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168 Summit Drive
Big Canoe, GA 30143
$725,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
3353
Property Description
Looking for a house with fabulous natural light with million dollar views at an unbeatable price? This house is for you! With some cosmetic tweaks, this home can be tailored to your taste. MOTIVATED SELLER offers this exclusive custom-built residence is nestled in the heart of Big Canoe within the highly sought-after Audubon community, offering convenient access to the North Gate and all the community’s amenities. This one owner property has served as a cherished weekend retreat for an Atlanta homeowner, enjoying gentle use throughout its existence. This distinctive home has been meticulously designed to accentuate breathtaking vistas of the majestic mountains and serene Lake Petit from every room, thanks to its captivating octagonal layout and expansive windows. The home has a stereo system throughout the house for the music lover. As you step into the grand foyer, you'll immediately appreciate the exquisite craftsmanship and meticulous attention to detail that graces every corner of this home. Boasting two luxurious Primary Suites, each equipped with spacious double walk-in closets and lavishly appointed bathrooms , this residence epitomizes comfort and convenience . The main level of this home boasts a comprehensive laundry room complete with a built-in ironing board and an additional full bathroom, perfect for accommodating extra guests. The versatile flex room, showcasing stunning panoramic views, can serve a multitude of purposes, from a cozy viewing room, tranquil reading space, elegant dining area, functional office, inspiring music studio, to a creative art studio—let your imagination run wild while enjoying the breathtaking scenery. The inviting family room provides a warm and welcoming atmosphere centered around a striking stacked stone fireplace, offering the ideal spot to gather and appreciate the natural beauty outside. The well-appointed kitchen ensures that everything you need is within easy reach. You can savor your meals in the charming breakfast nook or take your dining experience to the deck, where you can relish your food beneath the starlit sky. Ascending to the upper level, you'll encounter the generously proportioned Primary Suite, complete with a cozy gas log fireplace and an expansive balcony. Imagine yourself, glass of wine in hand, gazing up at the starlit sky while taking in the captivating vistas of the lake, Sanderlin, Wet and Oglethorpe Mountains. Stepping into the spacious bathrooms you'll pass by two generously sized walk-in closets, offering ample storage space for your wardrobe and personal belongings. The Terrace level offers a generously sized media room that comes equipped with a sink, refrigerator, cabinets, and a wine rack. Adjacent to the media room, you'll discover a spacious screened porch, perfect for relaxing afternoon naps, card games, or immersing yourself in a good book. Connected to the media room, there is a third ensuite room, spacious enough to accommodate multiple beds or function as a bunk room for the grandchildren. This room also includes a full bathroom to provide added convenience for your guests. Exiting the house through the two-car garage, you'll notice a side area within the garage that can be used for storage or as a small workshop. Notably, the retaining wall adjacent to the driveway has been recently replaced in the fall of 2023, ensuring its durability and stability. Also notice the attention to safety with safe decks exiting the home and lightening rod system. This exquisite home eagerly awaits a new owner, bidding a fond farewell to its previous owner and creator, who is embarking on a well-deserved retirement closer to family. Now, it's your opportunity to become the proud owner of this residence. I'm happy to show the property to you if your agent is unavailable to show, with no penalty to the agent. Buyer to verify all information and dimensions deemed important.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1994
MLS Number
7294057
Location
Address
168 Summit Drive
City
Big Canoe
State
GA
Zip Code
30143
County
PICKENS
Listing
Provider
Harry Norman Realtors, original listing
Name
Harry Norman Realtors
Phone
(770) 335-7675
Office Name
Harry Norman Realtors
Office Phone
(770) 893-2400
Agent Name
Meg Rooney

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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.