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1351 Meriweather Drive
Watkinsville, GA 30677
Vonda Landrum with LGM L.L.C., original listing - (706) 353-6131
$915,000
Conventional
Property
Bedroom
5
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
4829 Square Feet
Property Description
Classic elegance and Southern tradition are the hallmarks of this gracious Jennings Mill estate. Welcomed by a horseshoe drive and traditional architecture with stately columns and pitched roof line, all enveloped by professional landscaping on the 2nd Fairway sets the stage for this exquisite statement home. Masterfully crafted and presenting a true formal design, this sprawling layout offers multiple living opportunities providing the perfect backdrop for family or entertaining. Feelings of grandeur succumb you as you're warmly received by the 2-story foyer appointed with judges paneling and a sweeping staircase to the 2nd level. Flanked by the formal dining room, hosting holiday feast will quickly become a favorite pastime. Let the hardwood floors guide you to the formal living room commanding your attention with cathedral ceilings and breathtaking views served by floor-to-ceiling windows. Just around the corner, and the heart of the home, is the chef's kitchen. Adorned with every amenity, the kitchen boasts sprawling granite counters that overflow to the island with vegetable sink, features an abundance of custom cabinets for max storage options, built-in desk area to keep you organized, pantry with shelving system, complete appliance package the list goes on! The kitchen effortlessly lends space to the sunroom-designed breakfast room, perfect for casual dining or enjoying your morning cup of coffee. Interacting with family or guests is made easy with the expansive, vaulted-ceiling great room. Room for all, this mighty living area is appointed with built-in shelving flanking the wood-burning fireplace and seamlessly transitions to the outdoor patio. Continuing with the theme of an entertainer's plan, tucked away off the great room is an oversized rec. room perfectly suited with a wet bar and custom billiards light fixture. Whether you enjoy hosting game day parties, seeking the ideal game room, or in need of a little flex space, this multifunctional space is ready to serve. Privately tucked away in its desirable location, on the main, the owner's suite presents a peaceful retreat that was enhanced to ensure total relaxation. This primary suite is perfectly complimented with immense space for large furniture and a sitting area, tray ceiling, double closet withy shelving, and an opulent ensuite bath. Truly spa-inspired, this superior lavatory is upgraded to the max including - a showcase Whirlpool tub, heated floors, extended wrap-around vanity featuring dual-sinks and tons of custom-cabinet storage, private water closet and separate tiled shower. Ascend the stairs to find 4 accessory bedrooms and 2 full baths. One of the bedrooms provides the perfect teen or guest suites featuring a private vaulted-ceiling bedroom with ensuite bath. The fantastic space continues to expand over the 3-car garage where an oversized bonus room that currently serves as a gym awaits. The spectacular amenities transition to the exterior where you can take in a little fresh air, host BBQs on the double patio or just enjoy the lovely setting this .89 acre lot has to offer. This total package is complete with an unsurpassed location to Hwy. 316, Epps Bridge Shopping, the Oconee corridor and Loop 10. Southern charm, and gracious living in Athens/Oconee coveted Golf Course community
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2000
MLS Number
--
Location
Address
1351 Meriweather Drive
City
Watkinsville
State
GA
Zip Code
30677
County
OCONEE
Listing
Name
Phone
(706) 353-6131
Office Name
Office Phone
(706) 353-6131
Agent Name
Vonda Landrum
Agency Phone
(706) 353-6131

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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.