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690 Bear Creek
Bogart, GA 30622
$650,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3585
Property Description
OPEN HOUSE Sunday March 24th, 1:00 to 4:00! Lake Life Living only 20 minutes away from Downtown Athens! Beautiful modern farmhouse on a basement in Bear Creek Estates with southern-style covered front porch, just across the street from Bear Creek Reservoir. This like-new home (less than 5 years old!) features high ceilings, beautiful flooring, an open-concept plan, and a master on the main level! In the kitchen you'll find a subway-tile backsplash, quartz countertops, a walk-in pantry, and a large island with seating. Just off the open kitchen is the the family room with wood-burning fireplace and views of the lake. Tucked off the back of the home you'll find the cozy screen porch looking out over the wooded back yard and fire pit. Back on the main level, you'll find the master bedroom, featuring lake views and a large walk in closet. In the master bath you'll find a double vanity and large walk-in tiled shower with frameless glass door. Upstairs are three secondary bedrooms with two bathrooms. One of the bedrooms has its own bathroom while the other bedrooms share a bathroom. In the daylight basement you'll find a large media/game-room with exterior access. There's also is a large amount of unfinished basement space, including a stubbed out bathroom and even storage space for a lawn mower and yard tools. The home is directly across the street from Bear Creek Estates pavilion which has kayak/paddle-board storage and direct access to the Bear Creek Reservoir, making this house a lake-life entertainment dream! Come make this beautiful home yours! OPEN HOUSE Sunday March 24th, 1:00 to 4:00!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2019
MLS Number
1014934
Location
Address
690 Bear Creek
City
Bogart
State
GA
Zip Code
30622
County
OCONEE
Listing
Provider
Robert Allen Real Estatw, original listing
Name
Robert Allen Real Estatw
Phone
(706) 510-5189
Office Name
Greater Athens Properties
Office Phone
(706) 510-5189
Agent Name
Cord Sibilsky

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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.