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1355 Veranda Park Drive
Madison, GA 30650
$769,500
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
4978
Property Description
Owner Financing Available! This is it! A rare find in a quaint neighborhood in a perfect location in one of America's best small towns. Welcome to Veranda Park where front porches abound and neighbors stroll the sidewalks on both sides of all streets. With only 25 classic southern homes, the peace and quiet of this environment cannot be overstated as Veranda Park is fully self-contained, with no through traffic possible. A true gem of a place literally at the end of the road, yet within walking distance to the shopping, dining and entertainment that historic Madison, GA is so well known for. All Morgan County schools, an award winning library, a highly-acclaimed aquatic center, tennis and pickleball courts and a soon-to-opened world class recreation facility are all within a 3-minute drive from this Veranda Park oasis. Enter through a column-framed, brick floored front porch into approximately 5,000 square feet of what can only be described as "home" in every sense of the word. Two bedrooms with en suite baths on the main level are separated by the primary living space featuring a great room, separate dining room, kitchen and breakfast nook with hardwoods throughout. All rooms are showered with natural light through a plethora of oversized windows. The great room offers a stunning coffered ceiling and gas fireplace with a serene view across the upper expansive deck. The open floor plan on the main level connects to a well appointed kitchen with cozy breakfast nook and window-lined walls witness to stunning sunrises. This level is finished off with a quiet, comfortable study that is enclosed with glass French doors. Upstairs, two large bedrooms, each with double walk-in closets, are separated by a full bath offering two individual vanity rooms. A massive bonus room, adjacent to the two upstairs bedrooms, is fully finished and strategically furnished with built-in work stations along the perimeter. The lower level of this home is uniquely set up to be multi-use, affording a large living area plus a fifth bedroom and full bath. With separate entrance to the covered concrete patio and backyard, and lined with large windows, this expansive space could serve as an ideal in-law suite. Alternatively, the lower level is well laid out to be a game/media space including full bath and private office. This level also houses two storage rooms, climate controlled and finished with built-in shelves. This gorgeous home is nestled on a large corner lot in convenient proximity to the private community pool. Homeowners also have access to a two-acre, fully stocked pond/dock for fishing and non-motorized boating. 1355 Veranda Park Drive. What more could you ask for your next home?
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2007
MLS Number
10259827
Location
Address
1355 Veranda Park Drive
City
Madison
State
GA
Zip Code
30650
County
MORGAN
Listing
Provider
Keller Williams Realty Lake Oconee, original listing
Name
Keller Williams Realty Lake Oconee
Phone
(706) 485-0088
Office Name
Keller Williams Lake Oconee
Office Phone
(706) 485-0088
Agent Name
Rhonda Smith

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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.