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117 Horseshoe Circle
Eatonton, GA 31024
Pam Walker with Coldwell Banker Lake Oconee, original listing - (706) 467-3181
$1,499,000
Conventional
Property
Bedroom
5
Bathroom
Full: 3, ½: 3
Property Type
Conventional
Square ft
4700 Square Feet
Property Description
Fantastic, Big Water Views of Lake Oconee with nearly 300 feet of shoreline with a Max Dock and deep water! This home has a dramatic feel from the moment you enter with cathedral ceilings, 2 story Stone Fireplace and a wall of windows on the lake side. The Living room opens to the large and lovely dining room on one side and connects to the kitchen and breakfast room on the other side. The kitchen is equipped with Wolf gas range, Electrolux refrigerator, Jenn-Air Oven, Asko Dishwasher and Wine Chiller. All of this, plus has wonderful counter space for the gourmet cook. There are hardwood floors throughout the main level, no carpet. Relax on the huge screened porch overlooking the lake. This custom built home has lots of room to spread out and be comfortable. The Primary bedroom is on the main level with lake views, spacious bath with 2 vanities, separate shower and jetted tub and 2 closets. There are 2 bedrooms with Jack n'Jill baths upstairs, along with a huge bonus-bunk-game room or huge 6th bedroom. The terrace level is perfect for an In-Law suite or guest space with kitchen, living, dining space, as well as 2 bedrooms and a full bath. There is also a covered porch with lake views. The terrace level has its own entrance from the outside, as well as access from inside the home. Adjoining the terrace level living space you find a separate hot tub and fitness room with a half bath overlooking the lake. There is a 2 car attached garage, a separate carport and a huge basement level workshop space that could be finished to add more living space to this home. Great location on the lake. Come make this your special home on Lake Oconee!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1994
MLS Number
--
Location
Address
117 HORSESHOE CIRCLE
City
Eatonton
State
GA
Zip Code
31024
County
PUTNAM
Listing
Name
Phone
(864) 630-7889
Office Name
Office Phone
(706) 467-3181
Agent Name
Pam Walker
Agency Phone
(706) 467-3181

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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.