Home for Sale at 3605 N Lakeshore Drive, Jamestown, OH 45335

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3605 N Lakeshore Drive
Jamestown, OH 45335

Tami Holmes with Tami Holmes Realty, original listing - (800) 722-2585

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Property Details

List Price:	$320,000
Beds:	3
Baths:	Full: 2
Status:	Active
SqFt:	2352 Square Feet
Agency:	Tami Holmes Realty
Agency Phone:	(937) 506-8360

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1971
Notes:	Great opportunity to own a home at Shawnee Lake! This 3-bedroom frame home is the perfect retreat. Perfectly designed for first-floor living, this delightful home offers a 21x15 primary bedroom sanctuary with its own mini-split for year-round comfort. Indulge in the luxurious master bath, featuring stunning granite countertops, a dedicated vanity area, & double sinks that provide ample space for your morning routines. And a must-see double shower w/ travertine tile. The kitchen has solid oak cabinets, Corian countertops, & practical pull-out shelves for easy access. The spacious living room flows seamlessly into the dining area, making it an ideal setting for entertaining. Completing the 1st level area a 2nd full bathroom & a separate laundry room. Feel the inviting lake house vibe throughout, from charming porthole windows to a beautifully designed wooded loft space that overlooks the main level. This versatile area is perfect for a cozy office or den and features a wood-burning fireplace There are also 2 bedrooms upstairs. Step outside into your own backyard paradise! There is a generous-sized & covered composite deck adorned with tiki lights & cooling ceiling fans. With ample space for furniture, dining table, firepit, or even a hot tub, this outdoor area is tailor-made for both relaxation & fun! The fully fenced backyard also includes a shed & coy pond. The Shawnee Hills community allows for private lake access, boat ramps, a community beach, a park & clubhouse. Don't let this one slip away!
MlsNumber:	--
ListingId:	1037081

Listing Provided By:	Tami Holmes Realty, original listing
Phone:	(217) 285-9000
Office Phone:	(800) 722-2585
Agent Name:	Tami Holmes
Disclaimer:	Copyright © 2025 Western Regional Information Systems and Technology, Inc. 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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