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120 Mackinac
Harsens Island, MI 48028
$479,900
Conventional
Property
Bedroom
6
Bathroom
3
Property Type
Conventional
Square ft
3247
Property Description
Home is in the process of being emptied out & cleaned. Inside pictures & video to come soon! 1st time on the market! Family Estate. Current owners' parents were married at St. Marks Church on the Island in 1968 & had their reception at the home when it was owned by a previous family member. Always lived-in year-round. Large Sprawling home with HUGE nicely groomed property. Close enough to the St. Clair River to have a view of passing freighters from EVERY room on the river side of the house, including the living room, dining room, kitchen, screened in porch & 3 of the upstairs beds, but far enough from the busy main road South Channel Drive to have a safe, quiet place for family gatherings, pets, ample room for children to play, parking for RV's, boats etc. River access via an easement that is only shared with the 2 other houses on the street. Perfect for fishing, swimming, a picnic or launching a small boat or Jet Ski. Directly across the river is Canada, specifically Walpole Island, a First Nation Native American Indian Reservation. 3 Lots total, property backs up to woods at the end of a short dead-end street & can be built on as desired. House is primarily as-it-was when built, other than standard maintenance, a new roof, driveway & addition of central heat & A/C. Keep the vintage charm or make it your own, the possibilities are only as endless as your imagination! CENTRAL A/C (on lower floor), CITY WATER, NATURAL GAS, SEPTIC, FIREPLACE, & DIRECT TV equipped. Walking distance to the quaint town of San Souci, where you'll pass Tashmoo Marina on the way, which was once Tashmoo Amusement Park, a favorite destination from 1871 to 1951 via steamships from Detroit &Port Huron, some of which is still standing. "Downtown" San Souci is straight out of a Mark Twain novel & features a Library, Museum & Historical Society, Market, Coffee Shop, Resale store, River Front Shop & soon to re-open historic San Souci Bar & Grill. If you're looking to get away from the hustle & bustle of city life, this location offers a level of History, natural beauty, peacefulness & serenity you'll be hard pressed to find anywhere else. The island is part of the largest freshwater delta in the world, while being within an hour or so from Detroit & its neighboring suburbs via car, which requires taking a short ferry trip to the mainland, increasing its privacy & exclusivity. If you're looking for an outdoorsy refuge to hunt, fish, boat etc, a quiet peaceful getaway, or just a step back to living in a time when things moved slower & people were more polite and friendly...Welcome Home! 1st Floor: •Attached Garage •Workshop w/Wood Burning Heater •Greenhouse (River View) •Breezeway w/ Screened in Porch (River View) •Outdoor Patio Slab (River View) •Kitchen w/Breakfast Area (River View) •Dining Room (River View) •Large Living Room w/FP (River View) •Bedroom •Office Nook •1/2 Bathroom •Full Bathroom 2nd Floor: •2 separate stairwells •5 Bedrooms (3 w/River View) •1/2 Bathroom
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
--
MLS Number
50121183
Location
Address
120 Mackinac
City
Harsens Island
State
MI
Zip Code
48028
County
SAINT CLAIR (SOUTH)
Listing
Provider
Re/Max Advisors, original listing
Name
Re/Max Advisors
Phone
(586) 725-1900
Office Name
RE/MAX Eclipse New Baltimore
Office Phone
(586) 725-1900
Agent Name
Laura Janski

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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.