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1893 S Lakeshore
Carsonville, MI 48419
Michael Rickerman with Epique Inc., original listing - (248) 218-2604
$609,900
Conventional
Property
Bedroom
2
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
2200 Square Feet
Property Description
Nestled among the Trees along the shores of Lake Huron is this enchanting Year-round Home boasting a private park-like setting complete with a creek meandering to the sandy beach of Lake Huron. Experience 101 Ft of private shoreline, beautiful walk-ways, spacious Lakeside Decks & Balconies - all with breath-taking Lake Views! Built into the topography of the Lakeside Bluff, this 3-story home features a Main Floor, Middle Level & walk-out Lowest Level! The Two-Story West Side Addition was added in 1998 to the original Home. While currently a 2 Bedroom, 2.5 Bath Home with over 2,000 Sq Ft, the spacious Rooms & Bonus areas can be easily transformed into additional Sleeping areas! Too unique to accurately describe - this is a must see Lakefront opportunity! Enjoy Wood Floors, Skylights & Vaulted Ceilings in the Kitchen/Dining Areas along with custom Cabinetry! Natural gas Boiler heat, city water available at Lakeshore Road, Jacuzzi tub in one of the Full Baths, Water Conditioner (owned), R/O System (for Kitchen Sink - owned), & heated walkway leading to the Detached 22'x25' Garage with 2nd Level heated & Insulated Workshop! Two additional Sheds 8'x16' & 8'x12' - one for the yard tools & one for the Beach Toys! Prime location between the Villages of Lexington & Port Sanilac! Come experience Lake-life along Michigan's Thumb Coast!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
--
MLS Number
--
Location
Address
1893 S Lakeshore
City
Carsonville
State
MI
Zip Code
48419
County
SANILAC
Listing
Name
Phone
(810) 712-1568
Office Name
Office Phone
(248) 218-2604
Agent Name
Michael Rickerman
Agency Phone
(248) 218-2604

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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.