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1172 Burem Road
Rogersville, TN 37857
$774,900
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
3374
Property Description
Situated on 22.01 acres of prime river property, this 3 bedroom, 3.5 bath home is only 4 miles from Historic Rogersville. The covered front porch has wonderful mountain views. As you enter the front door into the foyer, there is a formal living room on the left and a formal dining room on the right. The family room has a cathedral ceiling, woodburning fireplace and unique wood floors. Plenty of natural light. 2 primary suites plus a third bedroom on the main level. Another full bath and a half bath, also. Large kitchen with appliances that have were updated to stainless steel in December. The breakfast nook has a bay window. Secondary family room for extra entertaining or it could be used as an additional bedroom and a laundry room complete the main level. There is another room that can be used as a game room or guest bedroom on upper level. Amazing views from all rooms in the home. There is a covered back porch to enjoy the sunset. 30X50 detached garage with concrete floor, 2 rolling garage doors and it's own electric meter. There is an outside fire pit for grilling, a small utility building that could be converted into a tiny home and a deck overlooking the Holston River. Infrastructure is in place for an RV. FIBEROPTIC INTERNET Well drained totally flat land that is currently used for mixed grass hay production and has very high yields of round bales per acre. Portions of this land once produced very high yields of burley tobacco and locals can attest to this. A large portion of this land has never been tilled as for the most part it has been used for haying or as a cow-calf farming operation. A very unique property in many ways with one being a million dollar view of the sunset on sunny days behind the home facing west and also on the field near the home which gently slopes into the Holston River and also has a spectacular view of the sunset and would make a tremendous home site. SEEING IS BELIEVING SO VISIT AROUND SUNSET ON A SUNNY DAY. Another uniqu of the property is the old roadway leading down into the river that once was the roadway to the ferry that transported people, livestock, and cargo to the ferry that crossed the river before a bridge was ever built over the river. Information deemed reliable but not guaranteed, Buyer/buyer's agent to verify all information.
Property Information
Lot Size
22 acre(s) square ft
Property Type
Residential
Year Built
2013
MLS Number
9962139
Location
Address
1172 Burem Road
City
Rogersville
State
TN
Zip Code
37857
County
HAWKINS
Listing
Provider
MAIN STREET REALTY, original listing
Name
MAIN STREET REALTY
Phone
(423) 272-4400
Office Name
Cynthia Bundren Jackson Realty
Office Phone
(423) 272-4400
Agent Name
Cynthia Jackson

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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.