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3576 Main Street
Folkston, GA 31537
$499,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
4201
Property Description
An entrepreneur's dream. The stately Inn at Folkston provides the right combination of regal sophistication with southern charm. The Inn could easily be coined the "The Place where the World comes to enjoy the South" The Inn has been the highly recommended place of respite for guest from countries all over the world. The Inn at Folkston is a staple in the quaint town of Folkston. Folkston itself, has a notable reputation, as the "Gateway to the Okefenokee Wildlife Refuge". The Okefenokee Swamp and the Funnel Train system are two notable landmarks that draw hundreds of tourists to Folkston each year. The elegant 4-room inn sits in the heart of Folkston, on Main Street. Restaurants, shops, and many local activities are easily within walking distance of the Inn. In a short hour or two drive guests can spend the day in larger cities such as Jacksonville, Daytona and Orlando, FL and Savannah, GA. In less than an hour you can relax on Georgia and Florida beaches. This exceptionally rated B&B is a top-tier hospitality business. Arriving guests and friends are made at home from the moment they step on the southern farmer's porch that sweet tea and rocking chair dreams are made of. The Inn's main floor features a living and dining room, powder room, the inn kitchen, manager's office, den, housekeeping quarters, and 4 guest rooms. Each guest room is fondly decorated and with luxury queen or king beds and en-suite bathrooms, TV's, WIFI, and plush complimentary robes. Other guest rooms features include: spa tubs, private screened in porches and/or fireplaces, coffee makers, and spacious closets. The innkeepers have transformed the upper level rooms into their private living quarters but, can certainly become additional guest rooms and bath. This property sits on +/- 1 acres with lush landscaping, a tranquil garden, and relaxing outdoor living spaces. The flexibility of this property makes it a sought-after gem. In some arenas Folkson has also been nicknamed "The Vegas of the South" making The Inn at Folkston prime real estate to tap into the expanding business of event planning and venues. The owners of the Inn have hosted on average 7 events in one year to include weddings, mystery parties and marriage retreats. The property is a successful fully furnished turnkey operation with consistent repeat guests and is ready to go. The new owners can continue to operate as is, easily repurposed as a VRBO/Airbnb with 6-room potential or crave out a beautiful life in your new dream home. If you are looking for a solid B&B business in a unique southern city, Inn at Folkston is exactly what you are looking for. Call today to schedule a private tour!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1922
MLS Number
10187061
Location
Address
3576 Main Street
City
Folkston
State
GA
Zip Code
31537
County
CHARLTON
Listing
Provider
Watson Realty Corporation, original listing
Name
Watson Realty Corporation
Phone
(912) 882-5658
Office Name
Watson Realty Corp.
Office Phone
(912) 882-5658
Agent Name
Wachin Kennedy

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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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USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.