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6020 Pilgrim Point Circle
Cumming, GA 30041
$1,950,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
4449
Property Description
Luxury lakefront 5 bed/5.5 bath home on Southlake Lanier in highly sought after Cumming. The fully landscaped yard with gorgeous hardwoods, retaining walls, blue slate chips in flower beds, green grass and Japanese maple tree "welcome" you home. The 8 ft fences run down both sides of the property and create privacy. Traditional charm with modern farmhouse style, creates an updated feel for life at the lake. Close to 400 with easy access to Halcyon, Avalon, Roswell, and Milton, this private lake retreat provides the benefit of enjoying Atlanta’s things to do. Updated in 2023/24 with custom cabinetry in the kitchen, 9-inch-wide luxury vinyl plank flooring throughout (no carpet), sliding barn doors, new lighting and fans and white painted brick with black trim on exterior accentuate the esthetic. Enter the front double doors and see the beautiful lake views through the sliders, doors and windows throughout the home. The “double” back decks overlook the lake and run the length of the home with plenty of room for seating, grilling and dining. The lower deck with dry below offers peace and tranquility to enjoy morning coffee or wine at sunset. What’s nice about this property is the EASY walk, less than 50 steps, to the water with path lighting. The private cove with three docks has rip-rap to protect the shoreline. The 28x24 party dock is equipped with electricity and water, has a sun porch, new floats/new wood deck boards/new cables and winches and string lighting. The main level has a dining room, office with built in shelving and two closets, laundry with cabinets/sink/fridge/hidden ironing board/hanging rack, half bath with cute vanity, two-story vaulted great room with brick fireplace and the master suite with “twin” master baths with seamless glass doors and walk in closets. The master bedroom 6 ft slider leads to back deck with beautiful views of the lake. Upstairs you will find two bedrooms with arched windows for natural light and views, hall bath and a large bedroom/bath en’suite with seating perfect for hang out space. The downstairs terrace level has a den with brick fireplace, double doors that lead to expanded deck with dry below, a second full size kitchen with new appliances for hosting weekend guests, eating area and high-top bar, oversized bedroom with 6 ft slider to deck, bath and storage room with plenty of shelving for boat toys and seasonal décor. There is also a washer/dryer for lake towels. A deep side entry garage is perfect for boat/jet skis/workshop and lawn equipment. New thermostats with smart home app controls, walk in closets, double door extra pantry, soft close seat covers on toilets, leaf guard on gutters, garage with new door opener/epoxy floor/LED lighting, new black hinges and locks on all doors/windows are the finishes touches that make this home turnkey just in time for lake season! Don’t miss it this beautiful home that will be gone soon. Top rated Forsyth schools and lower taxes. Home sweet home!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1993
MLS Number
7371466
Location
Address
6020 Pilgrim Point Circle
City
Cumming
State
GA
Zip Code
30041
County
FORSYTH (County)
Listing
Provider
Community Partners LLC dba Keller Williams Realty, original listing
Name
Community Partners LLC dba Keller Williams Realty
Phone
(678) 341-7409
Office Name
Keller Williams Realty Community Partners
Office Phone
(678) 341-7400
Agent Name
Jennifer Anderson

Local Real Estate Expert

MD
Margaret Buell D'Ambrosi
Keller Williams Community Partners
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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.