Home for Sale at 25 Jade Point, Newnan, GA 30265

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25 Jade Point
Newnan, GA 30265

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Property Details

List Price:	$2,495
Beds:	3
Baths:	3
Status:	Active
SqFt:	2109
Agency:	Keller Williams Realty Atlanta Partners

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Rental
Year Built:	1988
Notes:	Prime Location! This recently renovated residence is nestled in the desirable Newnan/Sharpsburg area. Step into your inviting home featuring a spacious front porch, perfect for lounging and enjoying the outdoors. Upon entry, a generous great room awaits, complete with a cozy fireplace and French doors leading to a sprawling covered back patio and fenced yard. Adjacent to the entry is the charming breakfast dining area and a brand-new kitchen boasting sleek stainless steel appliances. Conveniently situated off the kitchen is a two-car garage, while downstairs amenities also include a guest/half bath and a laundry closet. Ascend the staircase to discover the serene primary bedroom alongside a luxurious new primary bath featuring a soaking tub and tiled shower. Continuing along the hall, you'll find newly renovated hall bath and secondary bedrooms, one of which offers an additional bonus room ideal for an office or versatile living space. Revel in the absence of carpet in all living areas, replaced with freshly installed LVP laminate flooring, while the staircase provides a touch of warmth with plush carpeting. Outside, enjoy the spacious fenced yard situated on a peaceful cul-de-sac and note garage has acces to storm shelter in place, just one of the many enticing features that make this property a true haven to call home! (More Pictures coming soon!)
MlsNumber:	10313629

Listing Provided By:	Keller Williams Realty Atlanta Partners, original listing
Name:	Keller Williams Realty Atlanta Partners
Phone:	(770) 632-1112
Office Name:	Keller Williams Realty Atl. Partners
Office Phone:	(770) 632-1112
Agent Name:	Dennisse Barton
Disclaimer:	Copyright Â© 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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