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4817 Carlene Way Sw
Lilburn, GA 30047
Denise Martin with Virtual Properties Realty. Biz, original listing - (770) 495-5050
$555,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4
Property Type
Conventional
Square ft
4392 Square Feet
Property Description
A KODAK MOMENT! Picture yourself in this large, spotless, move-in ready home. You will relish the comfort of this beautiful home in a tranquil park-like setting. The generous space and welcoming feel start with the large, landscaped yard and a huge rocking chair front porch. Pride of ownership shows in every inch of this home. It has been recently updated throughout and there is nothing left to be done, including home inspection and appraisal! The home has a brand-new concrete driveway and walkway. New Hardi-plank siding on the East side, new carpet, new paint to include entire inside & outside of home, new solid surface counter tops and sink. Hardwood flooring extends to most of the main level, terrace level great room, and landing. The country size kitchen has wainscoting below chair rail, double ovens, gas cooktop, wood beams, plenty of storage to include a wall of pantry cabinets, and a breakfast space larger than most formal dining rooms. The large great room has beautiful wainscoting, built-in bookcases, built-in wet bar, real brick fireplace and gleaming hardwood floors. The warmth of this room is irresistible! The over-sized sunroom with 3 skylights and natural wood tongue and groove ceiling is a great place to curl up with a good book overlooking the wonderful, private fenced backyard. The expansive view from this room gives sight to blue birds, cardinals, wrens nesting in the spring and autumnal foliage in the fall. The deck is accessible from the sunroom. Large family dinners can easily be accommodated in the formal dining room. The 2-story foyer with coat closet is very welcoming and there's still a formal living room, large king size guest bedroom with 2 closets and a full bath on the main level. The laundry room which is immediately off the entrance from the garage is very large and could easily be used as a "mud room". Master en-suite is king size with a large WIC, ceiling beams and wainscoting below the chair rail. The master bath has new solid surface counter and sink, an oversized jetted tub and a separate shower. ALL BEDROOMS can accommodate a king size bed. The terrace level in-law/apartment suite has a huge family room with hardwood floors, king size bedroom, 2 large WIC's, full kitchen with gas cooking, full bath, a nook area at the bottom of the stairs that could be a work from home spot, and additional storage space. This is a very comfortable living space for the expanded family which has a private entrance that can be accessed via a paved sidewalk on the East side of house or by coming down the stairs from driveway. Outside this space is a concrete patio and a covered storage area for yard tools/lawn mower. The backyard is fully fenced and is a very tranquil place to just sit and enjoy nature. All windows were upgraded for high efficiency, and they tilt out top and bottom for easy cleaning. The mechanicals are newer or still have lots of life left, roof inspected and good to go. There is a whole house fan, an air cleaner connected to HVAC, as well as a humidifier connected to the upstairs unit to increase comfort in the winter. There is a lot more storage with additional floored attic space in 2 separate areas; large enough that you could even finish more rooms if you desired. And, if all this wasn't enough, all the neighbors are amazing too! The house is located in a phenomenal area as it offers close proximity & convenience to most everything: Highway 78, area parks, schools, shopping, restaurants, hospitals, grocery stores, daycare; it's minutes to Stone Mountain Park and Yellow River Park. This is a non-HOA community that for a fee, offers Swim/Tennis, club house events, playground, & Yellow River access ($400 1st yr/$550 2nd yr., plus Yellow River access for $100 yr.). They don't build houses like this anymore & you will be highly upset if you miss the opportunity to snatch this jewel up. Thank you for considering this home!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1981
MLS Number
--
Location
Address
4817 Carlene Way SW
City
Lilburn
State
GA
Zip Code
30047
County
GWINNETT (SOUTHEAST)
Listing
Name
Phone
(770) 495-5050
Office Name
Office Phone
(770) 495-5050
Agent Name
Denise Martin
Agency Phone
(770) 495-5050

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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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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.