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Snellville, GA

Snellville 4th of July- An American Celebration

Jamie Parker Snellville Realtor, Gwinnett Realtor: Real Estate Sales Person in Snellville, GA

Last nights fireworks were spectacular. Tons of locals enjoyed the carnival like atmosphere. There was face painting, slides for the kids, fire trucks for them to get in, and plenty of food and good company. Check out the pics and future video of last nights event.Sliding Fun

Festival in Snellville

July 4th Celebration in Snellville

Jamie Parker Snellville Realtor, Gwinnett Realtor: Real Estate Sales Person in Snellville, GA

First Baptist Snellville is hosting an American Festival. There are activities for all ages including a car show. Last years event drew thousands of people. My family and I had a great time last year. The festival lasts from 5-10 p.m. See you there.

Brookwood Solds for 1st 2 weeks in June

Jamie Parker Snellville Realtor, Gwinnett Realtor: Real Estate Sales Person in Snellville, GA
Residential Detached - Sold
RES ML# Status Address Area Map Subdivision BR Bath Year Built List Price Sale Price Activity Date
1 3888693 Sold 2322 IVY MOUNTAIN DR 64 792g1 Carrington Village 3 3/0 2005 $380,000 $315,000 6/3/2009
2 3777205 Sold 2151 Hidden Mill Run 64 744E7 Bridgewater 4 2/1 1986 $374,900 $361,000 6/2/2009
3 3886113 Sold 794 BRENTMEAD DR 64 744J4 FLOWERS CROSSING AT THE MILL 6 4/0 1997 $334,900 $335,000 6/9/2009
4 3837709 Sold 731 PROVIDENCE DRIVE 64 744E5 FLOWERS CROSSING 4 2/1 2000 $239,900 $230,000 6/1/2009
5 3835127 Sold 3605 Brookwood Run Ct SW 64 743H10 Brookwood West 4 2/1 1998 $235,000 $227,500 6/2/2009
6 3890835 Sold 1920 MILFIELD CIRCLE 64 744G7 KENSINGTON 4 2/1 1993 $214,900 $214,900 6/3/2009

They are plenty of fantastic deals as evidenced by the solds for the 1st two weeks of June.

Can a home be overpriced at $29,000?

Lane Bailey - REALTOR & Car Guy: Real Estate Agent in Lilburn, GA

Here's a winnerI wandered out to look at some investment properties this afternoon… One of the properties was priced at $29,000… in a neighborhood of $100,000+ homes. In fact, this very home had sold for over $110,000 in the last couple of years.

Could it be overpriced at $29,000?

Yep.

The funny thing is that the wholesaler says it needs like $12,000 in repairs… Maybe if you pick up all of your materials from the curb after they are tossed out of nice homes… I would put the budget at closer to $40,000. and that is assuming that the mechanicals and structure are ok, and that isn’t a safe assumption.

Here is a list:

  • Gutters
  • Roof repairs
  • Front door and casing
  • Enough of the siding to make it worth replacing all of it
  • Ditto for the windows
  • All of the flooring. That which is still there is nasty
  • And every wall and ceiling needs paint
  • Rebuild the rear deck
  • About 20 sheets of drywall
  • All of the appliances
  • EVERYTHING in the kitchen… like the cabinets and counters
  • Landscaping
  • Un-convert the garage from its bonus room conversion

I would peg the property at a value more in line with $15,000. An investor will need to realize a healthy profit AND have enough room for hidden defects.

  • Mold abatement
  • HVAC replacement
  • Structural repairs
  • Foundation repairs

I’m not saying that those are probabilities… just that they are possible.

An end-use buyer would face similar issues, AND they will need to be able to finance it without FHA support, since it probably wouldn’t qualify. It also would have trouble with many renovation programs… so cash might be in order for renovations.

But for the right buyer it could be a great deal.

I did run across another property that looks like a much better deal…

from LaneBailey.com

Brookwood Market Report 3/15/2009

Jamie Parker Snellville Realtor, Gwinnett Realtor: Real Estate Sales Person in Snellville, GA

Brookwood High School Area:

