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404 Folsom Glade Road
Rydal, GA 30171
$1,500,000
Conventional
Property
Bedroom
5
Bathroom
8
Property Type
Conventional
Square ft
7462
Property Description
Be prepared for an exceptional custom Estate that boasts 5 acres of privacy and where all the details were designed by its owner/builder. This architectural masterpiece boasts unparalleled luxury, thoughtful design, and top-of-the-line upgrades throughout. From the moment you enter the gated driveway, you'll be captivated by the grandeur and elegance this home exudes. Your guests will be captivated with the dramatic 2 story foyer with gorgeous 18” x 18” travertine tile floors and an impressive winding staircase. Your senses will be captivated by the abundance of natural light that cascades through the enormous expance of windows. The foyer is adorned with arches sustained by square columns with moulded capitals. The formal dining room flanks the foyer with circular trey ceiling, exceptional moldings and long windows crowned with arched light openings. The kitchen is the heart of this home. Fully equipped with stainless steel high end appliances, italian golden granite countertops, a butlers pantry and a sizeable walk-in pantry. The kitchen opens to a breathtaking light filled breakfast room with wall to wall windows and direct access to the backyard. A circular sunroom is thoughtfully placed at the center of the bottom layout, bringing all the brightness needed to enjoy the scenery of the backyard. On the main level, the master bedroom’s focal point is the amazing trey ceiling with all its layers, nothing short of a work of art. The two large, separate walk-in closets have built-in cherry wood cabinets. Close the door and enjoy the spa-like ambience of the master bathroom featuring a deep jacuzzi tub, double shower heads and separate vanities with granite countertops. Take the rear staircase to the upper level where the sleeping quarters consist of four bedrooms with large closets and custom-designed wall shelvings and full bathrooms all with high-end granite countertops and separate showers. Also upstairs, is a cozy second living room provides a nice private gathering place for guests and family. An additional sunroom filled with natural light is the ideal spot for cozy book reading. A multi-purpose upstairs den with its own powder room is also located in this level. Perfect for entertainment and celebrations is the huge theater room with theater-like sitting, a private deck, a wet bar and a game area. The embedded sound system with ceiling speakers inside and outside adds to the high quality of living this residence offers. The outdoors are also designed for entertaining. The fully-equipped outdoor kitchen with stainless steel grill and appliances is placed at the center of the pavilion where family and guests can enjoy cookouts, birthday celebrations and parties and play in the basketball court or simply relax by the fire pit. This remarkable estate is set firmly on a monolithic or turn-down slab with a life-time guarantee and double-layered Timbertex shingles. For parking, store your collection of vehicles in the attached 3-car garage or detached 2-car garage and a parking pad with capacity for ten vehicles. Tucked away and private, this property is surprisingly only 14 minutes from interstate I-75, an hour north of Atlanta and an hour south of Chattanooga. For golfers, the property is only 19 minutes away from the nationally prestigious Barnsley Gardens Resort which displays the beauty of nature in its 3,000 gorgeous acres and known for its high adventure shooting grounds, horseback riding, manicured golf-course, fly fishing, clay shooting and multiple dining options in a relaxing atmosphere.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
2007
MLS Number
7260954
Location
Address
404 Folsom Glade Road
City
Rydal
State
GA
Zip Code
30171
County
BARTOW
Listing
Provider
Keller Williams Realty Signature Partners, original listing
Name
Keller Williams Realty Signature Partners
Phone
(678) 631-1700
Office Name
Keller Williams Realty Northwest, LLC.
Office Phone
(770) 607-7400
Agent Name
Bonnie B Mullinax

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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.