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7609 Charlton Drive
Knoxville, TN 37920
$4,995,000
Conventional
Property
Bedroom
4
Bathroom
10
Property Type
Conventional
Square ft
9534
Property Description
This 3+ acre estate includes the main house with over 8400 square feet boasting 4 spacious bedroom suites, a 2 bedroom, 2 bathroom guest apartment with over 1100 square feet and a waterside studio cottage with a bedroom loft. Elegant and refined while welcoming and comfortable are the adjectives best used to describe this remarkable waterside home. Available on the market for the first time, this classic Georgian home was custom built with no detail left undone. From the grand motor court surrounding the stately water fountain to the charming waterside studio and guest house, this home will appeal to any discerning buyer. Up the stone steps off the front porch and into the home, guests are welcomed by a sweeping staircase where your art collection favorites can be showcased for all to enjoy. A formal living room flanks the large,wainscoted foyer along with the formal dining room, spacious enough for buffets and a banquet-sized dining room table offering the perfect space for hosting celebrations, holidays or dinner parties for your closest friends. Daily living will be enjoyed at the rear of the home where views of the water are there to be relished from every room. A kitchen for the home chef will not disappoint with a commercial grade range, stainless appliances, and breakfast bar. Off the kitchen is a more intimate living space with room for a breakfast table plus built-ins, fireplace and French doors leading to the terrace. Guests and family alike will enjoy the main living area where views of the water can be seen from the oversized windows and access granted to the spectacular terrace through a set of French doors awaits. This living space is large enough for several seating areas and the rich cherry wood paneling and fireplace create an inviting atmosphere. The library with built-ins and water views is a wonderful spot to stop, relax and enjoy your favorite authors and is a more private living space leading you into the primary bedroom where water views are showcased through a large bay window. The elegant attached bath offers limestone floors, two walk-in closets, dressing area with custom built-ins and vanity, dual sinks, soaking tub and marble walk-in shower. The upper level boasts an open landing with three large en-suite bedrooms with water views. The lower level has living space ideal for movie nights or game watching, and the workout room with shower and sauna provides the perfect space for those who would love a private home gym. Above the garage is a large apartment with living space, two bedrooms, two full baths and kitchenette and is a great space to use as a guest house, mother-in-law suite, nanny quarters or home office. Off the back terrace, sweeping views of the water, a saltwater pool, cabana with changing room, half bath and outdoor shower, and boat dock await. A charming path alongside a waterfall and pond lead to the waterside studio/guesthouse with exposed beams, living space, lofted bedroom, full bath, kitchenette, and covered cantilevered porch on The Little River will be the place to escape after a long hard day! With tiered terraces, elegant landscaping, koi pond with water feature, in-ground pool, pool house, and covered dock, the exterior of this home shines as bright as the interior. A shining jewel among gems, this home offers the best in all that is waterside living.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
2001
MLS Number
1245549
Location
Address
7609 Charlton Drive
City
Knoxville
State
TN
Zip Code
37920
County
KNOX
Listing
Provider
Keller Williams Realty, Knoxville-West, mc814, original listing
Name
Keller Williams Realty, Knoxville-West, mc814
Phone
(865) 694-5904
Office Name
Keller Williams Signature
Office Phone
(865) 588-9300
Agent Name
Lucas Haun

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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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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.