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9312 N Gray Avenue
Unionville, IN 47468
$1,350,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3332
Property Description
This stunning lake property on Lake Lemon is turnkey for the next owner! Upon entering through the double, wood front doors you discover beautiful, expansive, light-filled spaces w/stunning lake views. The cathedral ceiling, skylights & walls of windows fill the spaces w/natural light. The seller has tastefully renovated this home from top to bottom including attractive Everlast marine-grade exterior siding. The kitchen is a culinary delight with Thermador appliances, an island w/loads of prep space, a separate breakfast bar w/seating on both sides, wine fridge, subway tile backsplash, quartz countertops, 3 windows plus a skylight & views to the lake. The family room has 2 walls of windows w/amazing water vistas. This room opens onto the massive deck running the entire length of the house. The kitchen, family room & deck are seamlessly integrated spaces ideal for entertaining & day to day living. The primary suite is on the main level & includes a bathroom w/double sink, a skylight supplying natural light, & a walk-in shower. There is a walk-in closet & a full wall of cubbies, creating an amazing open dresser & storage system. This bedroom is a true retreat w/lake views & glass doors opening onto the deck. A 2nd family room w/gas fireplace is on the lower level along with 2 bedrooms, 2 baths and a 2nd kitchen. The laundry room w/a work sink, counter space & cabinets w/drawers for storage options, is so large that the current owner has bunk beds in it for the grandchildren. This level opens onto a covered patio. There is a door leading to an uncovered side patio as well. Of course, lake living is all about the outside spaces. Tranquility reigns as you sit on the deck looking out over the water w/your coffee or cocktail enjoying sunsets. The large grassy yard, perfect for sports & games, covers the area down to the lake where a firepit & a private boat dock w/steel seawall awaits hours of pleasure. A separate 2-car garage has a workshop space & a large window opening looking out to the lake with bar seating. This is a special property!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1950
MLS Number
202402773
Location
Address
9312 N Gray Avenue
City
Unionville
State
IN
Zip Code
47468
County
MONROE (County)
Listing
Provider
RE/MAX REALTY PROFESSIONALS (BLOOMINGTON), original listing
Name
RE/MAX REALTY PROFESSIONALS (BLOOMINGTON)
Phone
(812) 323-1231
Office Name
RE/MAX Realty Professionals
Office Phone
(812) 323-1231
Agent Name
Ron Plecher

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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.

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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.