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3391 Tuxedo Road Nw
Atlanta, GA 30305
Harvin Greene with Dorsey Alston Realtors, original listing - (404) 352-2010
$16,500,000
Conventional
Property
Bedroom
6
Bathroom
Full: 8, ½: 2
Property Type
Conventional
Square ft
20000 Square Feet
Property Description
Just so you know, this is my favorite house...This is your chance to own an original piece of art. This custom Scandinavian Modern Masterpiece was built in 2021 in the heart of Tuxedo Park. The home was designed and built by Siegel Construction and is sited on a premier 3+ acre lot adjacent to The Governer's Mansion. With 20,000 square feet of finished space the scale of the home is truly magnificent and the amazing design details create a warm and inviting atmosphere perfect for entertaining. Natural materials are used throughout, including a striking three-story blackened wood accent wall behind the main staircase. The great room offers a clear view through the open dining area, across the swimming pool, and into the expansive 3+ acre backyard. Large steel doors open to a covered outdoor living and dining area with radiant heated stone floors for year-round comfort. The kitchen stands out with two islands, dual ovens, and dual gas cooktops. The breakfast area leads to an outdoor kitchen with Kalamazoo Grill and Pizza Oven and dining area, while the attached family room boasts two glass walls overlooking the pool and lawn. Adjacent to the main kitchen is a pantry and a secondary professional grade catering kitchen, perfect for hosting events. The Owner's Wing on the main level is more than just a sleeping area. It includes two private home offices, one with a half bath and bar, large closet, and glass walls overlooking the backyard. The other office has a private terrace and safe room. The primary bedroom has an en suite bath with a freestanding concrete bathtub and a 13-foot wide shower with dual showerheads, a rain head, and a French door leading to a private patio. The upper level includes four generous bedroom suites. Each suite has unique architectural details, an en suite bath, and a walk-in closet. A large bonus/playroom connects the suites. The terrace level is a testament to the luxurious design of this home. It features a wine cellar reminiscent of a modern Napa Valley cellar, a 1,000-square-foot golf room with a TrackMan golf simulator and a putting green, and a home gym with a mirrored wall and dance rail. Steel doors lead to a serene outdoor yoga and meditation area, complete with heated cork flooring and an oversized shower. The level also includes a recently added in law suite with kitchen and laundry, a spa with a cold plunge, infrared sauna, and steam shower, plus an artist studio. Completely outfitted as a smart home with integrated security, lighting, sound and a full home generator.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2021
MLS Number
--
Location
Address
3391 Tuxedo Road NW
City
Atlanta
State
GA
Zip Code
30305
County
FULTON (NORTH ATLANTA)
Listing
Name
Phone
(404) 352-2010
Office Name
Office Phone
(404) 352-2010
Agent Name
Harvin Greene
Agency Phone
(404) 352-2010

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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.