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5348 Hill Road Nw
Acworth, GA 30101
$1,525,000
Conventional
Property
Bedroom
7
Bathroom
6
Property Type
Conventional
Square ft
7331
Property Description
Renovated, updated, private, and MOVE IN READY: 7 bedrooms, 5 ½ baths, 2 kitchens, and multiple flex spaces span 3 floors and over 7,000 square feet on 2.69 wooded acres. All the primary features are on the main level (including the owner’s suite, 2 secondary bedrooms, and a wood-paneled office) so you can enjoy cozy one-level living if you choose. Still, there’s plenty of space to spread out and have privacy, too, if that’s what you prefer. Most of the major systems and features have been updated in the last five years: new kitchen; new roof; full interior paint; hardwood floors refinished; new garage doors, new HVAC, new pool pump, new water heaters, new pool pump, EV charger…the list goes on. The down-to-the-studs, fully remodeled kitchen was designed for serious cooks and is set up so that multiple people can work together. It features TWO marble-topped islands, TWO Miele dishwashers, a 48” Wolf range with a restaurant-style extractor hood, and a Subzero refrigerator. There are two sinks (including a 44” workstation sink with 2 faucets) and a “secret room” walk-in pantry. The attached breakfast room overlooks a private, New Orleans-style courtyard with climbing clematis vines and window boxes, perfect for al fresco dining. The family room is open to the kitchen and features a coffered ceiling, gas fireplace, and twin sets of French doors that lead to the new composite deck and expansive outdoor living spaces. The primary suite has a wall of windows showcasing views of the landscaped backyard, a spa-like bath with a double walk-in shower, and a large walk-in closet. The two secondary bedrooms on the main level are far enough from the primary suite for privacy but close enough for peace of mind. They each have an en suite bathroom and ample closet space. Upstairs are three very large bedrooms (one is a charming attic room out of a fairy tale with window seats, built-in bookshelves, and windows on three sides) and a bath. The walk-out lower level is perfect for entertaining with a full kitchen, large family room with fireplace, bedroom, bathroom, game room (can accommodate a pool table), an area earmarked for a wine cellar, a safe room, and a hair salon (could easily be converted to a pool bath). French doors allow access to the backyard. There is also a massive unfinished area that has been used as a gym and has built-in shelving for storage. The outdoor living space is an oasis, featuring an automated saltwater gunite pool, hot tub, and fire pit. The backyard is fully fenced. The wooded areas are home to magnolia trees, cherry trees, maples, birches, beeches, crepe myrtles, and oaks. The professionally landscaped areas feature lush lawns, David Austin climbing roses, a bed of heirloom white peony varieties, and raised bed planters for growing your own vegetables. There are two garages: one is 600 square feet with an electric vehicle charger and direct access to the mudroom and kitchen; the second garage is 50’x30’ with two 10’ doors that can accommodate an RV, boat, six additional cars, and/or a workshop. Just minutes away from Lake Allatoona, abundant restaurants and shopping, and access to Highway 92, Highway 41, and Interstate 75, this home is perfect for anyone who wants seclusion without losing access to common conveniences. Do not miss the opportunity to make this exquisite property your own!
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
2005
MLS Number
7345871
Location
Address
5348 HILL Road NW
City
Acworth
State
GA
Zip Code
30101
County
COBB (NORTHWEST)
Listing
Provider
Ansley Real Estate Christie's International, original listing
Name
Ansley Real Estate Christie's International
Phone
(404) 480-4663
Office Name
Ansley Real Estate| Christie's International
Office Phone
(404) 480-8805
Agent Name
Beth Motley

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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.