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5135 Howard Road
Cumming, GA 30040
$8,750,000
Conventional
Property
Bedroom
12
Bathroom
10
Property Type
Conventional
Square ft
14678
Property Description
Welcome to Richmond Hill, a majestic 15-acre, 14,678 SqFt estate located at 5135 Howard Road in Cumming, GA, a testament to luxurious living and sophisticated security. Completed in 2016, this property's heart is a custom-designed smart home featuring state-of-the-art security with a fallout shelter, automated systems, vaulted ceilings, and a screened pool area - a perfect blend of elegance and technology. Step inside to discover a U-shaped architectural marvel, where every room offers an opulent experience. The main residence is adorned with custom cabinetry, exquisite finishes, and a four-season space with a stone fireplace and an outdoor kitchen, ideal for entertaining year-round. The residence's layout maximizes privacy and views, linking seamlessly with the outdoor pool area, embodying luxury in every detail. Richmond Hill's grandeur extends beyond the main home. A 7,339 sq.ft building, doubling as a high-end car garage and workshop, caters to automotive enthusiasts with 1,200 sqft 2 bedroom guest quarters. The rustic 1 bedroom guest log cabin features a stocked pond, and the Western saloon-style building adds character and charm, offering unique spaces for endless possibilities, film production, and entertainment. The professional landscaping with trails, a creek, and cleared wooded areas invites outdoor exploration, activities, or equestrian living. The estate's infrastructure is as impressive as its aesthetics, with a 600-amp service, backup generators, a solar system, and smart home technology throughout. This technology integrates seamlessly into daily life, managing everything from lighting to security with effortless control. Richmond Hill is more than just a home; it's a distinguished lifestyle destination offering a unique blend of luxury, security, and tranquility. This estate stands as a testament to thoughtful design and meticulous attention to detail, creating an unparalleled living experience for the most discerning of buyers. Perfectly located, it combines the convenience of nearby shopping, dining, and entertainment with the privacy and security afforded by its distance from the city hustle. Just an hour from ATL airport, Richmond Hill is an idyllic retreat, ready to be the setting for a life of unmatched elegance and comfort. Building Details: Main Home: (14,678 sqft, Above Grade 7,339 sqft, Below Grade: 7,339 sqft). Custom Barn with 2nd floor living quarters: (2B/2B 7,400 sqft) Equipment Barn/Storage Buildings: (4,000 sqft) Log Cabin: (1B/1B 1,200sqft), Tree House (1B/1B) Stone Garage, Old-Time Gas Station, Bride/Pavillion. For more detailed information or to schedule a showing, please contact the listing agent. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. Contact the listing agent for more information or to schedule a private showing.
Property Information
Lot Size
15 acre(s) square ft
Property Type
Residential
Year Built
2016
MLS Number
7321562
Location
Address
5135 HOWARD Road
City
Cumming
State
GA
Zip Code
30040
County
FORSYTH (County)
Listing
Provider
Gold Peach Realty LLC, original listing
Name
Gold Peach Realty LLC
Phone
(770) 876-7038
Office Name
Gold Peach Realty, LLC
Office Phone
(770) 283-1223
Agent Name
Nicole Van Den Bergh

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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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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.