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3365 Preservation
Lilburn, GA 30047
Kathy Coots with Keller Williams Realty Atl. Partners, original listing - (678) 808-1300
$959,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
6244 Square Feet
Property Description
Nestled in the heart of Lilburn, this stunning home at 3365 Preservation Circle exudes elegance and charm. As you step inside, you're greeted by a 2 story foyer, spacious living room and formal dining room, perfect for hosting gatherings or creating a cozy retreat. The spacious living room features soaring ceilings and abundant natural light pouring in through floor-to-ceiling windows, and a fireplace creating a warm and open atmosphere. The gourmet eat in kitchen boasts Stainless steel appliances, ample cabinetry, and a generous island, making meal preparation a delight. Owner upgraded to 1000 CFM wall mount Fotile range hood with motion activation. The luxurious primary suite on the main level offers a serene escape with a spa-like en-suite bathroom, complete with his and her vanities, soaking tub and a walk-in closet. In 2024 the owners added an amazing addition features a bright and airy sunroom, an ideal space to enjoy your morning coffee or relax with a good book while soaking in the natural light, a third-car garage, offering ample space for vehicles, storage, or even a workshop and a full second owners suite on the upper level of the home complete with its own en-suite master bathroom that offers his/her vanities with Italian marble countertop, custom closet and custom 12kW SteamMist steam room with 4-way controls rain shower and shower jets. This home is perfect for multigenerational living, hosting guests, or simply providing a luxurious sanctuary with plenty of space and comfort. Additional 2 bedrooms with a full bath on the upper level provide comfort and flexibility for family or guests. Owner recently replaced the carpets with hardwood floors in all of the bedrooms . Alongside its impressive main level and thoughtful additions, in 2021 the basement was fully finished to elevate this property to a new level of versatility and convenience. The basement boasts a kitchen, making it ideal for hosting gatherings, creating a separate living space, or accommodating extended family. A full bedroom and bathroom provide a private retreat, perfect for guests or as a dedicated living area. Additionally, the basement offers a versatile space that can be tailored to suit your needs a media room, home gym, playroom, or office are just a few possibilities. Whether you're seeking additional functionality or a space for entertaining, the basement adds endless opportunities to this already remarkable home. Step outside to a beautifully designed back porch, perfect for relaxation or entertaining. The patio below offers a concrete slab with integrated drainage for year-round use. Enhancements include a custom retaining wall with steps, creating a visually appealing and practical transition to the backyard. For the ultimate relaxation experience, it is electrically wired for a hot tub, providing a private retreat in your own backyard. The outdoor space is completed by a fully fenced backyard and new 16 wired security cameras, offering both privacy and security. Whether it's for pets, play, or peace of mind, the fenced yard is an invaluable feature that enhances the home's appeal. New roof was replaced in 2021. Located in a sought-after neighborhood, this home combines timeless design with modern amenities, making it a must-see! Schedule your showing today.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2006
MLS Number
--
Location
Address
3365 Preservation
City
Lilburn
State
GA
Zip Code
30047
County
GWINNETT (SOUTHEAST)
Listing
Name
Phone
(770) 654-8972
Office Name
Office Phone
(678) 808-1300
Agent Name
Kathy Coots
Agency Phone
(678) 808-1300

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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.