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4675 Palmetto Lane
Cumming, GA 30041
$2,400,000
Conventional
Property
Bedroom
5
Bathroom
7
Property Type
Conventional
Square ft
6744
Property Description
Nestled in the south end of Lake Lanier within Cumming's idyllic and gated Hickory Lakeside community, this exquisite property offers a quintessential white modern farmhouse aesthetic that is both inviting and elegant. Tucked away on a peaceful cul-de-sac, gas lanterns adorn the front entrance, welcoming you to the home's charming front porch. Upon entering the home, discover the open-concept design that seamlessly connects the kitchen, family room and sitting room. The rooms are adorned with built-in features, beamed ceilings and hardwood and brick floors that exude a sense of warmth and sophistication. The pristine white kitchen is designed for both functionality and style, featuring an island that serves as the heart of the space, full-height cabinets, a Wolf six-burner gas range and large windows above the sink framing the lake views. The kitchen flows into a casual dining area and the comfortable family room, making it ideal for entertaining and everyday living. Enjoy easy access to the rear screened porch, complete with an outdoor fireplace. The main level also includes a half bathroom and an office, adding practicality to the layout. Conveniently located on the main level, the primary suite exudes luxury with a tranquil, sizable bedroom with a cathedral ceiling and an equally bespoke en suite bathroom with a freestanding soaking bathtub, a seamless glass shower and separate vaniites. Upstairs, three spacious en suite bedrooms await, each providing a private retreat. Additionally, an unfinished bonus room offers endless possibilities for customization to suit your needs. The lower level boasts a high ceilings and a fully equipped kitchen with an island that flows into a comfortable dining and family room. An en suite bedroom with a luxurious bathroom outfitted with dual vanities and a seamless-glass shower make this level ideal for entertaining or extended guest stays. As you venture outside, be captivated by the serene lake views, reminding you of the natural beauty that surrounds this property. For those who appreciate lake living, the community offers convenient lake access with a community dock and each home includes a designated covered boat slip, ensuring endless hours of enjoyment. Community swim, tennis, pickleball and clubhouse with men's and women's locker rooms, and outdoor fireplace are available for socializing with your neighbors and friends. The property also includes an outdoor shower for easy rinse off after a lake day, as well as a spacious three-car garage, with two attached and one detached bay, providing ample space for vehicles and storage. For those seeking relaxation and outdoor living, a screened porch on the rear of the home offers a tranquil escape, complemented by a patio below that is perfect for al fresco dining or lounging. Located on Pilgrim Mill Road in Forsyth County, Cumming GA with easy access to GA-400, the new Cumming City Center, Metro Atlanta and North Georgia, this Hickory Lakeside property represents an extraordinary opportunity to embrace modern living in a picturesque lakeside setting.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2022
MLS Number
7381297
Location
Address
4675 Palmetto Lane
City
Cumming
State
GA
Zip Code
30041
County
FORSYTH (County)
Listing
Provider
Atlanta Fine Homes Sotheby's International Realty, original listing
Name
Atlanta Fine Homes Sotheby's International Realty
Phone
(404) 835-9601
Office Name
Atlanta Fine Homes Sotheby's International
Office Phone
(770) 442-7300
Agent Name
Jenny Doyle

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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.