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1189 Phimarga Lane
Athens, GA 30606
$1,499,900
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3011
Property Description
(MORE PHOTOS COMING SOON) Crystal Hills is perhaps the original fine neighborhood in Oconee County. Minutes from 5-Points in Athens, Crystal Hills was developed for families who want the open wooded feel for their high style homes. Woods, hills, lakes and stream provide a visual topographical setting like no other and in the Oconee County School District, one of the best in the state. This home, know as "Cattle Gap" because of the actually historic aged cattle prevention grid across the driveway, is set on a small opening in the wooded lot. The grass lawn flows softly into the forest surrounding the house. Enjoy the walking trails or just observe nature from your front and side wrap around porches or walk out onto the rear porch from the family room or the primary bedroom. All covered and dry. The main floor has an open kitchen to the family room where family & friends can enjoy time together. There is a den set off in a more private spot off of the foyer across from the dining room. The foyer is backdropped by a captivating quarter-turned staircase leading up to three bedrooms and two full bathroom. The shapely roofline allowed the architect to design high angular bedroom ceilings as well as two walk-in attics upstairs. Back downstairs, the kitchen is large enough for several "chefs" to stir at once surrounded by the Black River textured granite counter tops. The seller selected a VIKING fast heating and cooling glass-top range for easy cleaning during the more complicated recipes. This matters when cleanliness matters. Rest your elbows on the wooden bar milled from a Lake Burton oak tree and have a snack, or sit at the kitchen table and look out at the grass and trees. Between the kitchen and the dining room is the butlers pantry / bar completed with sink and a real copper counter top. The flooring downstairs is white oak in the living areas and primary suite and bath, tile in the guest bath and slate in the laundry room. The third garage was walled and converted into a prep area with sink, shelving and stainless steel counters tops for amazing extra space. Twelve (12) foot wall to wall ceiling in the family room and ten (10) foot ceilings balancing out the remaining rooms downstairs providing that feeling of complete openness. Natural stone and wood-like planks blend the house into the natural surroundings. The seller's built this house with usable space in mind. No wasted space running up utilities... Built in 2018 with amazing space with no waste in mind.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
2017
MLS Number
1015044
Location
Address
1189 Phimarga Lane
City
Athens
State
GA
Zip Code
30606
County
CLARKE
Listing
Provider
Five Market Realty. LLC, original listing
Name
Five Market Realty. LLC
Phone
(706) 340-0424
Office Name
5Market Realty
Office Phone
(706) 850-4636
Agent Name
Alexander Sams

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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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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.