Archive | New Featured Listings

Waterfront Residence Minutes From Downtown

Private lake frontage, minutes from downtown…This is a rare opportunity to own an impressive all-brick home of approximately 4,800 square feet on one of the most desirable streets in Grand Rapids. This home features a large frontage on Middleboro Lake (210 feet) and sits on 1.123 landscaped acres (3 lots)on a quiet-street with a cul-de-sac. There are 4 bedrooms and 3 full bathrooms, each of which has been remade and modernized during the past eight years. This home is just minutes to downtown, the Medical Mile, shopping, restaurants, and major highways….

111 Middleboro Details

3931 Omaha Grandville MI – 4 Bedrooms 3 Full Baths

This is the floor plan and location you’ve been looking for. With 4 bedrooms, 3 full baths, 2 fireplaces, fenced in backyard, 2 stall garage, and finished basement, this home offers everything you want in a new opportunity to ”make it your own.” Omaha offers low traffic as the street is not a through street – only fellow neighbors drive it. Walk the sidewalks to several nearby amenities including several schools, parks, shopping and entertainment. Appreciate being close to everyday amenities such as grocery stores, Rivertown Mall, several restaurants and easy access to major highways and only minutes from downtown Grandville and downtown Grand Rapids.

3931 Omaha Details

4675 Westshire Dr NW, Comstock Park – Opportunity Knocks!

Enjoy this excellent location, wooded lot on a quiet cul-de-sac street with fenced in yard and storage shed. The 2 Stall garage, storage shed, and over 1800 sqft of space offer tons of room. This house is ready for your touch to ”make it your own” offering an opportunity not found often in today’s market. Enjoying being close to shopping, dining, downtown Grand Rapids, major highways and more.

 

4675 WESTSHIRE DR NW DETAILSby7

399 S Ellsworth Petoskey – 27+ Acres 5 Bedrooms 3.5 baths

This custom Chateau style 2 story offers 5 Bedrooms, 3+ Baths with 27+ Acres of wooded acreage, private spring fed pond, and large pole barn. Perfect for your own retreat! Enjoy the majestic cathedral ceilings found in each ”turret” room. The quality craftsmanship throughout features the finest building material available including: interior and exterior custom trim of vertical grain redwood, stained cedar siding, quality decking, amazing attention to detail and each level is crafted to allow for all of the comforts you look for in your home. Energy efficiency is foremost with its 10” walls, LED recessed lighting, dual high efficiency furnaces and external wood boiler. Schedule your tour and see the numerous reasons this home stands apart.

399 S ELLSWORTH DETAILS

Island Retreat – Now Is The Time

1943 S Duck Bay Trail | Cedarville, MI 49719

Property Description

MOTIVATED SELLER – NOW IS THE TIME TO ACT  – 8.4 Acres on Marquette Island with over 896 feet of private waterfront on Duck Bay in the Les Cheneaux Islands of Lake Huron. Gorgeous pristine natural waterways offer the best of boating and nature. The Les Cheneaux Islands are known for their rich history providing calm waters off the Straights of Mackinac for boaters and outdoor enthusiasts. This one-of-a-kind site has kept its natural beauty while offering on-site electric, water, 2 log cabins, cook shelter and more. With several build sites opportunities this setting is perfect to enjoy as it is or for your dream home. The Les Cheneaux Islands is a boat friendly community offering several amenities within a short boat ride including restaurants, shopping, entertainment, golf and more. 8.4 Acres on Marquette Island with over 896 feet of private waterfront on Duck Bay in the Les Cheneaux Islands of Lake Huron. Gorgeous pristine natural waterways offer the best of boating and nature. The Les Cheneaux Islands are known for their rich history providing calm waters off the Straights of Mackinac for boaters and outdoor enthusiasts. Listen to the trees whisper in the wind while you enjoy your days fresh catch around an open fire. This one-of-a-kind site has kept its natural beauty while offering on-site electric, water, 2 log cabins, cook shelter and more. With several build sites opportunities this setting is perfect to enjoy as it is or for your dream home. Abundant with wildlife and peaceful calm that can only be found some of the most sought after and unique water in the Northern Hemisphere. The Les Cheneaux Islands is a boat friendly community offering several amenities within a short boat ride including restaurants, shopping, entertainment, golf and more. Contact listing agent John Rice, 616-951-4663, for your private tour today.

NOTE: Seller is open to dividing the property and Land Contract Terms are available

1943 S DUCK BAY TRAIL DETAILS

Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate?

Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate?

