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1365 Bridlewood Lane
Williamston, MI 48895
$795,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
5023
Property Description
This highly desirable neighborhood in Williamston offers over 13 acres of open space, and natural, scenic, and riverfront trails perfect for exploration, walks and picnics. 1365 Bridlewood sits on a private .90 homesite and backs up directly to the common green space and the Red Cedar River. This former parade home offers 5120 sq. feet of living space, 5 bedrooms, 5.5 baths, 2 fireplaces, a home office, formal dining, theater, exercise room, wet bar, sauna, and 3 car garage. Your timing is right to own and enjoy this home and all the outdoor activities including the 28 x 40 inground pool, firepit, patio, and deck areas. Once inside, you will feel right at home, especially with all the natural light, voluminous ceilings, and open living areas this home has. The expansive entryway opens to the second-floor balcony and catwalk that spans both sides of the home. All three bedrooms on the second floor are super spacious and have walk-in closets and a private bath. The main floor flow is nice offering a newly modernized home office with new custom French doors adding privacy when needed. Solid surface flooring, triple crown molding, and custom built-ins add to the delightful sophistication and charm of this home. The kitchen features black leathered granite countertops and plenty of cabinets, storage, and workspace to feed your crew. The back hall features closet or pantry space, a large separate laundry room with a ton of extra storage possibilities, and access to the garage. You will love the Great Room and the focal point being the superb floor-to-ceiling stone fireplace to cozy up around in the cooler months in Michigan. The primary bedroom on this floor is incredibly special! It is super comforting with its size and relaxing views outdoors, and features a wonderful size walk-in closet, and private bath with dual vanity, jetted tub, and private step-in shower. Head downstairs to the walk-out lower level to find another recreational area with a fireplace where you can watch the big game, enjoy your favorite snack and beverage from the wet bar/kitchenette, or head outside to the patio area for a BBQ with friends. Take in a movie or game in the theatre room that includes the speakers, woofer, screen, projector, and main receiver. The exercise room is next to the sauna and 5th bedroom and full bath, a bonus for guests or your exercise routines. The exercise room could also become a playroom too. The recently upgraded home audio, surround sound, and theater lighting are controllable wirelessly from your device. This is a wonderfully rare opportunity to own, explore, and enjoy this home in Williamston, a welcoming community, and neighbors.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2000
MLS Number
279786
Location
Address
1365 Bridlewood Lane
City
Williamston
State
MI
Zip Code
48895
County
INGHAM (SOUTH)
Listing
Provider
Tomie Raines Inc., original listing
Name
Tomie Raines Inc.
Phone
(517) 351-3617
Office Name
Berkshire Hathaway HomeServices Tomie Raines
Office Phone
(517) 351-3617
Agent Name
Lisa Fletcher

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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.