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528 N Main St
Clinton, TN 37716
$495,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2900
Property Description
An iconic structure in the historic downtown Clinton landscape, The Medaris House is a classic Colonial built in 1938. The details from years gone by cannot be replicated today, and they are perfectly preserved here. Extensive original stone walls, stairs, and walkways welcome you to the front entry and center hall. Stunning hardwood floors throughout both the main and second levels. To your left is an expansive formal living room w/fireplace plus a bright library w/built-ins, plantation shutters, and tile floors. To the right of the center hall is the formal dining room; note the size of all the gorgeous original wood windows. Updated kitchen boasts granite counters and white cabinetry w/pantry space. A separate laundry and mud room just off the kitchen extends storage and work space. The sunny garden room opens with double doors onto a patio and water feature overlooking a sweeping back lawn. Ascending the staircase to the second level, an upper landing is large enough for a sitting room, reading nook, or office space. Master suite features two closets and an en suite bath with classic white fixtures and cabinets. The second and third bedrooms share a jack-and-jill bath with class detailing. The basement level, with more original stonework, provides ample storage space and a lower level mudroom or storage room entry from the attached carport. Additional parking spaces are available at the rear of the driveway which also accesses a rear service drive for easy in-and-out traffic. With all of these classic and timeless details, you may be surprised at all of the modern upgrades: tankless water heater, Lutron dimmers and LED lights, Ubiquiti - UniFi home network, UniFi Mesh WiFi w/5 hardwired APs, UniFi Protect security system w/4 hard-wired cameras and DVR, 24-port POE router and dedicated 1500W APC back-UPS. A home of this caliber is a true treasure for not only the homeowner but the entire community.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1938
MLS Number
1230898
Location
Address
528 N Main St
City
Clinton
State
TN
Zip Code
37716
County
ANDERSON
Listing
Provider
Sellers Realty LLC, original listing
Name
Sellers Realty LLC
Phone
(865) 457-4110
Office Name
Sellers Realty Company, Inc.
Office Phone
(865) 457-4110
Agent Name
Joey Smith

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HUD Foreclosures

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.

Free Foreclosure Listings

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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.