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472 Schofield Drive
Powder Springs, GA 30127
$945,000
Conventional
Property
Bedroom
6
Bathroom
5
Property Type
Conventional
Square ft
6040
Property Description
From the moment you enter the oversized, imported, double front doors, you will feel how special this home is. Every detail has been thoughtfully selected to ensure comfort, warmth, functionality, and style. The large, open family room with its custom two-story accent wall and updated fireplace surround, provides plenty of space for holiday or special occasion gatherings. Opening directly into the large, updated kitchen allows the chef in your family to continue to feel a part of the action. The kitchen has high-end stainless-steel appliances with ample island space for food prep, a lovely breakfast bar, eat in area that will accommodate a large table, plenty of cabinets for storing kitchen appliances and high ceilings with beadboard accents. In addition to gorgeous 5-inch width distressed hardwoods throughout the main level as well as the second level, the main level also offers an oversized primary bedroom with a large walk-in closet complete with custom built in's and French doors that open to an expansive deck off the back of the home. The soothing primary bathroom retreat includes dual vanities, giant soaking tub and a separate shower. The stunning main level office with French doors, beamed ceiling, and built in shelves will make working from home a complete pleasure. The dining room exemplifies elegance and has space for those formal, sit-down meals. A lovely split staircase with wrought iron spindles takes you upstairs to three additional bedrooms, with two full bathrooms and a peaceful loft space that would be ideal for a second office or reading area overlooking the main floor. The terrace level offers two additional bedrooms (one with a kitchenette and bathroom attached - ideal for an in-law suite or au pair apartment) and another that is currently being used as an office. There is an open area perfect for a media/living room complete with dry bar, wall mounted TV and Sonos sound system as well as a separate exercise room for keeping in shape that includes a Universal Gym module. The terrace level also has updated luxury vinyl plank and tile for ease of maintenance. And last but not least, imagine sitting on your enormous back deck enjoying the serenity of the almost 1-acre, flat, back yard. Plenty of parking with the 3-car attached garage and level driveway. This home is truly a delight to see and you are sure to be impressed at the level of care that has been put in to it.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1999
MLS Number
7367078
Location
Address
472 Schofield Drive
City
Powder Springs
State
GA
Zip Code
30127
County
COBB (SOUTHWEST)
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
Jaydee Austin Smith

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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.