Home for Sale at 613 Masters Drive, Stone Mountain, GA 30087

613 Masters Drive
Stone Mountain, GA 30087

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Property Details

List Price:	$620,000
Beds:	5
Baths:	6
Status:	Pending
SqFt:	4680
Agency:	Realty Associates of Atlanta, LLC.

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1993
Notes:	This is a stunning lakefront property that offers a once-in-a-lifetime opportunity to live in a home with incredible views of Stone Mountain and a golf course. As soon as you enter the home, you'll be impressed by the open floorplan. The living room, dining room, and two-story family room with ample natural light are all visible from the front door. The breakfast area, kitchen, and sunroom are also easily accessible from the family room. The sunroom is a bright and airy space with several windows that lead to a large deck. The master suite is enormous and features a sitting area/study with built-in bookshelves, as well as an oversized master bath with his and her vanities and a bidet. The suite also boasts his and her closets. The additional bedrooms on the second level have their own bathrooms and can easily accommodate a queen-size bed. There is a guest bedroom on the main level with a full bath. The finished basement is massive and includes a wet bar and plenty of space for entertaining guests. The party can continue outside on the patio with a full view of the lake. Additional rooms in the basement include a bedroom with a full bath, an office, and two bonus rooms.
MlsNumber:	7364759

Listing Provided By:	Realty Associates of Atlanta, LLC., original listing
Name:	Realty Associates of Atlanta, LLC.
Phone:	(404) 235-8900
Office Name:	Realty Associates of Atlanta, LLC.
Office Phone:	(404) 235-8900
Agent Name:	James Walton
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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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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