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2551 Stanley Valley Road
Surgoinsville, TN 37873
$840,000
Conventional
Property
Bedroom
6
Bathroom
4
Property Type
Conventional
Square ft
2753
Property Description
Two Homes nestled on 150 private acres in the Mountains of Beautiful East Tennessee! The main home sits up on a knoll overlooking a nice pond and cleared area. The main home offers up to 4-5 bedrooms and 2 full baths, an open floor plan and laminate flooring. There are 2 bedrooms, a full bath and laundry on the main level, Upstairs are 2 more bedrooms with a primary en suite full bath. Other bonuses on the main home are, vaulted ceilings, a nice open kitchen with a large pantry, plenty of cabinets ,counter space and all kitchen appliances included. *The guest house is a 2 BR/1 full bath cape cod with gas heat, vaulted ceilings, approx 816+/- square ft, laminate floors, a nice open kitchen with a dishwasher, fridge, built in microwave that opens up to a living room with a wood burning fireplace. The primary bedroom has laminate floors with a ensuite bathroom. There is a tankless gas water heater fueled by a 500 gallon propane tank. The pull down stairs access the floored and lit attic for extra storage. This home offers high speed internet thru ''Scott County''. The home homes share a well that is approx 220+/- ft deep with some sulphur. The main home has a water filtration system. The 2 homes have their own separate septic systems with no problems and have never been pumped. There are roads and trails throughout the property that is mostly wooded with bountiful wildlife. Caney Creek borders this property on the back side and can be access by a adventurous ATV ride. If this property interest you and you are curious to find out more I encourage you to schedule your appt and come take a look as numerous pictures and this description can't begin to describe what all this property has to offer! *Pre approved buyers only accompanied with an agent with an appt please. *AGENTS, all appts will go thru showing time! All information was taken from court house records. It is the absolute and sole responsibility of the BUYER to verify ALL stated here in.
Property Information
Lot Size
150 acre(s) square ft
Property Type
Residential
Year Built
2007
MLS Number
9949077
Location
Address
2551 Stanley Valley Road
City
Surgoinsville
State
TN
Zip Code
37873
County
HAWKINS
Listing
Provider
A Team Real Estate Professionals, Inc., original listing
Name
A Team Real Estate Professionals, Inc.
Phone
(423) 360-3446
Office Name
A Team Real Estate Professionals
Office Phone
(423) 360-3446
Agent Name
Brian Givens

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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.