Home for Sale at 1007 S Candler Street, Decatur, GA 30030

1007 S Candler Street
Decatur, GA 30030

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Property Details

List Price:	$875,000
Beds:	5
Baths:	3
Status:	Active
SqFt:	2695
Agency:	CLICKIT REALTY, INC.

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1938
Notes:	Charming 1930s bungalow situated in City of Decatur! Fully renovated in 2022 this 5 Bed 3 Bath historic brick home includes a spacious terrace level studio apartment and one car garage. New roof just installed! Step inside and you will be greeted by an open concept living room and kitchen filled with natural light and original hardwood floors throughout. The chef's kitchen boasts a waterfall Calacatta Laza quartz island and ample cabinet space. The study is bathed in natural light with a panoramic view making it an ideal space for a home office or dining room. Next, you will find 4 spacious bedrooms including the primary bedroom with full bath and walk-in closet. Previously rented for $1,450 per month, the terrace level studio apartment includes a full kitchen, washer/dryer, and full bathroom and is highly adaptable with a separate entrance that can be used as an in-law suite, lucrative income producing unit, home office, or playroom. Tons of storage in both the garage and third level unfinished attic(~500 sq ft) with permanent stairs which could be a great bonus room. The expansive backyard is a perfect space for pets, entertaining, gardening or even a pool. The Location cannot be beat -- walking distance to Oakhurst Village, Downtown Decatur, Parks and top-rated schools(Winona Park , Beacon Hill Middle, Decatur High). Don't miss your chance to own this stunning home in one of the most sought-after neighborhoods in the city.
MlsNumber:	10302541

Listing Provided By:	CLICKIT REALTY, INC., original listing
Name:	CLICKIT REALTY, INC.
Phone:	(678) 344-1600
Office Name:	Clickit Realty Inc.
Office Phone:	(678) 344-1600
Agent Name:	Susan Ayers
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