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111 Milligan Lane
Clinton, TN 37716
$610,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3442
Property Description
Just a short drive from Knoxville and Oak Ridge you will find the quaint town of Clinton and this stunning Craftsman style home with a touch of elegance and charm. No expenses were spared on this custom built home nestled on over an acre of land. You are immediately greeted at the front covered porch with wood ceilings, white painted brick with black lighting, windows, ceiling fans and a glass front door. Step inside to greatness! The main living area boasts 9 ft ceilings, custom built-in cabinets that surround the marble gas fireplace and bright white walls that bring a comfy yet classic feel. The floors are luxury wide plank laminates and you will find this throughout the home...no carpet here! Take a look around, there is custom lighting in every room! All bedrooms are on the main floor; however a split bedroom plan allows for a private primary bedroom retreat off the back of the home. Can we please talk about this kitchen? The kitchen has upgrades galore! There is a massive white quartz center island perfect for entertaining and prep work. A chef's dream awaits you with the gas range/oven with it's own pot filler faucet. You will want to spend time in this kitchen enjoying the custom extra tall cabinetry, marble back splash, floating shelves, gold accents and hardware and the most impressive lighting features. And don't forget the adjacent pantry for even more storage. Have family dinners or entertain guests in the large dining area that opens to the kitchen and to the living room. To the back of the main level overlooking the yard, there is a flex room with tons of natural light beaming in. This is a perfect area for a home office, play room or sitting room. Make it your own! Step out onto the home's private deck and enjoy your morning coffee. After a long day of work or play, retreat to your private master suite. Slide open your barn door to find a large tiled walk-in shower with gold accents, more custom cabinetry with gorgeous lighting and mirrors. A private water closet separates the bathroom with a pocket door. No need to go far to do laundry, this home has the washer dryer connections in the primary bedroom walk-in closet. On the other side of the house you will find two adorable bedrooms with a full custom bathroom separating the two. Both bedrooms are good sized and the back bedroom has a design feature with wainscoting on the walls. Safety was in mind when finishing the basement area so the current owners added a half wall and gate that leads down the stairs to the fully finished walk-out basement. The basement is a dream come true for most! Call it a man cave, a play room or extra living quarters, this basement has it all. Here you will find a large room for entertaining, and it is even plumbed for a wet bar/kitchen area. No need for a gym membership, this house has it's very own gym space with Rogue Fitness flooring. Don't need the at home gym area, this would make for an excellent craft room, play room, movie theatre room, you name it! But wait there's more...we can't call it a bedroom, but you can call it what you want! There is an extra flex room in the basement that would be ideal for guests or even a home office. Across the hall is an additional bathroom in the basement complete with a pet wash station! This could easily be made into a stand alone shower as well. You can also access the fully fenced back yard through the walk-out basement with a covered patio. This is ideal for storing lawn equipment or even another entertaining area. There is a 2 car garage on the main level as well. The home sits in a well-established neighborhood yet no HOA and county taxes only. Enjoy downtown historical Clinton or be in Knoxville or Oak Ridge within 15 minutes. Check out www.alwaysaspire.com for the newly created nature's enthusiast Aspire Park located right down the road opening Summer '24. Your dream home awaits you! (All information is deemed reliable but not guaranteed.)
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2019
MLS Number
1252933
Location
Address
111 Milligan Lane
City
Clinton
State
TN
Zip Code
37716
County
ANDERSON
Listing
Provider
Realty Executives Associates, original listing
Name
Realty Executives Associates
Phone
(865) 693-3232
Office Name
Realty Executives Associates
Office Phone
(865) 693-3232
Agent Name
Kelly Artino

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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.

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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.