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5172 Cozy Cove Drive
Flowery Branch, GA 30542
$1,400,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
5168
Property Description
A multi-million dollar view and the house comes with it! On the beautiful shores of south Lake Lanier, this 1.1 acre point level lot with 2 sides of Corps property, could be the lake home you have been searching for! As you walk in the front door, all you'll notice is the 60' wall of windows with sweeping lake views and look at each other say say, "this is IT!" The sellers have done an amazing job updating the original 1978 home with beautiful hardwood floors, a new kitchen, new deck and an added screened porch, into a lake home that can draw and entertain all of your kids and grandkids and keep them coming back. What is NOT to love about a home with a HUGE living area with room for everyone, a nice open kitchen with lake views, owner's suite on the main level and 3 additional bedrooms in the terrace level with a massive rec room that opens to a covered patio! It is an easy walk to the beautiful Brazilian hardwood dock with a boat lift, where you can relax on the extended patio on the dock, while watching your family and friends float, kayak, paddleboard and swim at the dock. With gorgeous sunset views, from the house, screened porch and dock, this home will be your new, favorite place to be! The detached garage and workshop offer a TON of space for your cars or truck, lake toys, storage or your boat. Take a short boat ride to grab lunch or dinner and a cold beverage at Fish Tales, Pig Tales, Twisted Oar or Pelican Pete's. You are only 5 minutes from downtown Flowery Branch that is growing exponentially with shops, very cool restaurants, concerts in the new amphitheater, weekly events and a farmer's market that is to die for, every Thursday, beginning in May, from 3:30-6:30. It's time to take a vacation! Why not to your backyard?!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1978
MLS Number
10267798
Location
Address
5172 Cozy Cove Drive
City
Flowery Branch
State
GA
Zip Code
30542
County
HALL
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

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.