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N10226 Co Rd 356 Road
Stephenson, MI 49887
$2,580,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
2880
Property Description
MICHIGAN PRIVATE RETREAT FOR SALE! Experience the opportunity to own a saddle-notched Full Log Home that is strategically tucked into a 424+/- Acre parcel that maximizes everything you need to fit a North Country Lifestyle! - Located in eastern Menominee County in Michigan's Upper Peninsula, it is just a half mile from the Menominee River. This 116 mile long river forms the border between the Upper Peninsula of Michigan and northeastern Wisconsin, before draining into the Green Bay of Lake Michigan. - An exquisitely landscaped, manicured yard surrounds the home which overlooks a private pond. An additional pond filled with Walleye and Bluegill, the Sharkey Creek with bridge crossing, and woodlands filled with 12 blinds and feeders, dozens of apple trees, and food plots, for hunting Whitetail deer, Black bear, Grouse and Ducks, and trails for hiking, cross-country skiing and for riding your all-terrain vehicles are all part of the surrounding landscape. - The distinctive custom-built luxury log home has an interior mix of stone and wood which creates a warm and inviting atmosphere. The well planned openness throughout the Great Room, Dining and Kitchen makes it perfect for entertaining large gatherings. - The Great Room with its many large windows let in natural lighting, and are overlooking a large pond, stocked with trout. The central stone fireplace can be fueled with wood or gas and features a large wood mantel and copper lined wood bin. Handcrafted log trusses that support the eighteen-foot-tall ceiling, and authentic elk antler chandeliers enhance the Old World Style found here. - The large 20x 25 Kitchen balances country charm and functionality - It has abundant food preparation space, counters, bar-style seating, and modern appliances, including a beer-wine cooler. A huge custom log picnic table seats family and friends comfortably. - The first floor is complete with a First Floor Bedroom and 3/4 Bath. - Massive trusses above and a spectacular view over the Great Room at one end, and off of a private 6 x 14 Balcony overlooking the entrance drive way of the property at the opposite end, make the 6-Person Loft Sleeping Area a favorite space for guests. - The Lower Walk-Out Level contains a Recreation-Media room with a stone-faced fireplace with a Vermont Casting free standing wood stove. - A spacious Master Suite on this level has access to the 10x32 covered lower level porch, and a 7x9 walk-in closet. - A 3/4 Bath, a Hallway Closet System with storage for many guests, and large "L-Shaped" Utility Room complete this floor. - A 10x24 covered Front Porch, and 10x42 Deck off the Living Area, wrap around the home, and allow plenty of space for outdoor entertaining. - The roof features architectural shingles, copper clad valleys, and wide eaves. The large exterior upright posts are copper sleeved at their base. - Near the home is a 28x32 Log Two-Car Garage, 9x12 Generator Building, 18x20 Six-Foot High Fenced Garden Area. - A 50x88 Metal Pole Building down the paved drive must be seen to appreciate its massive storage capacity. It has its own 6x6 Generator Building, Buck Pole, and Fuel Tank. - An additional 26x30 Storage Building stores wood and equipment. Power is available through a utility company. As "back-up" you can use your own private generator system! - The property has many features for comfort, communication and security including central air conditioning, satellite television, cellular systems, security lighting, remote access live-cameras, and a gated privacy entrance. - Schedule your private tour of this Up-North Turnkey Residence or Vacation Retreat today!
Property Information
Lot Size
424 acre(s) square ft
Property Type
Residential
Year Built
--
MLS Number
50133006
Location
Address
N10226 Co Rd 356 Road
City
Stephenson
State
MI
Zip Code
49887
County
MENOMINEE
Listing
Provider
Name
Phone
Office Name
Great Lakes & Land Real Estate Co, Inc - Marq
Office Phone
(906) 228-9312
Agent Name
Timothy Keohane

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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.