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1669 S Black Island Road
Darien, GA 31305
$1,699,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3000
Property Description
This home is a spacious 3000 square foot heated living space, with front and back porches to enjoy the spectacular water views and breathtaking sunsets. Every window in the home affords water views of the marsh and surrounding rivers. It has a glassed-in sun room, perfect for painting and taking in the beautiful surroundings, with 10’ ceilings throughout, wide open hallways with 3 spacious bedrooms and full baths. There is a cozy wood burning “tabby” fireplace in the living room that fills the home with warmth during the chilly winter months. The attic is unfinished and provides plenty of storage space if needed. A detached three car garage with an unfinished living space above could easily be finished and be the perfect space for a caretaker's quarters. There is an existing 25 X 20 Hen House that would allow you to raise your own chickens and have organic fresh eggs. The large open lawn/pasture area could easily accommodate a couple of horses for the equestrian lover or possibly a couple of cows if you were interested in becoming a self-sustaining property. There is an existing tractor barn and equipment shed to store all items one might need. Tucked between the dock and the house is a 1/2 acre stocked pond. It is 17’ deep with artesian water flowing from the 800’ deep well that serves the house. If you need a place to cool off after a long day on the boat, the concrete lap pool never disappoints and is a summertime. The existing dock has a 13,000 lb. covered boat lift with a dock house as well. There are 35 to 45 foot deep waters on the Darien River frontage portion which provides the perfect place to build a second dock to accommodate larger boats. The Intracoastal Waterway is a short 15 minute boat ride from Black Island, just up the Darien River. If you love outdoor activities .... Black Island is your spot and the endless possibilities of outdoor adventure are sure to please all.
Property Information
Lot Size
17 acre(s) square ft
Property Type
Residential
Year Built
1997
MLS Number
1645257
Location
Address
1669 S Black Island Road
City
Darien
State
GA
Zip Code
31305
County
MC INTOSH
Listing
Provider
Music Properties Group, original listing
Name
Music Properties Group
Phone
(912) 617-8777
Office Name
Music Properties Group
Office Phone
(912) 617-8777
Agent Name
Trish Sigman

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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.