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169 Abel Drive
Guttenberg, IA 52052
$409,900
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1400
Property Description
Welcome to Abel Island, probably the most unique and beautiful "island" airpark to be found anywhere on the Mississippi River channel. Abel Island is Northeast Iowa's drive-in, boat-in and fly-in residential oasis located two miles north of Guttenberg, Iowa. All of the 95+- homes on Abel Island have water frontage, with the Mississippi River channel fronting the island on the east and Bussey Lake providing water frontage and boat access from the west shorelines. This well maintained raised ranch home was built new in 2005, has 1,400 sf of living area, with a 12x14 three seasons room fronting the lake providing an additional 168 sf. There's plenty of room for guests with three bedrooms and two full baths on the main level. The primary bedroom features an ensuite bath and walk-in closet with an open kitchen and living area. The ground level garage provides an additional 1,400 sf of storage along with a half bath. Two overhead garage doors front Abel Drive for direct vehicle access from Abel Dr., with a third overhead door fronting the lake providing quick and convenient access to the shoreline. It's important to note that an upcoming dredging project has been approved by the US Army Corps of Engineers which is designed to enhance fish & wildlife habitat as well as improve overall lake conditions. There are great views of the Mississippi River channel and adjoining airstrip from all three bedrooms on the east side of the home and there's quick boat access to the river channel. This level lot is 75x77 with 75' of direct shoreline frontage and there's additional room for parking, camping, gardening etc. on the common area adjacent to the airstrip across Abel Dr.. The Abel Island turf airstrip runs N/S through the center of the island and is commonly owned by the Abel Island residents creating additional value to your property. The airstrip is operated and managed by Guttenberg Aviation Association. The home is served by a private septic system and sand point well. Selling with all appliances. This exceptional home has been used seasonally by the present owners, however, would make a great permanent residence as well. Life is better on the river! . Whether you're looking for a year round residence or a seasonal waterfront home on the Mississippi River in NE Iowa, call and book your showing today! Price recently reduced. Sellers are motivated. Offers are submitted for seller consideration. Please call today for your private showing! ​
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2005
MLS Number
11212120
Location
Address
169 Abel Drive
City
Guttenberg
State
IA
Zip Code
52052
County
CLAYTON
Listing
Provider
Wegmann Real Estate, original listing
Name
Wegmann Real Estate
Phone
(563) 923-7107
Office Name
Wegmann Real Estate & Appraisal
Office Phone
(563) 923-7107
Agent Name
Gary Wegmann

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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.