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8569 Jefferson Road
Commerce, GA 30529
Kristi Young with The Norton Agency, original listing - (706) 754-5700
$1,950,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4
Property Type
Conventional
Square ft
6147 Square Feet
Property Description
Your private country estate awaits! Hidden in the heart of downtown Commerce lies this one-of-a-kind home where custom details abound. Hardwood, parquet, brick and tile flooring flow throughout. A sunken Family Room boasts cedar beams, two-story stacked stone fireplace and a wall of windows that makes you feel at one with nature. Doors open out to a beautiful patio area with aged hardwoods for shade. An abundance of storage is found in the kitchen with solid surface counter tops, a built in buffet and an eat-in area perfect for family dinners. A formal Living Room/Dining Room area provides upscale entertaining spaces. The Primary Suite welcomes you in to a private sitting room with a stone fireplace, floor to ceiling pine shelving and a view that overlooks the Family Room. The suite includes sliding doors to a private balcony, multiple walk in closets, an oversized bath and additional rooms for storage. The partial basement was made for family and friends with a finished space that includes a living area with fireplace, wood mantle and built-in shelving, full Kitchen, full bath and a beautiful view of a second private patio. Fifty acres of combined open pastures and partially wooded spaces with a small creek near the back corner of the property. Live your perfect life in your own private retreat minutes from Interstate 85, an hour from Atlanta and an hour and a half from Greenville Airport. Property is enrolled in conservation use. Recently annexed into the city of Commerce. 121' of additional road frontage for future entrance. Gated property on a private road. Real estate sign is at entrance for a point of reference...please do not enter without an appointment. Members of LLC are licensed Georgia real estate agents.
Property Information
Lot Size
50 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1975
MLS Number
--
Location
Address
8569 Jefferson Road
City
Commerce
State
GA
Zip Code
30529
County
JACKSON (COUNTY)
Listing
Name
Phone
(706) 754-5700
Office Name
Office Phone
(706) 754-5700
Agent Name
Kristi Young
Agency Phone
(706) 754-5700

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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.