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161 Blair Valley Drive Ne
Marietta, GA 30060
$2,200,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 2
Property Type
Conventional
Square ft
5735 Square Feet
Property Description
Experience the timeless charm of this magnificent Historic Charleston Single-House reproduction, located off Cherokee Street in Marietta's historic district. Located within the prestigious gated community of Blair Valley, this home offers a serene oasis just three minutes from the Square. Situated on a rare double-lot, this property presents a unique ownership opportunity. The welcoming expansive front porch overlooks the lush community space, setting a picturesque scene. Step inside to find a grand curved staircase that graces the entryway, leading your gaze to the formal living room. This space exudes character, featuring a historic mantle imported from England, meticulous woodwork, and elegant arched door frames that create a striking visual impact. The music room, adjacent to the living room, is bathed in natural light and separated by French pocket doors, offering a cozy yet sophisticated space. The open-concept design seamlessly connects the living areas, including a spacious formal dining room perfect for hosting gatherings. The gourmet kitchen is a chef's dream, equipped with a six-burner Dacor stove, granite countertops with a farm sink, a central island, and coffered ceilings. The breakfast nook's mini lounge area and it's charming window seat makes for a cozy spot to sip morning coffee. Off the long hallway adjacent to the kitchen finished with white beadboard, you will find the luxurious primary suite encompassing a wall of windows that let in an exuberant amount of natural light and see into the stunning side entrance's always-in-bloom landscaping. The en-suite's bathroom offers a fully renovated bathroom that includes a vessel tub, marble shower, and custom-built walk-in closets. Head upstairs from the main curved staircase off the foyer to discover a true auditorium complete with a wet bar and professional movie theater sound quality built out by Marietta's own woodworking company "Rustique." A private bricked porch is located off of this room overlooking the front of the property with sights of the enormous magnolia tree located in the common green of Blair Valley. The first bedroom off the hallway is separated from the auditorium by a bathroom featuring a double-vanity and private shower/tub combination. The next offers a private in-suite bathroom with a custom walk-in closet. The last bedroom opens to a vast walkout Charlestonian piazza overlooking the side courtyard through four sets of French doors. The piazza features a gas brick fireplace with views spanning from front to back of the property. Also, peek over the side railing to find a secret courtyard graced with a pea gravel path leading you from the front of the property all the way to the side entrance which is adorned by mature seasonal landscaping. Above the garage, an additional living space awaits, providing versatility and privacy with potential for an in-law suite. This area includes a separate living room, full bathroom, dedicated workout room (that can serve as an additional bedroom), and back studio filled with natural light that contains yet another private bricked porch with views overlooking the majestic pool and backyard space. Head through the hallway off the back foyer made entirely out of natural stone to find a convenient half-bath and mud area. Continue outside to be greeted by a screened-in porch furnished with decor from Serena & Lily with floors exhibiting black and white distressed tile. Arguably the main focal point of this estate is the professionally landscaped backyard encompassing a heated gunite pool with an oversized tanning ledge. The beauty of this spa-like backyard cannot be overstated! Beyond the pool you will find additional green space for croquet, bocce ball, or other activities along with a fire pit area and string lights up above! This exquisite home flawlessly blends historic elegance with modern luxury, offering a truly unique living experience in one of Marietta's most coveted neighborhoods.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2000
MLS Number
--
Location
Address
161 Blair Valley Drive NE
City
Marietta
State
GA
Zip Code
30060
County
COBB (SOUTHEAST)
Listing
Name
Phone
(404) 974-4420
Office Name
Office Phone
(770) 604-1000
Agent Name
Jim B Glover
Agency Phone
(770) 604-1000

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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.