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1270 Welcome Road
Newnan, GA 30263
$980,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3851
Property Description
Unique Equine Property for Sale! If you own horses, this is a prime opportunity to own a rare piece of property that is rural enough for quiet evenings, yet close enough to downtown and all the amenities needed for a comfortable life. The property consists of 11.37 acres located on a well-maintained dirt/gravel road approximately .25 miles from the main road. The pastures are separated into north and south fields with a gate between them and three board fencing for the majority of the property. The barn has a large overhang leading into four stalls with the ability to convert two into a birthing stall. There is an additional stall that has a flap door opening leading to a metal fenced yard large enough for dogs, goats, other animals, or to quarantine your horse. The barn has a wash stall and enclosed tack room. The tack room has an AC unit, water heater, sink and connections for a washing machine. The barn has an upper loft area for storage such as the spare 16’ fence planks that will convey. Trees surround the pastures. The south pasture has a round pen to work your horse while the north pasture has a lean-to. Hay storage is in a 20’ secure shipping container that holds approximately 130 square bales and will keep your hay dry. The property also features fig trees, blueberry bushes, muscadine grapes and a fenced in raised garden area, complete with water connections for your vegetables. The granite fire pit is great for those cool nights or hanging out with friends. For yard equipment storage or a workshop, a 20’x28’ spray foam insulated metal Quonset hut on a cement slab with overhang and roll up garage door is conveniently located on the property. The pastures and barn are visible from the house as you sit outside on your covered deck, enjoying a cookout or drinks with friends while watching your horse’s graze. This modern home features a covered front porch, vaulted ceilings, hardwood floors, central vacuum system, and neutral colors that will complement any decor. Upon entering the home, you are greeted with a large foyer and formal dining room. The main floor is open and has a living room, eat in area, large kitchen, and gas fireplace. The kitchen contains plenty of cabinets for your cookware and a combination gas stove/electric oven. The center island contains electrical outlets and more storage. All countertops throughout the house are solid surface. The property is served by city water and two septic systems. Just off the kitchen, is a half bath and large laundry area that also has a raised tub for washing pets, and yet more storage. The access to the three-car garage is through this area. The large primary suite is conveniently located on the main floor with a large walk-in closet with built in drawers and shelves. The bedroom also has a built-in cedar storage chest under bay windows. The primary bathroom boasts granite countertops with two sinks, a jetted tub, spacious shower with high shower heads that are great for very tall people, a towel warming rack, and gas fireplace open on both sides between the bathroom and bedroom. Upstairs is two fully carpeted bedrooms, linen closet and office space along with a tiled full bathroom. The basement is finished, with large windows and direct access to the back yard. The basement also consists of a large bedroom with walk in closet, full sized bathroom with large shower, a separate enclosed storage area, a built-in book cabinet, buck stove, and room for your pool table or other games. The owner is nearing retirement and is selling to downsize and exit horse ownership. This is your opportunity to take advantage of a move in ready, farm ready property, and eliminate boarding fees for your horses or use as a boarding property to generate income.
Property Information
Lot Size
11 acre(s) square ft
Property Type
Residential
Year Built
1998
MLS Number
20160587
Location
Address
1270 Welcome Road
City
Newnan
State
GA
Zip Code
30263
County
COWETA
Listing
Provider
Keller Williams Realty Atlanta Partners, original listing
Name
Keller Williams Realty Atlanta Partners
Phone
(770) 632-1112
Office Name
Keller Williams Realty Atl. Partners
Office Phone
(770) 632-1112
Agent Name
Mike Robinson

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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.