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10170 Cedar Grove Road
Fairburn, GA 30213
$2,950,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
4980
Property Description
Ideally located in Chattahoochee Hills across the street from the entrance to Chattahoochee Hills Eventing at Bouchaert Farm, a premier Equestrian Eventing Center, this gorgeous estate is an optimal place for a country retreat. Inside the gated entry and tucked back away from the road is a spacious, 4-sided brick home custom built for entertainment and outdoor connection. The over 4,000 sf main level is home to 5 bedrooms, a formal dining room, a living room/library, an expansive family room, a bright sunroom, and a chef's kitchen that was designed for gatherings and interaction. Downstairs is an oversized laundry room with extensive storage, a full bathroom, and two flex rooms, one with a brick fireplace, that span the length of the living area above. Perfect for office space, a home gym, a game room, or guest accommodations, these rooms are both adaptable to multiple needs. A beautiful pebble-tec pool and huge deck overlooking a picturesque meadow with access from the living and kitchen spaces and two of the bedrooms make outdoor living a breeze! Equestrian facilities include a barn, a round pen, and an arena and were home to many horses over the years. A charming guest house was recently renovated and includes a full kitchen, living room, laundry, bedroom, and full bath. The guest house may be a source of rental income. All of this is on 62.36 stunningly beautiful acres in the heart of Chattahoochee Hills, a community recognized for zoning and building requirements designed to protect the rural nature of this pristine land.
Property Information
Lot Size
62 acre(s) square ft
Property Type
Residential
Year Built
1985
MLS Number
7364411
Location
Address
10170 Cedar Grove Road
City
Fairburn
State
GA
Zip Code
30213
County
FULTON (COUNTY SOUTH)
Listing
Provider
Atlanta Fine Homes Sotheby's International Realty, original listing
Name
Atlanta Fine Homes Sotheby's International Realty
Phone
(404) 835-9601
Office Name
Atlanta Fine Homes Sotheby's International
Office Phone
(404) 874-0300
Agent Name
Liz Scruggs

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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.