Real Estate, Health & Classifieds
THURSDAY, SEPTEMBER 29, 2011
Office: 989-732-1707 Toll Free: 800-828-9372
1738 S. Otsego Ave., P.O. Box 641 Gaylord, MI 49735
Even More Affordable All Sport Lake FrontCabin with StoragePlus. Quaint 2 Bed, 1Bath Cottage with Tongue & GrooveKnotty Pine Interior, Wood Burning Insertand Central Air toKeep You Comfortable All Year Long. 48 Feet of Frontage onSynder Lake for Swimming, Boating, Fishing. 2 Garages with a Workshop for Toys. Paved Drive and Whole House Generator.
YOU CAN’T TELL A BOOK BYITS COVER
Completely Remodeled 3Bed, 1 Bath Ranch South of Wolverine. New KitchenCabinets, New Laminate Flooring, New Light Fixtures, New Furnace, New Hot Water Heater. State Land with Sturgeon River and TrailRight Across the Road. Land Contract Terms Available.
3 Bed, 2 Bath Ranch Close toTown. Rich, Warm andComfy Inside with VaultedCeilings, TileFloors, Natural Gas Fireplace and Central Air. Newer Roof, Hot Water Heater, Appliances. Attached Heated Garage, StorageShed, Fenced in Yard and doggie door for Fideo. GreatPlace...Great Price.
L A N D C O N T R A C T C L O S E T O T O W N
A L L S P O R T S L A K E
HORSE LOVER DELIGHT!
Newer 3 Bed, 2 Bath Home. Plus 60x120 Indoor Horse Arena with Heated Tack Room, Observation Room, Wash Rack andBathroom. 7 Stalls with Room to Add More. 60 Foot RoundRiding Pen, Individual Turnouts with Run Ins. Pasture Land and Additional Pole Bldg for Storage or Toys.
80 ACRESOF FUN
with this 5 Bed, 31/2 Bath, Full LogHome w/ Stone Accents. FullFinished WalkoutBasement,Fireplace, Pellet Stove, Wood-Tile-Carpeted Floors. Main Floor Master Suite, Main Floor Laundry, Attached 2 1/2 Car Garageplus 30x50 Pole Bldg. 2 Square 40 Acre Parcels. Front Mostly Open-Think Horses. Back Mostly Woods-Think Hunting. Lotsof Deer, Elk & other Critters. Bradley Creek Flows Thru Too-Think Trout. All at end of County Maintained Dead EndRoad. Home Warranty.
3 Bed, 2 Bath Country Ranch on110 Acres. SpotlessCountry Kitchen,Hickory Cabinets,Center Island, 6 PanelOak Doors, Marvin Windows, VaultedCeiling & VermontCastings Wood Stove for Up North Feel. Recently CompletedFull Finished Basement. 2 1/2 Car Garage, 60 X 40 Pole Bldg w/ 12Ft Walls plus 36 x 100 Garage on Back 40 w/ CementFloor and Electric. All Surrounded by Rolling Acres of Maple,Beechwood and Birch.
3 Bd, 2 Bth Homeon 10 Wooded Acres & Deeded Access to WestLake. Hardwood & Tile Floors.Economical Pellet Stove Heat. Whole House Generator. Workshop. 2 1/2 Car Attached Garage plus 32X40 & 20X26Pole Bldg for Toys. 13Ft Doors. Wired for Motorhome. Private West Lake Provides Fishing & Sandy Beach.
8 0 A C R E S 1 6 0 A C R E S
Quaint LogCabin on theLake.CharmingInside and Out with nearly 100 Feet of Frontage on Arrowhead Lake. Turn Key and Completely Furnished.
L A N D C O N T R A C T/ L A K E
5 4 A C R E S
D E E D E D L A K E A C C E S S
On the Market
Choosing aForeclosed Home to Buy
By Ed Wohlfeil
Foreclosed homes representsome of the finest buying oppor-tunities in many years. If oneunderstands how to choose theright property, they can bepleased with the purchase.Just because it is a foreclosedproperty, does not automatically guarantee that it will be a goodbuy. There are several factors toconsider before choosing aproperty and making an offer.This will help ensure that achoice will be the right one.PurposeIs one an investor or looking for a home to live in? Depending on the intended use for theproperty, the buying criteria may be somewhat different. Investorsusually are planning to eitherrent the property or resell it. Theprimary consideration is posi-tive cash flow, or the ability toprofit from a resale.Owner-occupant buyers whointend to buy a foreclosed hometo live in are not concernedabout rental cash flow. Their pri-orities are correlated to the sizeof the home and the location.They too should be very mindfulof other criteria that will have abig impact on the purchase afterit is completed.LocationIf an investor, the most com-mon mistake is location. Theproperty choice should be influ-enced by an investment plan. If intending to rent the property,choose a home that does nothave too much competition inthe immediate area.One of the things that led to ahigh foreclosure rate among investors during the last years of the housing boom was investors who bought properties forrental, in areas where there werealready many vacant rentals onthe market. It will force rent ratesdown, or vacancy rate will behigher. If planning to resell, thesame rule applies. A property may look very cheap, but if thereis too much competition forrental or resale, it is going toreduce cash flow or force tolower the selling price.Owner-occupants need tochoose locations occupied by more owner-occupants thenthere are tenants. Buying a hometo live in, in an area with lots of rental properties, will likely cause the home value to remain
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101 E. Mitchell Street, Gaylord
Real Estate One, Gaylord (989) 705-8284
By Jim Akans
NOTE; Due to a publishing error, the photos of last week’s feature home did not match the article description. Following is the correct narrative:
This is a grand character style of home that simply does not show up onthe real estate market very often.Located just a few blocks north of downtown Gaylord, this magnificenthistoric home has undergone meticulous renovation and updating in recent years, resulting in a spacious, elegant estate that offers the perfect blend of nostalgic grandeur and contemporary lifestyle amenities.This five bedroom, two and a half bath residence features nearly 5,300square feet of living area. Highlights include a gourmet kitchen with a mix of concrete and Spekva Iroko (wood) countertops, heated tile floors, hard- wood flooring in the foyer, living, dining, parlor and home office areas, abrick fireplace, and much more. The restored vintage woodworking throughout the home is amazing to behold, recalling a time when work-manship and materials were painstaking crafted to showcase and endure.The just over half-acre grounds surrounding the home are beautifully landscaped and include well-established perennial gardens conveniently maintained with an in-ground irrigation system. There is an historic log potting shed located on the grounds, a perfect compliment to the vintageambience of the home and property. The home’s wrap-around coveredporch is an idyllic spot to sit back and become immersed in a reflection of asetting Gaylord pioneers enjoyed over a century ago.On a more contemporary note, this home also includes an attached areathat would make the perfect spot to set up a business, and the daily com-mute to work is only a few steps away! The location is ideal, as this home issituated on a corner lot not far from Gaylord’s wonderful downtown busi-ness district.This is a truly exceptional real estate offering, and at a listing price of $219,500 – it isn’t likely to be on the market very long. Call Lesa Jarski at RealEstate One today for a private showing; (989) 705-8284 or email Lesa@lesa- jarski.com
Meticulously renovatedhistoric home in Gaylord