Home for Sale at 25840 HICKORY CREEK Lane, New Hudson, MI 48165

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25840 Hickory Creek Lane
New Hudson, MI 48165

Anthony Lombardo with Lombardo Realty, original listing - (586) 799-2775

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Property Details

List Price:	$1,019,061
Beds:	5
Baths:	Full: 5
Status:	Active
SqFt:	4469 Square Feet
Agency:	Lombardo Realty
Agency Phone:	(586) 799-2775

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	0 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	2025
Notes:	This home is already sold, but we'd love to build you one like it! Incredible "Charleston" plan offers beauty AND brains!! Wonderful location in the community is surrounded by pond and nature, plus a huge yard. Gorgeous front elevation with brick and stone. Foyer is flanked by lovely living room (with windows galore) and dining room. Stunning great room with 2-story ceiling is wrapped in windows and has linear fireplace donned with floor-to-ceiling stone and stained mantel. Open to kitchen with oversized island and cabinets stretching to the ceiling, as well as 36" gas cooktop with designer hood above. Kitchen overlooks nook with even more windows and expansive sliding door leading to future deck area, as well as access to a covered porch area. First floor guest suite offers a private bath, and there's another full bath off the first floor hall. Fabulous mud room area leads to 3.5 car garage! Upstairs, all bedrooms feature spacious walk in closets. Primary suite has a private covered deck area, as well as luxurious bath with soaking tub, shower with seat, and separate vanities. Oversized walk in closet has direct access into second floor laundry! Bedrooms 3&4 share access to a Jack & Jill bath, while Bedroom 2 features its own princess bath. Garden view basement has prep for full bath and more windows to bring in the relaxing nature views! Photos are of a decorated Model.
MlsNumber:	--
ListingId:	20240092333

Listing Provided By:	Lombardo Realty, original listing
Phone:	(586) 206-2299
Office Phone:	(586) 799-2775
Agent Name:	Anthony Lombardo
Disclaimer:	Copyright © 2024 Realcomp Limited II. 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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