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931 Champney
St Simons Island, GA 31522
$1,799,000
Conventional
Property
Bedroom
5
Bathroom
7
Property Type
Conventional
Square ft
6141
Property Description
Elegant Marshfront Home Spanning 6,141 sq ft, this meticulously designed estate by Larry Bryson features 5 bedrooms, 5 baths, and 2 half baths. Central to the home is a grand great room with a 25-foot custom mahogany fireplace and wall, complemented by 12-foot ceilings that extend throughout the rest of the home, enhancing its spacious and airy feel. A sophisticated wet bar, conveniently located between the expansive dining room and great room, is perfect for entertaining. The chef's kitchen boasts an island, wet sink, large KitchenAid refrigerator/freezer, induction burners, double ovens, and a Bosch dishwasher, further enhanced by a Butler's pantry. The primary suite on the first floor offers marsh views, a soaking tub, and a spacious shower with double shower heads, complemented by an extensive closet. The home's elegance is accentuated by plantation shutters, custom wood medallions, and exquisite crown molding throughout. A well-appointed office space features custom cabinetry, adding to the home's sophisticated charm. The sunroom provides tranquil views of the pool and landscape, creating a serene retreat. Outside, the property includes a U-shaped driveway with a fountain and a saltwater pool with a spillover fountain enclosed by a deer fence. The home's exterior brick was tuck-pointed in 2020, and the roof was replaced in 2018, ensuring both beauty and durability. This property masterfully blends robust construction with aesthetic excellence, epitomizing a harmonious combination of sophistication and comfort in a peaceful setting.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2002
MLS Number
1643792
Location
Address
931 Champney
City
St Simons Island
State
GA
Zip Code
31522
County
GLYNN
Listing
Provider
DeLoach Sotheby's International Realty, original listing
Name
DeLoach Sotheby's International Realty
Phone
(912) 638-0406
Office Name
DeLoach Sotheby's International Realty
Office Phone
(912) 638-0406
Agent Name
Susan Imhoff

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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.