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6031 Shadburn Ferry Road
Buford, GA 30518
$2,550,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
4918
Property Description
YOU HAVE TO SEE TO BELIEVE IT and watch the AMAZING virtual tour. Welcome home to this exquisite, gated, south-lake property with head-turning curb appeal. As you walk up to this stunning 4-sided brick and stone masterpiece and enter the double iron doors into the gorgeous 2 story foyer, you will fall in love with this one-of-a-kind home! On the main level, you will be proud to serve a lovely meal to your guests in the beautiful dining room, located next to the gourmet kitchen and keeping room. The great room, with lake views offers a fireplace, built-in bookshelves and overlooks the pool. On the upper level is the spa-like master suite and 3 additional bedrooms and 1 of the bedrooms has a bunk room attached. The terrace level is fantastic and includes a bedroom, living area, beautiful bar and media room, a private gym PLUS a wine cellar that holds 300 bottles of wine! You will be amazed as you discover the very unique, custom-built and lovingly designed, 2 level covered deck with fabulous lake views! Just imagine jumping into the saltwater gunite pool with a spa and relaxing waterfall feature, for a quick dip after you make your famous pizza in the pizza oven while your friends and family are relaxing next to the outdoor fireplace enjoying their favorite beverage! You will never run out of room for entertaining as your outdoor living includes a seating area, bar area, two dining areas and a custom outdoor kitchen, complete with icemaker, gas grill, Evo grill, warming drawer and so much more. This will be the place you will want to be year-round! There is an additional, grandfathered viewing patio on Corps property as you walk a few steps towards the water. After a day of fun, head to your private gym for a workout and finish up with a steam shower OR grab a bottle of wine from your stone wine cellar, pick a book from your loft library and relax by one of the three interior fireplaces inside the home. You also may want to walk down to your top of the line 32 x 32 dock with party deck, with always deep water and take ride to one of the marina restaurants-all of them are so close by! This lovely home has five bedrooms, 4 1/2 baths, a three-car garage with finished flooring and storage shelving and has been thoughtfully updated throughout the interior. While the septic is approved for a 4-bedroom home, the sellers have lived in it as a 5-bedroom home. This location, home and lifestyle are just waiting for you!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2005
MLS Number
10261936
Location
Address
6031 Shadburn Ferry Road
City
Buford
State
GA
Zip Code
30518
County
GWINNETT (NORTHWEST)
Listing
Provider
Keller Williams Realty Atlanta Partners - North Gw, original listing
Name
Keller Williams Realty Atlanta Partners - North Gw
Phone
(678) 318-5000
Office Name
Keller Williams Realty Atl. Partners
Office Phone
(678) 318-5000
Agent Name
Teresa Smith

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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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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.