This 7,722 square foot house is on Red Oak Trail in Athens.
- THE NEIGHBORHOOD FILES
Sunday, January 27
This home off Tallassee Road boasts seven bedrooms and seven bathrooms. The listing price is $999,999. Coldwell Banker Upchurch Realty is brokering the property. You may also enjoy reading: Foreclosures in Athens, Ga.
Athens-Clarke County is seeing less foreclosures and more sales of foreclosed property, in spite of recent news that Georgia leads the nation in foreclosures. Local realty and tax experts say that foreclosures in the area will still affect property value
Though Georgia has the highest foreclosure rates in the nation, the housing market in Athens may be on the upswing. Georgia topped foreclosure rate charts in May when a real estate study showed that one in 300 housing units have received a notice or have been repossessed. According to RealtyTrac, the realty research firm which released the original numbers, Georgia's foreclosure rate is more than double the national average, which is one in 639. Counties with the top foreclosure rates include Fulton, DeKalb and Cobb, according to the Atlanta Journal Constitution. Athens-Clarke County rates are closer to the national numbers than to Georgia's, however. In May, RealtyTrac reported that there were 82 foreclosure properties, averaging to one …