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221 Lola Drive
Blairsville, GA 30512
$949,900
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
4534
Property Description
Welcome to the picture-perfect panoramic views of the North GA Mountains and Lake Nottely. This beautiful 4 bedroom/5 bath home sits on a hillside with 1.82 acres of breathtaking unobstructed views just minutes from downtown Blairsville. As you walk in your eyes will be instantly drawn to the soaring ceilings, and large windows. Enjoy the amazing views from the great room, kitchen, and the primary bedroom. The open floor plan and two large decks provide ample space to gather and relax. The main level primary bedroom is large with a sitting room, a gas log fireplace, a large on-suite, and access to the screened in porch. Also located on the main level is a 12+ formal dining room, a butler's pantry, and a spacious kitchen that flows out to the screened porch. The laundry room with sink and storage closets, as well as a half bath. The wide staircase leads you downstairs to the terrace level that boasts a fantastic split bedroom plan. There are two oversized bedrooms, two full baths and a one-half bath, a second main bedroom with on-suite with access to the terrace level covered patio. This home would be perfect for a multigenerational family. The terrace level also has a full kitchen, office space, rec room with fireplace, and large sliding glass doors that open to the walkout covered patio that overlooks the sights and sounds of nature's majestic beauty. This home has been remodeled and has a lot to offer. Come sit by the custom built firepit and explore the wonder, excitement and beauty of the North GA Mountains! A preapproval is required and will be verified before all showings. There is a security system and cameras on the property. All documents can be found in the agent document box on GAMLS and FMLS. On Supra box.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2008
MLS Number
403006
Location
Address
221 Lola Drive
City
Blairsville
State
GA
Zip Code
30512
County
UNION
Listing
Provider
Attorney Real Estate Associates, original listing
Name
Attorney Real Estate Associates
Phone
(770) 892-6167
Office Name
Attorney Real Estate Associates
Office Phone
(770) 892-6167
Agent Name
Laura Evans

Local Real Estate Expert

JC
Janice Callihan
Callihan Realty LLC
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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.