Home for Sale at Lot 1 SUMMIT LAKE, Summit Lake, AK 99737

Lot 1 Summit Lake
Summit Lake, AK 99737

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Property Details

List Price:	$430,000
Beds:	2
Baths:	2
Status:	Active
SqFt:	3192
Agency:	EMPIRE REALTY

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	1988
Notes:	Absolutely stunning view from this lake side cabin situated smack dab in the middle of snowmachining paradise! What an incredible location. Three hours south of Fairbanks, 75 minute south of Delta Junction or three and a half hours north of Valdez, however you get there you will be happy you did. Summit Lake is close to Fielding and Paxson Lakes, all havens for camping, fishing, hunting and recreating. Summit Lake, with its proximity to the Alaska Range and just west of the Gakona Glacier, is locally recognized as one of the best places in Alaska for snowmaching. Imagine spending a day riding the mountain sleds to have a warm and dry home to come to! This really is a home more than a cabin. A solar array, battery bank and generator keep the power going here and with a well and septic system and a pellet stove (with a Toyo in the basement) it has all the amenities of 4 season living. The foundation is poured concrete and owner reports 10 inch think walls. The main home has a huge kitchen, generous living room and a bedroom with a full bathroom. The sunroom off of the kitchen is unbelievable! Step out onto the deck to grill and step back in the sunroom to enjoy all of the amazing views of the lake without the mosquitos. The property is over an acre and also boasts a full sized garage with an overhead door on each side, perfect for pulling truck and trailer through. There is even a guest cabin! Recently the access was upgraded with a new driveway just off of the Richardson Highway, a fresh aluminum gate and plenty of parking. Truly a slice of heaven!
MlsNumber:	153467

Listing Provided By:	EMPIRE REALTY, original listing
Name:	EMPIRE REALTY
Phone:	(907) 374-4663
Office Name:	EMPIRE REALTY, LLC
Office Phone:	(907) 374-4663
Agent Name:	Joel Johnson
Disclaimer:	Copyright Â© 2024 Greater Fairbanks Board-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.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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