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437 Riverbend Lane
Bogart, GA 30622
$779,999
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3000
Property Description
10,000 closing costs for buyers closing before July 15th! Do you love nature and riverfront living? Prime location, new construction on the Middle Oconee river and across the street from Bear Creek reservoir, outdoor enthusiasts will have plenty opportunities for fishing, kayaking and canoeing right at their doorstep. Community amenities include a one mile sidewalk loop, 10 acre community park with hiking trails, beach and gazebo. This custom home sits on 1.44 acres with a large, flat backyard allowing plenty of room for a pool or outbuilding. Inside you will an open concept floor plan, abundant natural light and stunning river views. The kitchen is well appointed with professional grade appliances, oversized island, granite counters and walk in pantry. Dining room features cedar beamed ceiling, access to vaulted rear porch and hardwood floors. Living room with floor to ceiling stone fireplace, cedar beamed ceiling and river views. Vaulted back porch features tongue and groove wood ceiling and wonderful sounds of the flowing river. The primary suite on the main level boasts a walk in shower, freestanding tub, double vanities and a large walk in closet with custom shelves. There is an additional bedroom with an ensuite bath on the main level. Upstairs you will find 2 additional bedrooms, full bath and an oversized bonus room, all with seasonal river views! This home is tucked away in a cul de sac that backs up to the community park which offers additional privacy. Conveniently just a few miles from a brand new Publix, and 15 minutes to downtown Athens or Epps area shopping, you will find Riverbend at Bear Creek in the best part of fast growing Jackson county.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2024
MLS Number
7347209
Location
Address
437 Riverbend Lane
City
Bogart
State
GA
Zip Code
30622
County
OCONEE
Listing
Provider
HomeSmart, original listing
Name
HomeSmart
Phone
(404) 876-4901
Office Name
HomeSmart
Office Phone
(404) 876-4901
Agent Name
Amy Husfeld

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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.