Home for Sale at 2122 Covered Bridge Drive, Braselton, GA 30517

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2122 Covered Bridge Drive
Braselton, GA 30517

Lori Cable with Chateau Elan Realty, original listing - (770) 307-4031

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Property Details

List Price:	$1,899,800
Beds:	6
Baths:	Full: 6
Status:	Active
SqFt:	6366 Square Feet
Agency:	Chateau Elan Realty
Agency Phone:	(770) 307-4031

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Description/Comments

Lot Size:	0 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	2022
Notes:	ONE YEAR OLD BEAUTY CUSTOM BUILT BY PROFILE SIGNATURE HOMES/DACK JOHNSON. This Modern Farmhouse themed masterpiece is on one of the premier lots in Covered Bridge with protected greenspace on TWO sides. Nothing but lush landscaping and beautiful hardwoods can be seen from the main level windows, the covered porch with fireplace, and the lovely patio enhanced by magnificent hardscaping and landscaping. Extremely open floor plan boasts a vaulted great room with beamed ceiling and natural stone fireplace to the ceiling. Magazine-worthy kitchen has 12'X 5' one-level island with more custom cabinetry than anyone could ever want, a farm sink, quartz countertops, and a massive, walk-in pantry with two entrances! White washed finished-on-site hardwood floors throughout entire main and second levels. NO carpet! Main level study is vaulted and has built in shelving and cabinetry. Dreamy master bedroom has access to covered porch with fireplace. All secondary bedrooms upstairs include private bathrooms with high-end finishes and ENORMOUS walk-in closets. (Must see to believe!) Loft area upstairs is great for guests or kids to have their own TV/hangout space. Another large family/TV room and bedroom suite in the terrace level. Tremendous storage remains. All AV is WIFI equipped and remains with the property. PELLA windows and doors! Spray foam insulation saves big time $$ on energy bills. 5" plantation shutters. Zoysia sod on all four sides. Re-use water meter. Spectacular lighting fixtures are everywhere you look. The Sellers hate to leave but need to downsize. This extremely private, almost new, custom built home is truly a rare opportunity in Chateau Elan!
MlsNumber:	--
ListingId:	7442859

Listing Provided By:	Chateau Elan Realty, original listing
Phone:	(770) 318-5028
Office Phone:	(770) 307-4031
Agent Name:	Lori Cable
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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