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179 Middleton Trace
Newnan, GA 30265
$1,129,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
5724
Property Description
PRICE IMPROVEMENT! Located in SummerGrove this spectacular residence sits on a private 1/2-acre wooded lot, backing onto the biking/jogging trail. The home features 6,365 square feet of heated space, 5 spacious bedrooms, 5 full baths, an entertainment kitchen with a granite island, a formal dining room, a home office, a downstairs bar with lounge area, a home theater, private fitness studio, several outdoor spaces, whole house Generac generator, custom window coverings to built-ins throughout making this gem an absolute showstopper...........DETAILS OF THIS EXQUISITE RESIDENCE: The exterior of the residence gives the impression of rising from the forest, with a blend of materials that harmonize with the surrounding pines and hardwoods, creating a sense of belonging. The finished area of the residence spans 5,724 square feet, exuding a stately scale and proportion. Despite its grand size, the design incorporates traditional features like siding, shutters, and stone, lending it a charming cottage-like quality. The two-car garage is cleverly designed to mimic a stone carriage house, enhancing the overall cottage theme. A breezeway with two large closets and space for grilling opens up to the mudroom and laundry, complete with custom built-ins for added convenience and organization. The 24' x 19' great room welcomes you with windows framing views of the quiet street and wooded backyard, making it perhaps the best room in the house. French doors in the great room open to a game-day covered deck, perfect for accommodating guests overflow from the kitchen and formal dining areas. The kitchen, adorned with several windows for natural light, features a beadboard ceiling with box beams, a 4-seat granite breakfast bar, KitchenAid stainless smart appliances, and French doors leading to a screened porch with a gas fireplace. Adjacent to the kitchen is the dining room with a coffered ceiling and custom hardwood built-ins. Across from the dining room is an ample home office with hardwood cabinetry and built-ins. The first-floor owner's suite offers a tranquil view of the yard, including a dressing area, built-in Merillat armoire, and his and hers walk-in closets with custom built-ins. The spa area features windows for privacy, a separate jetted tub and shower area, and unfitted vanities resembling furniture pieces. The main floor also includes a guest bedroom with a full bath opening to the screened porch. The staircase boasts large windows and classic newel posts and railings, leading to three guest rooms with large closets and custom built-ins. Two full baths on this floor feature hardwood vanities with granite tops. The lower terrace level features a home theater with stadium seating for six, a custom 40" x 90" screen, a home gym with floor-to-ceiling mirrors and built-ins, a billiards/lounge room with a kitchenette and storage pantries, and two trillium-covered porches with stone walls and recessed lighting. The terrace level also includes a spacious playroom opening to an outdoor patio and a large climate-controlled storage room with direct backyard access. Product Spotlight: Tankless Hot Water Heater~ Koch Water-Proofing Tuff-N-Dri water shield, designed to keep water away from basement walls. ~ Additionally, the premium wood casement windows from Windsor Windows' Pinnacle Series, equipped with Low-E glass, protect the home from harmful UV rays while reducing heat loss in the winter and heat gain in the summer. SummerGrove's amenities include three pools, a 100-acre lake, tennis and pickleball courts, a golf course, lazy river, playground, clubhouse, and walking trails! Sought after development conveniently located near a plethora of shops and restaurants at Ashley Park, hospital, physician offices, I-85, and just 30 minutes to Atlanta-Hartsfield Airport.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2001
MLS Number
10268924
Location
Address
179 Middleton Trace
City
Newnan
State
GA
Zip Code
30265
County
COWETA
Listing
Provider
Meadows Hale Realty, Inc., original listing
Name
Meadows Hale Realty, Inc.
Phone
(706) 846-3161
Office Name
Meadows Hale Realty Inc
Office Phone
(706) 846-3161
Agent Name
Julie G'Vitale

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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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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.