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1689 Mountain Shadow
Stone Mountain, GA 30087
$1,295,000
Conventional
Property
Bedroom
7
Bathroom
7
Property Type
Conventional
Square ft
5814
Property Description
Estate Lot & Luxury Redefined in the Most Sought After Country Club - KANAWHA SMOKE RISE! Welcome home to this Exquisite High-End Renovation. This Executive Style home features 7 Bedrooms, 5 Full Baths & 2 Half Baths on Private 1.4 Acres! Of which, there are 3 bedrooms , 2 full baths & 2 half baths on the main floor with a Very Spacious master bedroom and bath with Heated Tiled Floors , also on the main level which overlooks the back yard with serene views! This home also boasts Another Master bedroom for family/friends/kids. Upstairs you have another 3 bedrooms and 3 full baths. Plus, there are 2 bonus rooms that you can use for whatever your family desires or they could easily be turned into bedrooms by adding closets. There are 4 Full Bathrooms Newly designed with Frameless Shower glass! The entrance to this Magnificent home has a Private Security Gate which then brings you to your Own Bridge over a freshwater stream. Lots of Exterior Security lighting around the front yard, which is Professionally landscaped with Gorgeous Mature Japanese Maple Trees adorned with irrigation system as well. There are 2 separate driveways 1 to the right leads to your Full Size 2 car garage and ample parking spaces on the parking pad as well that leads you to the entrance for the Mud Room & Master Bedroom. Then the 2nd driveway on the left side has even more parking pad space for family & friends. which then brings you also a Very Inviting beautiful Water Feature 3 Tier Fountain with 2 Waterfalls which in between 2 front staircases leading up the Double-Sided front door. Once inside your 2 Story Foyer & Enchanting Chandelier, The main level boasts an open floor plan, with All New LED lighting throughout with Beautiful Natural White Oak solid wood floors. This layout is Truly designed for Entertaining! To the Immediate left and right side, you also have 2 separate Private Patios with Big French doors to open and enjoy the wonderful sounds of your Waterfall! As you bask in the open floor concept through the dining area , you then step into your Newly Renovated Full Chefs Kitchen with All New Kitchen Aid SS appliance which are under warranty. This Big eat in kitchen has an Island which overlooks the 2-story family room & inviting Gas Log fireplace. This Big family room with 2 Large digital quiet ceiling fans keeps the breeze flowing in the family room & also has views of the New Trex-Maintenance Free back deck overlooking the yard/green space and Another Water feature which is a water fall cascading down a Big rock wall into a Koi Pond- Entertainers Dream Yard for sure! Once you open Both sides for the French Doors in this living area, again you have Another Cascading Waterfall which just bring your Koi Fish for the Ultimate Feng Shui Vibes and total relaxation with your Very Private back yard. There are also Full Laundry rooms on Both Levels for easy access. There is a Full Unfinished Dry Cement Basement with very high ceilings for which the New Home owner can have their own vision to make this another area for multiple family rooms, game room, media movie space, plenty of storage space, gardening tools, you name it. This Truly One of Kind Home will not last long on the open market you better ACT FAST! RECENT APPRAISAL $1.325M, NEW OWNER HAS INSTANT EQUITY!$
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1996
MLS Number
7392457
Location
Address
1689 Mountain Shadow
City
Stone Mountain
State
GA
Zip Code
30087
County
DE KALB (NORTHEAST)
Listing
Provider
Muffley & Associates, original listing
Name
Muffley & Associates
Phone
(404) 848-0996
Office Name
Weichert, Realtors - The Collective
Office Phone
(404) 848-0996
Agent Name
Gabriel Little

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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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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.