Home for Sale at 430 Hamburg State Park Rd, Warthen, GA 31094

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430 Hamburg State Park Rd
Warthen, GA 31094

Becky Vinson with Atlanta Communities, original listing - (404) 844-4977

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Property Details

List Price:	$799,000
Beds:	3
Baths:	Full: 2
Status:	Active
SqFt:	2477 Square Feet
Agency:	Atlanta Communities
Agency Phone:	(404) 844-4977

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Description/Comments

Lot Size:	114 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1974
Notes:	Property includes approximately 114.44 acres with brick home in Warthen near Hamburg State Park. Wooded, undeveloped property includes pine trees (@20 years old), some hardwoods, a pond and food plots for hunting. Land has frontage on both Hamburg State Park Road and Highway 102. 10 year land covenant in place that ends in April 2025 and can be continued by buyer. Great investment for a large tract of land with a home attached. Buyer responsible for all due diligence. Trees have never been cut on the property. Seller has signed contract for first thinning. This could be a great investment for someone looking for hunting land, recreational property, or timber revenue. Solid brick ranch home, built in 1975, offering spacious living! This versatile property boasts a formal living room and a separate dining room for entertaining or family gatherings. The kitchen includes a dedicated eat-in area, perfect for casual meals, while the large family room/den features built-in bookcases. Three bedrooms and two full baths. A huge bonus room with its own private entrance from the back of the house provides endless possibilities—ideal as a playroom, craft space, or home office (includes oven and utility sink). Additional amenities include a carport, a cozy patio for outdoor relaxation, and ample storage with a room off the carport and a separate outdoor shed. While the home could use some cosmetic updates, its solid structure and excellent layout make it a fantastic opportunity.
MlsNumber:	--
ListingId:	7512256

Listing Provided By:	Atlanta Communities, original listing
Phone:	(404) 218-7152
Office Phone:	(404) 844-4977
Agent Name:	Becky Vinson
Disclaimer:	Copyright © 2025 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.

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