In a recent article, National Housing Inventory Crisis Reaches Inflection Point, realtor.com reported that:

  1. New listings jumped 8% year-over-year nationally, the largest increase since 2013
  2. Total listings in the 45 largest markets are now up 6% on average over last year

This increase in housing inventory has sparked two different reactions. Some are saying this is the first sign of a potential collapse while others are saying it is a welcomed reprieve from the lack of inventory that has stalled the market recently. As Zelman & Associates reported in a recent ‘Z Report’:

“With the rate of home price appreciation starting to decelerate alongside the uptick in inventory, we expect significant debate whether this is a bullish or bearish sign.”

Is this a sign the market might crash?

There are those who look at the increase in inventory as a sign that we are returning to the market we saw last decade. However, a closer look shows that we are nowhere near the levels of inventory we reached before the crash in 2008.

A normal market would have about 6-months inventory, but the latest Existing Home Sales Report issued by the National Association of Realtors revealed that:

“Unsold inventory is at a 4.3-month supply at the current sales pace up from 4.1 months a year ago.”

A decade ago, prices began to rapidly depreciate in June 2007. At that time, we had a 9.1-month supply (more than double what it is today) and inventory kept rising until it hit a peak of 11.1 months in April of 2008.

With the current levels of buyer demand, any such increase in months supply is highly unlikely. As Danielle Hale, realtor.com’s Chief Economist explains:

 “After years of record-breaking inventory declines, September’s almost flat inventory signals a big change in the real estate market. Would-be buyers who had been waiting for a bigger selection of homes for sale may finally see more listings materialize. But don’t expect the level to jump dramatically.

Plenty of buyers in the market are scooping up homes as soon as they’re listed, which will keep national increases relatively small for the time being.”

What will be the result of the increase in inventory?

The increase in inventory will allow many families who had been unable to find a home to finally become homeowners. Again, we quote from the ‘Z Report’:

“In our view, the short-term narrative will probably be confusing, but more sustainable growth and affordability will likely be the end result.”

Bottom Line

If you are either a first-time or second-time buyer who has given up, let’s get together discuss the inventory available in our market.

MESSAGE JOHN

Source: Michigan Real Estate Updates

Incredible Opportunity – 581 E Randall Coopersville MI

Incredible opportunity to be on 2.34 acres in Coopersville with 3 Bedrooms 2.5 Baths this updated walkout ranch is sure to please. The insulated 28 x 40 pole barn features new concrete floor room for all your tools, toys and hobbies. The gentle roll down to the private pond offers picture-perfect views from the new deck, updated kitchen and several areas throughout the house. Browse the pictures and enjoy the virtual tour to appreciate all the many updates but don’t delay – this one is sure to go quick. Offers due Monday, October 22 by 5PM

 

581 E RANDALL DETAILS

 

Incredible Opportunity 5 Acre 4200+ Sqft Home Adjoining State Land

Bed and Breakfast, Multi-Unit, Single Family, add extra ”tiny houses” – the options are endless! Your retreat awaits! Enjoy this peaceful 4.9 Acres with private pond and over 4200 sqft of finished living space. This amazing opportunity features a meticulously maintained 4 bedroom 3 full bath home with 2 stall garage, storage building, beautiful creek fed pond, and adjoins state land. Additionally, this home is setup to be divided into 3 individual units, creating ”space for everyone” if you need extra room – see attached potential units with 3 kitchens already plumbed, each with its own bath and and bedroom and more. Call today for details and to schedule your private tour.

11262 US 10 DETAILS

Prime Development 15 Multi-Acre Sites – 1-15 Woodland Creek Trail

Prime Development Opportunity with 15 lots, road, and more. This 40+ acre site condo community has been approved under the name of Wood Creek Farms Condominiums and features 15 multi-acre sites. Each site offers large building envelopes, well designed open space and each site perks! With Woodland Creek bordering the East and Little Thornapple River bordering the North, this development offers amazing opportunity to create a landscape future home owners will love. First layers of road have been laid and initial well has been dug, and perk tests performed.

 

WOODLAND CREEK TRAIL DETAILS

Grandville Schools – Move-in Ready 2 Story

5334 Debbie Court SW, Wyoming, MI 49418

Grandville schools – This exceptional 2 story features 3 bedrooms 2.5 baths modernized in today’s hottest color pallet, with updated flooring, incredible cathedral ceilings, inviting living room fireplace, private fenced in yard, featuring play equipment, large deck, shade trees, under ground sprinkling, storage shed and a lot that runs 271′ feet deep to the meandering creek. The quiet cul-de-sac street offers sidewalks, and connecting developments allowing for excellent walking and biking riding and connection to the Kent Trails. The convenient location offers easy access to Grandville schools, the Rivertown mall, shopping, dining and easy access to major highways M6 196 131 GR Ford International Airport and minutes to downtown Grand Rapids.

5334 DEBBIE CT DETAILS