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5168 Parkview Road
Social Circle, GA 30025
$2,850,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
5000
Property Description
Private Estate on +/- 82 acres with 3 ponds, horse barn, pasture, RV shed and pool. The home, built in 2001 is a lovely, 4-sided brick ranch home with almost 6,000. sq. feet. Approx. 2976 sq. feet of heated and cooled space on the main floor and similar sq. footage in the finished terrace level. The home is a 5 bedrooms 5.1 bath home with all bedrooms having their own private baths and the master bedroom being on the main level. This property has a beautiful - tree lined driveway that leads you to the home. There are 4 ponds on the property; three of these are spring fed and stocked with fish. The fourth pond is seasonal. There is a 5-stall horse barn with stalls on the exterior side of the barn with a concrete floor and metal sliding doors. The interior of the barn is more of a utility barn with one side used as a tack room with partial brick pavers and center dirt/gravel floor area used for hay. There is also a utility sink in one corner of the barn. There are large/sliding metal doors on either end of the barn. At one end of the barn is a single door that is higher than the other side which is a double door. There is gorgeous pasture, fencing and an RV shed with utilities run to both the barn and the RV shed. Specialty features included: all window seals and counter tops are stone. There is an office located just off the kitchen. There is a detached 2 car garage. There is a main level laundry room with hanging racks, cabinets, sink and built in ironing board. Kitchen has a beautiful view of the pool overlooking one of the ponds. There are 9 ft+ ceilings throughout and stone flooring. There is a wood burning fireplace in the family room with built-in cabinets and an entertainment center. There is a dining room that will accommodate 12+ with a beautiful picture window facing the front of the home. The pool is vinyl lined and is plumbed for a waterfall or slide. The porch wraps around the kitchen and the master bedroom with access from both. From the back exterior of the home, the home looks massive as you see the two-tiered decks and under porch area that walks out to the pool. In addition to all of this is a huge finished terrace level with a second kitchen, 2 more bedrooms with private baths. What a gorgeous view from the back of the home overlooking the private pool and pond. There is a whole house central vacuum system and so much more. This property is enrolled in a 10-year Conservation Use Program that was just renewed and would need to remain
Property Information
Lot Size
82 acre(s) square ft
Property Type
Residential
Year Built
2001
MLS Number
1014540
Location
Address
5168 Parkview Road
City
Social Circle
State
GA
Zip Code
30025
County
WALTON
Listing
Provider
Keller Williams Realty Lake Oconee, original listing
Name
Keller Williams Realty Lake Oconee
Phone
(706) 485-0088
Office Name
Keller Williams Realty Lake Oc
Office Phone
(706) 485-0088
Agent Name
Judy Roberts

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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.