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9585 Hutcheson Ferry Road
Palmetto, GA 30268
$875,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4
Property Type
Conventional
Square ft
4623 Square Feet
Property Description
Welcome to this stunning, fully renovated oasis situated on 2.4 acres, just 3 miles from Serenbe and moments from Cochran Mill Park, home to over 20 miles of nature trails and multiple waterfalls along Little and Big Bear Creeks. This beautifully appointed brick home boasts an open-concept floor plan, finished terrace level, and modern finishes throughout. Upon entry, you're greeted by a spacious living area featuring vaulted ceilings with natural wood beams, hardwood floors, and oversized windows that frame stunning views of the surrounding greenery. The fireside living room, with its oversized brick fireplace, flows seamlessly into the dining room and kitchen. The remarkable kitchen features a stone-topped island with a breakfast bar and farm sink, white cabinetry, and stainless steel appliances, including a double oven, wine chiller, microwave, dishwasher, and refrigerator. The cooktop is enhanced by a natural wood vent hood, complementing the ceiling beams, open shelving, and wood fireplace mantel. The large primary suite offers a vaulted ceiling with wood accents and a spa-inspired bathroom, complete with a stone-topped dual vanity, oversized shower, and slipper tub. Three additional bedrooms, finished with equally stylish details, share two renovated bathrooms on the main level. The fully finished terrace level includes a second living area with a brick fireplace, an open flex space ideal for a game room, home office, or playroom, and a guest or in-law suite with an oversized bedroom, sitting area, and modern full bath. Outside, a large, peaceful deck overlooks the private, expansive yard with level grassy areas-perfect for entertaining, hosting events, or enjoying outdoor activities with family and friends as well as a chicken coop. This property offers ultimate privacy and a tranquil escape, with all the modern comforts just minutes from the vibrant community of Serenbe and less than 20 minutes from the airport.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1973
MLS Number
--
Location
Address
9585 Hutcheson Ferry Road
City
Palmetto
State
GA
Zip Code
30268
County
FULTON (COUNTY SOUTH)
Listing
Name
Phone
(770) 789-7548
Office Name
Office Phone
(404) 237-5000
Agent Name
Whit Collmus
Agency Phone
(404) 237-5000

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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.