COLLINS HOLLOW MORGANTON, GA 30560

Features

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Facts

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Foreclosure Info

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Sale Type

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.

Description

STEAL! Lender Owned. Farm on the lake. Appraises for $2.37MM. 2023 Fully Renovated. Lender will raise the price $50k January 1st 2024 and every month thereafter until the list price equals the appraised amount. Jump on it while you can! Unique Find Indeed on Stunning Lake Blue Ridge...this timeless home is nestled on 6.5 +/- sub-dividable unrestricted acreage bordering 140 acres of US Forest Service.. It boasts 3 spacious bedrooms and 3 baths with spa feel features like antique claw foot tub & tiled shower, comfortable oversize great room with warm wood interior and massive stone fireplace, open dining area + darling breakfast nook just off of cheery kitchen with plentiful cabinets and antique stove, ornamental finishes and fixtures throughout, cozy den overlooking lake, master on main with private balcony, rocking chair covered porch, partial basement with great rec room, full bath and kitchen is great for entertaining or guest quarters, carports for the toys plus enclosed garage, fenced yard, patio leads to in ground and sparkling pool overlooking the majestic Mountain View, Star Creek and the lake, nearly 90' frontage on Lake Blue Ridge with private dock, potential for ultimate privacy, Gentleman's Farm or additional lots...rare opportunity! Priced significantly lower than appraised amount (report available in mls documents ).