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5084 Oak Leaf Terrace
Stone Mountain, GA 30087
$565,000
Conventional
Property
Bedroom
4
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
4029 Square Feet
Property Description
You don't want to miss this beautiful 4 Bedroom 4 Bath home in Sought after Parkview School District. Located in the established subdivision of Parker Woods, this home, on a corner lot, is convenient to Stone Mountain Park, shopping, grocery stores, and great restaurants. Easy access to Hwy. 78 and Hwy. 285 is just minutes away. When entering this gorgeous home, you are greeted by a formal living room which could double as a home tech room. A formal dining room is directly on your right, which leads to a very large island kitchen with an eat in breakfast room. The spacious family room is made cozier by the inviting fireplace. Upstairs there are 3 large bedrooms for family or guests. The first bedroom is an ensuite with its own private full bathroom. The Jack and Jill bathroom is shared by the other two bedrooms. Stroll down the hall to a massive primary ensuite with ample room for a sitting area or home office. The large primary bathroom has a double vanity, his and hers closet and a sumptuous whirlpool tub. The fully finished basement offers a large family room with a comforting fireplace and a wet bar with a beverage refrigerator, which could be easily converted into an In-law suite. There are two other rooms which could double as media rooms or a man cave. A fresh coat of paint and brand new carpeting has been added throughout the home. Outside, directly off the family room, is a beautiful sunroom and covered patio to enjoy those outdoor gatherings with friends and family. Finally, there is a gorgeous saltwater pool with a relaxing hot tub for those cool fall nights or a relaxing summer dip. This one won't last long, so make your plans, NOW, to see it!!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1989
MLS Number
--
Location
Address
5084 Oak Leaf Terrace
City
Stone Mountain
State
GA
Zip Code
30087
County
DE KALB (NORTHEAST)
Listing
Name
Phone
(404) 861-7675
Office Name
Office Phone
(770) 932-0005
Agent Name
Jack Denton
Agency Phone
(770) 932-0005

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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.