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175 Litchfield Lane
Cleveland, TN 37312
$3,500,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
4534
Property Description
As you turn past the antique French gates onto the imported Indiana pebble drive, you will understand why the curator of this property chose to slow your arrival to this French Manor Estate- the extent of detail expended into creating this jewel box is evident. Before the main home comes into view, your eyes will be fixed upon the Acadian Cabin with its lovely covered porch. A tranquil retreat for your guests, or perhaps a writer's sanctuary, just steps from the main home- imagine the sound of a gentle rain tapping on the rooftop. This 400 sq. ft. cabin is rich with charm from the wood-burning fireplace to the heart-pine floors and white-washed walls. Nearby, you will find the limestone and slate well-house/ potting shed with an artesian well including a whole-house water softener and purifier. The Manor was strategically placed to allow the steward of this property to plant an English garden that offers an abundance of seasonal harvest and diverse botanical treasures. Over 200 tons of Tennessee limestone graces the exterior of the Manor. Vermont slate, copper gutters, decorative lightning rods, and Jack Arnold Chimney pots adorn the roof. Handcrafted copper gas lanterns stand as sentinels beside the reclaimed antique 12-foot tall, mahogany entry doors. As you step through these 150-year-old pieces of art into the entry hall, your gaze is fixed upon the antique, reclaimed, and hand-finished cypress flooring that runs throughout the entire home- truly a unique pleasure- timeless, elegant design with a modern sensibility. Venetian plaster covers the main level walls and ceilings: three wood-burning fireplaces, antique and art lighting, mahogany French doors with handcrafted custom cabinetry and finishes. The cabinetry is discretely tucked beneath the hand-made, 5 ft x 10 ft solid iron window to allow an abundance of natural light. The antique, white-washed, heart-pine, 4ft x 10ft island, with 2 1/2 inch thick black walnut, anchors the kitchen. The custom-fabricated Jade range from California, with a salamander, griddle, and true convection oven, complimented by the hand-crafted, solid stainless steel hood by Lonestar of Texas, surrounded by a Ken Mason, handmade tile backsplash and Sub-Zero glass front refrigerator/freezer would make Thomas Keller drool. The dining room boasts a grand, custom-designed, and hand-crafted glass-front cabinet- a stunning piece of furniture to display your treasures. The family room has a wood-burning fireplace framed by a solid travertine mantel, Pennsylvania reclaimed, antique hand-hewn beams, solid mahogany French doors with transoms, and solid brass surface bolts by Classic Brass. A wine cellar, just off the hall, is charming and convenient to the kitchen and dining room. The exquisite salon, centered with a hand-carved marble surround, is a welcome compliment to the grand and open main level. The Master suite vestibule is accessed through antique, reclaimed heart-pine French doors and enhanced with art lighting. There is a cast-stone, gas log fireplace mantel surrounded with Venetian plaster walls and ceilings, that is steps away from the resort-like bath offering a steam shower with solid marble walls and floor with seating, a claw-foot, cast iron, roll-top porcelain tub, antique cherry ten-foot vanity with porcelain sinks and separate water closet. The two guest suites are completed solid with ensuite baths and operable solid mahogany French doors with wrought iron Juliet balconies, with each having its elegant personality. The third room is currently used as media but could also be an office. The third-level bonus room is currently used for crafts and hobbies. This property is set in the exclusive, secure, and enchanting, 70 acre gated community of Alders Glen. From the moment you enter the gates, you are immersed in one of the most breathtaking landscapes typical of a land rich in nature and careful preservation. Only five homesites of 18 remain
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
2015
MLS Number
1237451
Location
Address
175 Litchfield Lane
City
Cleveland
State
TN
Zip Code
37312
County
BRADLEY
Listing
Provider
Alliance Sothebys International Realt, original listing
Name
Alliance Sothebys International Realt
Phone
(865) 357-3232
Office Name
Alliance Sotheby's International Realty
Office Phone
(865) 357-3232
Agent Name
Debbie Elliott-Sexton

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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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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.