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585 W Cloverhurst Avenue
Athens, GA 30606
$4,100,000
Conventional
Property
Bedroom
4
Bathroom
6
Property Type
Conventional
Square ft
9446
Property Description
Welcome to 585 West Cloverhurst Avenue. This magnificent custom-built home sits on a premier street in the highly sought-after Five Points neighborhood located in Athens, Georgia. Every fine detail of this home thoughtfully executed and meticulously maintained. The welcoming front portico with beautiful ironwork and limestone leads to a grand foyer with hidden closets, hinting to all the special details and large scale proportions of this home including incredible wood work and fine finishes. Gorgeous wide plank oak floors throughout much of the home. Comfortable study with warm reclaimed heart pine from a Georgetown, South Carolinian pre-Civil War factory. This cozy room features other details like built-ins, coffered ceiling and French doors leading to sitting porch with brick, bluestone and ironwork details. Stylish powder room with uniquely designed sink cabinet and artful, handmade one-of-a-kind light fixture above. Handy wet bar with fridge and ice maker. Lovely formal dinning room with beautiful wood and glass cabinetry opposite side of foyer which leads to large Butlers pantry / scullery and full walk-in hidden pantry, all with custom cabinetry and plenty of shelving / storage. Stunning light and bright entertainers kitchen with marble counter tops, a multitude of handmade cabinets, professionally rated high-end appliances including Subzero side-by-side refrigerator / freezer and gas Wolf range with griddle, huge exhaust hood as well as warming drawer. Additionally, this open space has hand carved wood accents, Rocky Mountain hardware, shiplap walls, gorgeous and generous accent island with hand-carved walnut top and bar seating. This space accommodates a large table for gathering and leads to a sunny sitting room for chatting or watching TV. Big laundry room with sink, office area and limestone flooring. Spacious 2 car garage attached and side door exit. A grilling porch with built-in Wolf grill adjacent. Stunning great room with large scale French doors leading to back patio with bluestone flooring and custom designed ironwork overlooking fenced backyard. Lovely wood burning fireplace with gas starter, nearly 12 foot coffered ceiling and carved wood accents as well as impressive archways and crystal chandeliers add layers of interest to this room. Owners suit on main floor offering a private and spacious retreat with spa-like bathroom including double vanities, soaking tub, walk-in shower and separate water closet with bidet. Generous divided closet spaces for two. Other features of main floor include elevator serving all three floors of this home, security system, built-in speaker system with surround sound, solid brass hardware and pulls, solid wood doors and cabinets as well as other unique designer touches. Upstairs two spacious sunny bedrooms with ensuite bathrooms and large custom walk-in closets. Plenty of extra storage spaces on this floor as well. Large flex room with built-in cabinets and desks that could be converted into a third bedroom or used for media or playroom. Sunny terrance level has spacious office, exercise room, powder room and another great room with 10 foot ceilings and hardwood floors. Stone fireplace with gas logs, built-ins and surround sound speakers. French doors lead to outdoor covered seating area. Full designer kitchen with rainforest marble countertops, more customer cabinetry with plenty of storage, as well as a full range of appliances. Dinning space as well as game room or more separate formal dining area. Second two-car garage with storage room off this lower level. Full additional light and bright bedroom with marble wet bar and full bathroom including zero step walk-in shower and water closet. Large closet. Additionally, there are several secure rooms for a multitude of uses. Outdoors includes professional landscaping, irrigation with well and accent lighting. Home features custom lightening, Flemish brickwork, cypress woodwork, copper gutters and slate roof.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2012
MLS Number
10265213
Location
Address
585 W Cloverhurst Avenue
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

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.