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15710 Coles Creek
Atlantic Mine, MI 49905
JOSH STEIN with NORTHERN MICHIGAN LAND BROKERS - H, original listing - (906) 523-5575
$660,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
1600 Square Feet
Property Description
Brand new custom log home still under construction. Scandinavian log homes hand crafted this beautiful log package to be your dream home! This home is 3 bedrooms and 2 baths. 2 beds on the main floor with a full bath right across the hall. The Master bedroom is the second floor with a beautiful en-suite bath with a walk in shower and big walk in closet! Both bathrooms feature tile floors and showers, granite counters and Kohler fixtures throughout. The home will feature gorgeous maple floors and surrounding trim and custom maple doors to match. The kitchen is all beautiful custom maple cabinets to match as well with granite countertops. The ceilings are all corrugated metal to accent the floors in a unique fashion. The great room with its 22 foot ceilings is shared with the kitchen and dining area. All the lighting in the whole house is recessed and feature multiple lighting modes. This home is a must see to truly appreciate! The home features a boiler/ water maker which feeds the in-floor heat on both floors. It also gives you endless hot water to enjoy the spacious walk in shower. The boiler also feeds hot water to the in-floor heat in the garage. The house has been spray foamed from top to bottom for maximum efficiency. It will provide you with maximum heat retention in the winter and will keep you cool and comfortable all summer long. The garage is 896 feet on the first floor which is more than enough space for 2 pickup trucks and work space around them. The second floor loft area is 320 sq ft and is great for storage or a workshop or workout area. The garage has been spray foam insulated from top to bottom as well. The home is situated 460 ft off the road on 13.28 acres. It is secluded enough that you can’t see the road but you’re only 7 mins to Houghton. More pics and updates to follow as progress continues.
Property Information
Lot Size
13 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2024
MLS Number
--
Location
Address
15710 Coles Creek
City
Atlantic Mine
State
MI
Zip Code
49905
County
HOUGHTON
Listing
Provider
NORTHERN MICHIGAN LAND BROKERS - H, original listing
Name
Phone
(906) 370-4898
Office Name
Office Phone
(906) 523-5575
Agent Name
JOSH STEIN
Agency Phone
(906) 523-5575

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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.