Home for Sale at 823 DOGWOOD Lane, Augusta, GA 30904

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823 Dogwood Lane
Augusta, GA 30904

Ross Trulock with Blanchard & Calhoun - Evans, original listing - (706) 868-1000

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Property Details

List Price:	$799,000
Beds:	4
Baths:	Full: 2, ½: 1
Status:	Active
SqFt:	2974 Square Feet
Agency:	Blanchard & Calhoun - Evans
Agency Phone:	(706) 868-1000

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1952
Notes:	Come check out this unique opportunity to own acreage in the middle of town! Available to the public for the first time in decades is this mid-century modern charmer on coveted Dogwood Lane. Situated on a maturely landscaped 1.7 acre tract, you will find yourself immersed in a private natural paradise. The property was originally 3.5 lots, and has subdividable potential. The main house is a modern style marvel, with great windows and spacing. The restful wing consists of 4 large bedrooms and 2 full baths. Each room is accentuated by beautiful windows looking out into natural surroundings, has great space, and plenty of closets. The hall bathroom walls are totally tiled to bring in that mid-century flare. The entertainment wing offers a formal dining room, office/den, and large family room. This expansive family room is perfect for gatherings, with a wood burning fireplace and wall full of windows that spill out onto a stone patio. The two wings are separated by a foyer and kitchen, with laundry and utility rooms as well. The second structure on the property was previously a storage shed and greenhouse. With a little bit of work it would be perfect for a guest house, she-shed or man cave. Also on site is a kidney shaped gunite pool, originally 12 feet deep, with a diving board and open pool cabana. The entire property is draped in mature landscaping and privacy offering you the true feeling of ''living on acreage''. All this is located on one of Augusta's prettiest streets and in the heart of the Forest Hills Neighborhood community. Call today to discuss the many options this home has to offer.
MlsNumber:	--
ListingId:	533029

Listing Provided By:	Blanchard & Calhoun - Evans, original listing
Phone:	(706) 267-1269
Office Phone:	(706) 868-1000
Agent Name:	Ross Trulock
Disclaimer:	Copyright © 2024 Greater Augusta Association of Realtors. 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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