Home for Sale at 2701 Newborn, Mansfield, GA 30055

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2701 Newborn
Mansfield, GA 30055

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Property Details

List Price:	$1,299,900
Beds:	3
Baths:	Full: 3
Status:	Active
SqFt:	3080 Square Feet
Agency:	RE/MAX Around Atlanta Realty
Agency Phone:	(404) 592-5750

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Description/Comments

Lot Size:	16 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	2014
Notes:	Experience the allure of this remarkable property, set on 16.53 acres of beautiful, wooded land in a highly sought-after area of Morgan County. This rustic and stylist beauty exudes warmth and charm, starting with a spacious family room that features wide plank pine hardwood floors, a soaring vaulted ceiling, and a stunning floor-to-ceiling stacked stone fireplace. The open-concept design flows seamlessly into a custom eat-in kitchen with keeping room, featuring granite solid surface countertops, bespoke cabinetry, stainless steel appliances and updated pendant lighting making this a truly unique culinary space. The master suite is conveniently located on the main floor, offering a generous sized bedroom and a luxurious ensuite bathroom with a walk-in stone tile shower, garden tub, and custom his-and-her vanities and closets. Upstairs, you'll find two additional bedrooms and a full bath, perfect for guests or family. Step outside from the master bedroom or kitchen to a charming covered porch, which overlooks the breathtaking Pebble Tec heated saltwater pool. The outdoor space is an entertainer's dream, complete with a beautifully landscaped pool area and a versatile pool house and firepit. A 30 x 40 metal barn enhances the property, offering space for your camper, boat, ATVs, and more. The barn includes a cozy living area with a bedroom, full bath, kitchen, and loft, providing the perfect guest quarters or additional living space. Located just minutes from I-20 and a short drive to Madison, this property provides the perfect blend of privacy and accessibility. Schedule your tour of this remarkable property today!
MlsNumber:	--
ListingId:	10384845

Listing Provided By:	RE/MAX Around Atlanta Realty, original listing
Phone:	(404) 592-5750
Office Phone:	(404) 592-5750
Agent Name:	Sherry Terrell
Disclaimer:	Copyright © 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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