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55 Summit Trail Lane
Dawsonville, GA 30534
$2,500,000
Conventional
Property
Bedroom
6
Bathroom
8
Property Type
Conventional
Square ft
10098
Property Description
Welcome to your own private retreat nestled within the prestigious gated community of The Summit in Dawsonville. As you enter through the gates, you'll follow a long, tree-lined driveway leading you to a picturesque circular drive and a three-car side garage, offering both convenience and a touch of grandeur. This stunning home has undergone a complete renovation, leaving no detail untouched. It's as if you're stepping into a brand new home, despite its original construction in 2002. With six bedrooms, six full baths, two half baths and a huge bonus room over the Garage. All bedrooms have their own full bathroom and walk in closets, there's ample space for family and guests. The inviting entrance, you'll be greeted by a charming front porch, beckoning you to sit and enjoy the serene beauty of your surroundings. Whether it's sipping your morning coffee or unwinding with a glass of wine in the evening, this welcoming porch sets the tone for the warmth and hospitality that awaits inside. As you step through the front door you will discover the warmth of hickory wood floors imported from Vermont, adding a touch of rustic elegance to the interior. Prepare to be captivated by the grandeur of the two-story great room with natural light streaming through expansive windows, this impressive space offers a sense of openness and airiness, creating the perfect backdrop. With its soaring ceilings and elegant architectural details, the great room exudes both sophistication and comfort. As you move through the home, you'll discover thoughtful touches and impeccable design at every turn. From the gourmet kitchen with its top-of-the-line appliances and custom cabinetry to a view of the the cozy keeping room and fireplace, complete with charming ceiling beams. The primary bedroom on the main level, is a tranquil haven where relaxation reigns supreme. This expansive space offers ample room for a comfortable seating area or a cozy reading nook, providing the perfect spot to unwind at the end of the day. Prepare to be enveloped in indulgence as you enter this luxurious space of the spa like primary bathroom. A deep soaking tub, surrounded by elegant tile work and bathed in soft, ambient lighting. Let the cares of the day melt away as you immerse yourself in blissful relaxation. Huge walk-in closet, a haven of organization and sophistication. Custom cabinets line the walls, providing ample storage for your wardrobe and accessories. Every item has its place, allowing you to start each day feeling organized and prepared. Entertaining is effortless with a finished walk-out basement featuring a game room, family room, bedroom, media room, bar, and stone fireplace, creating the perfect ambiance for gatherings with loved ones. Whether you're hosting a movie night or a cocktail party, this space is sure to impress. Outside, the wonders continue with 6.72 acres of fenced-in and gated property, offering privacy and serenity. Immerse yourself in nature as you explore the lush surroundings, home to an array of beautiful wildlife including birds, deer, and more. Conveniently located near North Georgia Premium Outlets, Lake Lanier, restaurants, fantastic parks and the majestic Blue Ridge Mountains, this home offers a lifestyle that dreams are made of. With wineries not to far away, you'll have endless opportunities to indulge in the finest that Georgia has to offer. This home is a true hidden gem, offering luxury, comfort, and unparalleled beauty in every corner. Don't miss your chance to own a piece of paradise that you could never replicate at this price. Welcome home to The Summit!
Property Information
Lot Size
6 acre(s) square ft
Property Type
Residential
Year Built
2002
MLS Number
10272867
Location
Address
55 Summit Trail Lane
City
Dawsonville
State
GA
Zip Code
30534
County
DAWSON
Listing
Provider
RE/MAX TRU, original listing
Name
RE/MAX TRU
Phone
(770) 502-6230
Office Name
Re/Max Tru, Inc.
Office Phone
(770) 502-6230
Agent Name
Chalise Sarazen

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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.