616) 419-9637
Office Name
ReSIDE Grand Rapids
Office Phone
(616) 419-9637
Agent Name
Kyle Visser

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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.