Residential Detached
Res ML# Media VT Status Address State Area Map Subdivision Bed Bath Year Built or
Sold / Expire Date
Price
1  3813683  Sold  1315 Kildare Ct SW  GEORGIA  64 - GWINNETT COUNTY  744G9  WATERFORD TOWNSHIP  4/1  1/28/2009  $515,000 * 
2  3714911    Sold  1161 NASH LEE DRIVE  GEORGIA  64 - GWINNETT COUNTY  791F1  NASH LEE ESTATES  4/0  2/23/2009  $350,000 # * 
3  3835549    Sold  1845 GLENHURST DR  GEORGIA  64 - GWINNETT COUNTY  792F1  CARRINGTON  2/1  2/24/2009  $307,000 
4  3814718    Sold  1011 Nash Lee Drive SW  GEORGIA  64 - GWINNETT COUNTY  791F1  Nash Lee Estates  4/0  1/5/2009  $300,000 # 
5  3805161    Sold  1436 Sheridan Place  GEORGIA  64 - GWINNETT COUNTY  744h5  Flowers Crossing  4/0  2/11/2009  $269,900 # * 
6  3817782    Sold  217 Coopers Pond Dr SW  GEORGIA  64 - GWINNETT COUNTY  744A5  COOPERS POND  3/1  2/19/2009  $200,000 # 
7  3773407    Sold  1372 JANMAR ROAD  GEORGIA  64 - GWINNETT COUNTY  744G8  NONE  2/1  1/5/2009  $225,000 # * 
8  3768621    Sold  1359 SCENIC VIEW TRACE  GEORGIA  64 - GWINNETT COUNTY  999A9  SCENIC OVERLOOK  4/0  2/27/2009  $186,200 # 
9  3828441    Sold  1260 BULLOCK PLACE  GEORGIA  64 - GWINNETT COUNTY  792B1  BROOKWOOD COMMONS  4/0  1/30/2009  $222,900 # 
10  3761538    Sold  835 CRICKET HILL TRL  GEORGIA  64 - GWINNETT COUNTY  744C6  Almont Farms  2/0  2/24/2009  $152,000 
11  3734726    Sold  858 Clarion Way  GEORGIA  64 - GWINNETT COUNTY  0000a00  Flowers Crossing  2/1  1/9/2009  $157,500 # * 
12  3771910    Sold  792 ROXBORO TRACE  GEORGIA  64 - GWINNETT COUNTY  09A9  RIVER OAK VILLAGE  3/0  1/23/2009  $145,000 # * 
13  3806870    Sold  2003 Parkwood Rd SW  GEORGIA  64 - GWINNETT COUNTY  792A4  N0NE  2/1  2/7/2009  $140,000 # * 
14  3822912    Sold  2746 Jo Beth Dr SW  GEORGIA  64 - GWINNETT COUNTY  A9A  POOLE CREEK FOREST  2/0  1/30/2009  $137,500 # 
15  3820023    Sold  1065 LAUREL COVE DRIVE  GEORGIA  64 - GWINNETT COUNTY  744B9  DOMINION WALK  2/0  1/23/2009  $116,000 # 
16  3822022    Sold  1221 HERITAGE HILLS CIR  GEORGIA  64 - GWINNETT COUNTY  744J7  HERITAGE HILLS  2/1  2/9/2009  $124,900 # * 
17  3818395    Sold  2400 Deer Isle Ct  GEORGIA  64 - GWINNETT COUNTY  0000aa0  River Bridge  3/0  2/27/2009  $89,000 # * 
18  3769715  Sold  1402 HEWATT ROAD  GEORGIA  64 - GWINNETT COUNTY  792A3  NONE  2/0  2/23/2009  $70,000 # * 
19  3786356  Sold  3400 DEARWOOD DRIVE  GEORGIA  64 - GWINNETT COUNTY  791K2  MAYFAIR  2/1  2/23/2009  $67,500 # * 
20  3745326    Sold  4096 SIGNAL RDG  GEORGIA  64 - GWINNETT COUNTY  791H5  STONEMONT  3/0  1/12/2009  $72,000 # * 
21  3833784    Sold  3311 BIRCHWOOD TRL  GEORGIA  64 - GWINNETT COUNTY  792B04  HARDWOOD MANOR  2/1  2/18/2009  $73,500 * 
22  3830764    Sold  3435 RIVER DRIVE  GEORGIA  64 - GWINNETT COUNTY  743H9  NONE  2/0  1/10/2009  $70,000 # 
23  3856881    Sold  2635 FIVE FORKS TRICKUM ROAD  GEORGIA  64 - GWINNETT COUNTY  99999  NONE  1/1  2/19/2009  $50,000 

 

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Summary - 23 Properties Found

Bedrooms Full Baths Half Baths List Price Sale Price Days on Market
Min 3
 
1
 
0
 
$ 60,000
 
$ 50,000
4
 
Avg 4
 
3
 
0
 
$ 190,647
 
$ 175,691
92
 
Max 5
 
4
 
1
 
$ 599,000
 
$ 515,000
248
 

The above is as of March 15, 2009.

There are 370 active listings in Brookwood with 250 of them listed for over $193,000

Help the economy- don't be afraid to buy in an award winning school district like Brookwood