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734 Fincher Road
Covington, GA 30016
$1,800,000
Conventional
Property
Bedroom
3
Bathroom
5
Property Type
Conventional
Square ft
5878
Property Description
As you drive down the wooded drive, past fenced pasture to this beautiful home, you'll realize the peace and privacy that you can enjoy if you make this property your home. Situated near the center of the 80 acres, this 2 story home with a full basement and 3 car detached garage with living space above garage space is a dream come true. When you enter the home from the large front porch, you enter the 2 story living area with a floor to ceiling stone fireplace, built in bookcases, and curved staircase to the second floor. To the left is the spacious dining room and around the corner is the beautiful kitchen with the huge island, breakfast bar, double ovens, raised dishwasher, built in microwave and plentiful cabinets. The owner's suite is bright with natural light and vaulted ceiling as well as a bathroom with large tub and separate shower. Up the curved staircase you'll find the two secondary bedrooms and a shared full bath. The basement has a woodburning stove, a full bath, a safe, panic room, and open area currently set up with pool table, large screen TV and bar/refreshment area. Between the house and 3 car garage is a lovely patio area and above the garage is a large guest/gameroom area with half bath and it's own HVAC system. The surround sound system covers the main level of the house as well as the patio, porch and garage. The home has both county water and a well, and a whole house generator. There are 4 fenced pastures on the property with water run to each pasture, and a large pole barn for storing tractors, four wheelers, hay, etc. There are numerous trails through the property, it's bordered by the Yellow River, with plentiful wildlife and a hidden one room cabin in the woods! This property has been so well cared for and has so much to offer, you won't want to miss it. And there is an additional 123 acres adjoining this property that is also available and listed on Fincher Lane. A second home on 5 acres that adjoins this property will also be available soon. Property is in Conservation Use and buyer will need to continue Conservation Use until end of term or will need to pay all fees and penalties if removed from the program prior to end of term.
Property Information
Lot Size
79 acre(s) square ft
Property Type
Residential
Year Built
1999
MLS Number
10269487
Location
Address
734 Fincher Road
City
Covington
State
GA
Zip Code
30016
County
NEWTON (COUNTY)
Listing
Provider
American Realty Professionals of Georgia, original listing
Name
American Realty Professionals of Georgia
Phone
(855) 399-8721
Office Name
The American Realty
Office Phone
(855) 399-8721
Agent Name
Karen Walton

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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.