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3140 E M28
Marquette, MI 49855
$485,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
1715
Property Description
This beautiful home is nestled into the towering red pines along the banks of the Sand River just 20 minutes to the East of Marquette. Here you will find abundant wildlife attracted by the slow-moving river, including ducks, geese, songbirds, eagles, herons and cranes, muskrat, otter, beaver, deer, and many more. The home and its large deck overlook the river to the South with loads of warm sun throughout the day. Much professional landscaping and gardening has been done in the yard. After having morning coffee on the composite low maintenance deck, walk the path to the landing platform on the river's edge and hop into the kayak for a morning paddle. Downstream you can reach Lake Superior in just minutes with its white sand beaches and clear cool water and great near shore fishing for trout and salmon at certain times of the year. Follow your driveway back out to the beach on Superior from the home. There is state owned access to the shoreline as well. The home has been well maintained by the owners over the years with a long list of improvements available. The home has three bedrooms and four baths, including a second-floor master suite and second floor guest suite, both with newly updated full bathrooms. The master bath has a tiled walk-in shower with glass doors, double sink with quartz top. The master also has a walk out deck of its own, and an electric fireplace insert. The kitchen features granite countertops, porcelain wood look tile flooring and loads of natural light and a snack bar with seating to overlook the river. The foyer addition is a wonderful sitting area with large tile floor, loads of natural light and windows, and accesses the main floor full bath and electric cedar sauna as well. Outside you will find the large shed structure that houses the outdoor hot tub that can be used year around. The living area has a propane gas fireplace insert and newer oak hardwood flooring. The basement which was a huge undertaking was added in 2004 and has a wonderful, carpeted family room space that walks out to the paver brick patio above the river. The basement also has an office area, a tiled half bath and the laundry and mechanical rooms. The detached garage was added in 2000 and has 10-foot-high ceiling with lots of storage, and an insulated workshop space above that can be heated and has lots of workbenches for all of your projects. All offers due by Tuesday April 2nd, 2024, at Noon EST. Such an enjoyable home to visit! Schedule your showing today!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1952
MLS Number
50136798
Location
Address
3140 E M28
City
Marquette
State
MI
Zip Code
49855
County
MARQUETTE
Listing
Provider
Call Terry Huffman Co DBA RE/MAX 1st Realty, original listing
Name
Call Terry Huffman Co DBA RE/MAX 1st Realty
Phone
(906) 225-1136
Office Name
RE/MAX 1ST REALTY
Office Phone
(906) 225-1136
Agent Name
MICHAEL GOLISEK

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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.