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2481 Linger Longer Drive
Greensboro, GA 30642
$14,500,000
Conventional
Property
Bedroom
5
Bathroom
8
Property Type
Conventional
Square ft
13500
Property Description
Nestled on a sprawling +/- 12.52-acres, this lakefront sanctuary boasts 1200 feet of shoreline, offering stunning views and exclusive amenities. The +/- 7.09-acre main parcel hosts the magnificent 13,500 sq. ft. main home, a pool house, a 50' x 25' pool, scenic lookout, and an array of entertainment venues including fire pits and a max dock. Adjacent, the +/- 5.43-acre parcel promises privacy and potential for additional structures and a separate Reynolds Membership Reservation. Crafted by Beck Architecture and Taylor Custom Homes, the main house greets you with hand-hewn beams, stone fireplaces, and hickory flooring. The spacious great room, complete with a full-service bar and piano alcove, invites gatherings, while the oversized eat-in kitchen and hearth room provide culinary delights and cozy ambiance. Upstairs, the primary suite indulges with a double-sided limestone fireplace, balcony views, and a luxurious ensuite bath. The lower level beckons with entertainment galore with a 1,500-bottle stone wine cellar, fully equipped bar, game room, and a tiered theater. Guests will find solace in the oversized guest ensuites and the bright bunk room with lake access. Outside, the pool house mirrors the main home's charm with rich wood beams, limestone flooring, a well-appointed kitchen, full bath, and stone terraces overlooking the oversized pool, hot tub, firepit and shimmering waters. For the discerning buyer, this estate offers not just a home, but a lifestyle. Complete with advanced technology, maintenance agreements, 3-car garage, and the potential for furnished bliss—including boats, watercraft, and a John Deere Gator ATV—this is an opportunity to embrace lakeside luxury at its finest.
Property Information
Lot Size
12 acre(s) square ft
Property Type
Residential
Year Built
2006
MLS Number
65931
Location
Address
2481 LINGER LONGER DRIVE
City
Greensboro
State
GA
Zip Code
30642
County
GREENE
Listing
Provider
Kim & Lin Logan Real Estate, original listing
Name
Kim & Lin Logan Real Estate
Phone
Office Name
Ansley Real Estate Christies I
Office Phone
(404) 480-4663
Agent Name
Kelly Ruddell

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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.