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1340 Wrights Mill
Commerce, GA 30530
$1,499,900
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
--
Property Description
Watch The Comprehensive 30+ Minute Live-Action HD Video Tour! Farmhouse Living On Nearly 30 Acre Retreat Only Minutes From I-85. Over 90% Of Land Is Cleared/Grassed And Fence & Cross Fences Are Already In Place - Bring The Horses! Modified Four Gables Southern Living House Plan Only 2 Years Young! Be Careful, There Might Be Too Many Choices To Choose From - Is Your Favorite Outdoor Relaxation Spot The Swing On The Covered Wraparound Front Porch? Maybe The Enormous Screened Back Deck? The Covered Rear Patio? The Tanning Ledge In The Saltwater Gunite Pool W/Flagstone Surround? Or Maybe Sharing Laughs And Memories While Making Smores With Family And Friends After Walking The Flagstone Path To The Inground Fire Pit? You'll Step Back In Time When You Walk Inside, While Still Finding All The Modern Conveniences You Could Ask For. Just Past The Entrance Foyer, You'll Appreciate The Open Floor Plan On The Main, Featuring Solid Pine Flooring, Abundant Shiplap, A Stunning Kitchen (Ss Appliances, Beautiful White Oak Countertops, Gas Cooktop, Farmhouse Sink, Kitchen Island, Large Walk-In Pantry With Wine Fridge & Electrical Outlets For Accessories, View To The Family Room, And Stunning Outdoor Views), Dining Area, And Fireside Family Room Highlighted By A Show-Stopping Reclaimed Beam And A Reclaimed Mantle Above The Cast Iron Wood Burning Stove. The Master Suite Is Also Conveniently On The Main, Boasting A Spa-Like Master Bath With Double Vanities, A Cast Iron Clawfoot Tub, And Dual Head Oversized Tile Shower. The Master Bath Also Provides Easy Access To The Spacious Laundry Room, Which Includes A Convenient Wash Sink. To Complete The Main Level, You'll Find A Guest Powder Room, A Side Entry Mudroom (With Hangers, Storage, A Distressed/Tumbled Brick Floor, And A Charming Dutch Double-Hung Exterior Door), And A Rear Screened Deck With A Stunning View Of Your Backyard. Upstairs Are 2 Guest Bedrooms (That Each Feature Their Own Ensuite Full Bathroom, And 2 Separate Closets For Each Bedroom As Well) And A 3rd Upper Level Bedroom With A Closet That Has Been Wired With An Electrical Outlet If That Room Is To Be Used As An Office. The Upper Level Is Completed With Solid Pine Flooring Shiplap Siding Virtually Throughout, A Pair Of Built-In Bookcases And An Oversized Storage Room/Linen Closet, Plus Pull-Down Access To The Attic Above. In The Full Basement, You'll Find Virtually The Same Floor Plan As The Main Level, Featuring A Large Wet Bar With Granite Countertop, Ample Storage, And Full-Sized Refrigerator. There's Also An Eating Area, A Living Area With A Second Stone Fireplace (With Ventless Gas Logs), And A 5th Bedroom (Virtually Identical In Size To The Master Bedroom) With A Private Full Bathroom & 2 Separate Closets. The Lower Level Also Features Stained Concrete Flooring, A Large Storage Room, Storm Shelter/Potential Safe Room, Under-The-Stairs Storage, A Utility Room (You'll Find The Tandem Water Heaters W/Recirculation System, The 3 Separate Breaker Boxes And Yes, The Home Does Have A Built-In External Generator Hook Up And The Irrigation Control Box Here), And A Covered Rear Patio Only Feet From The Gunite Salt Water Pool. There's Just Too Much To Mention - Pea Gravel Driveway, Walkways With Large Flagstone, Sodded Bermuda Lawn With Irrigation, Poured Concrete 1/2 Basketball Court, Board And Batten, Solid Core Interior Doors, Spray Foam Insulation, In Ground Propane Tank, Underground/Invisible Dog Fence, Fenced Pasture Area - Come Appreciate It For Yourself!
Property Information
Lot Size
27 acre(s) square ft
Property Type
Residential
Year Built
2021
MLS Number
10272534
Location
Address
1340 Wrights Mill
City
Commerce
State
GA
Zip Code
30530
County
BANKS
Listing
Provider
Berkshire Hathaway HomeServices Georgia Properties, original listing
Name
Berkshire Hathaway HomeServices Georgia Properties
Phone
(706) 654-2086
Office Name
85 North
Office Phone
(706) 654-2086
Agent Name
Mike Kinlaw

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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.