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406 Shadburn Avenue E
Buford, GA 30518
$2,800,000
Conventional
Property
Bedroom
3
Bathroom
5
Property Type
Conventional
Square ft
8170
Property Description
Gracefully tucked away just off Main Street in downtown Buford, the captivating Stonehedge venue is a timeless Southern treasure. This stunning estate showcases a magnificent two-story home, a modern event space with three gated entrances, evoking images of classic Southern novels and beloved movies like Steel Magnolias or The Notebook. Situated on over two acres of meticulously manicured grounds adorned with two nationally recognized Champion trees and native Georgia plants, Stonehedge is a natural oasis of beauty. The lush landscaping, lovingly preserved and maintained, is a testament to its rich history. Stonehedge was constructed in 1903 for Kate Allen and her husband, Burl Shadburn, daughter of Bona Allen Sr., the esteemed founder of a thriving tannery business in Buford during the late 1800s. As you approach, the grand wrap-around porch welcomes you with open arms. The majestic foyer entrance is adorned with original wood trim and antique push button light switches and hardware, a gleaming hardwood staircase, and a stunning crystal chandelier that casts a warm glow throughout the space. The natural stained-glass window adds a touch of artistry, while judges paneling and wood beams lend an air of opulence. Hideaway doors open to reveal a parlor complete with one of seven fireplaces found throughout the house. The dining room is a true masterpiece, featuring original murals with gold flake accents, a window wall that floods the room with natural light, and curved wood trim crafted by ship builders. The original chandelier hangs gracefully overhead, casting a soft glow on the concave glass in the hutch, showcasing the home's attention to detail and craftsmanship. The modern professional kitchen is a chef's dream, boasting a Wolf gas cooktop and oven, granite countertops and a commercial Masterbilt refrigerator. A nod to the home's rich history can be seen in the two original pieces - an icebox and buffet - that add a touch of nostalgia to the space. The library, which could double as a bedroom, boasts a spacious bay window that fills the floor-to-ceiling built-ins with abundant natural light. A separate bedroom on the main floor comes complete with a full bath featuring a walk-in tile shower. The second floor of Stonehedge is a true haven, a spacious retreat that offers boundless possibilities for creativity and inspiration, adorned with an exquisite antique stained-glass window, adding a touch of vintage charm. A glass bridal suite and adjacent private porch provides stunning views of the surrounding landscape. Another bedroom/conference room features a full bath with an original claw tub. A 270-degree viewing room, surrounded by windows, offers a serene space to relax and take in the scenery. The covered screened porch overlooks a serene koi pond and features removable screens, allowing for year-round enjoyment while the private fire pit creates a picturesque setting for outdoor gatherings and entertainment. Nestled in the rear of the property lies a stunning 4,000 sq ft event space, previously enchanting couples as a stunning wedding venue. Its allure and versatile layout offer endless possibilities for creating unforgettable experiences and cherished memories from romantic ceremonies to lively receptions. With a versatile layout, the first floor provides 2,000 sq ft of open space with a 16 ft garage door and French doors for easy loading and unloading. Upstairs, another 2,000 sq ft with an 18 ft ceiling and double slanted windows creates a grand and open atmosphere. Practical features include half baths on both floors, storage and IT rooms, and over 1,000 sq ft of covered porches for guests to enjoy. For added convenience, the venue features a detached 2-car garage offering ample storage, parking spaces and a rear loading dock adding to the ease of logistics for event setup and breakdown. The garage is equipped with a state-of-the-art electric vehicle charger, catering to the needs of eco-conscious guests.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
1903
MLS Number
7361694
Location
Address
406 Shadburn Avenue E
City
Buford
State
GA
Zip Code
30518
County
GWINNETT (NORTHWEST)
Listing
Provider
RE/MAX Center, original listing
Name
RE/MAX Center
Phone
(770) 932-1234
Office Name
RE/MAX Center
Office Phone
(770) 932-1234
Agent Name
Bill Reed

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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.