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1471 Centennial
Rutledge, GA 30663
Kelly Lanier with Breco Realty & Investments, original listing - (706) 342-3355
$899,000
Conventional
Property
Bedroom
5
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
4056 Square Feet
Property Description
Rustic Charm Meets Modern Day Luxury. Welcome to this beautifully restored historic farmhouse on 4 acres, perfectly located just 10 miles from historic downtown Madison. Built in 1891, this home captures the rustic elegance of its era while integrating modern amenities for today's comfort. Original Features include original heart pine floors and tongue-and-groove beadboard ceilings which run throughout the home, preserving its timeless appeal. The first floor is adorned with sliding pocket doors, ceiling fans, chandeliers, and multiple fireplaces, creating a warm and cozy atmosphere. Step into a welcoming foyer with high ceilings and heart pine floors that lead into the oversized living room featuring a fireplace. Bi-folding French doors add to the home's inviting charm. The dining room features a built-in china cabinet and window seat bench. The Primary Suite sits on Main Floor. This spacious primary bedroom includes an en suite bath with an oversized tiled shower double vanity and beautiful tile floors. A fireplace, chandelier, and walk-in closet add a touch of luxury. Recently remodeled, the kitchen offers custom cabinetry, quartz countertops, and oversized island. Enjoy serene views of the backyard from the family room, which opens onto an oversized deck perfect for outdoor entertaining and relaxing. Family room also includes an additional half bath. The main level also features a Second Bedroom & Full Bath ensuring convenience for guests or family members. The upper level features three additional bedrooms, each exuding character and charm, along with a full bath and fireplace. Enjoy sweeping views of the lush holly bushes, hydrangeas and pecan trees from the veranda. The home features two large inviting porches, one of which is screened for comfort with access to the Primary suite. A 16 x 20' storage barn offers ample space for a shop or endless other possibilities! The barn is rough plumbed and spray foam insulated for comfort. The house has been upgraded with new energy-efficient windows, new plumbing and electrical systems, and spray foam insulation throughout. The 2 yr old architectural shingled roof ensures peace of mind. Brand new HVAC has separate upstairs and downstairs units to maintain perfect comfort throughout the home. A 400-foot drilled well, along with an option for public water and sewer, provides reliable access. A new, energy-efficient tankless water heater supplies the entire home. Spray foamed attic and bonus room space. Situated on 4 acres of picturesque land in Morgan County, this property includes a pecan orchard, and a mix of hardwoods and pines. Just Two miles off I-20, this property is just 50 miles east of downtown Atlanta, and a mere three minutes from the beautiful Hard Labor Creek State Park. Its location offers both a peaceful retreat and easy access to nearby amenities. This 1891 farmhouse, with its blend of historic charm and modern conveniences, is the perfect home for those who appreciate the character of a nostalgic era amidst a tranquil, nature-filled setting. There is an option to purchase an additional 8.15 acres.
Property Information
Lot Size
4 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1891
MLS Number
--
Location
Address
1471 Centennial
City
Rutledge
State
GA
Zip Code
30663
County
MORGAN
Listing
Name
Phone
(706) 342-3355
Office Name
Office Phone
(706) 342-3355
Agent Name
Kelly Lanier
Agency Phone
(706) 342-3355

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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.