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2555 Lynshire Lane
Snellville, GA 30078
Suzanne Burgner with Chateau Elan Realty, original listing - (770) 307-4031
$749,800
Conventional
Property
Bedroom
5
Bathroom
Full: 4
Property Type
Conventional
Square ft
3698 Square Feet
Property Description
Beautifully appointed home in the very desirable neighborhood of Montclair. This home is located in the highly sought-after Brookwood High School district. This three sided brick home has been exceptionally maintained and updated in many areas by the original owners. Upon entering the home, you immediately notice the extensive trim, arched cased openings and neutral walls. Flanking the foyer is a large dining room and a flex space that can be used as a study/home office/5 o'clock room- whatever best fits the needs of the next owner- both with floor to ceiling windows. The great room with its soaring ceiling has light flooding in through the back wall of windows that span the height of the room and allow for an unobstructed view of the back yard POOL. Built in custom bookcases and a marble surround fireplace add to the warmth and grandness of the space. Another arched cased opening leads you into the breakfast room and updated kitchen with a ledger stone feature wall and backsplash. Custom cabinets and hardware create a European feel that is the perfect backdrop for the at home chef who loves beauty as much as functionality. There is an additional area in the breakfast room that can be used as a desk or coffee bar with cabinets with antiqued mirror cabinet fronts. Double doors out of the breakfast room take you to a screened in porch with a sloped bead board ceiling and a deck that has plenty of sun and space to sit and enjoy views of your main level pool! Trees and a privacy fence surround you creating a back yard oasis. Read a book in a lounge chair. Take a dip in the pool. Watch the kids run in the grass. Grill some dinner on the smoker. Entertain friends and family in this amazing space. It is beautifully landscaped and is a slice of heaven at home! Entering back into the house, off the kitchen is a wood inlaid drop zone with hooks, storage baskets and bench- perfect for accomodating jackets, shoes, purses...whatever your family needs to drop at the back door. The laundry room across from the drop zone has cabinets and a built in folding station. The main level guest bedroom has hardwood flooring and a guest bath with a mirrored vanity and sliding shower/tub doors- one with a full mirror. The upstairs walkway is open to the great room below and has built in bookcases for storage or display. Through double doors you enter the oversized master bedroom suite with a private sitting room, tray ceiling and tremendous natural light. The master bath has a soaring vaulted ceiling, his and hers vanities with granite tops, a jetted tub and a seamless glass shower entry. Hard to find his and hers closets allow for ample storage and separation of purses and suits! The upstairs bathroom is updated with quartz countertops, new plumbing fixtures and new tile and the three secondary upstairs bedrooms are neutral with new carpet. The terrace level is the perfect spot to bring the entertaining indoors. The space has been finished with the same level of attention to detail as the upstairs areas. All of the rooms have tray ceilings and several have a custom stucco wall treatment. Play a game of pool in the billiards room or relax and watch a movie in the home theater area. Two additionally finished rooms can be used as flex spaces or purposed as needed. The finished full bath would allow for an additonal bedroom if needed just by adding a closet and with access to the exterior of the home, a multi generational family could use the space for private access in and out of the home. This home is a must see and is waiting for the next family to make as many wonderful memories in it as the current owners have done for their years of ownership.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1994
MLS Number
--
Location
Address
2555 Lynshire Lane
City
Snellville
State
GA
Zip Code
30078
County
GWINNETT (SOUTHEAST)
Listing
Name
Phone
(404) 202-9531
Office Name
Office Phone
(770) 307-4031
Agent Name
Suzanne Burgner
Agency Phone
(770) 307-4031

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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.