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404 Barry Drive
Alger, MI 48610
$4,149,000
Conventional
Property
Bedroom
9
Bathroom
6
Property Type
Conventional
Square ft
9962
Property Description
Whitetail Properties is proud to present this truly special property in Northern Michigan, over 475 acres of pristine property with miles of trails and roads and one of the most spectacular log homes we have ever had the privilege of bringing to the market. As you enter through the large gated entry, a long, winding, manicured gravel road takes you back to one of the most beautiful and well-built custom log homes you will ever see. Built by one of the most reputable and talented log home builders, this log home is like something out of a movie or a magazine. With just over 10,000 sq. ft. of living space among 3 levels, this home has it all. There are 2 beautiful stone fireplaces in the house. 6 bedrooms plus a TV Room, Storage Room and a Playroom could also be used as additional bedrooms. There are 4 full bathrooms and 2 half baths. A large safe room with concrete walls and a vault door. A beautiful large custom kitchen with a full walk-in pantry and a large island. There is a large game room with a full bar area. On the lower level, there is an additional kitchen/bar area and a hunter's room perfect for storing gear and getting ready for the hunt. A large spa area with an extra large hot tub and a large cedar sauna room is the perfect spot to relax. There is a full wrap-around deck that has been all recently re-finished with trex decking, along with a large screened-in porch area that provides spectacular views in all directions. From a mechanical standpoint, no expense was spared with a multi-zoned Geothermal HVAC system for heat and Air Conditioning. There is a standby backup generator system in case of a power outage. If you so choose, a windmill system on site could be put back into operation to generate your electricity off-grid. A complete surveillance system has been installed to see all parts of the home at all times. There is a large maintenance building for storing all your equipment, ATVs, tools, and equipment that has been finished to match the log home. The detail that has gone into the home's construction is amazing and shows throughout. The property itself is just as spectacular as the log home. Numerous lush green food plots with elevated blinds are strategically located throughout the propertya stocked pond filled with Bass and beautiful views around every corner. The property is extremely diverse with beautiful timber of all species, oak, maple, poplar and pine, areas of thick bedding and cover for the wildlife. Besides the stocked pond, there is a trout stream for even more fishing opportunities. Larger tracts like this are hard to find in northern Michigan, especially property that has all of the features this has. Loaded with deer, turkey, bear, and other wildlife, whether hunting, fishing, hiking, trail riding, or just enjoying nature, this is truly an outdoorsman paradise. The property is conveniently located off of M-33 just south of M-55, north of I-75 and is not far from other Northern Michigan attractions. The Rifle River Recreation area is just NE of the property. The Rifle River is very close to the property, where you can enjoy more fishing opportunities, kayaking, or canoeing. Several inland lakes are nearby, like Lake Ogemaw and Peach Lake. Several very nice golf courses, like the Dream and the Nightmare, are a short distance away. Thousands of acres of state and federal land are nearby for even more recreational opportunities like trail riding or snowmobiling.
Property Information
Lot Size
475 acre(s) square ft
Property Type
Residential
Year Built
2009
MLS Number
23029890
Location
Address
404 Barry Drive
City
Alger
State
MI
Zip Code
48610
County
ARENAC
Listing
Provider
Whitetail Properties Real Estate, LLC, original listing
Name
Whitetail Properties Real Estate, LLC
Phone
(231) 330-4107
Office Name
Whitetail Properties Real Estate, LLC
Office Phone
(231) 330-4107
Agent Name
Jeff Chilman

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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.