Home for Sale at 18174 MULBERRY Street, Riverview, MI 48193

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18174 Mulberry Street
Riverview, MI 48193

Betty J Main with RC Platinum Inc, original listing - (248) 379-3275

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Property Details

List Price:	$389,000
Beds:	5
Baths:	Full: 2, ½: 1
Status:	Active
SqFt:	2341 Square Feet
Agency:	RC Platinum Inc
Agency Phone:	(248) 379-3275

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	0 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1969
Notes:	Exquisite Home with 5 Bedrooms, 2.1 Baths, and Impressive Curb Appeal<br /> <br /> Nestled in the desirable Riverview Estates subdivision, this exceptional home offers an unparalleled blend of functionality and space, all within the highly regarded Riverview School District. With a total of five bedrooms, this residence provides ample room for family and guests alike.<br /> <br /> Retreat to the spacious master bedroom, which features its own private bath for added convenience and privacy. The two full bathrooms are tastefully appointed with high-end finishes, including beautiful stone tile, double sinks, and a large linen pantry.<br /> <br /> The heart of the home is the eat-in kitchen, showcasing granite countertops, a farmhouse sink, a walk-in pantry, a buffet serving area, and an abundance of newer crisp white cabinetry. This home invites you in with its great main floor living space, including a large living room and multiple remodeled areas.<br /> <br /> Gather with loved ones in the warm and inviting family room, centered around a cozy gas fireplace—perfect for creating cherished memories. The lower level also features a wet bar, half bath, additional bedroom, laundry room, and ample storage space.<br /> <br /> The second floor boasts four bedrooms, and an attached garage offers a fantastic workshop space. Additional highlights include new windows throughout and a solar system, making this home move-in ready!<br /> <br /> Step outside to a private and secluded backyard, complete with a lounging deck and pool—ideal for relaxation and entertaining.<br /> <br /> Don’t miss your chance to experience the charm of this remarkable home.
MlsNumber:	--
ListingId:	20240078284

Listing Provided By:	RC Platinum Inc, original listing
Phone:	(248) 379-3275
Office Phone:	(248) 379-3275
Agent Name:	Betty J Main
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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