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133 Elkmont Drive
Dahlonega, GA 30533
$799,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3285
Property Description
Are you looking for a spacious, custom and elegant brick home with CHESTATEE RIVER FRONTAGE? Look no further than this amazing property on 7.71 acres with 330 feet of frontage on the Chestatee River! This home offers everything you need for a comfortable and luxurious lifestyle. It features 3 bedrooms, 3 bathrooms, and 3285 square feet of living space. You will love the beautiful large kitchen (has a gas cook top!) with a walk-in pantry and breakfast area, perfect for preparing and enjoying your meals. There are cabinets and countertop space galore here! The laundry room has a work sink, a built-in desk and cabinets, making it easy to keep things organized. A beautiful wide entry leads you into the great room, which has a bar area and a fireplace, ideal for entertaining guests or relaxing by the fire. There is also a SUNROOM off of the great room with a great view of the beautiful back yard – nice place for morning coffee! You will also appreciate the office with a wall of bookshelves, where you can work or read in peace. The separate dining room has a built-in storage/China cabinet, adding charm and elegance to your dining experience. The master bedroom is on the main and is huge with windows looking out over the beautiful sloped lot as it heads toward the river. The master closet is extra large, and the master bath has a double vanity separate shower and a soaking tub. One of the bedrooms in the full, finished TERRACE LEVEL is large enough to be a recreation room if desired, and it opens out onto a SECOND SUNROOM! The terrace level has several unfinished rooms that will make room for plenty of storage, or would be great craft rooms or hobby rooms – one is also perfect for a storm room. There is a full bath on the terrace level as well. The property has an area that resembles a PUTTING AREA … the owner cleared an area down by the river so his wife would have a pace to walk (it is about .25 mile once around). He ringed it with staggered pine trees. There is a dirt road all the way around the ring. Also, located above the WALKING RING is a good second home site – it would make a good site for a guest house or workshop (that area and the home are at a slightly higher elevation and are NOT in the flood zone). The home would also have a fabulous MOUNTAIN VIEW if you were willing to give up some trees. Walk to the top of the front yard and you can see the mountain view over the top of the roof of the house – the view you would have from the back of the home if the yard was minus some trees. You could have river frontage and a mountain view, too (something that is usually a one or the other proposition). This is a one-owner home and they maintained it quite well, but it could use a little bit of updating … The flooring in the home begs for change – and what more perfect excuse to pick out and put in exactly what YOU want! … maybe wood or luxury vinyl flooring instead of carpet or linoleum. The home is located in a mountainous and beautiful area of northern Lumpkin county – it is about 7 miles from this home to the quaint, historical Dahlonega Square. This home is truly a dream come true for anyone who loves nature and luxury. Don’t miss this opportunity to own this incredible property on the Chestatee River! (the home will officially be on the market for show on Monday – also professional photos of the interior will be up Thursday)
Property Information
Lot Size
7 acre(s) square ft
Property Type
Residential
Year Built
1997
MLS Number
20155146
Location
Address
133 Elkmont Drive
City
Dahlonega
State
GA
Zip Code
30533
County
LUMPKIN
Listing
Provider
Premier, LLC, original listing
Name
Premier, LLC
Phone
(241) 470-4009 xx877
Office Name
Maximum One Premier Realtors
Office Phone
(470) 400-9877
Agent Name
Kathryn Farmer

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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.