Home for Sale at 3338 Hackmatack Drive NW, Kennesaw, GA 30152

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3338 Hackmatack Drive Nw
Kennesaw, GA 30152

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Property Details

List Price:	$549,999
Beds:	4
Baths:	3
Status:	Active
SqFt:	2395
Agency:	Atlanta Communities Real Estate Brokerage

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Description/Comments

Lot Size:	2 acre(s)
Property Type:	Residential
Year Built:	2000
Notes:	This adorable home does not disappoint. From the fabulous open foyers that leads into the open concept kitchen/family room with separate dining<br /> and wonderful home office this home delights. Private guest suite or movie room with full bath on main. Separate pantry and kitchen level parking make the grocery haul a breeze. Home has many upgraded features from hardwood floors to beautiful granite countertops and white cabinets. Lighting updates and natural sunlight make this home so peaceful. The spacious back yard with entertaining deck are all capped off by the HUGE<br /> private poured concrete pad that can be used for RV parking, kids bike/play area, basketball, extra parking for entertaining- so many options. Don't miss the extra space behind the back fence that is additional yard space! Garden, playfort, all kinds of fun awaits. The upstairs boasts 2 other secondary bedrooms and the owners suite with massive bathroom. Separate tub and shower and large closet space as well as the laundry room with an abundance of storage. Do not miss the HUGE basement that is ready to be finished to your desires. It is already stubbed for a bath and has easy access to the outside. Home features anew roof. Pet on premises. This home features a 2 car garage with high ceilings.
MlsNumber:	7395170

Listing Provided By:	Atlanta Communities Real Estate Brokerage, original listing
Name:	Atlanta Communities Real Estate Brokerage
Phone:	(770) 240-2001
Office Name:	Atlanta Communities
Office Phone:	(770) 240-2004
Agent Name:	Anthony Bowen
Disclaimer:	Copyright Â© 2024 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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.

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.

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