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1705 Lullwater Lane
Bogart, GA 30622
$1,295,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
3178
Property Description
This CUSTOM BUILT farmhouse, only two years old, is situated on EIGHT PRIVATE ACRES that back up to a serene creek at the end of a cul-de-sac in the coveted North Oconee District. The home boasts a charming rocking chair front porch and a large covered back porch that offers tranquil views of nature. Inside, the open floor plan features real hardwood floors and 10-foot ceilings with a white wood vaulted ceiling in the great room, complemented by glass French doors leading out the back covered porch. The main floor offers a split bedroom plan with a total of three bedrooms and three and a half baths. The kitchen is one of the highlights and perfectly located in the center of the home. You will have plenty of room for friends and family to join with a floor plan open to the designated dining space and great room. This kitchen has all you can ask for with Quartz countertops, cabinets extending to the ceiling for ample storage, a 36 inch dual fuel range with an additional wall oven, a pot filler, subway tile backsplash, farm sink with a glass washer, and a walk-in pantry with a window. Tucked away off the great room is a private room with a barn door and a window, perfect for an office, craft room, etc. This home offers an abundance of natural light and has two inch wood blinds on the front windows. On the right side, there is easy access to the mudroom with a glass French door located off the parking pad near the two car garage. The mudroom is equipped with lockers, an additional washer and dryer, space for a second refrigerator, a deep sink, and extra cabinetry. The split bedroom plan is wonderful for privacy having the master on one side of the home and the two additional bedrooms on the opposite side. The master suite has a glass door making it easy to access the back porch. The master bath offers a stand alone soaking tub, a walk-in shower with a frameless glass door, double vanities, and a walk-in closet with its own washer and dryer. Upstairs, a huge bedroom has a full bathroom, perfect for guests or additional family or office space. The home features exquisite custom details such as penny tile floors, bath tile selections, lighting, rough hewn wood mantel just to name a few. There is also a gas stub on the covered porch and patio. You will not run out of space with the unfinished basement that offers stub outs for two bathrooms and kitchen stub out as well. The potential to add more rooms, including playroom, game room, gym, etc. is endless making this property a perfect blend of luxury, comfort, and expansion possibilities. Dont miss out on an opportunity to own this much acreage with an almost new home!
Property Information
Lot Size
8 acre(s) square ft
Property Type
Residential
Year Built
2022
MLS Number
10303169
Location
Address
1705 Lullwater Lane
City
Bogart
State
GA
Zip Code
30622
County
OCONEE
Listing
Provider
Coldwell Banker Upchurch Realty, original listing
Name
Coldwell Banker Upchurch Realty
Phone
(706) 543-4000
Office Name
Coldwell Banker Upchurch Rlty.
Office Phone
(706) 543-4000
Agent Name
Tracie Hedges

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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.