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12955 Paradise Drive
Dewitt, MI 48820
$850,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
5406
Property Description
DeWitt. Stunning waterfront home in Lakeside Preserves Subdivision with over 4700 approx. square feet of luxury and amazing views from most every room! Dramatic foyer entry, floor to ceiling windows in the great room, gleaming hardwood flooring throughout most of the main two floors, custom beautiful stone fireplace, built ins, plus access to the amazing maintenance free decking with views of the water and a wraparound deck including see through glass railing, plumbed in firepit and gas grill. Enjoy the gourmet kitchen with a large informal eating area that feels like a sunroom nestled in a bay window. Year-round enjoyment with the lake views of the island as you prep meals. A walk-in pantry, glitzy granite countertops, eating bar, stainless steel appliances with two ovens, 3 door refrigerator and six burner Wolf gas stove plus Bosch microwave and dishwasher. Wonderful custom drop zone/mud room with cubbies and access to the 2.5 to 3 car end load garage. The formal dining is accented with pillars plus an archway and conveniently located. The study has a glass french door, an amazing bank of windows, southern exposure, and special copper looking embossed ceiling with great heights. The main floor primary is just yummy, with high tray ceilings, deck access and a charming sitting area in the bay window. The private tiled bath includes a Whirlpool tub, 2 vanities, shower plus a separate stool area and a walk-in closet. The wrought iron staircase is just breathtaking. Talk about flexibility with the usable loft offering a dormer window, gleaming wood flooring and makes for a great getaway. Two large bedrooms, one with a lakeview and one with a walk-in closet. Amazing second floor laundry with folding space, fold down ironing board, loads of cabinets, a window plus a space to sort. Great sized compartment bath plus a bonus, hangout room with an arched window! If this is not enough, check out the full walkout lower level! Media space, fourth bedroom, full bath, exercise room, game area and handsome granite and glass top full bar with a kegerator, wine refrigerator, sink, full size refrigerator, and amazing space to entertain off the water! Incredible three season sunroom with porch paneling and wonderful pressed and stained concrete floors! Loads of storage plus another garage/workshop/boathouse for all the outside lawn furniture, lawn equipment, plus hot and cold water too! Recently redone beautiful and low maintenance landscaping with perennials. Smart thermostat. Swimming, paddle boarding, kayaking, sail boating, fishing, ice skating and more! Neighborhood amenities include pickleball/tennis courts, boat launch, volleyball courts, basketball courts, beach, and playground. Live the dream in your lakefront home close to town. Wired for sound, New roof, New water heater, Added mudroom, New carpet in the upstairs playroom, New cabinet accents in the great room. Updated lighting fixtures (kitchen bar area, dining room and foyer), Landscaping and drainage to Lake, Shingles 2021, Water heater 2023, new furnace motor. Seller reserves TV's and trellis. Approximate room sizes: Wet bar 17x14, sun room 17x19 with stone floor, media area 18x15 and wired in garage for a generator.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2003
MLS Number
279480
Location
Address
12955 Paradise Drive
City
DeWitt
State
MI
Zip Code
48820
County
CLINTON
Listing
Provider
Coldwell Banker Hubbell BriarWood, original listing
Name
Coldwell Banker Hubbell BriarWood
Phone
(517) 492-3398
Office Name
Coldwell Banker Realty-Okemos
Office Phone
(517) 349-4406
Agent Name
Lynne VanDeventer

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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.