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125 Westgreen
Tyrone, GA 30290
Ken Mills with Southern Classic Realtors, original listing - (678) 635-8877
$1,495,000
Conventional
Property
Bedroom
5
Bathroom
Full: 5, ½: 1
Property Type
Conventional
Square ft
8300 Square Feet
Property Description
Fabulous executive home in the prestigious River Oaks community. This home sits on a beautifully landscaped private 3.8 acre cul de sac lot and is only minutes to I-85 and the Trilith Studio Community. The home features 5 bedrooms, five and one half baths and over 8,000 finished square feet. You will notice the quality build the minute you walk through the front door. The magnificent open foyer welcomes you with a gracefully curved wrought iron staircase. Cherry hardwood floors grace the main level with extensive trim throughout. The main level features an open concept ideal for entertaining and daily living. The banquet size dining room has a coffered ceiling, chandelier and butlers pantry. The spacious open living room features a wall of windows, granite fire place & built in cabinets. Enjoy the large open gourmet kitchen with cherry cabinets, huge island, upgraded stainless appliances & granite counters. Adjacent to the kitchen is a lovely open breakfast area and a keeping room with beamed ceiling, brick fireplace and doors to two covered porches. Also adjacent to the kitchen is a separate walk in pantry, home office area, mudroom with built in cabinets and large laundry room. The luxurious master suite has an unbelievable two story custom closet, a spa like master bath with cherry cabinetry, large tile frameless shower and jetted tub. The upper level boasts four oversized bedrooms one of which could be a second master suite, two large attached baths and one Jack and Jill bath all with custom lighting and granite counters. There is also a huge bonus room. The finished terrace level provides another level of enjoyment with a stunning multi-level equipped home cinema with state of the art acoustics and huge screen with seating up to 15 people, expansive game room with fireplace and wet bar with refrigerator, sink and dishwasher, a large equipped exercise room, sauna, full bath and large storage area. Outside you will find a large private backyard with a professionally built half basket ball court and an additional detached all brick 3 car garage for autos, recreational vehicles or even a workshop. Additional features include, security system, central vacuum and intercom, 2 large water heaters, front and rear staircases, custom lighting and mirrors and excellent Fayette County Schools. All the features a discriminating buyer would demand. Quick closing possible. Don't wait you see this fantastic home.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2005
MLS Number
--
Location
Address
125 Westgreen
City
Tyrone
State
GA
Zip Code
30290
County
FAYETTE (NORTH)
Listing
Name
Phone
(678) 635-8877
Office Name
Office Phone
(678) 635-8877
Agent Name
Ken Mills
Agency Phone
(678) 635-8877

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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.