Home for Sale at 840 River Trace Court, Suwanee, GA 30024

840 River Trace Court
Suwanee, GA 30024

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Property Details

List Price:	$950,000
Beds:	5
Baths:	5
Status:	Pending
SqFt:	5088
Agency:	Georgia Associated Realty

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Description/Comments

Lot Size:	2 acre(s)
Property Type:	Residential
Year Built:	2002
Notes:	HIGHLY SOUGHT AFTER SOUTH FORSYTH'S RIVERMIST SUBDIVISION - within the LAMBERT SCHOOL DISTRICT! Five Bedrooms and 4.5 Bathrooms Home with a Full Finished Basement sits at the end of a quiet CUL-DE-SAC on a 2-ACRE Lot with a fenced backyard and 200 FEET OF PRIME CHATTAHOOCHEE RIVER FRONTAGE. The family room with built-in bookcases opens to an eat-in kitchen with direct access to an expansive deck with a screened porch. Features include an open-concept floor plan, an office on the main floor, a formal living room, a formal dining room with wainscoting and trey ceiling, hardwood flooring, crown molding, and high ceilings. On the second floor, you will find the Master Bedroom with his and her closets and three generous Secondary Bedrooms (one with an en suite). On the terrace level, you will find a versatile space boasting a kitchenette area, bathroom, bedroom, living area, and exercise room. Whether hosting guests in style or providing a private sanctuary for extended family, this area offers endless possibilities. Take advantage of the extra storage space in the unfinished portion. Step into the backyard and enjoy the tree-flanked, professionally landscaped, fenced backyard. The family room has soaring floor-to-ceiling windows that allow you to capture views of the tree-lined backyard and seasonal views of the Chattahoochee River! Peace and tranquility are all yours with this fabulous property! Fish, Canoe, and kayak from your backyard. This one is EXCEPTIONALLY SPECIAL. Swim and tennis community amenities include tennis, swimming, basketball, pickleball, a playground, a cabana, and access to the Chattahoochee River. Your "Staycation" awaits! It is conveniently located near shopping, dining, and GA-400. Recent updates include a freshly painted exterior (2023), new A/C and Furnace units (2023 and 2024), new Windows (2023), and a new Water Heater (2024). $6,000 in Lender Concessions with Preferred Lender, Riley Egan w/ Align Financial LLC to help alleviate closing costs or to buy down your interest rate.
MlsNumber:	7395985

Listing Provided By:	Georgia Associated Realty, original listing
Name:	Georgia Associated Realty
Phone:	(404) 585-7355
Office Name:	Method Real Estate Advisors
Office Phone:	(404) 476-8171
Agent Name:	David Rasche
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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or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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