Home for Sale at 80 Rountree Road, Riverdale, GA 30274

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80 Rountree Road
Riverdale, GA 30274

Telmo N Bermeo with Americas Network Realty Group, Inc., original listing - (404) 855-3070

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Property Details

List Price:	$600,000
Beds:	3
Baths:	Full: 2
Status:	Active
SqFt:	1624 Square Feet
Agency:	Americas Network Realty Group, Inc.
Agency Phone:	(404) 855-3070

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1947
Notes:	Escape to this peaceful rural retreat, where rustic charm meets modern comfort. This inviting 3-bedroom home is nestled on a tranquil property, complete with a guest house, expansive garden, and an orchard of fruit trees, offering both beauty and self-sufficiency. The main house features an open, light-filled living space with exposed wooden beams, warm hardwood floors, and a cozy fireplace. The spacious kitchen is perfect for cooking with fresh ingredients from your own garden, and the adjoining dining area opens to a large deck, ideal for outdoor entertaining or simply enjoying the views of the surrounding countryside-style living.<br /> <br /> The guest house provides a private haven for visitors, with a comfortable living area, and bedroom. For wellness enthusiasts, the property offers a sauna and a dedicated fitness room,a massage room, providing a perfect space to unwind and stay active. The greenhouse ensures year-round access to homegrown vegetables, herbs, and flowers, while the established fruit trees offer an abundance of seasonal produce.<br /> <br /> The property is fully fenced with gated entry, ensuring privacy and security while giving you a sense of exclusivity. Whether you're looking for a peaceful getaway, a family home, or a retreat with the potential for self-sustainable living, this rustic gem provides everything you need and more.
MlsNumber:	--
ListingId:	7488656

Listing Provided By:	Americas Network Realty Group, Inc., original listing
Phone:	(770) 309-6417
Office Phone:	(404) 855-3070
Agent Name:	Telmo N Bermeo
Disclaimer:	Copyright © 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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