Home for Sale at N16907 EUSTIS ROAD, BARK RIVER, MI 49807

Refine Search

N16907 Eustis Road
Bark River, MI 49807

Samantha Kleikamp with Schmidt Realtors, original listing - (906) 786-5972

« Prev

Property Details

List Price:	$385,000
Beds:	4
Baths:	Full: 3
Status:	Active
SqFt:	2520 Square Feet
Agency:	Schmidt Realtors
Agency Phone:	(906) 786-5972

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1994
Notes:	This stunning property is not only move-in ready, but all the small details make it a rare find. They thought of everything from heated bathroom and kitchen floors, on demand hot water, the innovative Pure Wash laundry system, the high speed fiber optic internet, a wired in back-up generator, multiple 30 AMP camper outlets, each bedroom being on it's own heating zone for optimal comfort, plus more! This home boasts four spacious bedrooms, a master suite with a walk-in closet big enough to be it's own bonus room, three large bathrooms, open concept living space, main floor laundry, and potential to finish off the basement for additional living space. This home is comfortable year round with the option to cozy up with the fireplace, the easy-to-use pellet stove, or to just take the morning chill out; turn on the heat setting on the mini split. Need to cool off? No problem! The mini split does the job and will have you cool and comfortable on those hot summer days within minutes! The back patio is truly an Upper Michigan dream, surrounded by nature and no neighbors in sight! Watch the wildlife come in, sip coffee under the sun, or start up a garden. Another rare find; apple, pear, peach and plumb trees! All producing fruit and absolutely gorgeous. As if that was not enough, this property has a huge pole building for storing toys, equipment, having a work space, or turn it into a party barn. Do not miss your chance to make this unique and rare find yours!
MlsNumber:	--
ListingId:	50160881

Listing Provided By:	Schmidt Realtors, original listing
Phone:	(906) 399-5688
Office Phone:	(906) 786-5972
Agent Name:	Samantha Kleikamp
Disclaimer:	Copyright © 2024 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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.

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.

HudExchange.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

HudExchange.com is an Equal Housing Opportunity

- Pat. 7,813,958 - Pat. 7,958,007 - Pat. 8,046,258 - Pat. 8,073,737 - Pat. 8,190,476 - Pat. 8,195,514
- Pat. 8,306,856 - Pat. 8,412,576 - Pat. 8,510,165 - Pat. 8,825,527 -

Property Details

Map Details Show Map | Show StreetView

Description/Comments

USHUD.com on the Go!

HUD Foreclosures

Foreclosure Listings Increasing