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884 Derrydown Way
Decatur, GA 30030
Julie Terry with Red Key Properties, LLC., original listing - (770) 617-4383
$1,695,000
Conventional
Property
Bedroom
5
Bathroom
Full: 5, ½: 1
Property Type
Conventional
Square ft
3800 Square Feet
Property Description
**WELCOME HOME!** Nestled in the heart of Winnona Park on one of its most desirable and quiet streets, this thoughtfully curated modern farmhouse exudes masterful attention to detail. Featuring five spacious bedrooms, five and a half luxurious baths, multiple outdoor living areas, and a two-car garage, this home is designed to fulfill every need. It’s a place where every box is checked, and every dream is realized! With a timeless design that harmonizes farmhouse charm and modern luxury, this home offers abundant natural light from the moment you step inside. Be captivated by the open family room and kitchen area, adorned with wood beams and large windows. A grand bi-fold sliding glass door and a 10-foot slider lead to a screened porch with a cozy gas fireplace, plus a spacious open deck perfect for outdoor dining and gatherings. The level backyard extends seamlessly into Legacy Park—77 acres of nature, history, recreation, and the arts. At the heart of this home is an exceptional, well-designed kitchen equipped with high-end appliances, a 48” gas cooktop, double ovens, a custom wine niche, a separate vegetable sink, and a walk-in pantry—all bursting with charm. The main floor is thoughtfully arranged with everything today's busy and professional family could need. Highlights include a versatile flex room that can serve as a home office, gym, or guest room with its own ensuite, a stylish mudroom, powder room, and a two-car garage with abundant storage. Serenity awaits in the primary suite. The bedroom’s vaulted ceilings showcase beautiful views and include a coffee and wine bar for quiet mornings or evenings on the balcony. The spa-like bath is elegantly designed with exquisite tile, a freestanding soaking tub, a double vanity with quartz countertops, ample linen storage, an enclosed water closet, a custom-tiled shower, and a walk-in closet. Upstairs, three oversized bedrooms with three full bathrooms provide ample space for family and guests, complemented by a central laundry room featuring an antique folding table, Dutch door, and brick flooring that enhance the farmhouse charm. A large loft at the top of the stairs is ideal for movie nights, a home office, an exercise room, or game tables—the possibilities are endless! With 10-foot ceilings on the main level, 9-foot ceilings upstairs, spray foam insulation, Cat6 ethernet cabling, EV charging readiness, and EarthCraft certification, this home is built for both comfort and efficiency.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2024
MLS Number
--
Location
Address
884 Derrydown Way
City
Decatur
State
GA
Zip Code
30030
County
DE KALB (WEST)
Listing
Name
Phone
(770) 617-4383
Office Name
Office Phone
(770) 617-4383
Agent Name
Julie Terry
Agency Phone
(770) 617-4383

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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.