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774 Tate Overlook
Marietta, GA 30064
$2,650,000
Conventional
Property
Bedroom
5
Bathroom
7
Property Type
Conventional
Square ft
9588
Property Description
Welcome home to this spectacular home in Anderson Farm! Enjoy a fantastic view of Kennesaw Mountain every time you drive through the neighborhood towards home. A two-story foyer welcomes you to an elegant, curved staircase flanked by a formal dining room and private study. Notice the direct line of sight to the spectacular backyard pool setting from the moment you walk through the front door. The Foyer leads to the Living Room filled with tons of natural light, an additional staircase to the second level, and a great view of the backyard. The Living Room flows easily into the Adac designed kitchen which features an oversized island, a built-in custom refrigerator, appliance cabinet, two dishwashers and large walk-in pantry. The open concept creates a seamless flow into the Family Room and additional dining area. The primary bedroom is located on the main floor and boasts a domed ceiling and a relaxing sitting area with a fireplace. The primary bathroom includes heated floors, a soaking tub, his and hers custom closets and vanities, and a stackable washer/dryer closet. On the upper level, you will find 4 spacious bedrooms. Each bedroom has it's own thermostat, private bathroom with heated floors, and custom walk-in closets. There is a spacious second laundry room connected to the fourth upper-level bedroom with space for two sets of washer/dryers. The Terrace level welcomes you to a comfortable sitting area that leads to a recreation room, a home gym, a full bathroom, and additional room that could be used for a bedroom or office. Continuing to the other side of the basement, you will find a spacious, partially finished area that could be transformed into a media room, additional living space, or whatever fits your needs. Step out to the private backyard from the main level or terrace level into an outdoor retreat. Here, you will find a putting green, in-ground trampoline, lighted sport court, a large flat grassy side yard, a saltwater pool and hot-tub. A gorgeous pavilion anchors the backyard and is equipped with a fireplace, outdoor cooking area and island, a fully enclosed mini kitchen with Viking appliances, half bathroom, and outdoor shower. Everything you need for outdoor entertaining, recreation, or relaxing! You don’t want to miss this incredible home located near Kennesaw Mountain National Park, The Marietta Square, schools, dining, and more!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2007
MLS Number
7378419
Location
Address
774 Tate Overlook
City
Marietta
State
GA
Zip Code
30064
County
COBB (SOUTHWEST)
Listing
Provider
Ansley Real Estate Christie's International, original listing
Name
Ansley Real Estate Christie's International
Phone
(404) 480-4663
Office Name
Ansley Real Estate| Christie's International
Office Phone
(404) 480-8805
Agent Name
Lynne Underwood

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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.