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2429 Fairoaks Road
Decatur, GA 30033
$1,600,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
6562
Property Description
A stunning opportunity in the heart of the treasured Oak Grove neighborhood! Fabulous 4-sided brick and stone custom build in prime location on one of the most coveted streets in sought after Oak Grove School District. Just minutes from the new CHOA Hospital, Emory, CDC, I-85, retail, and restaurants and the lively Oak Grove shopping and dining! You are greeted with a beautifully landscaped front yard as you walk up to a gracious stone front porch and enter this meticulously kept 6 bedrooms, 5.5 bath home in the heart of Oak Grove. Once entering the front door, the main level boasts a spacious open floor plan, high ceilings, hardwood floors and an abundance of natural light all leading to a large family room with a stone fireplace and built-in bookcases opening seamlessly into the Chef's kitchen with quartz countertops including a large quartz island, gas cooktop, double ovens, stainless steel Bosch appliances, built-in microwave, large pantry, an eat-in area and a large dining room off the foyer and kitchen. This flows into an amazing large custom screened porch with plenty of room for those cherished family dinners as well as a stone fireplace for those chilly days and nights. This screened porch overlooks a beautifully half acre landscaped garden oasis backyard with a heated spa/pool and huge stone fireplace. The main level of this spacious and open home also offers you a sought-after large guest suite with full bath facing the backyard, as well as an additional half bath and a separate formal living room which can also be used as an office. Upstairs you will find the serene and spacious primary suite with trey ceiling, large walk-in closet, bathroom with stone vanities, laundry room and three additional bedrooms with two baths. The expansive daylight terrace level has pristine carpet and tile floors, high ceilings and enough room for a gym, theatre, gaming, and whatever you can dream up! It also has a bedroom, full bath, a second laundry room, a wine cellar, a huge amount of space for entertainment and living spaces and plenty of storage. The terrace level can be converted easily into an in-law suite or potential income property completely set up for separate access. Large 3 car garage that flows right into the spacious kitchen for your convenience. This home offers a haven of comfort, style and convenience in a friendly, lush green neighborhood perfect for runners, dog walkers, strollers with easy access to public and private schools, close to the new CHOA campus, Decatur, Brookhaven, all highways and everything Atlanta has to offer!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2005
MLS Number
7365348
Location
Address
2429 Fairoaks Road
City
Decatur
State
GA
Zip Code
30033
County
DE KALB (WEST)
Listing
Provider
Harry Norman, Realtors, original listing
Name
Harry Norman, Realtors
Phone
(404) 233-4142
Office Name
Harry Norman Realtors
Office Phone
(404) 233-4142
Agent Name
Beth Smith

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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.