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270 Sonshine Ridge Rd
Cosby, TN 37722
$2,400,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
4136
Property Description
Welcome to this magnificent reverse living 2-story Traditional home with contemporary finishes. Nestled within the tranquil and private area of Sonshine Ridge Community in Cosby Tennessee, this exceptional home offers the perfect blend of contemporary luxury and the serenity of mountain living. It stands proudly on a 1.3-acres of an elevated lot, offering breath-taking 360-degree mountain views. It is a sprawling 4,050 sqft of living space. This home epitomizes luxury and comfort, showcasing high end features throughout. 4 bedrooms, 3 and 1/2 bathrooms, A spacious 24 x 24 garage with an epoxy floor. A REMI elevator services four stops, from the garage to the guest floor, to the large storage room and lastly to the main floor. Upon entering the home, you'll be welcomed by a spacious and awe-inspiring foyer, adorned with high ceilings, you have entered into the guest floor. There are 3 spacious bedrooms on this floor & 2 full baths, a spacious living room with a stacked stone gas log fireplace. 4- sliding glass doors to lead you out onto the covered deck overlooking those majestic views. It boasts beautiful 3/4-inch oak hardwood flooring, while the bathrooms are elegantly tiled, 1 bathroom is a Jack and Jill full bath which has a 6 x 4 x 10 tiled walk-in shower with rainwater shower head. And the 3rd bedroom & full bath are on the other side of the living room. The 4th floor is the main part of this home. It has an impressive kitchen boasting a massive 9 x 4 x 37-foot island with exquisite quartz countertops. It features two dishwashers, a beverage cooler, a microwave drawer, four lazy Susans, a walk-in pantry, and soft-close custom cabinetry. You'll also find a farm sink, an 8-burner gas cooktop with a pot filler, and two wall ovens, including a pizza stone. You can choose between two dining areas for hosting family and friends. That majestic mountain range creating a dining experience unlike any other. A spacious living room, featuring a gas log fireplace, perfect for unwinding after a day of mountain adventures. The Flooring is the beautiful 3/4-inch oak hardwood flooring, except the sunroom which is cozy with Berber carpet and a gas log stove. The windows in that room, plus 3 windows in the kitchen have UV tinting. The Primary Suite is a true sanctuary. The bathroom is a retreat in itself, featuring quartz counters, his and her vanities, a private commode, a spacious walk-in closet, a built-in wardrobe closet, a 6 x 6 x 8 tiled shower, and a relaxing soaker tub. The bedroom has sliding doors to lead you to an opened and covered decking. Instant hot water and two heat pumps ensure year-round comfort. The large laundry room features the same cabinetry and quartz countertops as the kitchen, along with a broom closet. With Gatlinburg and Pigeon Forge just a 30-minute drive away, and the breathtaking beauty of the nearby National Parks mere minutes from your doorstep, this property presents a rare opportunity for those seeking a mountain paradise. This remarkable mountain retreat offers both luxury and functionality, making it the ideal haven for those seeking a blend of contemporary living and the beauty of the Great Smoky Mountains. S/D permits overnight rentals. Don't miss the opportunity to make this private oasis your forever home. With a full price offer and $1.7M down the sellers will hold $800,000 with acceptable terms.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2018
MLS Number
1241353
Location
Address
270 Sonshine Ridge Rd
City
Cosby
State
TN
Zip Code
37722
County
COCKE
Listing
Provider
Country Living Realty, original listing
Name
Country Living Realty
Phone
(423) 237-1046
Office Name
Country Living Realty
Office Phone
(423) 237-1046
Agent Name
Donna Fabrikant

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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.