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4711 Muffler Alley
Baldwin, MI 49304
$299,900
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1400
Property Description
Searching for privacy and seclusion without losing the convenience of being close to town? This cozy 3 bedroom 2 bath chalet style home is located off of a private easement. Situated on 15 wooded acres, 3 miles from Baldwin, 4 miles from Little O/ Big O trailheads, and less than 3 miles from Bowman's Bridge and Gleasons landing, the property is in a great location. Pulling up to the home you'll notice a large deck with an inviting porch swing. Inside, you're greeted with a bright and open style living space featuring a North Point woodstove to keep you extra warm on chilly nights. Throughout the home, you'll notice new paint, flooring, and much more. The kitchen offers ample counter space and a convenient layout. The updated cupboards, dining set, and appliances make the space feel extra sleek. Both the upstairs and downstairs offer newly redone bathrooms. The stackable washer and dryer units are capable of handling standard sized loads. All bedrooms are large and bright. The upstairs master bedroom features a set of french doors leading to a balcony, perfect for stargazing. Outside you'll find plenty of storage space. Next to the home is a two stall carport and a shed, both with electric. Just down the easement, there is an additional 24x24 building. The current owners envisioned it as an Air B&B or guest cabin. Wildlife is flourishing on the property. With an established food plot, a large hole dug for a pond, and a gun blind, it offers an ideal set up for hunters. Don't miss out on an opportunity to live in an area known for its world class fishing, serene wildlife, and outdoor opportunities.
Property Information
Lot Size
14 acre(s) square ft
Property Type
Residential
Year Built
1985
MLS Number
24012267
Location
Address
4711 Muffler Alley
City
Baldwin
State
MI
Zip Code
49304
County
LAKE
Listing
Provider
Stout Group LTD, original listing
Name
Stout Group LTD
Phone
(616) 866-3300
Office Name
Stout Group Ltd
Office Phone
(616) 696-3300
Agent Name
JON STOUT

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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.