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1040 Homestead Drive
Milton, GA 30004
$997,360
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
Charming 5.48 acre interior estate lot in exclusive estates gated enclave at The Homestead at Milton surrounded by tree lined views and offering a expansive building area on this lovely interior tree lined estate homesite. Formerly a meticulously maintained golf course with unparalleled beautiful parklike grounds exclusive estates, there is no place like home in The Homestead at Milton. Now opportunities are waiting for your new custom dream home estate on this special estate lot where you can bring your own plans and approved builder or build with our acclaimed architectural, design and award-winning building teams already involved the community. Located in the heart of Milton and surrounded by top schools, plentiful parks, great shopping and dining, awesome entertainment and recreation, easy communities and the opportunity to finally build your own customized resort styled living estate, what are you waiting for? Dues TBD and 10,000 initiation. The Milton area represents the best in American country living. The homestead at Milton is an exceptional new gated community of 30 luxurious homesites, from 3-10 acres, built on the former 180-acre Trophy Club of Atlanta golf course that has been meticulously landscaped and groomed for the past 3 decades. This extraordinary acreage is idyllic. With its pristine lake, gentle rolling hills, mature trees providing beautiful tree canopies, handsome arrival courts, classically inspired landscaping and architecture will ensure these one-of-a-kind homes will be destinations; they will not be competitive with one another, but rather confidently relaxed and independent. Separation, privacy, and visual respect will be essential drivers for each home design. Site planning guidelines will ensure compositions will never waver from what is important to the human eye. Beauty, proportion, balance, and graceful architectural solutions will all be the hallmarks of the Homestead at Milton.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Lots And Land
Year Built
--
MLS Number
7325484
Location
Address
1040 Homestead Drive
City
Milton
State
GA
Zip Code
30004
County
FULTON (COUNTY NORTH)
Listing
Provider
Berkshire Hathaway HomeServices Georgia Properties, original listing
Name
Berkshire Hathaway HomeServices Georgia Properties
Phone
(678) 352-3314
Office Name
New Homes Division
Office Phone
(678) 352-3314
Agent Name
Julie Gentry

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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.