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8069 Kenstone Court
Atlanta, GA 30350
$1,699,999
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
6469
Property Description
A rare haven with entertainment space galore. Tons of improvements and upgrades have made this once 3 level home into 4 levels accessible via stairs inside or outside. Inside youall find 2 full kitchens, 2 bars, 2 laundries, 2 fireplaces, dry sauna, cinema, wine nook, gym, and tons of storage. Complete hardwoods or tile throughout except in the cinema and 1 bedroom for sound dampening. Upgraded kitchens and baths have stone countertops and professional finishes. 2 levels of the home are above grade and 2 levels are below grade. Yes 2 walkout basements! The main level kitchen is spacious and completely upgraded with monogram appliances, double ovens, gas cooktop/grill, and a huge stone center island that allows for prep, staging and eating all at once. The huge walk-in pantry is equipped with premium shelves and a sliding ladder to access and store things from ceiling to floor. Opens to the family area with seating and huge wall-to-wall ceiling-to-floor windows overlooking the decks and tree tops. A formal 10-12 person dining room, office/study, full bath, bedroom, fireplace and access to 3 car garage are also on the main level. Top level features 4 bedrooms, 3 baths, laundry and a loft. The master suite is very large with spacious bedroom, sitting area, gas fireplace, huge master bath with separate jacuzzi tub and shower, and very large professionally organized walk-in closet with lots of storage. The first basement levels features another bedroom, baths, cinema, gym, bar, 2 more open rooms. Lower sub-basement is accessed via a spiral staircase inside or external stairs leading to an open entertainment area, bar, full kitchen with double ovens and an electric cooktop, sauna, additional laundry, and bath. There are 2 large screened in decks with chimeneas/gas lines. The lower enclosed deck is also all-weather converting from screens to panels easily. The very bottom level has huge wall-length accordion/bifold patio doors that fold up against the walls to fully open to the outdoor space (also features a retractable screen). Step out onto a beautiful, covered stone patio with tons of room for seating and an impressive outdoor grilling area with a built-in green egg and gas grill. Outside there is gated salt water heated pool and spa, putting green, water feature, fire pit with seating, ivory picturesque wall, stone steps, and an additional walkway/pathway. This well-kept secret is in a small quiet neighborhood close to every amenity you need. Top it all off with a whole home Generac generator. You never have to leave this home unless you want to.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2004
MLS Number
10233354
Location
Address
8069 Kenstone Court
City
Atlanta
State
GA
Zip Code
30350
County
DE KALB (WEST)
Listing
Provider
eXp Realty, original listing
Name
eXp Realty
Phone
(770) 361-7068
Office Name
eXp Realty
Office Phone
(888) 959-9461
Agent Name
April Watkins

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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.