Home for Sale at 186 Felton Circle, Athens, GA 30605

186 Felton Circle
Athens, GA 30605

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Property Details

List Price:	$1,500,000
Beds:	5
Baths:	7
Status:	Active
SqFt:	7507
Agency:	Coldwell Banker Upchurch Realty

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Description/Comments

Lot Size:	29 acre(s)
Property Type:	Residential
Year Built:	1998
Notes:	Welcome to 186 Felton Circle in Athens, Georgia. This recently renovated 5 BR, 5 BA and 1 half-bath home also has an impressive detached contemporary inspired pool and pool house with fantastic light-filled living space, kitchen, full bathroom as well as resort-like outdoor kitchen and bar entertainment area. Situated on the east side of Athens, this property sits on over 29 acres of beautiful rolling land with hardwood trees that offer a secluded mountain vibe just minutes from downtown. Gated and private, a long gravel road leads to a circular drive in front of the main house and adjacent pool / pool house. A lovely traditional brick home with newer touches like metal roof, porch columns and welcoming walkway to wide front porch all lead to open foyer area and formal dining room. Soaring ceilings over the large living areas with impressive stone fireplace with both lower and upper glass windows flooding these spaces with warm natural light. Rich oak hardwood floors throughout public areas of the home anchor the spaces and give an added layer of interest and functionality. Custom built-ins for storage and decorating run through home. Semi-open light and bright renovated kitchen with beautiful solid surface counters, custom backsplash and lots of cabinet storage as well as peninsula bar seating and office space all serve as a focal point. The kitchen looks out on spacious family room that can also accommodate a secondary dining table area with expansive views of the beautiful woods beyond through banks of windows. Large screened porch off back of house is perfect for gathering or dining. Private primary suite with gorgeous spa-like bathroom has separate water closet and deep walk-in closet with window. This bedroom also has french doors leading to additional deck at back of house with exterior stair access to back yard and trails. Additionally, there is another spacious main floor bedroom on opposite side of home with beautiful ensuite bathroom and exterior exit. Full custom laundry room / utility space with a multitude of cabinets, solid surface counters and drop zone adjacent to generous two-car garage. Plenty of storage. Lovely newer contemporary wood and metal railing staircase lead to second level spaces. Two private bedrooms with attractive and renovated ensuite bathrooms as well as a voluminous bonus room on this upper level. Large storage areas. Lower terrance level has large living area with fireplace and dining area, full kitchen, big bedroom and bathroom, half-bath, bonus room as well as two additional rooms that can serve as storage or flex spaces. Interior and exterior access. Impressive pool house is light and bright with a large entertaining space with high ceiling, banks of clerestory windows, beautiful fireplace, custom woodwork, kitchen with bar seating and full designer bathroom. Plenty of storage here too. Expansive outdoor kitchen / bar perfect for entertaining around the pool accented with custom solid surface counter top and covered areas featuring bar seating, recessed lighting and overhead fan. Beautiful stone fireplace, patios, sitting areas, walkways and pool surround as well as completely fenced perimeter. Lap pool is lovely and relaxing. Green flat roof on pool house. Additional out buildings for storage. This entire property is tranquil and perfect for buyers looking for peace and quiet in a private setting yet close to town. Very quick drive to Barnett Shoals shopping, dining and The University of Georgia campus. Additionally, there are 16 acres with large pond and screened entertainment structure adjacent to this property that can be purchased separately.
MlsNumber:	10269233

Listing Provided By:	Coldwell Banker Upchurch Realty, original listing
Name:	Coldwell Banker Upchurch Realty
Phone:	(706) 543-4000
Office Name:	Coldwell Banker Upchurch Rlty.
Office Phone:	(706) 543-4000
Agent Name:	Ross Vaughn
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