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389 Lantana Rd
Crossville, TN 38555
$1,275,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
4600
Property Description
Nestled within the heart of 5.3 unrestricted acres, this unparalleled estate unfolds as a unique blend of luxurious living and a profound narrative of love and craftsmanship. Priced at $1,275,000, and offered below its recent appraisal, this property transcends the ordinary, offering not just a home but a legacy, meticulously constructed by a devoted builder for his beloved, embodying an extraordinary commitment to detail and elegance. At the core of this sprawling estate lies the main residence, a 4,600-square-foot masterpiece custom-built with an extraordinary attention to detail. This home serves as a sanctuary, where each of the three opulent bedrooms boasts an en-suite bathroom and walk-in closet, providing private retreats for family and guests alike. The living spaces are adorned with double crown molding and custom doors, setting a tone of refined elegance throughout. The embodiment of this home's soul is its fireplace, a central element that, along with the marble surrounds and wood doors, was lovingly reclaimed from the owner's wife's childhood home. These elements weave a rich tapestry of history and nostalgia, imbuing the residence with a storybook charm that transcends mere aesthetics. The grandeur of the main house is further enhanced by its stately brick exterior, welcoming visitors into a realm of timeless elegance. Inside, the home unfolds into a series of meticulously designed spaces, including a formal dining area, a serene sitting area, a living room, and an immense kitchen. The kitchen, the heart of the home, is equipped with custom cabinets and an expansive island, providing both a functional workspace and a gathering spot for family and friends. Complementing the main residence is a charming 800-square-foot secondary estate, featuring two bedrooms, one bathroom, a full kitchen, and a living area. This versatile addition offers potential for guest accommodation, rental income, or a personal retreat, enriching the estate's extensive offerings. The property is framed by a gated entrance, leading to a world where bespoke details abound, from the crystal doorknobs specially ordered from California to the elegant pine wainscoting. The estate's unrestricted zoning within city limits, serviced by natural gas, city water, and city sewer, opens a realm of possibilities, inviting visions of commercial success or a private family compound against a backdrop of tranquility and natural beauty. The fenced-in back half of the yard ensures privacy and security, completing this picturesque estate. This estate stands as a testament to meticulous craftsmanship and a love story set in stone, wood, and marble. It beckons those who value the tangible luxuries of a well-crafted home and the intangible treasures of a well-told story. As a monument to a builder's devotion, this estate offers an invitation to own a piece of history, where dreams and reality converge, and where the legacy of love and luxury awaits the next chapter of your life. Discover the enchantment woven into every corner of this exquisite estate. Contact us for a private showing and step into a world where luxury meets legacy, and where your future begins amidst the beauty of a love story immortalized in the very fabric of this remarkable home.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
2009
MLS Number
1254666
Location
Address
389 Lantana Rd
City
Crossville
State
TN
Zip Code
38555
County
CUMBERLAND
Listing
Provider
Name
Wallace
Phone
(865) 584-4000
Office Name
Wallace
Office Phone
(865) 693-1111
Agent Name
Victoria Eberhart

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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.