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355 Hobbs Road
Athens, GA 30607
$1,100,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
Welcome to your new farm estate and escape from the hustle and bustle of the city, located just moments from The Classic City, including The University of Georgia, Sanford Stadium, dining, and shopping. This property is just over ten acres and features multiple dwellings that allow the owner options to enjoy lucrative rental income or primary living on the property while entertaining and housing guests. Upon entering this Certified Naturally Grown (CNG) organic farm estate via electric gate and 4-board fencing, a gorgeous, newly custom-built barn for entertaining or boarding is located on the right. This structure is perfect for hosting a large dinner party with its spacious dining room, 20ft ceilings, and dual WORKING barn doors overlooking slate and low country paver patios and a working field perfect for growing crops or equestrian riding. The barn includes a full bathroom, tack/ storage rooms, dedicated septic system, and HVAC for chilly winters and hot summers. The driveway is lined with Serviceberry trees and other native pollinators with a fruit orchard to the back of the one acre field. All landscaping was chosen with regional climate and native species in mind. The property includes a deep-water well and irrigation systems. There are several sections of livestock fencing surrounding the gardens. At the end of the gravel drive is the main house that consists of three bedrooms and two full bathrooms totaling approximately 2,000 square feet. From the rocking chair front porch, 9ft ceilings, chef's kitchen with custom cabinetry, Quartz counters, and spacious bedrooms & bathrooms, there is nothing left to be desired! Spacious Owner's Suite boasts custom closets and bath with double vanity and room for a soaking tub. Enjoy a bonus room off the screened porch perfect as additional sleeping quarters or a media room. At the rear of the home is a private screened porch for enjoying those buggier months along with multiple 4-board fences in the backyards. Escape the summer heat by taking a swim in the expansive, 10-foot deep in-ground Pebbletec saltwater gunite pool or relax on the paved pool deck. A custom-built pool house is set up as a furnished studio with a full bathroom and kitchenette. Raised cedar beds behind the pool house are perfect for an additional food or flower garden. Should the next owner wish to build a larger home, a Southern Living floor plan is available for purchase with prior approval to construct an approximately 4,000 sqft dwelling at the highest elevation of the lot overlooking the one acre field. Additionally, the pool house AND barn can be conveyed fully furnished, and a Generac whole house generator is also available. Inquire with your Realtor for pricing. This property is truly special and well cared for! The location is just outside town, but not too far. Schedule your private tour today don't miss your chance for farm living inside the Classic City!1. Main House w/ 3BR, 2BA, 2. Pool & Pool House, 3. Custom Barn, 4. 4-Board Livestock Fencing
Property Information
Lot Size
10 acre(s) square ft
Property Type
Lots And Land
Year Built
--
MLS Number
1016962
Location
Address
355 Hobbs Road
City
Athens
State
GA
Zip Code
30607
County
CLARKE
Listing
Provider
Chastain, Jenkins & Leathers, LLC, original listing
Name
Chastain, Jenkins & Leathers, LLC
Phone
(706) 559-4520
Office Name
Corcoran Classic Living
Office Phone
(706) 559-4520
Agent Name
Jarrett Martin

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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.