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25280 Sumpter Road
Belleville, MI 48111
$595,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3970
Property Description
Country Living with downtown Belleville less than 15 minutes away! This 4-bedroom, 3-full bathroom ranch home with almost 6 acres is for you! The long-paved driveway leads to a 2-car parking garage with an additional 2 spaces of a workshop. Entering the home you're greeted by an open concept with a formal family room that offers a wood burning fireplace and floor to ceiling rock wall this is absolutely stunning. From there you enter into the formal dining space with views of your back property. A large open kitchen with with extra large island, high-end stainless-steel appliances and large pantry. Expansive windows offer great natural lighting overlooking your expansive manicured yard. Off the kitchen you enter your formal living room. A private of with French doors also jack and jill connects to the Primary Suite. Suite offers double walk-in closets, stand up shower and jacuzzi tub with high end Ferrara marble looking tiled floor. The fully finished basement offers plenty of space for entertaining and relaxation, as well as a 20x20 workout room (including equipment) that is separate from the living area, and an additional mechanical space for storage. The furnace, water heater, generator, central air have been meticulously maintained, and a new roof. Back upstairs through the sliding glass doors in the dining area, you walk out onto the patio deck featuring a hot tub and fire pit, which is great for entertaining. Just a short stroll to your above ground pool with a large wrap around deck suited for seating, outdoor dining and cocktails. If all of this wasn't enough, there is a beautiful play structure in the yard where you can also raise both chickens and even pigs, and also venture out to the back of the yard, where you have almost 6 acres of land.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
2006
MLS Number
24025104
Location
Address
25280 Sumpter Road
City
Belleville
State
MI
Zip Code
48111
County
WAYNE (COUNTY SOUTHWEST)
Listing
Provider
Century 21 Affiliated, original listing
Name
Century 21 Affiliated
Phone
(734) 930-6150
Office Name
Century 21 Affiliated
Office Phone
(734) 930-6150
Agent Name
Taryn Scherer

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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.