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8168 N Fernwood Circle
White Cloud, MI 49349
$1,999,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
5165
Property Description
Leave the stress behind when you travel the road leading to the gated driveway of this magnificent 167 acre four parcel estate with multiple lakes and ponds, custom Amish built guesthouse, indoor dressage arena, three stall horse barn with heated and cooled tack room, and much more! Buried utilities, including high-speed internet! Stunning luxury custom built home with four bedrooms, three and a half bathrooms at the edge of a fifteen acre stocked and aerated lake. Walk in to soaring ceilings in the great room with a custom stacked stone fireplace topped by a mantle created from a tree removed during construction. Custom gas log insert. Australian cypress flooring. Oversized glass French doors that open to a lovely screened in porch with built-in gas grill. The kitchen featur high-end appliances including a La Cornue gas range with electric oven, integrated sub-zero refrigerator and double freezers. Butcher block island is African hardwood. Dining room features lovely bay windows with a window seat and a massive armoire, which serves as a bar for your beverages and glassware. Rounding out the main level is a primary bedroom with en suite with soaking tub, heated flooring, heated towel racks and custom built-ins. An enclosed four-season sunroom with heated floors and vented air conditioning round out this luxurious retreat. Second level bedrooms are roomy with ample storage. Don't miss the hidden access to the fourth bedroom that is located above the garage with a private kitchen, private bath and a balcony overlooking the lake. Currently being used as a home office, but would make a wonderful mother-in-law suite. The lower level of the home is a lovely surprise with the billiards room, theater space, and a workout room with sauna. Oversized cedar closet for seasonal storage and lots of extra storage spaces too! Two stall garage with heat and air conditioning has ample storage, countertops, and working mudroom space and a generously sized dog wash. Integrated whole home generator. Three bedroom two bath Amish built log home which serves as a wonderful guest house. Private high-speed internet and integrated whole home generator. This property is for a discerning buyer who wants to have it all! Fifteen minutes from town and less than an hour from Grand Rapids! Wooded rolling hills interspersed with trails wide enough for horses, quads, bikes, walking, and skiing.This home is in a magnificent setting where it blends into the landscape like it belongs. As you can imagine, this property is home to all kinds of wildlife and endless varieties of birds. Bring your horses, chickens, goats, whatever your heart desires! See an extensive amenties list in the documents and photos. Schedule your in-person visit to see this magical, peaceful, private oasis soon.
Property Information
Lot Size
167 acre(s) square ft
Property Type
Residential
Year Built
2002
MLS Number
24009394
Location
Address
8168 N Fernwood Circle
City
White Cloud
State
MI
Zip Code
49349
County
NEWAYGO
Listing
Provider
Five Star Real Estate Whitehall, original listing
Name
Five Star Real Estate Whitehall
Phone
(231) 733-3080
Office Name
Five Star Real Estate Whitehall
Office Phone
(231) 733-3080
Agent Name
Louise St. Amour

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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.