First Time Home Buyers’ Bargain at Lake Oconee

Now that economic indicators are getting better, first time home buyers are getting back into the market.

We have just listed a Harbor Club property at Lake Oconee that is perfect for first timers: a townhouse with low price of $115,000. If these first time buyers have children, they will also be excited to know that Harbor Club is in the Lake Oconee Academy district. This town home is a unit of the  Harbor Club Polo Villas which were built in 1992 as part of the original building phase of Harbor Club. The complex of town-homes have an overall Mediterranean style with exterior stucco and tiled roof. The entire complex forms a quadrangle built around a central courtyard, and each unit has a private, walled patio. Compared to more recently built townhouses in the area, the Polo Villas have very few shared walls which further makes for better neighbors!

 

As with any townhouse, there are homeowners fees. However, for a modest quarterly ($425.00)  and yearly fee ($900.00) to Harbor Club, Polo Villa owners have the benefits of yard care, insurance, and water. The community of Harbor Club provides security with a gated entrance and mobile patrol. A social membership is optional to enjoy the other amenities. A club restaurant is available on the premises, and small restaurant and marina are just outside the back gate.

Our new listing has two master suites, one on the main floor, and one on the second floor (good for roommates?). Each master bath has a garden tub, and a separate shower. The kitchen is updated with granite counter tops, and tiled back-splash. New wood floors decorate the first floor common spaces, and the great room has a wood-burning fireplace. All appliances will stay, and the furniture is negotiable.

More good news, our mortgage consultant with RE/MAX reports that he can offer a finance package to first-time buyers (as long as at least one of the buyers is a first time buyer). The down payment on the Harbor Club townhouse priced at $115,000.00 would be 3% (around $3500 dollars), with a mortgage payment less than $800 dollars per month! Compare these figures with current Lake Oconee rental fees, and you will see that the price of owning your own home is quite affordable.

Of course, this secure, yet private, townhouse is a great buy for the seasoned buyer, too! If you want more details on this property or the first time buyer mortgage, call us and we’ll fill you in. Hurry, we have already had many showings and don’t expect this beautiful townhouse at this low price to be on the market for long.

 

Speaking of townhouses, we have another one listed in Harbor Club at the Lake Villas for only $365,000. This property has 3 bedrooms and 2 1/2 baths. It is the most affordable way to live on the water at Lake Oconee! Big water views abound as one sits on the patio or screened porch on the first floor, and from the elevated porch off the second master on the upper level. This townhouse is just steps from its own assigned dock, and a sandy beach for the children to play.