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71 Timpson Cove
Clayton, GA 30525
$1,199,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2160
Property Description
Back on the market! Through no fault of Seller. Buyer was unable to close. He is sad but you don't have to be. Call now! This is IT!!! A 'Vacation Cottage' zoned property at Lake Burton that can be offered for SHORT-TERM RENTAL to help pay for your investment!!!! This property has an excellent rental history available to qualified Buyers. Sitting as close to Timpson Creek as a house can be, the babbling of the water is the most soothing sound imaginable! Timpson Creek is wide and bold as it rushes along almost 200 feet of creek frontage. A dock that is accessible by fishing boats and kyacks sits right on the creek and is an approved GA power structure. Within walking distance is Anchorage Marina where pontoon or ski boats can be rented, purchased, and stored. ( Kids can also get ice cream, popsicles and other snacks there without having to ask Mom or Dad to take them somewhere. This asset is WAY underrated!) Being a child and spending time at this comfy lake house is a dream come true. Play in the creek, paddle in a kyack, swim in the lake, go fishing....children of all ages can allow their imaginations to run wild as nature provides endless hours of entertainment ( that are not connected to the Internet. LOL). But wait! If using the Internet is important, TruVista offers high-speed, dependable Internet access for streaming movies or playing games on a rainy day. If the adults just HAVE to do some 'work from home' - that can happen, too. This lake house isn't the most upscale or updated. It isn't on deep water. But what it doesn't have pales in comparison to what it does have: 1. Location off a paved road near Anchorage and a paved driveway 2. Location on the 'Clayton' side of the lake - about ten minutes into town for groceries 3. Woodburning fireplace to curl up in front of during cool weather 4. Location alongside a BOLD, rushing creek. 5. Primary bedroom on the main level with ensuite bathroom. 6. Guest half bath accessed without going through a bedroom 7. Huge, open floor plan so the cook isn't excluded from the family activities 8. Screened porch on the creekside for sitting and visiting - maybe snoozing in a hammock 9. Covered parking for two vehicles with uncovered for additional vehicles. 10. A large playroom situated over the parking area so no matter what the kids are doing, the sounds won't disturb others. 11. Two bedrooms upstairs share a large bathroom that has been updated. 12. Really nice neighbors 13. And did we mention...PRICE? This is the only Lake Burton home on the market for a price under $1,695,000!!!!!! ALMOST $500,000 less than a comparable house. 14. This is a FEE SIMPLE lot with a Ga Power agreement for the permanent dock on Timpson Creek. 15. Vacation Cottage Zoning allows the property to be used for Short Term Rental. 16. The opportunity to expose your family and friends to the joys of lake living in the least stressful way possible. This is a 'family' house - ready for the most active kids and adults looking for a relief from the stress of city life. Call today and come see it!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2001
MLS Number
10279165
Location
Address
71 Timpson Cove
City
Clayton
State
GA
Zip Code
30525
County
RABUN
Listing
Provider
Berkshire Hathaway HomeServices Georgia Properties, original listing
Name
Berkshire Hathaway HomeServices Georgia Properties
Phone
(706) 654-2086
Office Name
85 North
Office Phone
(706) 654-2086
Agent Name
Lynda Hester

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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.