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160 Rock Glen Road
Athens, GA 30606
$950,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2714
Property Description
This is the street you have always dreamed of living on, but never thought you'd have the opportunity to do so. This sought after cul de sac street is in walking distance to Five Points and UGA sport facilities, not to mention Barrow Elementary. One of the greatest features of this home is the spacious covered rocking chair front porch overlooking a well maintained yard and charming stone sidewalk. The curb appeal will immediately catch your attention! Offering three bedrooms and three full baths on one level, this home is super functional with multiple living spaces. Hardwood floors span the main home, and both the sunroom and home office have a neutral carpet. Upon entering the home, you have a small foyer that opens into a sizable great room with a gas fireplace. From this room, you have access to the large formal dining room, a french door leading to the sunroom and home office, and access to the hallway towards a guest bedroom and full hall bath. The kitchen has ample cabinetry, black granite countertops , a deep walk in pantry, large island and great views overlooking the rear deck. A keeping room connects the kitchen to the newer rear addition which is home to a secondary bedroom, full bath, primary suite and an open stairwell to the terrace level rec room. The two rear bedrooms both have access to the side screen porch which was built with trex flooring. The primary bath boasts two separate vanities, a lavatory closet, jetted tub and large walk in shower. The bright and wide open stairwell leading to the rec room offers great natural light to the rear of the home. The terrace level rec room has a pool table that will convey with the property and has two doors that open into the two car garage, and a French door leading to the exterior. The opportunities are endless with this Five Points cottage!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1948
MLS Number
1013742
Location
Address
160 Rock Glen Road
City
Athens
State
GA
Zip Code
30606
County
CLARKE
Listing
Provider
Chastain, Jenkins & Leathers, LLC, original listing
Name
Chastain, Jenkins & Leathers, LLC
Phone
(706) 559-4520
Office Name
Corcoran Classic Living
Office Phone
(706) 559-4520
Agent Name
Mary Catherine Smith

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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.