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3085 Lake Park Drive
Jonesboro, GA 30236
$3,588,000
Conventional
Property
Bedroom
4
Bathroom
Full: 4, ½: 2
Property Type
Conventional
Square ft
5000 Square Feet
Property Description
Experience the pinnacle of lakeside living in this exquisite modern transitional home, perfectly situated on the stunning 600-acre private Lake Spivey. This luxurious waterfront estate combines contemporary design with sophisticated comfort, all within a beautifully gated setting. This 2021 breathtaking home is designed by Jones Design Associates and Gower Custom Homes. As you arrive, you'll be welcomed by impeccable landscaping and enchanting evening mood lighting that enhances the property as the sun sets. The secure gated entrance ensures both privacy and an exclusive atmosphere. A meticulously designed 3-car garage with sleek epoxy flooring reflects the attention to detail throughout the home. The highlight of the estate is the stunning infinity pool and expansive 1250 +sq ft lanai, which seamlessly blends into the lake, offering uninterrupted panoramic views. Equipped with custom motorized retractable screens, the lanai provides a versatile outdoor space perfect for any season, accommodating over 30 guests for entertaining. Enjoy cozy evenings around the outdoor fire or host gatherings with the summer kitchen. Beautifully landscaped grounds and evening lighting lead you to the private covered boat dock, granting direct access to the pristine lake for boating, fishing, and other water activities-transforming every day into a vacation. Inside, the home impresses with an open-concept layout featuring 20 ft high ceilings and floor-to-ceiling windows framing breathtaking lake views, creating a seamless connection between indoor and outdoor living spaces. In addition, the home features a perfect study or home office. The expansive gourmet kitchen is a culinary delight, boasting custom cabinetry, a built-in French Thermador refrigerator, a large island with ample bar seating, and a separate bar area with a wine cooler-perfect for everyday living and elegant entertaining. The luxurious primary suite is a true sanctuary, featuring panoramic lake views, 2 spacious walk-in closet, and a spa-like bathroom complete with heated floors and each bath include Toto toilets. The estate also includes three additional bedrooms, each with its own en suite bath, providing ample space and privacy for family and guests. For added convenience, the well-appointed laundry area includes a special dog wash, catering to your beloved pets, while a designated dog walk area ensures they have ample space to play and explore. This Smart House comes with Control Four and controls all lighting, drapery, audio/video, fireplace, and outdoor screens from your phone and includes night vision capabilities. Built to last, the home features tinted windows, spray foam insulation, an irrigation system drawing from the lake, wide-planked white oak hardwoods, custom white oak cabinets, and an automated outdoor lighting system. Additionally, a whole-home generator ensures uninterrupted power, providing peace of mind during any weather conditions. Located just 25 miles from downtown Atlanta, this home on Lake Spivey truly embodies lakeside luxury living-where every day feels like a getaway.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2021
MLS Number
--
Location
Address
3085 Lake Park Drive
City
Jonesboro
State
GA
Zip Code
30236
County
CLAYTON (EAST)
Listing
Name
Phone
(404) 313-0949
Office Name
Office Phone
(404) 480-4663
Agent Name
Sarah Pearson
Agency Phone
(404) 480-4663

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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.