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295 Jep Wheeler Road
Woodstock, GA 30188
$1,550,000
Conventional
Property
Bedroom
4
Bathroom
6
Property Type
Conventional
Square ft
6878
Property Description
Beyond better than new, this perfectly situated private retreat is located in the very heart of equestrian country. Enjoy your morning coffee, while watching the eastern sun rise from your very own front porch. Cross the threshold through double iron and glass doors to a lovely foyer complete with oak hardwood flooring, coffered 10-foot ceilings, a fireplace with ventless gas logs and high-end finishes throughout. The chef's kitchen, which opens to the great room, is perfect for time well spent gatherings, with its custom cabinetry, built in industrial size refrigerator, trash compactor, Kitchen Aid appliances, Viking stove with 6 burners, enormous island, granite counters, exotic marble backsplash, soft close drawers and a huge walk-in pantry with a glass rain door. The luxurious owner's suite has a spa-like tub with an In-line heater, marble flooring, a barn door, his and her closets. There is also a separate dining room and two offices with a large supply closet. A stepless entry is provided from the 3-bay garage to the house. This open floorplan was specifically designed for one that desires all living on the main level. An elevator with a built-in landline phone provides easy access to both the upper level and terrace. Upstairs you'll find 3 additional bedrooms, each with it's own ensuite. The terrace boasts a huge man cave/theatre room with wet bar, a spacious workshop, a drive under garage and plenty of extra storage space. It is also pre-wired behind the walls and ceiling with Klipsch Speakers, broadband, DHS and WIFI for TV. With some minor adjustments, this space could easily become a 5th bedroom or apartment. This craftsman quality home nestles quietly on four acres with beautiful landscaping, masonry stonework, shingle and shake siding, a 4-car garage, a spacious veranda with WIFI TV, hook-up for gas grill, 2 remote control shade screens, a saline pebble tec pool with outdoor evening lighting in two zones, front and back, plus an 11-zone irrigation sprinkler system. A tractor barn with gravel floor completes the exterior. Peaceful and serene, the outdoor living space provides the perfect environment for entertaining or simply unwinding from the day. This home is truly like waking up in your very own private resort every single day. Located right outside Milton. Convenient to The Avalon, downtown Alpharetta, Roswell and Woodstock where you will find plenty of shopping, dining and entertaining.
Property Information
Lot Size
4 acre(s) square ft
Property Type
Residential
Year Built
2016
MLS Number
7347092
Location
Address
295 Jep Wheeler Road
City
Woodstock
State
GA
Zip Code
30188
County
CHEROKEE (SOUTH)
Listing
Provider
Atlanta Fine Homes Sotheby's International Realty, original listing
Name
Atlanta Fine Homes Sotheby's International Realty
Phone
(404) 835-9601
Office Name
Atlanta Fine Homes Sotheby's International
Office Phone
(770) 604-1000
Agent Name
Andralyn Taylor

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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.