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2233 Nations Rd
Newport, TN 37821
$1,600,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2160
Property Description
Welcome to your dream home on 97.8 acres, where luxury living takes center stage. This custom home has it all from mountain views to a stunning infinity-style pool and spa with sunset panoramas! Enveloped in privacy, the entire home is surrounded by rolling hills along with wooded ridges, sun dappled glades and three spring-fed ponds that are aerated and stocked with bass and catfish. This gorgeous traditional redefines the essence of elegance, revealing an exquisite open concept layout with three beds and two full and one-half baths. Tasteful landscaping greets you as you pull up to the detached 2-car garage with unfinished 2nd floor for added storage. As you step into this resplendent haven from the covered front porch, you are welcomed by an abundance of natural light that dances upon the tile floors throughout, creating an atmosphere of warmth and sophistication. The living room is a sanctuary of comfort and style, providing an ideal space for relaxation and gracious gatherings centered around a floor-to-ceiling stone woodburning fireplace. Throughout the main level, 10' and 11' ceilings lend an air of grandeur along with beautiful millwork detail. Moving further into this luxurious abode, you will discover a gourmet masterpiece kitchen adorned with stainless steel appliances and island complete with raised bar. Custom cabinets include a built-in wine rack and range hood, while a large pantry keeps everyday tasks organized. Head outside to the covered back patio and take in the jaw-dropping mountain vistas. The open-air pool patio is expansive and includes a stone wood burning firepit. The dramatic overflow pool/spa captures sensational sunset vistas with shallow Baja shelf that makes the perfect cooling respite while sunbathing. An overflow waterfall cascades from the pool down into a recirculating pool found on the lower patio level. Sleeping accommodations are sumptuous and include a guest suite on the main level with ensuite access as well as a voluminous primary bedroom with walk-in closet outfitted with built in shelves and ensuite bath with jetted soaking tub and large glass walk-in shower. Upstairs boasts another 1000SF of space with soaring 13' ceilings and a layout setup as two separate rooms that are open enough to function as one unified room. The space can accommodate the addition of a 3rd full bath if desired. Great level for a media/rec room, bunk room, teen hang out space, large bedroom, or office/hobby room! A whole house generator connected to a 1000-gallon propane ensures an uninterrupted power supply. Additional features include a reverse Osmosis water system with a 500-gallon tank, well-fed pool, and the huge hot water heater ensures plenty for showers and household needs. These utilities are safely housed, along with the Pentair pool pump, in the fully insulated pool house with air circulation fan to keep condensation from forming due to cold mountain water. The separate approx. 70'X25'' workshop is a car enthusiasts dream with space to accommodate any hobbies. For the family member with a green thumb, the greenhouse with spring-fed water cultivates a wonderful space to connect with nature any time of year. The house, garage, workshop and pool house are insulated with closed cell foam insulation to ensure peak functionality. This wonderfully private home feels secluded yet is conveniently close to the interstate. Residents will be only 10 minutes to Newport and about 45min to Knoxville, Asheville, Gatlinburg, Pigeon Forge and Sevierville attractions and amenities. This sophisticated residence is more than a home; it is an embodiment of quality living, a sanctuary of luxury, and covetable lifestyle meticulously tailored to your pleasure. Tour Today! Buyer to verify all information.
Property Information
Lot Size
97 acre(s) square ft
Property Type
Residential
Year Built
2016
MLS Number
1253757
Location
Address
2233 Nations Rd
City
Newport
State
TN
Zip Code
37821
County
COCKE
Listing
Provider
Hometown Realty LLC, original listing
Name
Hometown Realty LLC
Phone
(865) 693-7653
Office Name
Hometown Realty, LLC
Office Phone
(865) 693-7653
Agent Name
Ryan Coleman

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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.