Home for Sale at 12855 W Albain, Petersburg, MI 49270

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12855 W Albain
Petersburg, MI 49270

Michael Sprott with Real Estate Solutions/MI, LLC - Temperance, original listing - (734) 755-1717

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Property Details

List Price:	$799,000
Beds:	4
Baths:	Full: 3, ½: 1
Status:	Active
SqFt:	3600 Square Feet
Agency:	Real Estate Solutions/MI, LLC - Temperance
Agency Phone:	(734) 755-1717

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Description/Comments

Lot Size:	5 acre(s)
Garage:	Garage
Property Type:	Residential-Apartment
Year Built:	2007
Notes:	Fantastic property, 5.175 acre wooded lot with pond, park-like private setting. Open floor plan with living room, family room with fireplace, kitchen has solid counter tops & large pantry, dining room, breakfast nook, 3 bedrooms, 2 full baths, half bath and laundry room on 1st floor. The 1st floor primary suite walks out to deck and pond, has fireplace, huge walk-in closet, full bath with whirlpool tub & separate shower room. There is approximately 1,000 sq. ft. of finished living area on the second floor with full bath, which could be in-law apartment with room ready to finish into 2nd kitchen, with a 2nd primary suite with great room, and office space. Large rear deck overlooking the pond is partially covered, illuminated and recently updated, can be accessed from the family room or the primary bedroom. All appliances are included with the sale of the home. Wired for music throughout the home, ADT Alarm System and a new Generac whole house generator installed this year. There is an attached 2.5 car garage and a 1,350 sq. ft. heated pole barn. Crawl space was recently encapsulated. There are post lights installed down both driveways with access from Douglas Road and Albain Road. This is a must see home if you are looking for a private estate on wooded acreage with great floor plan, heated pole barn and pond. Easy to show, move in at closing.
MlsNumber:	--
ListingId:	50168875

Listing Provided By:	Real Estate Solutions/MI, LLC - Temperance, original listing
Phone:	(734) 755-1717
Office Phone:	(734) 755-1717
Agent Name:	Michael Sprott
Disclaimer:	Copyright © 2025 Monroe County Association of Realtors®. 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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