Home for Sale at 9570 Huntcliff Trace, Atlanta, GA 30350

9570 Huntcliff Trace
Atlanta, GA 30350

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Property Details

List Price:	$1,360,000
Beds:	4
Baths:	4
Status:	Active
SqFt:	4270
Agency:	Dorsey Alston, Realtors

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	1986
Notes:	The BEST YARD with BEST VIEWS from EVERY ROOM in the BEST HOUSE in Huntcliff. Gorgeous, NEWLY RENOVATED home ON THE GOLF COURSE with a FLAT WALK-OUT BACKYARD and a FINISHED BASEMENT on a 1 acre lot at the TOP OF THE HILL... Something nearly impossible to find! Renovated eat-in kitchen, with Quartz Counters, Subzero refrigerator and 100 bottle wine cooler and a Wolf range. Just renovated primary suite bathroom, secondary bathroom and half bathroom. New paint on the interior and exterior! Brand new basement waiting to be used that makes the perfect rec room or hang-out spot! Stunning 365-day, heated and cooled glass porch overlooking the golf-course and walk-out backyard! Family room with built-in bookshelves, gas log fireplace, open to the kitchen and the porch. Living room looks out to the Chattahoochee while the dining room looks out on to the golf course! Tons of natural light throughout the whole house! Brand new carpet on the entire second floor. Built-in office set up in one of the bedrooms for the perfect home office! California closet systems in three secondary closets. New garage door. New hot-water heater. New light fixtures throughout the entire house! Over an acre lot! All in fabulous Huntcliff community with swim, tennis, stables, clubhouse, private dock on the Chattahoochee, and private security!
MlsNumber:	7362359

Listing Provided By:	Dorsey Alston, Realtors, original listing
Name:	Dorsey Alston, Realtors
Phone:	(404) 352-2010
Office Name:	Dorsey Alston Realtors
Office Phone:	(404) 352-2010
Agent Name:	Jennie Wilson
Disclaimer:	Copyright Â© 2024 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