Home for Sale at 72460 Henry D, Romeo, MI 48065

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72460 Henry D
Romeo, MI 48065

Ed Martin with RE/MAX First, original listing - (586) 799-8000

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Property Details

List Price:	$1,299,900
Beds:	3
Baths:	Full: 3, ½: 2
Status:	Active
SqFt:	3550 Square Feet
Agency:	RE/MAX First
Agency Phone:	(586) 799-8000

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Description/Comments

Lot Size:	1 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	2022
Notes:	Your search ends here! Situated on 1.65 acres in the award winning Romeo school district, this custom 2022 build exudes sophistication and style at every turn. Complete with high end finishes, 10ft ceilings, and an open-concept design that creates a seamless flow between spaces, making it perfect for both intimate gatherings and grand celebrations. The kitchen is a standout feature, boasting an oversized island with barstool seating, ideal for effortless entertaining. It’s equipped with ample cabinet space, soft-close drawers, and top-of-the-line Bertazzoni stainless steel appliances. The adjacent scullery offers additional storage, a second stainless steel refrigerator, and easy access to a serene enclosed back patio. Beautiful hardwood floors extend from the kitchen into the expansive great room, offering a cozy gas fireplace and large windows to fill the space with natural light. The first-floor primary suite is fit for royalty, featuring elegant crown molding and arched entryways into a private sitting room. The lavish primary bathroom includes dual sinks, a spacious shower, and a walk-in closet with built-in organizers. Convenience is key with a first-floor laundry room, complemented by a second-floor laundry for added ease. Two upper en-suites offer privacy for family or guests. The upper loft provides a versatile additional living space or can be easily converted to a 4th bedroom. An oversized 4.5 car garage ensures ample space for all your vehicles and toys, with the added benefit of basement (9ft ceilings) access. Home is insulated with dense packed cellulose keeping those heating and cooling bills low. No detail has been overlooked. VIDEO TOUR AVAILABLE BELOW
MlsNumber:	--
ListingId:	50153440

Listing Provided By:	RE/MAX First, original listing
Phone:	(586) 322-2221
Office Phone:	(586) 799-8000
Agent Name:	Ed Martin
Disclaimer:	Copyright © 2024 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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.

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.

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