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5010 Heardmont Trace Road
Cumming, GA 30028
$2,149,000
Conventional
Property
Bedroom
8
Bathroom
8
Property Type
Conventional
Square ft
12279
Property Description
Custom quality home on 5+ acre estate!! : Ultra-Luxurious Ready Manor with Utopian Vibes! Beautifully located down a private Gated road in an architecturally landscaped estate. This 7 BR/8BA, executive residence provides a truly unique living experience. The exclusive resort lifestyle it provides while remaining sequestered in feel., Heated and salted pool. The house has gorgeous hardwood floors, exceptional lighting fixtures, an open floor plan, coffered ceilings and stone and brick fireplaces. Spacious sophistication, with master suites, on main-level Both boasting double vanity, enormous closets, large windows overlooking the pool. Overflowing with upscale style, the gourmet kitchen features Wolf and Bosch appliances, granite countertops, a gas range, dishwasher, a pantry, a breakfast. Bask in the outdoor entertainment options, which includes a outdoor dining and lounging covered patio. All bedrooms are generously sized, with trayed ceilings, walk in closets and full bathrooms. Other features: Brand new top of the line NEW Roof, Well Water with elite soft water filtration system, 5 zone irrigation, detached 3-car garage with in-law suite above garage with 1 bedroom, kitchen and full bath, Pella windows and doors, Step inside and fall in love with the details of this home. Two story foyer, hardwood floors, and 10ft+ ceiling. Kitchen features wine rack, granite countertops, breakfast bar, and breakfast room. Heated pool with screened pool house and wet bar perfect for entertaining guests. Green house and wine cellar. Detached garage has an in-law suite upstairs. 40 KW generator attached to keep home powered during outages. Don't miss out on this opportunity. only 1-hour from ATL airport, close to restaurants, Alpharetta, Hospitals, Lake Lanier, and North Georgia Premium Outlet Mall, and much more! Come See Today! Option to be Sold Furnished. Appointment Only CALL ROSY LAKHANI 770-363-7676 Selling Broker Commission, 1% if we show the property for the 1ST time.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
1998
MLS Number
7346686
Location
Address
5010 Heardmont Trace Road
City
Cumming
State
GA
Zip Code
30028
County
FORSYTH (County)
Listing
Provider
Virtual Properties Realty, original listing
Name
Virtual Properties Realty
Phone
(770) 495-5050
Office Name
Virtual Properties Realty.com
Office Phone
(770) 495-5050
Agent Name
Rosy Lakhani

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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.