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504 Hankins Rd
Rock Spring, GA 30739
$910,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
5351
Property Description
Nestled on a sprawling 13 acre estate down a private drive in the heart of Walker County, this magnificent all-brick five bedroom home is a haven of elegance and comfort. The massive master suite on the main level is a true retreat, with beautiful views of the wooded surroundings coming through its many windows, and gas logs to keep you warm in the cold winter months. The master bath has been fully remodeled featuring dual vanities, a jetted tub, and a custom tile shower. The master closet will blow you away with it's expansive size and custom-built storage system in place. The entire home boasts oversized and open living areas with fresh paint and generous storage throughout. The main level also includes an office, living room, sitting room, and a sunroom offering a serene space for relaxation. Dining options are plentiful with a formal dining room, a cozy breakfast room, and bar-top seating for four in the kitchen, complemented by extensive kitchen cabinetry and its own fireplace. Gas logs are also in the living room, along with a 250 gallon buried propane tank outside. Laundry is also on the main level. Upstairs are two additional bedrooms and a bonus room (which could be an additional bedroom), along with multiple oversized closets— all accessible via two separate stairwells. Outside, enjoy the in-ground pool with an all brick pool house and half bath, the natural spring pond with grass carp and bass, a fully fenced area for horses, storage barn, and a fully detached workshop. This workshop has two additional rooms plus a full bath with a shower and hot water heater, and provides abundant space for hobbies or storage! It's all brick, fully insulated with central heat and air, and features its own dedicated 250 gallon buried propane tank, a separate septic tank, 220 volt wiring, a roll up door, and is equipped to serve RV's with a dedicated power plug and septic dump access. So many new upgrades have been added to this home, including fresh paint, new carpet, new light fixtures, new faucets, nearly 200 LED lights throughout, newer HVAC units which were installed new (2020 and 2017), a new 30 year architectural roof was installed last year. The attic space is floored for additional storage. Peavine Creek runs closely behind the edge of this property, ensuring you'll continue to enjoy the privacy and unaltered enatural beauty surrounding your home. This property is a perfect blend of luxury, privacy, and functionality, ideal for those seeking a tranquil yet sophisticated lifestyle. Seller has an Assumable VA loan with a 3.125% interest rate- or ask about special financing options available to lower the interest rate through a preferred lender! Schedule your private showing today!
Property Information
Lot Size
12 acre(s) square ft
Property Type
Residential
Year Built
2000
MLS Number
1384518
Location
Address
504 Hankins Rd
City
Rock Spring
State
GA
Zip Code
30739
County
WALKER
Listing
Provider
Signature Brokers, LLC, original listing
Name
Signature Brokers, LLC
Phone
(423) 521-3476
Office Name
Better Homes and Gardens Real Estate Signatur
Office Phone
(423) 521-3476
Agent Name
Jeremy Callahan

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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.