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120 Walker Ridge
Ellijay, GA 30540
$529,900
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2832
Property Description
Privacy & tranquility abound from this gorgeous mountain retreat in the Mountains of North GA. Nestled in the woods of the Apple Capital of GA on +/- 5.82 private acres, this retreat is complete with all furnishings, seasonal long range views, a natural setting with an abundance of wild life, fruit trees & gorgeous terrain. From the time that you leave downtown Ellijay & head up Chatsworth Hwy into the beautiful mountains, you can feel the worries & stress of everyday life disappearing in your rearview mirror. Situated in a beautiful community, Sluder Place, 120 Walker Ridge has everything that you would want in a mountain getaway. This cabin has been well maintained & loved through the years. Built in 2007, you will enjoy modern conveniences along with the privacy & nature that this property provides. When you ascend the front steps to the covered porch & enter the home, you are met with soaring tongue & groove ceilings, a Vermont Casting wood burning stove w/ a stone hearth, hardwood floors & french doors that lead to a wrap around deck that spans the back of the house. The deck is complete with cable rails that will not impede the view of the property. This thoughtfully laid out cabin has the primary suite on the main level, guest rooms & bath upstairs & a full unfinished basement w/ drive under garage & workshop below. Features of this property include newly renovated kitchen w/ Hickory cabinets, stainless appliances, gas range, gorgeous granite countertops, stainless farm sink, pantry, dining area w/ bay window, primary suite w/ vaulted, beamed ceiling, french doors to private deck area, garden tub, water closet, hickory cabinets, large walk-in closet, 2 guest bedrooms up, one BR w/ bay window, central vacuum system, hardwood floors throughout, full daylight basement stubbed for a bath, large laundry room & mop sink, new insulation, alarm system & more. Seller has a line already run for a generator.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
2007
MLS Number
403568
Location
Address
120 Walker Ridge
City
Ellijay
State
GA
Zip Code
30540
County
GILMER
Listing
Provider
BHHS Georgia Properties - Midtown, original listing
Name
BHHS Georgia Properties - Midtown
Phone
(404) 266-8100
Office Name
BHHS Georgia Properties - Midtown
Office Phone
(404) 266-8100
Agent Name
Jodi Patterson

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Janice Callihan
Callihan Realty LLC
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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.