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10560 Plaza Court
Jerome, MI 49249
IAN STEWART with ERA REARDON REALTY, L.L.C., original listing - (517) 782-2996
$1,000,560
Conventional
Property
Bedroom
1
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
3664 Square Feet
Property Description
Beautiful Custom Log Home on All Sports Lake Le Ann South. Come enjoy this beautiful lake in the ''Grandest Of Fashion'' Built in 2001, this magnificent lakefront property has awe inspiring cathedral ceilings throughout, complete open floor plan with beautiful lake views and 177 feet of water frontage. Located on a 0.66 acre lot on a quiet cul-de-sac, this home welcomes you with a large front porch area boasting well crafted fieldstone pillars and 8'' Swedish pine logs. Entering this warm and inviting home you will experience a very welcoming and spacious foyer area with half bathroom. The incredible open floor plan draws you into a great room that has a total WOW! factor. Custom fieldstone wood burning fireplace and chimney that effortlessly blends into the wooden logs and soaring structure of this home. Andersen windows throughout the home with a sun tint added to the expansive A frame windows in the great room. Great open kitchen area with recess and pendant lighting, custom cabinets, center island, pantry, breakfast bar and built in desk option. Decagon shaped dining room with panoramic views. The main floor also offers a very large primary bedroom with full bathroom and spacious walk-in closet, separate laundry room, mud room and full bath. The well crafted staircase leads you to the 2nd level where you experience a sizable open library / loft area that give you wonderful lake views, a private office area overlooking the main floor primary suite, large 2nd & 3rd bedrooms with double closets and an additional full bathroom. Lower walkout area has an abundance of room for entertaining with a bar area, a Caribbean ocean themed game room, storage room & utility room. Gen/ Tran whole home generator hook up, Geothermal heat system, 2.5 Car garage with additional area above currently used for storage but could be developed into additional living space. Additional Features Include: Large decks, patio, 6 person hot tub, heated driveway, additional parking area / basketball court, outdoor fire pit, boardwalk dock area within a no wake zone.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2003
MLS Number
--
Location
Address
10560 Plaza Court
City
Jerome
State
MI
Zip Code
49249
County
HILLSDALE
Listing
Provider
ERA REARDON REALTY, L.L.C., original listing
Name
Phone
(517) 414-9979
Office Name
Office Phone
(517) 782-2996
Agent Name
IAN STEWART
Agency Phone
(517) 782-2996

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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.