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6423 Loch Arbor Drive
Flowery Branch, GA 30542
$1,395,000
Conventional
Property
Bedroom
4
Bathroom
7
Property Type
Conventional
Square ft
7051
Property Description
Think "On Golden Pond". A single covered single slip dock and property bordering a quiet peaceful nature preserve. And oh! So private! All this in a beautiful neighborhood full of trees, flowers and friendly kind people living in executive homes. Also available is a second double slip dock with party deck and .86 acre lot. The property has a classic home located in a cul-de-sac and bordered by a brick wall. Separate 3 car garage and huge floored attic above the garage that is ready to be finished. The main floor has a kitchen that is every chef's dream! It includes maple cabinetry, oversized walk in pantry, Thermador cook top, granite counter tops, tumbled stone and copper back splash and a signed Judith Garrett mural that steals the show! Furthermore, a commercial hood vent and Dutch door with stain glass are more of the exclusive features. Stepdown from the kitchen into the sunroom with 3 sets of glass doors offering woodsy lake views and tiled floors. Step down from the foyer into the gorgeous dining room with walnut floors and trey ceilings. From the foyer walk in to the 48' long formal living room with solid mahogany floors with walnut inlays, marble fireplace with gas logs, four sets of double French doors all with glass that open onto main level covered old south porch with new French tile. Thick custom crown molding covers the entire home. Off of the living room is a beautiful study with built in shelving and Jackson Mantel fireplace finishes off the 1st floor. The 2nd floor features enormous master suite with two sets of double doors leading to another covered upstairs porch, brick and marble fireplace and wet bar closet. Master bathroom has 2 separate toilet closets, one with a bidet and jacuzzi tub. Double shower heads, skylight, Travertine floors and double doors leading to a private balcony. Guest bedroom offers 2 sets of double glass doors that lead onto large upper balcony with beautiful views and a full private bathroom with new tile floor. Third floor showcases a unique dormitory sized room with four double custom pull out window seats that make beds. Room has a private bathroom, two closets all with brand new tiled floors, a lighted eagles nest guides boats home and leads to a rooftop patio. Another quietly secluded bedroom has two closets and private bath with another huge seasonal clothes closet. The terrace level has been designed as a comfortable entertainment center with 50" HDTV or 4th fireplace in gracious family room with wet bar. Three sets of glass double doors lead to patio with great lake views. Terrace level offers bathroom, shower rooms, a large room for storage, and theatre or exercise room. Extras: Elevator services all three floors, custom plantation shutters throughout, central vacuum and stained glass windows.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1988
MLS Number
10275024
Location
Address
6423 Loch Arbor 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
Rebecca Daboub

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Keller Williams Realty Atlanta Partners
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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.