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1539 Silver Hill Court
Stone Mountain, GA 30087
$850,000
Conventional
Property
Bedroom
5
Bathroom
Full: 5, ½: 1
Property Type
Conventional
Square ft
--
Property Description
Executive Retreat at Smoke Rise Country Club * Tucked away at the end of a cul-de-sac beyond its own private gate is a massive unique executive home. Set on a 47,916 sqft lush lot of greenery featuring an entrance fountain and bordered in the back by a bubbling brook, It is definitely a respite of tranquility. The home’s main floor layout is welcoming with entertaining in mind. (Home is being remeasured for accurate sqft as tax card deemed incorrect) * Main Floor * As you enter the foyer from the flagstone terrace you see the massive living room with a gas fireplace, flanked by an oversized dining room and French doors to the study. The home features a European flair with intricate craftsmanship, hardwoods throughout, and exotic but understated tile accents. Down the hall is the spacious guest ensuite with a private bath with a separate shower and jetted tub. The kitchen can handle the largest of dinner parties with custom cabinetry, stainless and high-end deep quarry granite, double ovens, warming drawers, a 6-eye gas range top, a wine frig, and more. Just beyond in the den with a wrap-around deck, half bath, and yet another gas fireplace. Off the kitchen is the main floor second master suite. It is light and bright with a custom-tied ceiling and features a gas fireplace, The ensuite has a large walk-in shower, and a separate jetted tub, and double vanity, and his & hers cedar closets. *SECOND & THIRD FLOOR OWNERS RETREAT: * The entire second floor is an Owner's Retreat of size and scope rarely seen. The owner’s den is massive and has a staircase to the 3rd-floor cupola and reading room overlooking the grounds. Double French doors welcome you to the owner’s bedroom with a gas fireplace, a massive closet with built-ins, and double French doors to a Juliet balcony. The owner ensuite bathroom is beyond massive with marble walls, a double-head walk-in shower, a slipper tub, and a second massive closet. * TERRACE LEVEL: * Has two additional ensuites, 2nd laundry, massive game room/den with wood burning fireplace. Wrap-around terrace, Additional storage, and the Large Secret Room ideal for a movie theater, kids theater, or poker & cigar room. * BY THE NUMBERS: Price $850,000 * 5 Bedrooms plus study * 5 Bathrooms * 1 Half Bathroom * 2 Dens * 5 Fireplaces * 2 Laundry Rooms * 9 Closets * 2 Driveways * 1 Fountain * 3 HVAC Systems * 2 Water Heaters * 1 Copula * 1 Hidden Room * 10 Foot Ceilings and so much more!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1989
MLS Number
--
Location
Address
1539 Silver Hill Court
City
Stone Mountain
State
GA
Zip Code
30087
County
DE KALB (NORTHEAST)
Listing
Name
Phone
(404) 353-9233
Office Name
Office Phone
(404) 876-4901
Agent Name
Bill Forrest
Agency Phone
(404) 876-4901

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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.