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2883 W Roxboro
Atlanta, GA 30324
Adrian Schmidt with Engel & Volkers Atlanta, original listing - (404) 845-7724
$8,500,000
Conventional
Property
Bedroom
6
Bathroom
Full: 8, ½: 3
Property Type
Conventional
Square ft
15686 Square Feet
Property Description
Magnificent modern luxury lodge-style home in the heart of Buckhead. Automated entry gate & dense landscaping shield the home from street view, w/ a grand driveway that leads to a palatial entryway. Lush setting on +/- 2.5 gated acres makes a stunning arrival impression, more like Aspen, Lake Tahoe, or Jackson Hole than Atlanta. A combination of grand scale and understated, modern elegance and one-of-a-kind styleCa. designed to be intentionally different from other large luxury homes in Atlanta. Built in the style of the grand cedar chalets across the ski towns of North America and abroad, this home is a true Lindalao cedar home engineered with massive kiln-dried timber frames and structural beams that carry enormous loads across large clear-spans. These iconic structural elements allow for soaring ceilings on both main and upper floors, as well as in the show-stopper pool house. The current owner acquired the home as a shell in 2016 and built upon that legacy of authenticity, fully-completing it in 2020 with a vibe that offers a relaxed, gracious livability. The home has never been occupied on a full-time basis and still has a new-construction feel. A comprehensive third-party home-buyer warranty is included with the purchase. Six bedrooms are all zoned for privacy, w/ a sprawling main-level Primary Suite. The upper-level features 2 self-contained CapartmentC suites, each with high ceilings, full bath & laundry facilities. The guest suite above the garage is a self-sufficient living space, w/ large open living/dining room, spacious island kitchen & laundry. A third guest suite w/ private full bath completes the upper-level. The main level layout is ideal for both casual and formal affairs. Elegant geometry and wall expanses are the ideal canvas to display art and collectibles, while the clean lines of the modern kitchen and adjacent keeping room open to a dramatic +/- 4,000 SF fully-enclosed multi-purpose pool house. A high-capacity climate control system sets the stage for unlimited festivities, regardless of weather, and structural wood beam engineering allows for dramatic +/- 24CO ceilings & completely clear-span interior with no obstructions. Expansive deck space allows for huge gatherings and celebrations throughout the year. The grand indoor heated pebble-finish pool is approx. 70CO long and is equipped with dozens of jets, ceiling rainfall valves, fountain features & customizable lighting. The pool is joined by a resort-style 12-person hot tub with cascading water spillover. A full spa bath is only steps from the pool and features double vanities and a sauna. Note: pool house SF is not included in total home SF appearing above. For those more interested in collecting cars or pursuing other hobbies needing space, the pool house is also capable of serving different missions through reconfiguration. The adjoining garages include 2 separate bays for secure collector car storage, plus a 3-bay garage equipped with plumbing & climate-controlled storage. Large utility/laundry room mudroom area and elevator access to all 3 floors. Daylight terrace level offers a cozy home theater room, a luxury bar/dining area w/ Trueao refrigeration, a wine-tasting room w/ twin Mieleao dual-zone wine coolers, a ChiddenC speak-easy style bourbon room equipped w/ beer tap & fountain drink dispensers, a gym w/ rubber flooring and full bath w/steam shower. The terrace level also features a separate suite with finished space included for a large bedroom, living area w/ exterior exit, full luxe bathroom & wardrobe closet. Industrial-capacity whole-house generator included. Exceptionally strategic location in the Pine Hills section of Buckhead, considered a Chidden gemC among locals. Tree-lined peaceful streetscapes accompany great schools and easy access to shopping and services. A private oasis in the center of a community that is as strategically-convenient as it is visually-inviting and welcoming. Truly an opportunity for or
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2016
MLS Number
--
Location
Address
2883 W Roxboro
City
Atlanta
State
GA
Zip Code
30324
County
FULTON (NORTH ATLANTA)
Listing
Name
Phone
(404) 845-7724
Office Name
Office Phone
(404) 845-7724
Agent Name
Adrian Schmidt
Agency Phone
(404) 845-7724

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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.