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127 Mills
Ball Ground, GA 30107
Jack Lowry with Century 21 Results, original listing - (770) 889-6090
$2,150,000
Conventional
Property
Bedroom
6
Bathroom
Full: 5, ½: 2
Property Type
Conventional
Square ft
10146 Square Feet
Property Description
Fresh to the market, this one-of-a-kind luxury estate sits on the largest lot in the neighborhood, 2.1 acres, just a short walk to downtown Ball Ground's charming shops and restaurants. With approximately 10,000 SF of living space, this 6-bed, 5-full-bath, and 2-half-bath masterpiece is designed for both grand entertaining and everyday luxury. Soaring 14+ foot ceilings and an open-concept layout lead seamlessly to a stunning wraparound porch, overlooking the pool and serene pond. A landscaped path with stepping stones leads to a private deck by the water perfect for morning coffee or evening cocktails. The fully renovated kitchen is a showstopper, featuring quartz counters, top-of-the-line appliances, stylish light fixtures, and new kitchen sinks. Upstairs, find four spacious bedrooms and three baths, with two staircases for easy access. The oversized primary suite boasts a massive bathroom and closet, but the main-floor bedroom with ensuite bath offers a perfect second option for a primary suite. The home is complete with four fireplaces, a six-car garage, ample driveway parking, and a 2,000 SF storage area in the basement. Additionally, a fully framed and plumbed guest house is ready for finishing, an incredible opportunity to create a private retreat or income-producing space. This home is a rare gem, offering unparalleled space, luxury, and convenience in one of Ball Ground's most desirable locations.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1998
MLS Number
--
Location
Address
127 Mills
City
Ball Ground
State
GA
Zip Code
30107
County
CHEROKEE (NORTH)
Listing
Name
Phone
(770) 889-6090
Office Name
Office Phone
(770) 889-6090
Agent Name
Jack Lowry
Agency Phone
(770) 889-6090

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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.