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2211 Nw Woodcreek Dr
Cleveland, TN 37311
$2,229,000
Conventional
Property
Bedroom
7
Bathroom
5
Property Type
Conventional
Square ft
5531
Property Description
Embark on a journey through time and modern luxury at Laurel Park Estate, an extraordinary 8-acre oasis hidden in the idyllic Laurel Ridge valley, just minutes away from historic downtown Cleveland, TN. This enchanting property not only beckons with its timeless charm but also promises a unique income opportunity. With historical financials boasting a six-figure revenue stream generated from offering its guest facilities as vacation rentals for those looking for a romantic escape, weekend getaway, weddings, and elopements, the Laurel Park Estate stands as a captivating blend of history and financial savvy. As you pass through the stone and wrought iron gates, you'll be greeted by Laurel Manor, a timeless French country estate. Built in 1987 and meticulously updated and expanded by its current owners, the manor boasts 3848 sq. ft. of refined living space. The exterior showcases newly Limewashed brick, authentic stone siding, a stunning white stone-column pergola, and an elegant 8-foot brass-topped cupola. Step inside to discover a world of luxury with gleaming hardwood floors, plush carpeting, and designer tile throughout. The formal living room features an Italian marble gas fireplace and panoramic views of the surrounding woodlands and Candies Creek. The heart of the manor is its newly renovated chef's kitchen, where Cafe' gold rose and bronze appliances, quartz countertops, and stylish glass & champagne bronze cabinet pulls create a perfect blend of efficiency and opulence. The master suite, strategically located for absolute privacy, showcases hand-painted vaulted ceilings, a marble gas fireplace with a century-old ''Tiger Wood'' columned mantle, and a spa-like bathroom adorned with fine marble, a soaking tub, and exquisite French toilet and bidet. The abundance of marble counter space, double vanities with towel warmers, and a crystal chandelier overhead add to the allure of this elegant space. The upper level features two additional bedrooms with a newly renovated jack and jill bathroom, a media or bonus room, and the potential for two guest income-producing properties. The newly constructed Barn at Laurel Park, spanning 1133 sq. ft., offers modern comforts, including an open-concept living room and kitchen area, two large bedrooms, and a stylish full bath. The estate's outdoor spaces are equally enchanting, with well-maintained trails, wooden swings, and a lavish green fairway for golf enthusiasts. A newly added Trex deck with a granite-top outdoor kitchen provides a perfect spot to relax and enjoy the serene views of Candies Creek. In addition to the main estate and the Barn, Laurel Park features a renovated Cottage, currently serving as an income-producing property. This charming space includes oak walls, a wood-burning fireplace, a fully operational kitchen, and a full bathroom with a captivating view of the backwoods and stream. A custom-designed workshop, extended gravel driveway, well-maintained irrigation system, and thoughtfully placed exterior lighting add to the functionality and grandeur of the property. Laurel Park offers over 7300 sq. ft. of grand indoor and outdoor living, making it a truly exceptional residence within Cleveland city limits. Experience the unmatched charm and endless possibilities of Laurel Park - a distinctive property where historic beauty seamlessly meets modern luxury. Schedule your privileged tour today and turn your dream home into a reality.
Property Information
Lot Size
8 acre(s) square ft
Property Type
Residential
Year Built
1987
MLS Number
1386839
Location
Address
2211 NW Woodcreek Dr
City
Cleveland
State
TN
Zip Code
37311
County
BRADLEY
Listing
Provider
Keller Williams Realty Greater Downtown, original listing
Name
Keller Williams Realty Greater Downtown
Phone
(423) 664-1900
Office Name
Keller Williams Realty
Office Phone
(423) 664-1900
Agent Name
Wade Trammell

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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.

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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.