Home for Sale at 1111 Chartley Drive SW, Lilburn, GA 30047

1111 Chartley Drive Sw
Lilburn, GA 30047

« Prev

Property Details

List Price:	$425,000
Beds:	4
Baths:	3
Status:	Active
SqFt:	2336
Agency:	Bolst, Inc.

Map Details Show Map | Show StreetView

Warning: Invalid argument supplied for foreach() in /var/www/hudex/templates/importanthomescyphersvideo/html/com_propertylist/details/default.php on line 469

Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1980
Notes:	Introducing this beautiful, traditional brick home located on a quiet dead-end street in the sought-after Parkview High School district. As you enter, slip off your shoes in the light-filled entryway featuring hardwood floors. Off of the foyer, you'll find a formal living room, perfect for an office space, and a formal dining room for hosting dinners. The remainder of the main level boasts an updated half bathroom, a large laundry room, a cozy family room with a fireplace, and an updated eat-in kitchen. Bask in early-morning sunlight as you sip coffee by large windows overlooking an expansive backyard, complete with a creek and treehouse. You'll have the perfect space for grilling with the deck directly off of the kitchen, and, when the burgers are ready, you can let everyone know with the dinner bell by the back door. Upstairs, you'll find the primary suite, with quartz countertops and new flooring. Additionally, on the second floor are three secondary bedrooms and the second upstairs bathroom, which has a double vanity. The large, unfinished basement offers ample storage space. The home is nestled among the trees, so you may never need to leave, but, on beautiful days you might want to walk to one of the two nearby parks. You'll have walking trails, playgrounds, a dog park, and recreational fields and courts at your fingertips. The home is conveniently located with quick access to Highway 78, restaurants, shops, and less than 15 minutes to Stone Mountain Park.
MlsNumber:	7401916

Listing Provided By:	Bolst, Inc., original listing
Name:	Bolst, Inc.
Phone:	(404) 482-2293
Office Name:	Bolst, Inc.
Office Phone:	(404) 482-2293
Agent Name:	Rebekah Nation
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.

HudExchange.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

HudExchange.com is an Equal Housing Opportunity

- Pat. 7,813,958 - Pat. 7,958,007 - Pat. 8,046,258 - Pat. 8,073,737 - Pat. 8,190,476 - Pat. 8,195,514
- Pat. 8,306,856 - Pat. 8,412,576 - Pat. 8,510,165 - Pat. 8,825,527 -

Property Details

Map Details Show Map | Show StreetView

Description/Comments

Local Real Estate Expert

USHUD.com on the Go!

HUD Foreclosures

Foreclosure Listings Increasing