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910 Mangum
Marquette, MI 49855
$539,900
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
1900
Property Description
Come check out this incredible luxury Hobby Farm located in Chocolay Township just a few miles from the Marquette City Limits line. Here is what you get! 6.2 acres of open rolling meadow like pasture that is enclosed with electric fencing, has two (2) separate padlock areas, a corral and has multiple gated access points. A 36x36, Cleary Built, metal horse barn that is better described as a horse hotel. It has 4-12x12 stalls, a 12x12 tackroom, a 12x24 loafing area with multiple built in fan brackets and heated water trough. It is equipped with it’s own electrical system that provides power for the electric fence and heats the water trough. Entering the property over the long sweeping concrete driveway with a huge parking area, brings you past an oversized 3 car detached garage with extra room for a workshop and storage, and leaves you parked in front of a 20x26- 2 car garage that is surrounded by an extensive hillside rock garden that is loaded with perennials with an in ground sprinkler system. Did I mention that the 2 car garage is attached to a 3 bedroom, 3 bath immaculately kept Ranch home with a walkout lower level that is set on top a knoll affording sweeping views of the property. The home has 3,128 sq. ft of finished living space, with 1,900 sq. ft. on the main level and 1,228 finished on the lower level. The main level consists of a 18x36 great room with vaulted ceilings, that holds the living room area, dining room area, kitchen with pantry and entry foyer. The living and dining areas have custom made oak built-ins, that include a lighted oak china cabinet and large computer work area with shelving. The balance of the first floor has the bedrooms and an additional full bath, a master suite with private bath and walk in closet. The 10x10 entry foyer, from the side deck, has a tiled floor and wainscoting and previously served as a hot tub area. The lower level has a huge family room with walkout sliders to the rear yard, beautiful office/media room with an entire wall of custom oak built-in shelving that could easily serve as another non-conforming bedroom, bath, laundry room with built-in concrete block gunsafe/security room, and a large workshop area. Storage on this level is abundant. The home is heated by a warm air propane fired system, has central air conditioning, and a whole house propane fired Generac generator backup system that starts up automatically to cover any temporary power outage. The list of amenities goes on and on, but this property can only be fully appreciated by viewing it in person. If you have horses or large animals and want to take advantage of the agricultural zoning, or just want luxurious, private, serene country living, this is rare opportunity at $539,900. All offers are due by April 15th at 5:00 pm, with a response within 48 hours or sooner. Please remove shoes when viewing the home.
Property Information
Lot Size
6 acre(s) square ft
Property Type
Residential
Year Built
1992
MLS Number
50138018
Location
Address
910 Mangum
City
Marquette
State
MI
Zip Code
49855
County
MARQUETTE
Listing
Provider
3% Realty of Marquette, original listing
Name
3% Realty of Marquette
Phone
(906) 228-7152
Office Name
3% REALTY
Office Phone
(906) 228-7152
Agent Name
BARTON BARTELLI

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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.