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124 Lake Point Lane
Thomasville, GA 31757
$525,000
Conventional
Property
Bedroom
2
Bathroom
4
Property Type
Conventional
Square ft
1912
Property Description
Like brand new lake retreat with 332 ft. of lake frontage and panoramic views! This home is completely new, except the slab foundation and a few doors! Income producing opportunity as an airbnb on the lake. It's nestled on a quiet cul-de-sac just 7 miles away from downtown Thomasville, Georgia. From top to bottom, everything is brand new, ensuring a fresh and modern living experience for its lucky occupants. As you approach the front of the house, you'll be captivated by the breathtaking views of the expansive lake. Imagine sitting on the beautiful patio just outside of the master bedroom, sipping your morning coffee or enjoying a peaceful evening as you soak in the picturesque scenery. The walkway leading to the two-car carport is conveniently located, providing easy access to your vehicles and ensuring protection from the elements. And speaking of convenience, the 212 ft. cooled workshop adjacent to the carport area offers ample space for all your DIY projects or hobbies or a home office. Inside, the open floor plan of this home creates a welcoming and spacious atmosphere. The layout seamlessly connects the living, dining, and kitchen areas, making it perfect for entertaining friends and family. The abundance of natural light flowing through the large windows further enhances the inviting ambiance. With 2 bedrooms, a loft that could be a 3rd bedroom and 3 & 1/2 baths, there's plenty of room for everyone to have their own private space. The bedrooms are thoughtfully designed to provide comfort and tranquility, while the bathrooms boast modern fixtures and finishes. Whether you're looking to relax in the serene surroundings of the lake, embark on creative endeavors in the workshop, or enjoy the convenience of being close to the vibrant downtown Thomasville area, this home offers the best of all worlds. It's a true haven where you can create lasting memories and enjoy a peaceful and fulfilling lifestyle.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1982
MLS Number
922866
Location
Address
124 Lake Point Lane
City
Thomasville
State
GA
Zip Code
31757
County
THOMAS
Listing
Provider
Bennett Real Estate Company, LLC, original listing
Name
Bennett Real Estate Company, LLC
Phone
(229) 233-5043
Office Name
Bennett Real Estate Co
Office Phone
(229) 233-5043
Agent Name
Mary Hoy

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HUD Foreclosures

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.