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171 Augusta Lane
Lenoir City, TN 37772
$835,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
4309
Property Description
Fantastic home in The Masters at Avalon. Steps away from the Joseph L Lee designed golf course. If you are a golfer, you are going to love living close to the course. If not, you can enjoy all the green space and beautiful landscaping throughout the community. Living in Avalon you will be able to spend time at the community pool, tennis/pickleball courts or walking through the neighborhood on the sidewalks. This home is well-designed for comfortable living. The main level features all hardwood floors, the primary bedroom with en suite bath and a spacious closet, a welcoming kitchen complete with granite countertops and stainless appliances. Snuggle in front of the cozy fireplace on those cold winter nights. A powder room and laundry room are also conveniently located on the main level. Enjoy morning coffee or a late afternoon libation on your covered porch overlooking a spring-fed pond, rock waterfall and fountain. Stroll around the pond on the sidewalk. Rest on the benches spaced along the way. Head upstairs to two spacious guest rooms, a full bath, huge bonus room AND a flex room that could be an office, den, workout space or another guestroom. The owners have created a fabulous gathering space on the lower level. The highly polished concrete floor is great for all kinds of entertaining. But that's not all, another spacious guest room and full bath are also on this level. AND there is a large storage room with access for a golf cart or more storage. Just when you think there couldn't possibly be more features, there is a second covered porch that is screened for your relaxation. Don't let this home slip by. Come and See.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2018
MLS Number
1251337
Location
Address
171 Augusta Lane
City
Lenoir City
State
TN
Zip Code
37772
County
LOUDON
Listing
Provider
Realty Executives Associates, original listing
Name
Realty Executives Associates
Phone
(865) 693-3232
Office Name
Realty Executives Associates
Office Phone
(865) 693-3232
Agent Name
Pam Owen

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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.