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3348 Lynnray Drive
Atlanta, GA 30340
$700,000
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
2080
Property Description
You will regret this decision for the rest of your life if you do not purchase this home. Absolutely stunning Mid-Century Modern home tucked away in prestigious Northcrest neighborhood. Renovated throughout with the most pristine update to details throughout home. Sloped driveway to house that provides the amount of privacy so difficult to find in a home in this area and the backyard is primary level, fenced and a nature lover's dream. Many hardwood trees with beautiful canopy, separate patio off home with trellis style design perfect for all your entertaining and / or privacy to get away and unwind and fenced backyard. Enter into the home with a front porch that is likely one in which you've not seen before. There are multiple areas suitable for outdoor seating furniture, bistro table perfect for that morning coffee and beautiful pergola style design overhead. The home has a 2 car carport and separate parking pad so you can avoid any tandem parking. Make your way to the front door through hand crafted stairs, custom front door and lighting all fitting for Mid-Century design. Once inside marvel at the original exposed, vaulted & stained ceiling. The main level consists of an oversized, light-filled family room solid surface floors, exposed brick accent wall, breakfast bar w/ view to kitchen. The kitchen has a separate breakfast area, another breakfast bar, white cabinets, stainless appliances, stylish vent hood, apron, farm style sink & view to backyard. The breakfast area has a sliding glass door w/ direct access to backyard. Beautiful and well appointed open floor concept. Split level floor plan w/ the upstairs consisting of the master bedroom & two secondary bedrooms. Homes of this generation were often equipped w/ only 1 bathroom & the renovator / architect retrofitted the master bathroom & hall bath to join with such unique design and practicality. All rooms again consist of the vaulted, exposed stained wood ceilings. The lower level of the split level design consists of the same level of detail and design as the entire house. There is direct access to the front patio, bar area suitable for seating & sink. Additional living space with a very spacious seating area, decorative, brick, corner fireplace. Then the 4th bedroom w/ no compromise of lighting and same attention & detail to the full bathroom. The school systems are top notch & while this home offers all this privacy is just minutes from major interstates, shopping, grocery and restaurants. A true gem.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1967
MLS Number
7381743
Location
Address
3348 Lynnray Drive
City
Atlanta
State
GA
Zip Code
30340
County
DE KALB (WEST)
Listing
Provider
RE/MAX Around Atlanta, original listing
Name
RE/MAX Around Atlanta
Phone
(404) 252-7500
Office Name
RE/MAX Around Atlanta Realty
Office Phone
(404) 252-7500
Agent Name
Andrew Malone

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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.