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1602 Gardenia Avenue
Albany, GA 31701
$439,900
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
4173
Property Description
Completely redone and move in ready! Situated on 1 acre off of Lily Pond Road, this massive and beautiful home totals 4173 square feet divided amongst the main home and a mother-in-law suite out back. The renovations list is as long as the days of summer are hot. New roof and new water heater. New flooring throughout, new paint throughout, all new light fixtures in every room, new water fixtures installed. New stove and dishwasher. New windows all the way around the entire home. Even the driveway and walkway are brand new! The main home features a split floor plan at 3453 sq. ft. that starts off with the large open living and dining room once you walk in the front door. The primary bedroom is reached by passing through interior french doors. Once inside you will see a beautiful fireplace, a giant walk-in closet and a bathroom containing a double-sink vanity with granite countertops, tiled shower and garden tub. The other 3 bedrooms are on the opposite side of the house. 2 bedrooms share a bathroom and the last bedroom has it's own attached bathroom. Both bathrooms come with tiled showers and granite countertops. From the living room, you will enter the entertainment room that features a large fireplace and mantel as well as a custom wet-bar in the back of the room with granite counter and tile backsplash. This room also boasts 2 doors that open up to a charming covered back porch in the back yard. The kitchen is simply breathtaking. Granite countertops and tile backsplash with the perfect compliment of lighting make this room the main draw. The attached oversized walk-in pantry is just what you need to complete this area. The rest of the home features a laundry room with utility sink and access to the 2 car garage right off of the kitchen. The perfect mother-in-law suite that is 720 sq. ft. and features granite countertops plus tile backsplash in the kitchen, tile shower in the bathroom, 3 closets and a generously sized bedroom!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1985
MLS Number
10276015
Location
Address
1602 Gardenia Avenue
City
Albany
State
GA
Zip Code
31701
County
DOUGHERTY
Listing
Provider
HRP Realty, LLC, original listing
Name
HRP Realty, LLC
Phone
(478) 901-2091
Office Name
HRP Realty
Office Phone
(478) 901-2091
Agent Name
Miranda Peters

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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.