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1121 Wimberly Road Ne
Brookhaven, GA 30319
$1,700,000
Conventional
Property
Bedroom
8
Bathroom
7
Property Type
Conventional
Square ft
9557
Property Description
Rare opportunity to own a large, unique home in Brookhaven that has the largest floor plan on Wimberly Rd. This Classic European “Tudor Revival” masterpiece is inspired by medieval palaces, featuring brick and stone construction that exudes elegance and grandeur. Among the largest homes in Brookhaven, this castle-like residence boasts extensive stonework, covered porches, four fireplaces, and old-world charm with exposed beams, oversized windows, and beautiful moldings. The house showcases the finest materials and craftsmanship, with a 4-stop elevator, 3-car garage, Viking appliances, and a fully finished terrace level. Spanning 9,557 square feet across four finished levels, this home is perfect for today's multi-faceted lives and large multi-generational families who wants to live together. With seven bedrooms, six full baths, and a main-level powder room, the residence offers rooms that flow seamlessly from one to another, multiple living spaces, a large dining room, and a spacious kitchen with a keeping room that opens to a porch and rear deck. Elevate your living experience with the fresh air and views from the long-size second-floor balcony accessible from three bedrooms. Ideally situated near top area hospitals, fabulous restaurants, and fantastic Atlanta shopping (less than 1 mile to Costco and finest Brookhaven entertaining spots), this home is also close to many of Brookhaven's best schools and in walking distance to famous and one of the oldest Ollepharpe University. Don't miss the opportunity to cozy up this fall in this four-sided brick and stone home that truly has it all! Motivated seller!!!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2008
MLS Number
7378725
Location
Address
1121 Wimberly Road NE
City
Brookhaven
State
GA
Zip Code
30319
County
DE KALB (WEST)
Listing
Provider
REALCO BROKERS INC., original listing
Name
REALCO BROKERS INC.
Phone
(404) 786-0988
Office Name
Realco Brokers, Inc.
Office Phone
(404) 671-9321
Agent Name
Igor Arkhipov

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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.