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224 Fortson Drive
Athens, GA 30606
$1,650,000
Conventional
Property
Bedroom
6
Bathroom
10
Property Type
Conventional
Square ft
8354
Property Description
Welcome to 224 Fortson Drive located within the highly desirable Five Points neighborhood in beautiful Athens, Georgia. This stately and unique property offers 6 full bedrooms all with en suite bathrooms and enough space to accommodate any situation or need. Every inch of this lovely home has been thoughtfully renovated and meticulously maintained. Fenced and lush front yard is gated for off-street privacy and security. Inviting and generous covered from porch leads to large entry hall dividing the main floor living spaces. Study, auxiliary bar kitchen, powder room, spacious living room and formal dining room all featuring detailed, mindful millwork, beautiful and gleaming oak hardwood floors, as well as light and bright windows. Entertaining and chefs kitchen has a myriad of custom cabinetry and solid stone counter tops, island, plenty of storage as well as an adjacent scullery for overflow and clean-up. Secondary half-bath near by. Owners suite is conveniently located on the main floor, back of house for privacy. This spacious, two-story room features a fireplace, large windows as well as detailed natural woodwork with a soaring ceiling height. Upstairs office or quiet get-away space. Spa-like bathroom has granite double vanity, separate water closet and custom tiled steam shower and soaking + jetted tub. Corner windows give this room lots of light and positive energy. Adjacent generous cedar closets with plenty of proper and thoughtful storage options. Hallway leads to walk-in housekeepers cleaning closet and one of two big laundry rooms on-site. Upstairs has built-ins, bonus area for office or TV / reading nook and two spacious, bright bedrooms with full bathrooms and large closets. Downstairs leads to a neat mechanical room, two-car garage, comfortable family room with more custom millwork, fireplace and additional full bathroom as well as a private light-filled office with exterior access. Three additional sunny bedrooms all with en suite bathrooms also on this level. Huge eat-in kitchen and second laundry room to service this floor. Additionally, several French doors leading out to the custom stone patio and entertaining spaces featuring covered outdoor kitchen, alfresco dining and wood-burning double fireplace. Down another set of stairs connects to the terrace level gym / yoga room with full bathroom and steam shower. Exterior access leads to fantastic backyard spaces with heated, saltwater pool, jacuzzi, covered entertaining space, conversation seating area and putting green. High fence creates privacy and sense of seclusion and calm. Beautifully manicured pathways run along each side of home. This property is conveniently located just minutes from the bustling Five Points business district, Beechwood Shopping Center, local medical centers, downtown Athens and The University of Georgia campus.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1971
MLS Number
10241588
Location
Address
224 Fortson Drive
City
Athens
State
GA
Zip Code
30606
County
CLARKE
Listing
Provider
Coldwell Banker Upchurch Realty, original listing
Name
Coldwell Banker Upchurch Realty
Phone
(706) 543-4000
Office Name
Coldwell Banker Upchurch Rlty.
Office Phone
(706) 543-4000
Agent Name
Ross Vaughn

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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.