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1038 Cantabrian Drive
Weidman, MI 48893
$1,200,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
5077
Property Description
Beautiful waterfront house on Lake Isabella, an 800-acre all-sports private lake. This 4-bedroom, 4.5 bathroom and 3 car garage home with brick and real stone façade sits on one acre of professional landscaped waterfront lot. This house is built to the highest standard. Granite countertops throughout the entire home. A blend of ceramic tile, marble, hardwood floors and carpet showed stylishness. A two-story foyer leading to the soaring great room with cathedral ceiling highlights the natural stone fireplace and expansive wall of windows offering splendid view of the lake. The great room, breakfast nook and kitchen blend together in a connected layout to create a feeling of expansiveness. The kitchen features a lake facing central island. A formal dining room also with lake views. Wood-paneled study which is also connected to the great room offers a tranquil view of the lake. First floor master suite with cathedral ceiling and walk in closet. An expansive over 500 sf of composite deck across the whole lakeside of the house on the main floor. The second floor includes a guest suite with a lake view balcony. An exposed, lakeview catwalk connects the guest suite to a spacious loft. From the loft, access is two additional bedrooms, a bathroom, and an upstairs study. Downstairs, find a finished walkout entertainment space with a granite countered wet bar, pool table, home theater with Bose sound system and an infrared sauna. A sliding door leads to a patio perfect for summer grilling and 210 feet of stone lined seawall and sandy beach. This home is well insulated with 2 by 6 exterior walls and Anderson windows; it also has geothermal heating and AC to help save on electric bills. A standby whole house generator provides further peace of mind. Isabella property owner association amenities include access to The Pines Golf Course with clubhouse & restaurant, airstrip, tennis courts, 22+ parks, and campground with adjacent storage facility.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2010
MLS Number
1914287
Location
Address
1038 Cantabrian Drive
City
Weidman
State
MI
Zip Code
48893
County
ISABELLA
Listing
Provider
KERMATH REALTY LLC, original listing
Name
KERMATH REALTY LLC
Phone
(734) 649-4903
Office Name
KERMATH REALTY LLC
Office Phone
(734) 649-4903
Agent Name
JEFF KERMATH

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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.