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260 Iris Lane
Fayetteville, GA 30215
$549,900
Conventional
Property
Bedroom
3
Bathroom
5
Property Type
Conventional
Square ft
2210
Property Description
You will not want to miss out on this unique property sitting on almost 8 acres of beautiful, private land! Entering the property is an experience itself, you'll take a short drive through the scenic, green forest when you come upon the gorgeous brick & vinyl home featuring a BRAND NEW roof. You will first be greeted by the large, covered entrance porch that makes a statement on its own. As you step into the home, you'll be welcomed by the two-story foyer that flows into the large, open living room featuring a classic wood burning stove and an incredible view through two-story, floor-to-ceiling windows. Adjacent to it, the separate dining room awaits, offering an ideal setting for intimate gatherings. From the dining room, you will find the large kitchen, featuring custom cabinets, granite countertops, and stainless steel appliances. Off the kitchen is the fully equipped laundry room which includes a washer, dryer, separate sink, storage, and access to the garage. The master bedroom can be found on the main level along with its own ensuite bathroom. The double walk-in closets provide plenty of storage space, while the ensuite bathroom features a double vanity, soaking tub, and a separate shower. The master bedroom has direct access to the back deck. The gorgeous, large back deck is a true highlight as it wraps around most of the home, offering plenty of space for outdoor dining, relaxation, and enjoying the picturesque surroundings. Whether you're entertaining guests or simply unwinding after a long day, this deck provides the perfect backdrop for outdoor living. Ascending the stairs to the second level, you will find a landing that overlooks both the living room and foyer, adding an extra touch of architectural interest to the home's design. Upstairs includes two bedrooms with full bathrooms attached, closets, and one bedroom even includes a deck overlooking the backyard. Descend the stairs from the main floor to discover the lower level with endless possibilities. On the left is a theater room which includes all the equipment to make your movie night dreams come true along with an attached half bathroom. To the right, you will find a large bonus room that would be great for entertaining along with a cedar storage closet. To finish off the basement, there is also a separate workshop room with a garage door. In the workshop space, you will also find the Bosch Geothermal system great for conserving energy all year long! On the property, you can also find an adorable Koi pond with Koi fish that need some love. This unique home offers the accessibility to Fayetteville while maintaining the privacy and serenity that comes with living on almost 8 acres! Conveniently located, this property offers fast travels to shopping, restaurants, and parks as well as a short commute to Atlanta and the airport. Schedule a showing today and discover the endless potential of this incredible property!
Property Information
Lot Size
7 acre(s) square ft
Property Type
Residential
Year Built
1992
MLS Number
10284636
Location
Address
260 Iris Lane
City
Fayetteville
State
GA
Zip Code
30215
County
FAYETTE (SOUTH)
Listing
Provider
Keller Williams Realty Atlanta Partners, original listing
Name
Keller Williams Realty Atlanta Partners
Phone
(770) 632-1112
Office Name
Keller Williams Realty Atl. Partners
Office Phone
(770) 632-1112
Agent Name
The Glennie Group Inc

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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.

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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.