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1689 Nebo Road
Dallas, GA 30157
Paula Caruthers with Fayetteville Office, original listing - (770) 719-9400
$1,075,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
4533 Square Feet
Property Description
Rare opportunity to own a custom home on 31 acres in a location convenient to everything! Just two miles to Nebo Elementary School, this craftsman-style home built in 2017 offers 4,533sf, 4 bedrooms, three baths with massive open living area and customized touches throughout. Step though the double-front doors from the rocking chair porch and imagine the possibilities - the large dining area features a focal wall with hand-painted art and wood plank trey ceiling and adjoins the greatroom with domed metal ceiling, stacked stone fireplace and built-in bookcases. A striking stacked stone breakfast bar is the highlight of the eat-in kitchen featuring custom cabinetry, granite countertops, a farmhouse sink, stainless steel appliances with wine cooler and walk-in pantry. The impressive primary suite is huge and features two-story vaulted wood plank ceilings with plant ledge and ensuite double vanities, large shower, custom tile work and spacious closet. Step through the bathroom into the perfect spot for your home gym. There are three additional bedrooms on the main floor with two sharing a jack-and-jill bath and the other most recently used as an office. Upstairs features 1518sf of endless possibilities with four large rooms and a full bath - office, extra bedrooms, a game room, theater, man cave - make it what you need. An enormous covered porch with stacked stone fireplace, vaulted wood ceiling and two open patios offers the perfect place to enjoy family and friends with serene vista views. The property is fenced and cross-fenced and features a stocked pond with dock, tractor shed, and huge metal building previously used for hay storage.
Property Information
Lot Size
31 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2017
MLS Number
--
Location
Address
1689 Nebo Road
City
Dallas
State
GA
Zip Code
30157
County
PAULDING
Listing
Name
Phone
(770) 570-8184
Office Name
Office Phone
(770) 719-9400
Agent Name
Paula Caruthers
Agency Phone
(770) 719-9400

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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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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.