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196 Sosebee Drive
Dahlonega, GA 30533
$1,250,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2368
Property Description
As you approach the gate, you see the lake nearly everywhere you look. This special waterfront property has 180+ degrees of view. Continue driving past the 3-car garage to the left, on to the drive under portico next to the main entry to the house. There is decking on 3 sides on the main level that are screened and covered on the rear. Everywhere you look feels like vacation and relaxation. This property has SO many details throughout. Be sure and look down from the stone steps to see the koi pond and the adjacent turtle in the sidewalk. So much thought has been given to outdoor space while you are enjoying the view of the water. The cozy cottage has beamed ceilings and true site-finished hardwood floors. The kitchen was recently remodeled with beautiful granite countertops, chef range, stainless appliances, a WARMING drawer, WINE cooler, white and gray cabinets and a gorgeous COPPER sink. The huge island offers additional seating so you wonCOt miss out on whatCOs happening in the living area while cooking. The master is on the main with large master bath. There are two additional bedrooms, with full bath and living space and a pot belly stove in the lower-level terrace level. DonCOt miss the wet bar and beverage refrigerator in basement. From the terrace level, walk out to covered deck with built-in bar for eating on the lower deck thatCOs great for parties or simply enjoying the view. Crawl into the hot tub on cool nights. When you need that additional exercise jump into the spa-pool/lap pool. Next to the lap pool is covered and screened deck room; a great place to hide away with a book or for an afternoon siesta. There are laundry connections upstairs and downstairs. SQUARE FOOTAGE with all living space including apartment is 3,437. Above the 3 car garage there is an efficiency apartment with its own amazing views with another screened porch. Inside is all new with gorgeous laminate flooring and new kitchen with granite counter tops and new bathroom. A great place for your guest, in-law suite or could be used as a rental. Next to the 3 car garage is a separate workshop with laundry connections. Don't miss the Generator on the side of the home. Just in case there is a power outage you can still have power. This property has extensive paved parking and a circular driveway. There is also a very nice screened chicken coop. The current owners have done loads of upgrades and everything is in impeccable condition. Property is turn key and ready for you to move in. Amazing location! Close to 400, Dahlonega and all the wineries, Dawsonville and the outlets, Gainesville with all the new restaurants and music concerts. The new hospital is approximately 4 miles away. Close to University of North Georgia.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1981
MLS Number
10253791
Location
Address
196 Sosebee Drive
City
Dahlonega
State
GA
Zip Code
30533
County
LUMPKIN
Listing
Provider
Atlanta Communities Real Estate Brokerage, LLC, original listing
Name
Atlanta Communities Real Estate Brokerage, LLC
Phone
(770) 240-2000
Office Name
Atlanta Communities
Office Phone
(770) 637-5070
Agent Name
Loretta Cole

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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.