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2803 Payton Oaks Drive Ne
Atlanta, GA 30345
$1,075,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
4952
Property Description
Welcome home to the beautiful tree-lined streets of Payton Oaks! This stunning traditional, all-brick home sits on a quiet cul-de-sac in a highly sought-after neighborhood. Close to Emory, the CDC, many private and public schools, fantastic restaurants and shopping, and easy access to major highways make this an ideal home location! This home was thoughtfully renovated beginning in 2021 and is move-in ready! Upon entering the foyer, you will immediately be drawn to the tall ceilings and sun-drenched rooms. You'll notice the attention to detail and the high-quality finishes throughout the home. This home offers a luxurious and comfortable living experience with light-colored paint and refinished hardwood floors. The living room's spacious layout, custom-built cabinetry, and marble front fireplace make it the perfect spot to unwind after a long day or gather with loved ones. The adjacent dining room can accommodate a large dining table, which is ideal for hosting formal dinners or special occasions. A modern light fixture creates a soft and inviting atmosphere. A short stroll down the hallway, you'll find a spacious powder room with a soothing hand-painted mural. As you make your way to the main floor family room, you'll find the second fireplace, windows overlooking the large deck, and private backyard space. The family room seamlessly leads to the stunning design of the open kitchen. Some features include herringbone pattern glass tile backsplash, stone countertops, stainless steel appliances, an eat-in kitchen, and a quaint butler's pantry perfect for sharing a morning coffee or a nighttime cocktail. A first-floor laundry room and sink are conveniently located down a second hallway with a large built-in pantry and mudroom area. Upstairs, you will find three secondary bedrooms: one with an ensuite bath, a second/third bedroom with a shared bathroom, plus an oversized primary bedroom with a cozy sitting area. Elfa Closet systems in the walk-in his/her closets provide ample storage and easy configuration for a stylish primary suite setting. The luxurious primary bathroom includes a vaulted ceiling and a large glass-enclosed tandem shower with a rain head feature. Stone countertops and dual sinks with oversized LED lighted mirrors create a visually appealing and functional space for relaxation and rejuvenation. The terrace level is partially finished and includes engineered hardwood floors, a private bedroom, a full bath, a separate workout area, and an additional family room or playroom. The built-in storage cabinetry and small kitchenette are a bonus. Just outside is a walkout pea gravel patio, perfect for hosting an alfresco dinner with friends or family in the warm weather months ahead. Welcome to your dream home in this charming neighborhood where convenience meets comfort. Don't miss it!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2000
MLS Number
7362802
Location
Address
2803 Payton Oaks Drive NE
City
Atlanta
State
GA
Zip Code
30345
County
DE KALB (WEST)
Listing
Provider
Berkshire Hathaway HomeServices Georgia Properties, original listing
Name
Berkshire Hathaway HomeServices Georgia Properties
Phone
(404) 537-5200
Office Name
Buckhead Office
Office Phone
(404) 537-5200
Agent Name
Margaret Sallee

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HUD Foreclosures

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.