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600 Fenwick Wood
Clarkesville, GA 30523
$1,499,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
5800
Property Description
A 10.87 Acre Soque River Legacy Estate with 1800 feet of prime river frontage, pond, lush mature landscaping, gardens, and a 5BD, 3.2BA, 5800sqft river home. Perched on a knoll at the center of a peninsular bend in the river and with sweeping views of the riverscape, the custom cedar-sided and stone-clad home is of high quality and features massive stacked stone central fireplace, vaulted great room with exposed beams, high-end casement windows, sunroom, full-length screened porch, expansive terrace level with walk-out patio, firepit and koi pond. Kitchen has Thermador Range, updated quartz tops, oversized walk-in pantry, and breakfast area. Main level has open plan living and dining, owners' suite, separate office, and laundry/mudroom. Upstairs hosts 2 bedrooms with open media room and shared bath. Terrace level has wood burning stove, living room, 2 bedrooms with jack-and-jill bath, and heated workshop and storage. Incredible park-like setting with 0.5 acre pond, paved tree-lined drive, numerous specimen trees, blooming shrubs and flowering plantings, raised-bed gardens and fenced garden lot. High river character with sets of noisy shoals, rock ledges and outcroppings, and beautiful stands of blooming mountain laurel and rhododendron. The fishery is managed by the community, is routinely stocked and boasts trophy rainbow and brown trout! Fenwick Woods is a private, gated river community with community river trail and access to over one mile of trophy trout water. Convenient location just minutes from downtown Clarkesville, 17 miles to Lake Burton, 85 miles to Greenville, 90 miles to Atlanta.
Property Information
Lot Size
10 acre(s) square ft
Property Type
Residential
Year Built
1999
MLS Number
10264923
Location
Address
600 Fenwick Wood
City
Clarkesville
State
GA
Zip Code
30523
County
HABERSHAM
Listing
Provider
Berkshire Hathaway HomeServices Georgia Properties, original listing
Name
Berkshire Hathaway HomeServices Georgia Properties
Phone
(706) 778-4171
Office Name
Northeast Georgia Clarkesville
Office Phone
(706) 778-4171
Agent Name
Meghann Brackett

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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.