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10639 Sudan Street
Portage, MI 49002
$1,195,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
4503
Property Description
Fabulous Gourdneck lake home. A Portage gem. Two story walk out with 83 feet of frontage with sprawling yard from house to lake. Enter beautiful Double leaded glass front doors to welcoming foyer highlighted by a Tiffany style light adding warmth and character. The large classic DR room flows into the sunken living room with a wall of windows for perfect views of the lake and a 2 sided fireplace opening also into the owner's suite. Two Sonos Speakers in the LR-each room programable separately. A wonderful house for entertaining with updated kitchen sporting Double convection ovens, 4 burner cooktop with double burner griddle/grill, center island with seating for 6 and easy access to the deck and gas grill with piped natural gas supply. A custom dry bar between the DR and Kitchen is a well placed addition. The owner's suite offers beautiful views of the lake from the wall of windows and the private deck. The ensuite is inviting and bright with Whirlpool Tub, tiled shower, double vanity and large walk-in closet is a lovely retreat. A second bedroom, full bath and laundry room create the perfect main floor living home. Take the spiral staircase to the loft/office with unobstructed views of the lake. Take the spiral staircase down to the large walk out level with family room complete with 2nd fireplace, game table area with adjacent wet bar and mini fridge. Enhance your entertainment experience with Sonos surround sound. Two additional bedrooms, full bath and a workout/dance room with laminate floors. Plenty of storage. A second laundry room space-just add appliances. A traditional staircase offers a second connection between the main and WO levels. All Lakeside windows are Pella replacement windows. Head outside to the lovely patio with pergola for privacy in dining. Enjoy the Hot Springs Spa surrounded by expansive gardens and water fall for a most relaxing evening under the stars. The Kalamazoo Nature Center designed the Natural Lake Frontage. Many other gardens and well placed trees provide a parklike presence to this peaceful lake home. Sanderson/DeHaan pulls fresh water from the lake in the underground sprinkling system. A four-car detached garage for your vehicles, boats and other water sports storage. Gourdneck lake straddles the City of Portage and Schoolcraft township and is 52 feet deep. Gourdneck lake has no public access leading to quiet and serene lake time. It is home to countless fish, reptiles and waterfowl. A large area of the lake frontage is Prairie View park making residential lakefront exclusive. Schedule your showing today and have a summer full of fun on the lake.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1958
MLS Number
24013503
Location
Address
10639 Sudan Street
City
Portage
State
MI
Zip Code
49002
County
KALAMAZOO
Listing
Provider
Chuck Jaqua, REALTOR, original listing
Name
Chuck Jaqua, REALTOR
Phone
(269) 381-7653
Office Name
Chuck Jaqua, REALTOR
Office Phone
(269) 381-7653
Agent Name
Mary Norris

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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.