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117 Chimney Ridge
Prattville, AL 36067
Robin Davies with Realty Connection, original listing - (334) 491-0049
$595,000
Conventional
Property
Bedroom
6
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
4000 Square Feet
Property Description
Amazing home with a stunning view - Sitting atop the hill overlooking Hearthstone, this home has so much to offer. The owners of this beautiful place enlarged the living area by converting attic space into a second floor living room, two additional bedrooms and a bathroom. This addition has spray foam insulation to help with utility costs. Out back, they enlarged and screened in the deck area, including a reinforced space that will support a hot tub and added a built in grilling station with sink and counter space. Coming into the foyer, to the right is a study/office area that also connects to the hallway leading to the bedrooms on this level. To the left from the foyer will bring you into the dining room and then into the breakfast area, with built in bookcases. Across the breakfast bar is the kitchen with gas cooktop, self cleaning double ovens and dishwasher all seated in custom cabinetry with granite counters and beautiful backsplash. Winding down the hallway, on your way to the three car garage, you will pass the stairs to the second level, a half bath and the large laundry room. In addition to the added space upstairs, there is also another bedroom with attached bath on the second floor, making a total of three bedrooms and two baths on that level. Back downstairs and through the kitchen, you come into the living room with gas log fireplace, very tall ceilings and double doors on each side taking you to the sunroom and on to the screened in area. Past this space and outside into the back yard is also an open patio with fireplace. On the right side of the living room, the hallway will take you to the bedrooms on the main floor as well as a full hall bath. At the end of the hall is the primary bedroom, which enjoys a gas log fireplace, on suite bath area with double vanities, jetted tub, separate shower and three closets that auto light when you open the door. The home enjoys plantation shutters throughout and the yard has been well maintained and treated.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2008
MLS Number
--
Location
Address
117 CHIMNEY Ridge
City
Prattville
State
AL
Zip Code
36067
County
AUTAUGA
Listing
Provider
Realty Connection, original listing
Name
Phone
(334) 491-0049
Office Name
Office Phone
(334) 491-0049
Agent Name
Robin Davies
Agency Phone
(334) 491-0049

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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.