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570 Ramey Mountain Road
Hiawassee, GA 30546
$645,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2304
Property Description
BEAUTIFULLY UPDATED LAKE HOUSE!!! Look no further, this priced to sale charmer will be gone before you know it! Located on Lake Chatuge, enjoy all 4 seasons of this wonderfully appointed home with scenic views of the lake that can be enjoyed from the main floor, heated deck, or hot tub! With a double split driveway, this home comes with one of the biggest and flattest lots in the area on 1.49 acres. That means a spacious yard that is perfect for entertaining or having a cozy evening around the fire pit, while the rest of the family relaxes under the nearby custom gazebo. It's an outdoor lover's dream! Huge bottom floor is fitted to have a guest suite built in (Airbnb it out or studio Apartment for extra income). Over 20-foot garage door installed for stowing your boat along with room for 2 cars or your RV (Electrically wired for a 30 AMP). The main floor is fitted with a gorgeous front porch that is incredibly spacious. The interior of the home is updated with a "modern farmhouse style" that can be seen with barn doors throughout, beautiful exposed wood beams across the high vaulted ceilings (adding to the openness of the space) and upgraded fixtures. The kitchen is remarkably furnished with floating shelves and track lighting. Appliances are like new! Huge living area with beautiful stone framed gas fireplace that can be controlled with an easy click of a remote. Updated flooring throughout the entire house and unique touches through and through. The main floor has its' own large deck that is equipped with a grill and a desirable view of the lake! This floor also has a guest suite with a built-in closet and a full bathroom. Head downstairs to a flex room that can be made into an office or workout room. This room opens up with large sliding glass doors to another covered deck that can be included with a hot tub to enjoy all year round! There's also an additional spacious room on this floor that can easily fit 2 queen sized beds; can be used as another guest suite, playroom, or a man cave! This room includes a large closet along with another full bathroom that is updated throughout, so the opportunities are endless. Head upstairs to the very top floor to enjoy the incredible master suite with vaulted ceilings decorated with wooden beams! Extremely spacious walk in closet through barn doors with built in shelves throughout. The master suite has its' own beautiful private sunroom and custom heated floors. This room has the best view of the lake through 360 glass windows that flood the area with natural sun light. Beautiful modern farmhouse styled master bathroom with double vanity and shiplap walls come with the master suite as well. A giant walk in shower and a vanity goes perfectly with the magnificence of this master suite. Request a showing TODAY because this beautiful lake house will be gone tomorrow!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1987
MLS Number
7326124
Location
Address
570 Ramey Mountain Road
City
Hiawassee
State
GA
Zip Code
30546
County
TOWNS
Listing
Provider
Georgia Associated Realty, original listing
Name
Georgia Associated Realty
Phone
(404) 585-7355
Office Name
Method Real Estate Advisors
Office Phone
(404) 476-8171
Agent Name
Amanda Kim

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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.