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83 Vaughn Road
Newnan, GA 30265
$1,590,000
Conventional
Property
Bedroom
7
Bathroom
7
Property Type
Conventional
Square ft
7418
Property Description
Nestled on five picturesque acres in Coweta County between Newnan and Peachtree City, and just 26 miles from Atlanta Hartsfield -Jackson International Airport, this European-inspired hand-cut stone home evokes an enchanting old-world feel. Ornate iron railings line the sweeping stone staircases leading to the covered front porch, comprised of graceful arches, a tin-lined ceiling and a welcoming fireplace. Enter into the home where beautiful hardwood floors flow throughout the main level, creating warmth and a seamless transition between living spaces. A wall of floor to-ceiling-windows in the great room overlooks the front porch and pastureland beyond. Continuing the use of hand-cut stone, great room's floor-to-ceiling stone fireplace is embellished by an ornately carved wooden mantel with classic caryatids, acanthus leaves and egg and dart motifs. Grand in scale and outfitted with high-end luxuries, the newly renovated kitchen impresses with a six-burner gas range, two sinks, an island with seating, cabinets to the ceiling and abundant cabinet and counter space. Enjoy extensive moldings and thoughtful details throughout the home, truly illustrating the quality and craftsmanship of the estate. Relax and unwind in the primary bedroom suite, featuring dentil crown molding, judges paneling, plantation shutters and sconces for each side of the bed. The en suite bathroom evokes tranquility with marble details, a seamless glass shower, gold swan faucets and an oversized bathtub bathed, bathed in the soft light of a candelabra-style chandelier. Keep everything organized in the primary's large custom closet with extensive built-ins and a shoe closet. Completing the main level are a library and a second primary suite, perfect for overnight guests. Upstairs, enjoy three nicely sized bedrooms, two which are en suite. The living spaces continue on the terrace level, which includes a recreation room, two en suite bedrooms and direct access to the backyard with children's playhouse and PebbleTec saltwater pool. Completely fenced, the backyard provides plenty of room for play as well as a large parking area outside the detached four-car garage/carriage house, which boasts space above for a future apartment or guest retreat. Situated on five sprawling acres, this exceptional property offers rolling pastures, mature hardwoods and immense privacy, yet is only eight minutes from I-85 - the best of both worlds. Experience the sensation of living a world away, while in reality, being only moments from it all. Truly embodying the grandeur of European castles and estates, this timeless residence enchants with an irresistible old-world allure. For the equestrian enthusiast, additional acreage can be added for future barn and arenas. Call us for details.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
1986
MLS Number
7313337
Location
Address
83 Vaughn Road
City
Newnan
State
GA
Zip Code
30265
County
COWETA
Listing
Provider
Atlanta Fine Homes Sotheby's International Realty, original listing
Name
Atlanta Fine Homes Sotheby's International Realty
Phone
(404) 835-9601
Office Name
Atlanta Fine Homes Sotheby's International
Office Phone
(404) 874-0300
Agent Name
Clay Henderson

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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.