Home for Sale at 110 N Main Street, Lake City, MI 49651

110 N Main Street
Lake City, MI 49651

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Property Details

List Price:	$399,000
Beds:	4
Baths:	4
Status:	Active
SqFt:	2971
Agency:	City2Shore Real Estate Northern Michigan

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1900
Notes:	Welcome to 110 N. Main Street, a charming four-bedroom, three-bath home situated in the heart of Lake City, Michigan. This unique property not only offers a spacious and comfortable living space but also includes an adjoining storefront commercial property, making it the perfect opportunity for entrepreneurs and small business owners. As you step inside the main residence, you are greeted by a warm and inviting atmosphere. The open floor plan seamlessly connects the living, dining, and kitchen areas, creating an ideal space for entertaining family and friends. The interior boasts natural wood floors and tasteful finishes throughout. The kitchen features ample storage space, and a center island for convenient meal preparation. A formal dining area is also available for those special gatherings and occasions. The master suite has a shared bathroom with the main floor and an additional three bedrooms and full bath located on the upper level. Wake up each morning to breathtaking pocket views of Lake Missaukee, creating a serene and picturesque backdrop for your daily routine. For those looking to combine their residential and business aspirations, the adjoining storefront commercial property offers endless possibilities. With direct frontage on downtown Lake City, you can showcase your products or services to the thriving local community and passing tourists. The high visibility and foot traffic ensure maximum exposure for your business venture. Whether you prefer to relax in the covered front porch, enjoying the sights and sounds of the charming town, or to host summer barbecues in the backyard, this property provides the perfect outdoor space, with a fenced in yard. Don't miss out on this incredible opportunity to own a versatile property in the heart of Lake City. Whether you are seeking a comfortable family home, a thriving business location, or a combination of both, 110 N. Main Street is the perfect place to make your dreams a reality.
MlsNumber:	1919101

Listing Provided By:	City2Shore Real Estate Northern Michigan, original listing
Name:	City2Shore Real Estate Northern Michigan
Phone:	(231) 839-0077
Office Name:	City2Shore Real Estate Northern Michigan
Office Phone:	(231) 839-0077
Agent Name:	Jenni Johnson
Disclaimer:	Copyright Â© 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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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