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6238 Winters Trail
Kewadin, MI 49648
$3,750,000
Conventional
Property
Bedroom
4
Bathroom
8
Property Type
Conventional
Square ft
7210
Property Description
Looking for the perfect secluded getaway in a wooded lakeside locale that is still easy to get to by plane? Ensconced in a lush surrounding of 6.5 acres of matured oaks, maples and pines, this stunning house in Elk Rapids, MI boasts over 200 feet of a private white sand beach on Grand Traverse Bays pristine turquoise waters, yet is still within a half an hour of Cherry Capital Airport in Traverse City. Set in an idyllic area of Northern Michigan often referred to as the Third Coast due to its vast expanse of coastline on the Great Lakes, the area surrounding this property provides many of the amenities one would expect of small coastal towns such as sandy beaches, woods, smaller lakes, local farmstands, fruit orchards, vineyards, microbreweries, art galleries and golf courses. Midway between Traverse City & Charlevoix-Harbor Springs, this houses location provides a plethora of options for engaging activities while still maintaining privacy. Both towns provide endless opportunities for foodies to indulge in local culinary delights. Back at the house, eagles, owls, deer, racoons and squirrels inhabit the surrounding woods. With nature at your doorstep, enjoy active summers full of swimming, biking, sailing, bbqs and bonfires. Stunning fall colors and beautiful winters provide for glorious views year round. A unique estate designed by architect Karen Swanson, the house takes full advantage of its gorgeous location with its 35 ft tall great room windows. The view surrounds the house and you can enjoy the same bay views from the dining room as you can from the living room, the deck or even from the home office. Outside, a special treat waits for all lovers of water toys. A boat house provides ample lakeside storage on the ground level. Upstairs it houses a spacious sauna & outdoor entertaining space and full bath. With all this to offer and more, this home can be the ideal place for you to enjoy and make memories for years to come. It is truly a unique opportunity.
Property Information
Lot Size
6 acre(s) square ft
Property Type
Residential
Year Built
2005
MLS Number
1909523
Location
Address
6238 WINTERS TRAIL
City
KEWADIN
State
MI
Zip Code
49648
County
ANTRIM
Listing
Provider
Coldwell Banker Schmidt Family Of Companies, original listing
Name
Coldwell Banker Schmidt Family Of Companies
Phone
Office Name
Schmidt Realtors
Office Phone
(866) 603-5140
Agent Name
Camille Campbell

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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.