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2811 Happy Hollow Road
Parrottsville, TN 37843
$799,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2359
Property Description
***41.2 UNRESTRICTED ACRES***Meticulously maintained house (2 homes) and farm with stunning mountain views in Parrottsville, Tn. These farms rarely ever hit the market in this coveted area of East Tn. especially a farm that has been cared for in the manner that this one has. You will find nothing out of place around the farm, and the main home has been maintained to the point that it's almost flawless.Main Home is 3br/3ba, updated kitchen with new cabinets and stainless steel appliances with gorgeous mountain views out the window over the kitchen sink.Enormous living room/dining area with gable ceilings, with a wall of windows to the front that provides ample lighting and views. A sliding glass door is to the rear of the room, that leads to the newly constructed deck on the rear of the home. A custom stone fireplace sits in the center of the living room and is easily the center of attention. The custom stone work is incredible. The fireplace is currently a propane insert for convenience but could easily be converted back to the original wood burning fireplace. All bedrooms have private baths attached, two of the bathrooms have been remodeled with walk in tile showers.2/3's of the downstairs is finished and has its own fireplace and den area as well. The unfinished section of the basement has a 3rd wood burning stove that has ventilation leading from the stove through ductwork to the upstairs rooms all of which was professionally installed. There is canned food storage area in the unfinished area as well. The basement is designed in such a way that a bathroom and/or bedrooms could be added on. Basement can be accessed from main home or from the attached two car garage. Home also comes with a matching 2nd detached garage or workshop that has an abundant amount of space and comes with several work benches.Home number 2 is a possible income producing property, that could help offset your mortgage. This cozy cabin was built in 2001, and is a 2br/2ba that could easily be an overnight rental, long term rental or guest house, numerous possibilities and upside. Farm has several barns/sheds as well as cattle working areas. A portion of the property is wooded and filled with nice mature hardwoods with ample amounts of wild game. There are open fields for pasture, hay fields, and a creek that runs through the eastern side of the property. Numerous house sites are still left with amazing views of the Cherokee National Forest. This one of a kind property is conveniently located 20 minutes from Greeneville, 15 minutes from Newport, 30-45 minutes from Sevierville, Pigeon Forge, Gatlinburg and the Smoky Mountains. It's an hour drive to Knoxville, Johnson City, Bristol and Asheville. An hour from 2 major airports, with multiple hospitals within 15-45 mins drive as well. These are motivated sellers and this will not last long, call me at (423) 237-1991 to schedule your appointment today. Multiple lenders in place and ready to get to work for you. Let's start moving your dreams into reality!!
Property Information
Lot Size
41 acre(s) square ft
Property Type
Residential
Year Built
1977
MLS Number
702873
Location
Address
2811 Happy Hollow ROAD
City
Parrottsville
State
TN
Zip Code
37843
County
COCKE
Listing
Provider
Regal Real Estate Tn, LLC, original listing
Name
Regal Real Estate Tn, LLC
Phone
(865) 908-4567
Office Name
Regal Real Estate Tn, LLC
Office Phone
(865) 908-4567
Agent Name
Darrin Costner

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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.