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4545 Merkel Lane
Oscoda, MI 48750
ALLISON BROTHERS with REAL ESTATE ONE NORTHEAST, original listing - (989) 739-9129
$549,000
Conventional
Property
Bedroom
3
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
1907 Square Feet
Property Description
This offering involves ALL NEW CONSTRUCTION. This property is located on a picturesque curve of Van Etten Creek, and includes a long treated retaining wall off the edge of the creek. Stairs leading down to the creek provide direct access for kayaks, canoes or other watercraft. Deer, turkey and other woodland residents are often viewed from the creekside deck, the lawn above the creek or the vast windows overlooking the area. A second attractive landscape retaining wall provides a lawn area below for summer outdoor activity. This 1907 sq.ft. home provides three bedrooms, a study or office area, three and a half baths, an amazing kitchen with dining area. The living area with gas fireplace next to the kitchen has an unbelievable view of the meandering creek through the side windows and 10 foot accordian doorwall, which opens to the 12'x16' rear deck. A 7'x40' covered deck overlooks the creek and runs from the rear deck to a wrap-around 7'x14' covered entry porch to the front door. In addition to all new appliances, the home has many upscale features, including: a whole house emergency generator system, a rare three zone gas forced air hi-energy heating system providing individually controlled heat or air conditioning to each of the homes three floors, an "on-demand" water heating system, a 200 amp breaker panel, vast lighting and exterior overhead and wall power plugs along the 54' of covered porch area, an electric fireplace in the entry room and gas fireplace in the vaulted sitting room, an oversized 24'x24' attached garage and extensive wall and ceiling insulation. The Seller is willing to consider a land contract if this is of interest. Completed home square footage is not recorded by the township so prospective Buyers should confirm estimated footage. Construction is undergoing final finishes and tune-ups but will be ready for occupancy very soon.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2022
MLS Number
--
Location
Address
4545 Merkel Lane
City
Oscoda
State
MI
Zip Code
48750
County
IOSCO
Listing
Name
Phone
(989) 278-9743
Office Name
Office Phone
(989) 739-9129
Agent Name
ALLISON BROTHERS
Agency Phone
(989) 739-9129

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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.