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2747 Sutherland Bluff Drive
Townsend, GA 31331
$2,950,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
5317
Property Description
3 buildable lots of record nestled on 5.82 acres of pristine river front, deep water property. This stunning residence boasts a private deep water dock, ideal for water enthusiasts or just enjoying the breathtaking sunsets. The main house has 4 bedrooms, 4 full baths, 2 generous living areas, a formal dining room, spacious open eat-in kitchen, large front porch overlooking the grounds and a wraparound rear porch with summer kitchen and plenty of space to dine al fresco or just lounge enjoying the expansive marsh and river views. With high ceilings and large windows that offer unobstructed views of the lush marshes and picturesque river, this residence is undeniably captivating. There is also a quaint guest house with an open kitchen/living space, 2 spacious bedrooms and 2 full baths above a single garage and large workshop. Adjacent to the guesthouse lies a serene garden enclosed by a white picket fence, safeguarding your produce from the friendly deer that roam the grounds. The architectural details further enhance the enduring appeal of the property, with soaring custom-built windows, cathedral ceilings, and mesmerizing river views from nearly every room. The open-air covered parking area can easily transform to a venue for a grand dinner party or special events with family and friends. This property is indeed ideal for all generations and promises to delight anyone who enjoys privacy and the beauty of the Georgia coast. The Sutherland Bluff neighborhood can be found along the stunning coastline of Georgia, nestled alongside the Sapelo River and adjacent to the scenic Sapelo Hammock Golf Club, situated halfway between Savannah and the Golden Isles. This neighborhood boasts an array of amenities, including a community dock that provides access to the Atlantic Intracoastal Waterway, the Atlantic Ocean, the deep waters of the Sapelo River, and the nearby barrier islands. In addition to this, the neighborhood features a pool, clubhouse, fitness center, and two regulation tennis/pickleball courts. From the array of community amenities to the option of becoming a golf or social member of the Sapelo Hammock Golf Club, there is an abundance of activities.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
1994
MLS Number
1645330
Location
Address
2747 Sutherland Bluff Drive
City
Townsend
State
GA
Zip Code
31331
County
MC INTOSH
Listing
Provider
DeLoach Sotheby's International Realty, original listing
Name
DeLoach Sotheby's International Realty
Phone
(912) 638-0406
Office Name
DeLoach Sotheby's International Realty
Office Phone
(912) 638-0406
Agent Name
Micki Carter

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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.