Home for Sale at 392 Phillip Weldon, Milner, GA 30257

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392 Phillip Weldon
Milner, GA 30257

Lisa Moore with Southern Realty Group, original listing - (770) 227-1211

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Property Details

List Price:	$975,000
Beds:	3
Baths:	Full: 3, ½: 1
Status:	Active
SqFt:	3647 Square Feet
Agency:	Southern Realty Group
Agency Phone:	(770) 227-1211

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Description/Comments

Lot Size:	17 acre(s)
Garage:	Garage
Property Type:	Residential-Farm
Year Built:	1972
Notes:	Discover this stunning and unique Horse Ranch with a recently renovated house along with approx 17 acres in North Lamar County. This property is positioned perfectly with quick access to town and major highways. The main floor boast a spacious layout with renovated kitchen and new flooring througout. As you enter the living area one is able to view the gaze across the property through the floor to ceiling windows that allow plenty of natural light. Walking down the hall, you will find both the guest and master bedroom updated with new bathrooms. Enjoy the convenience of a full basement with a separate entrance, kitchen, and bathroom. Stepping upstairs there is a loft that is open to living area which is perfect for entertainment. Navigate to the outside to find two new decks, one off the master and another off the kitchen, each with stairs leading down to the expansive property. The ranch includes three barns: one equipped with six horse stalls, a tack room, and ample storage space. The second, is an open barn featuring an apartment complete with a bathroom, kitchenette, laundry room, office space. The final barn is a garage barn with a lean to for a tractor and supplies. With infrastructure and fencing in place, this property is ideal for equestrian enthusiasts. Don't miss out on this execeptional opportunity to own a well-appointed horse ranch. This property is being sold with approximately 17 +/-acres and is subject to all parties agreeing on a final survey.
MlsNumber:	--
ListingId:	10445263

Listing Provided By:	Southern Realty Group, original listing
Phone:	(770) 227-1211
Office Phone:	(770) 227-1211
Agent Name:	Lisa Moore
Disclaimer:	Copyright © 2025 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.

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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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing