Home for Sale at 22559 Conrad Road, Copemish, MI 49625

22559 Conrad Road
Copemish, MI 49625

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Property Details

List Price:	$1,100,000
Beds:	2
Baths:	Full: 3
Status:	Active
SqFt:	2754 Square Feet
Agency:	Keller Williams Northern Michi

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Description/Comments

Lot Size:	100 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1993
Notes:	Natural beauty abounds at this 100+ acre private estate in Northern Lower Michigan. As you drive in the long winding drive way you arrive at this custom built waterfront cottage style home. This peaceful country estate is ready to move in and enjoy now. Perhaps you are looking for an up north lodge or retreat center...well you found it. The property layout and design were intentional, which took into consideration deer management and migratory water fowl attraction and has been landscaped accordingly. In addition to this, there is approximately 60 acres currently in planned agricultural production. As you approach the home you sense the harmony of the cedar log sided home within the natural setting. The home is saturated with abundant natural light and boasts stunning outdoor views from each level. Additional bedrooms could be added in the upper and lower levels. There is more than enough space at this homestead estate for cattle, horses or whatever livestock you would like. There is also a large root cellar to save what was grown in the summer and a green house to get a head start on the gardens in the spring. There are two 24’ x 30’ modern insulated garages with heat, power and water for cars, trucks, tractors, and toys. The small waterside cabin has power and is ready for your finishing touches. With the woods, fields and rolling terrain providing excellent hunting, recreation and sustenance, and then your own stocked lake for fishing, kayaking, canoeing and all round enjoyment, your new homestead estate is calling and saying welcome home.
MlsNumber:	--

Listing Provided By:	Keller Williams Northern Michi, original listing
Phone:	(231) 631-0319
Office Phone:	(231) 922-7002
Agent Name:	Steve Cavender
Disclaimer:	Copyright © 2024 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing