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70 Cabin Ct
Ellijay, GA 30540
$939,900
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
2838
Property Description
Peaceful and Serene Riverfront Property! Perfectly positioned on the shores of trout stocked, Mountaintown Creek; this serene and spacious cabin is surrounded by the sweet sounds of rushing water. You'll be enticed by the cabin's majestic views, quality build and comfortable luxury. Formerly featured on The Parade of Homes, this Satterwhite log cabin was built in 2019 and offers 3BD, 3.5BA (a bed and bath on every level) and an office area that would make an ideal bunk room! The property is active in the short-term rental program and is offered turnkey furnished with a few exclusions. The perimeter walls are Engelmann Spruce with dove-tail corners and hand-hewn exterior. The interior is finished with a combination of woods including Aspen, Blue Ponderosa Pine, Spruce, Cedar, Circle San Yellow Pine and Knotty Pine. The focal point of the great room and main level wrap-around porch is a beautiful, stacked stone, 2-way fireplace! The exterior is striking and offers a wrap-around main level deck that has been enhanced with copper colored metal roofing and a large lower deck. Both decks have great views of the river and the newly constructed firepit. You will enjoy views of a variety of wildlife (especially deer)! The interior is highlighted with an open concept living area featuring a large kitchen with island and KitchenAid appliances, dining area and great room with soaring ceilings. Upstairs is a loft with brand new pool table. Downstairs you'll find another living space with a shuffleboard table. The cabin comes equipped with fiber optics internet, generator, tankless water heater, gutter guards and 2-zone HVAC. Coosawattee River Resort is an amenity rich, gated community offering access to river parks, 3 pools, fitness center, pickleball courts, tennis and an 18-hole miniature golf course. Downtown Ellijay and Blue Ridge and all they have to are offer are a short drive away! Schedule a showing before this one is gone!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2019
MLS Number
403234
Location
Address
70 CABIN CT
City
Ellijay
State
GA
Zip Code
30540
County
GILMER
Listing
Provider
Engel & Volkers Atlanta, original listing
Name
Engel & Volkers Atlanta
Phone
(404) 845-7724
Office Name
Engel & Volkers Atlanta
Office Phone
(404) 845-7724
Agent Name
Cheryl Skebe

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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.