Home for Sale at 909 Rickman Airfield, Clayton, GA 30525

909 Rickman Airfield
Clayton, GA 30525

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Property Details

List Price:	$649,900
Beds:	3
Baths:	5
Status:	Active
SqFt:	2701
Agency:	Harry Norman, Realtors Luxury Lake and Mountain

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	2020
Notes:	This rustic, contemporary timber-framed mountain cabin was constructed in 2020 and offers a beautiful blend of rustic architecture with modern fixtures and finishes. While the property is not waterfront, Stekoa creek flows at the base of the driveway and the babbling sounds can be heard from the covered outdoor living spaces. Step inside to a great room with vaulted ceilings, hardwood floors, a modern kitchen with stainless steel appliances, and a main living area complete with wood-burning stove and french doors leading to the covered porch. Ample natural light fills the space. The owner's suite located on the main level offers french doors leading to the porch along with a master bath with steam shower, and double vanities. A mudroom with laundry and half bath complete the first floor. On the upper level, you'll find a loft library overlooking the great room and a guest suite with private bathroom. On the lower level, you'll find a spacious secondary living area, bonus room currently used for storage/home gym, another half bath and a separate studio style living space complete with second kitchen with a private entrance. This property is located less than 10 minutes from Downtown Clayton and is within close proximity to Tallulah Gorge State Park, Black Rock Mountain State Park and our local luxury lake communities.
MlsNumber:	10276715

Listing Provided By:	Harry Norman, Realtors Luxury Lake and Mountain, original listing
Name:	Harry Norman, Realtors Luxury Lake and Mountain
Phone:	(706) 212-0228
Office Name:	Harry Norman REALTORS
Office Phone:	(706) 212-0228
Agent Name:	Sarah Gillespie
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.

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