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2408 Smith Drive
Loganville, GA 30052
$645,000
Conventional
Property
Bedroom
5
Bathroom
3
Property Type
Conventional
Square ft
2153
Property Description
HONEY, STOP THE CAR!!! This is it – THE property you have been waiting for!! It checks ALL the boxes!! 5 gorgeous level private acres! Ranch on a finished basement!! Beautiful, relaxing approx. 23 ft x 36 ft kidney shaped, salt water gunite pool with slide, waterfall, diving board, seat at the deep end & steps at the shallow end, plus pool house and covered area for cooling off/dining! All pool equipment is new since 2020 – that includes pumps, vacuum, and salt cell. Huge brick pizza oven – how fun for poolside entertainment!! * Need lots of storage? Have a home business like cars or trucks, carpentry, maybe even Etsy and need a big building for that? Well, it is ALL here! Huge 20 ft x 40 ft building plumbed for electricity is a blank canvas to suit your storage or home business needs with several hanging shop lights, roll-up door, standard entry door, and windows. Perfect too for hosting large parties or even family reunions! * Second 12 ft x 24 ft building (the HE shed) with pull-up door, regular door, and power! Third 8 ft x 12 ft storage shed (the SHE shed) also has power! Do you garden? The approx 8 ft x 10 ft greenhouse also stays and is on a cement pad! And don’t forget, you have all this PLUS a 3 car garage with 3 openers & hanging storage shelves that stay!! Plus a large extra parking pad & very long driveway for extra vehicles, RV, boat, etc.! * And what character this house has!! Step into a vaulted tiled foyer with wood beam and you will see a beautiful approx 24 ft atrium with 2 skylights plus a new light fixture * Spacious, vaulted w/wood beam formal dining room to your right with the first brick fireplace in the home * Separate office area also vaulted with wood beam, has other potential as well for dining (remember the “kids’ table” at family gatherings?), library/study area, play area for kids, etc. * Beautifully completely remodeled kitchen in 2019 views family room and has an abundance of custom wood cabinets, stainless appliances, 2 month old GE convection & airfrying oven, 3 level dishwasher, fridge stays, lots of leathered black pearl granite countertops, farmhouse apron front stainless sink plus a separate utility sink, big island with storage, breakfast bar, pendant lights * Bayed eating area w/ceiling fan * Warm, inviting family room with very high ceilings, wood burning stove & door leading to the relaxing, covered porch looking out over the pool and back of the property * Main floor is all Armstrong Pryzm LVP flooring * Master bedroom features trey ceiling w/ceiling fan, remodeled bath in 2019 w/skylight, double sink vanity, separate cabinet that stays, frameless tiled shower w/2 niches, plus large tiled walk-in closet beautifully organized! 2 more spacious bedrooms plus remodeled tiled hall bath w/large vanity & pocket door to the tub/shower area * Separate tiled laundry room w/cabinets * Finished basement has ceramic tile flooring throughout and is fantastic with its den w/2nd brick fireplace * Tiled game room with built-ins, under stairs storage closet, 2 big closets in the hallway w/recessed lights * 2 more large bedrooms w/ceiling fans, one w/built-in shelves on both sides of the window, extra large double closets * Plus full bath with barn door, frameless large tiled shower, big single sink vanity with quartz countertop and recessed shelves, linen closet * 2 large storage rooms off the hallway, built-in shelving stays * A third storage room off the game room w/cabinets & attached shelving, double utility sink, boat door, and is a great area for exercise equipment * Both HVACs and windows and doors replaced in 2018 * Roof replaced in 2019 * Lots of flower beds, azaleas, and crepe myrtles lining the long driveway only add to the beauty of this property * Watch: https://f.io/M976aJdS * Don’t miss out! Schedule your appt to see this one today!!!
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
1987
MLS Number
7381261
Location
Address
2408 Smith Drive
City
Loganville
State
GA
Zip Code
30052
County
WALTON
Listing
Provider
Chapman Hall Realtors, original listing
Name
Chapman Hall Realtors
Phone
(404) 236-0043
Office Name
Chapman Hall Premier, REALTORS
Office Phone
(770) 454-7840
Agent Name
Sandra Leonard

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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.