Home for Sale at 37322 SAINT MARTINS Street, Livonia, MI 48152

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37322 Saint Martins Street
Livonia, MI 48152

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Property Details

List Price:	$634,000
Beds:	4
Baths:	Full: 3, ½: 1
Status:	Active
SqFt:	2615 Square Feet
Agency:	EXP Realty - Northville
Agency Phone:	(248) 790-4646

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Description/Comments

Lot Size:	0 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1990
Notes:	RARE OPPORTUNITY to call this lavishly updated, custom built colonial in the exclusive Willow Woods subdivision your home! Upon entry, you’ll find a stately foyer adjacent to a conveniently located office. Additionally, the main floor boasts a sizable living room that joins together with the formal dining room (perfect for entertaining), a conveniently located half bathroom just off the kitchen, a spacious laundry room, and a breathtaking kitchen with over 100K in recent updates that is open to the stunning, yet warm, family room, which boasts a gas fireplace encased in sleek granite. The kitchen features cherry wood cabinets & lustrous hardwood floors, high end appliances, a massive island, and an additional dining area. On the second floor, you'll find three large bedrooms and a massive primary suite. The finished basement boasts a second full kitchen with additional cabinets for extra storage and a dining area, updated full bathroom, and plenty of additional open space for entertaining. Beyond the deck in the backyard, the vast open lot that this home sits on offers a blank canvas to create your resort style dream backyard or an open space for your children to play. The elegant landscaping throughout the entire property boasts methodically placed, mature flora requiring minimal care and maintenance. The circular driveway offers additional parking space beyond the separate driveway that leads to the spacious two car garage. Situated just minutes from major freeways, countless dining and retail establishments, grocery stores, parks, golf courses and more, the unbeatable location is yet another one of the many reasons to fall in love with this home.
MlsNumber:	--
ListingId:	20240059738

Listing Provided By:	EXP Realty - Northville, original listing
Phone:	(310) 422-0610
Office Phone:	(248) 790-4646
Agent Name:	Armen Shahrigian
Disclaimer:	Copyright © 2024 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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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