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4574 Whitestone Way
Suwanee, GA 30024
$3,199,000
Conventional
Property
Bedroom
6
Bathroom
9
Property Type
Conventional
Square ft
11453
Property Description
This estate home within the gated community of THE RIVER CLUB is located on the Greg Norman premier private championship golf course and is situated on the par 3 fifth hole, visible from tee to green! You will enjoy vista views of the course from every room on the back of the house. This property will capture you from the moment you arrive via the circular driveway and enter through the double Castle Entry iron doors. The two story foyer with a sweeping staircase and dome ceiling is a magnificent welcome to an open and flowing floor plan. A paneled library with fireplace and built-in bookcases makes for a handsome home office or quiet space. The banquet sized dining room is serviced by a Butler's pantry and offers room for large gatherings. The center of the home features a Grand Salon with soaring two story trey ceilings showcasing a Schonbek crystal chandelier. Enjoy a large and open kitchen space with a walk-in pantry, oversize center island, breakfast room, and built-in workstation. The adjoining keeping room has a stone fireplace and large floor to ceiling windows. The elegant main level owner's retreat is a beautiful space with a large spa bath and walk-in closet. The upper level offers 4 en-suite bedrooms each with a private bathroom and large closet space. There is also a generous loft area offering the perfect place to hangout. The tranquil atmosphere of relaxation and retreat will welcome you to the impressive terrace level complete with theater, billiards room, full bar with large walk-in pantry, wine cellar, an office/in-law suite with large cedar-lined closet including custom cabinets and shelves, plus full bath with shower. Bonus - very large and well planned storage area. Outside living is at its best with a Pebble-Tec salt water heated pool, spa, and waterfalls, all inviting you to enjoy the outdoors surrounded by a beautiful Bluestone terrace. A poolside fireplace will cater to your resort-like experience year round. There are two covered porches to enjoy as well as ample open space. This magnificent home was built by Robert Wilkins Homes and offers the highest quality of craftsmanship throughout. Many more features and details for you to discover, including a 3-car garage with drive-through portico and electric car charger, 5 fireplaces and your own irrigation well!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2004
MLS Number
7264368
Location
Address
4574 Whitestone Way
City
Suwanee
State
GA
Zip Code
30024
County
GWINNETT (NORTHWEST)
Listing
Provider
Ansley Real Estate Christie's International, original listing
Name
Ansley Real Estate Christie's International
Phone
(404) 480-4663
Office Name
Ansley Real Estate| Christie's International
Office Phone
(770) 284-9900
Agent Name
Kayc Carper

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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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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.