Home for Sale at 57879 Kallio, Calumet, MI 49913

57879 Kallio
Calumet, MI 49913

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Property Details

List Price:	$595,000
Beds:	4
Baths:	4
Status:	Pending
SqFt:	2200
Agency:	SUPERIOR PROPERTIES -REAL ESTATE SALES AND RENTALS

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Description/Comments

Lot Size:	4 acre(s)
Property Type:	Residential
Year Built:	2008
Notes:	This three or four bedroom home, custom built in 2008, on four acres is available! The home has many unique features. LP Smart Wood Siding, beautifully landscaped, Radiant in floor heat, and a 2 car garage with a workshop which can be heated! The home has a drilled well and septic system. There is not only a large open concept family room and kitchen, but the lower level has a home theater and workout area. The lower level has a large room that is currently set up as the fourth bedroom, but can be used for whatever you may need it to be! The master suite has a jacuzzi, double sinks, his and her walk-in closets, and a large walk-in shower. The back of the home has a 30 X 12 concrete deck wrapped in cedar. The front deck is 23 X 8. The home is tastefully decorated, well lite, and the furnishings are negotiable. The family room has 12' ceilings, the rest of the main floor has 9' ceilings. The lower level has 8' ceilings. There is plenty of storage and closets throughout the home. The tiled sauna in the lower level is tiled and has a shower. The windows are Pella Pro Line double hung. A 15 X 15 mechanical room in the lower level has contains the Triangle Tube Boiler and domestic water heater. And for canning enthusiasts, there is cold storage area! The ATV/Snowmobile trails are easily accessible. There are Nine Apple Trees and Two Cherry Pie Trees in the yard. Pre-qualified Buyers only please. 72 hour minimum response time on all offers. Please remove shoes. Taxes will not be zero. Taxes may change upon sale.
MlsNumber:	50134470

Listing Provided By:	SUPERIOR PROPERTIES -REAL ESTATE SALES AND RENTALS, original listing
Name:	SUPERIOR PROPERTIES -REAL ESTATE SALES AND RENTALS
Phone:	(906) 369-0094
Office Name:	SUPERIOR PROPERTIES -REAL ESTATE SALES AND RE
Office Phone:	(906) 337-2100
Agent Name:	GEORGE NEWMAN
Disclaimer:	Copyright Â© 2024 Upper Peninsula 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.

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