Home for Sale at 7940 Fourth, Alvin T-WI, WI 54542

7940 Fourth
Alvin T-wi, WI 54542

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Property Details

List Price:	$295,000
Beds:	2
Baths:	3
Status:	Pending
SqFt:	1540
Agency:	RE/MAX NORTH COUNTRY-IR

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	2004
Notes:	This very special home is located in the Town of Alvin in Northern Wisconsin. Alvin is a quiet community away from the hustle and bustle of every day life. This Ranch style home is located on a large lot with a 2 car attached garage and an additional 1 plus car detached garage. The large entry way leads to the open concept living room, dining area and kitchen with Beautiful Bamboo Flooring in the Living Room. The Kitchen has Silestone counter tops and stainless steel appliances. The living room and dining area have large windows for an abundance of natural lighting. There is a master bedroom with an attached full bath with tub and shower. Off of the full bathroom there is also a second bath with a walk in shower and toilet. The additional bedroom has a full bath across the hall. Washer and dryer connections are located on the main level of this home. There is a full poured basement in great condition. The plumbing is in for an additional bathroom if you chose to finish a portion or all of the basement for additional bedrooms or a family room. The furnace is approximately 5 to 6 years old. The digital gas hot water heater is 3 years old. The Generator was installed in 2023. This home has 200 amp electric service. The large lot is 1.15 acres and there is ample room for any type of additional building you might need on the property. There is a cement slab on the property which was used for a mobile home prior to the Sellers building this home. The septic was inspected by the State in 2023 which is a requirement for the state of Wisconsin. The propane tank is owned and there is a drilled well. The location is about 25 miles from Eagle River Wisconsin with a chain of lakes consisting of 28 lakes and 11 miles from Iron River, Michigan. The Brule River which is a Blue Ribbon Trout Stream is a couple of miles away. Ski Brule is about 8 miles away where you can enjoy downhill and cross country skiing. The location is ideal to enjoy year round sports, fishing, hunting, snowmobiling ,skiing and swimming in the lakes which are just minutes away. This lovely home is Move In Ready waiting for you to view!!!!
MlsNumber:	50141296

Listing Provided By:	RE/MAX NORTH COUNTRY-IR, original listing
Name:	RE/MAX NORTH COUNTRY-IR
Phone:	(906) 265-6133
Office Name:	RE/MAX NORTH COUNTRY-IR
Office Phone:	(906) 265-6133
Agent Name:	SHARON POLICH
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.

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.

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or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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