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6191 Colham Ferry Road
Watkinsville, GA 30677
$1,799,000
Conventional
Property
Bedroom
6
Bathroom
5
Property Type
Conventional
Square ft
5738
Property Description
Welcome to Oconee County living at its finest! Nestled on a secluded 38 acres, this gated estate boasts the main house, a large, detached shop, and a private, seven-acre lake with its own dock. The property embraces natures beauty and tranquility with scenic views, mature trees, wildlife, and plenty of recreational space. The meticulously maintained home was built in 2017 and offers an impressive layout. As you approach the house, note the architectural details, abundant windows, and cozy front porch. The thoughtful design is evident as you enter the home and walk through the coffered ceiling living room with fireplace to the north wing, where you will find two bedrooms and two baths. The spacious primary suite overlooks the lake and opens to a large porch. The ensuite bathroom has elevated double vanities with a separate tub, glass shower, and large closet featuring a custom organization system. The gourmet kitchen is complete with granite countertops, modern appliances, ample countertop space, island, and breakfast room. A large eat-in counter stretches the length of the kitchen, which overlooks the vaulted keeping room and warm fireplace. Go either direction towards the screened-in porch or back porch to view the pristine lake and take in the peaceful sounds of nature and fresh air. The formal dining room is set up perfectly for family and friends to gather around for a meal or game night. Upstairs, you will find a lovely library landing and three generous bedrooms. The large first bedroom suite overlooks the lake. The second and third bedrooms are sizable with a Jack-and-Jill bathroom. Step into the large bonus area for a game room or playroom. The basement has an additional finished 1,493 sq. ft. that currently includes an additional game room with a ping pong table, gym, living room with fireplace, office, and a full bathroom. There is an equal amount of unfinished space in the basement for storage. Every detail of the home speaks of quality craftsmanship and thoughtful design. The open and inviting living spaces seamlessly connect, providing an ideal environment for family gatherings and entertaining guests. The bedrooms are flooded with natural light, providing cozy sanctuaries for rest and relaxation. The master suite offers a luxurious escape with its well-appointed en suite bathroom and picturesque views that overlook the lush estate. The 2,300 sq. ft. detached shop is two-stories, equipped with a garage door , and ready for storage or conversion into animal spaces. Stepping outside, the property invites exploration and enjoyment. The expansive acreage offers opportunities for various outdoor activities, from leisurely strolls along nature trails to creating a garden oasis. Whether you are captivated by the idea of fishing on your shared lake or simply savoring the beauty of the changing seasons, this property offers an unparalleled experience of countryside living with the conveniences of high-speed internet, AT&T fiber-optic, and Direct TV Streaming services. This is a perfect opportunity to own an estate that has been lovingly cared for and is now ready to embrace new owners in warm and inviting spaces.
Property Information
Lot Size
38 acre(s) square ft
Property Type
Residential
Year Built
2017
MLS Number
10258419
Location
Address
6191 Colham Ferry Road
City
Watkinsville
State
GA
Zip Code
30677
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
Stephen Smith

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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.