Home for Sale at 150 Valley Road, Athens, GA 30606

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150 Valley Road
Athens, GA 30606

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Property Details

List Price:	$850,000
Beds:	4
Baths:	4
Status:	Pending
SqFt:	3553
Agency:	Coldwell Banker Upchurch Realty

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	2015
Notes:	Perfectly sited in the highly coveted Five Points community is this spectacular Craftsman style home with so much to offer! Less than ten years old, this modern two-story manor features hardiplank siding, a covered front porch, two car garage, and private backyard. The exterior lawn is landscaped with pine straw and plants to present a perfectly manicured yard. The interior has just been freshly painted, filled with new carpets, and offers ample natural light, gleaming hardwood floors, and plenty of storage space. The spacious great room is open and has a beautiful stone fireplace. The chefs kitchen boasts dark granite counters, a subway tile backsplash, stainless steel appliances, and a sizable island with bar seating. A formal dining room is nestled in the front of the house with drop-in lighting and enough space to serve all your household meals. Located on the main level is the substantial owners suite with its own deluxe ensuite bathroom and walk-in closet. Upstairs you will discover three additional household bedrooms, a bonus room, and two more full bathrooms including a jack-and-jill between two rooms. Also upstairs is a populous loft area that would make a great office, playroom, or flex space. Out back is a private yard with a grilling deck and plenty of room to garden or play. A new HVAC system was installed in early 2024. This tremendous home is located just a few minutes from an abundance of shopping, dining, and entertainment in the heart of Five Points or Beechwood!
MlsNumber:	10289411

Listing Provided By:	Coldwell Banker Upchurch Realty, original listing
Name:	Coldwell Banker Upchurch Realty
Phone:	(706) 543-4000
Office Name:	Coldwell Banker Upchurch Rlty.
Office Phone:	(706) 543-4000
Agent Name:	Jennifer Westmoreland
Disclaimer:	Copyright Â© 2024 Georgia Multiple Listing Service. 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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