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495 Old Princeton Road
Athens, GA 30606
$1,025,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
3836
Property Description
This newly built Five Points home provides luxury, convenience and comfort! With it's prime location, beautiful architecture, and luxurious finishes, this 4 bedroom, 4 1/2 bath home is a dream come true! One of the biggest selling points of 495 Old Princeton is the location which has sidewalks leading to numerous eateries, shopping and the University of Georgia. In addition, you are steps away from Memorial Park which has a large playground, pond, walking trails and a small Zoo. A rocking chair front porch welcomes you to the front entrance of this home which opens into a large two story foyer. The exposed stairwell has a custom iron railing which sets the tone for this impressively built home. The main living space, which encompasses the dining room, great room and kitchen is highlighted by an abundance of natural light. The open floor plan provides a welcoming space for friends and family, and with graciously sized rooms, it provides plenty of space for larger gatherings. A powder room is conveniently located near the foyer for visiting guests. The kitchen features a large Island with marble countertops, large walk in pantry and high end appliances, all of which are accented by beautiful finishes. The owner's suite is located on the main level and has a beautiful bathroom with a double vanity, large tile shower with frameless glass door and soaking tub. A separate lavatory provides privacy from the rest of the bathroom. The walk in closet is well designed with built in shelving and hanging stations. Gleaming hardwood floors span the main level of this immaculately maintained home. The upper level is home to three bedrooms and two full baths. One bedroom has an en suite bath, and the other two share a large private bath with separate vanities with marble countertops. A great flex space at the top of the stairs provides a wonderful area for a secondary tv room, play area or office. The Laundry room is located on the second floor as well and has a wall of custom cabinetry and a utility sink. The finished basement features a spacious mud room with built in lockers, storage bench and herringbone ceramic tile floors, large rec room and a beautiful full bath with walk in tile shower. The rec room could easily be divided into two rooms with one being a bedroom and the other as a game room. The current owners have a home gym on one side and a sitting room on the opposing side. The possibilities are endless! Outside, you'll find a well groomed, fenced in yard which is easily accessed from the covered porch which allows for outdoor entertaining. A deep, two car garage provides the extra space that you need for oversized vehicles and has two large storage closets for all of your belongings. Attention to detail and fine craftsmanship set this home apart from the competition!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2017
MLS Number
1015072
Location
Address
495 Old Princeton Road
City
Athens
State
GA
Zip Code
30606
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
Mary Catherine Smith

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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.