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1372 Ridgeway Road
Bogart, GA 30622
Stephen Smith with Coldwell Banker Upchurch Realty, original listing - (706) 543-4000
$1,249,900
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 2
Property Type
Conventional
Square ft
3987 Square Feet
Property Description
The American dream embodied in this 4 bed 3.5 bath country farmhouse on five meticulously maintained fenced acres. Covered porches overlooking a refreshing pool plus a built-in slide and a playground for the kids. This house is both mature and refined for the adults and a wonderland for the kids. In the coveted North Oconee High School, Dove Creek Middle School, and Rocky Branch Elementary School school system. The back porch is due West, so you'll have a gorgeous sunset in your private back yard. A two car detached garage with a lean-to is on the right side of the paved driveway. Open floor plan with a gorgeous kitchen island, custom cabinets, quartz countertops, and a spacious walk in pantry. In the main floor living area, there's a wood burning fireplace with ten foot ceilings and beautiful exposed wooden beams that connect seamlessly to the aesthetically pleasing black iron clad windows that look over the estate. There are stunning hardwood floors throughout the first two levels. The master bedroom and its walk-in closet sits on the main floor overlooking the pool and connects to the back porch. There's a clawfoot tub and an oversized shower that also steams in the master bath. Upstairs you will find 3 bedrooms all with beautiful views and two baths. One bedroom has a private bath and the other two bedrooms share a hallway bath. There's a completed basement with a full bed with a private bathroom, A bath, full kitchen with stainless steel appliances and LVP, and a gym. The basement leads out to your personal oasis that includes luxurious landscaping with welcoming hard scape surrounding the 20 x 38 salt water pool.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2016
MLS Number
--
Location
Address
1372 Ridgeway Road
City
Bogart
State
GA
Zip Code
30622
County
OCONEE
Listing
Name
Phone
(706) 543-4000
Office Name
Office Phone
(706) 543-4000
Agent Name
Stephen Smith
Agency Phone
(706) 543-4000

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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.