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15432 Leonard Street
Spring Lake, MI 49456
$2,100,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
4500
Property Description
Amazing! Come enjoy this incredible home designed and built by David Bos Homes with all its spectacular water views! This Grand River Waterfront property offers several amenities indoors and out. With almost 2.5 acres of privacy and 4597 Sq. ft of an exceptional custom home, you can entertain to your hearts content. Walking up the brick walkway to the pillared front porch you can feel a sense of comfort in the casual beauty of the entry. As you open the door, a sense of amazement will come over you as you see the incredible views, spacious living room, dual fireplace, and high ceilings! The Master Suite provides a private retreat with a large bedroom with sitting area facing the water, a huge walk-in closet, and spacious bathroom with a double vanity and tiled, walk-in shower. The custom kitchen/dining room provides more water views and access to the deck to take the party outdoors. Along with the well equipped kitchen is a walk-in office/wet bar area and pantry. The upper level bonus room offers a private guest space for long term visitors with its own full bath. The lower level walkout includes a recreation room, two nice sized bedrooms, and a large storage room with area to exercise or get creative with a hobby. You'll have plenty of garage space with three full stalls with epoxy finish and a fourth stall under the deck for all your water sports gear. The perennials throughout the property provide the ultimate low maintenance garden profusely blooming throughout much of the year. The wooded front yard not only provides privacy, it creates an easy care area to enjoy a bonfire, a nature walk or biking the trail across the street. On the river side, the boat slip and docks give you access for boating in addition to the Grand River, to Spring Lake and Lake Michigan, swimming, kayaking and more. Hurry to make this amazing Grand River/Spring Lake property yours. Your family and friends will surely thank you!
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
2005
MLS Number
24018468
Location
Address
15432 Leonard Street
City
Spring Lake
State
MI
Zip Code
49456
County
OTTAWA
Listing
Provider
Visman Realty LLC, original listing
Name
Visman Realty LLC
Phone
(616) 455-1800
Office Name
KW NORTHERN MICHIGAN
Office Phone
(231) 947-8200
Agent Name
Jane Payne

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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.