Home for Sale at 8500 E Stockwell, Harrison, MI 48625

8500 E Stockwell
Harrison, MI 48625

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Property Details

List Price:	$190,000
Beds:	3
Baths:	2
Status:	Pending
SqFt:	960
Agency:	MODERN REALTY

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Description/Comments

Lot Size:	9 acre(s)
Property Type:	Residential
Year Built:	1971
Notes:	Spend your time on Stockwell - This property has endless opportunities to become your homestead, vacation property or utilize it as a hobby farm! Nestled in on 10 beautiful acres that boast a few acres of cleared land and the rest heavy woods, sits an adorably updated home with a newly constructed 58x30 pole barn with 10 ft doors and a 8ft door at the rear. The front portion of the land is completely fenced giving animals or kids plenty of room to roam! There are 3 animal pens, a large garden area, 4 pear trees and a very private firepit. ATV or hunting trails have been made through the east and west side of the property, along with trails running on the north and south side. The inside of the home has been completely remodeled down to the studs. On the main level you will find 3 bedrooms and a full bathroom. The kitchen has been built for the chef of the family, boasting a massive 6 burner commercial range and handmade cabinets. A beautiful sunroom has been added and showcases wall to wall windows to allow an abundance of natural light to flow into the home. The basement offers a bedroom with an attached full bathroom, rec room, storage room and a mechanical room. Updates that were done in 2017 include: Steel roof, windows, kitchen, completely new plumbing, flooring, painting, siding, bedroom sliding barn doors, blown in insulation, on demand water heater, outdoor wood boiler and a 77 ft well! Property is under surveillance, do not attempt to enter property without an agent and appointment.
MlsNumber:	50144381

Listing Provided By:	MODERN REALTY, original listing
Name:	MODERN REALTY
Phone:	(989) 486-9770
Office Name:	MODERN REALTY
Office Phone:	(989) 486-9770
Agent Name:	JENNAFER TIPTON
Disclaimer:	Copyright Â© 2024 Clare Gladwin Board 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