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144 Sewell Rd
Philadelphia, TN 37846
$445,000
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
1904
Property Description
Modular home on 10.2 acres, separated on two parcels, one of which is cleared land with mature oak trees and the other with some cleared land right up against wooded forest with trails for small hiking paths, ATV riding, biking, or horseback riding as well as a number of pecan trees that can later be harvested. The house was built in 2018 with 4 bedrooms and 2 full baths, two living rooms, one of which has a wood burning fireplace! -, alongside a pantry and laundry right next to the kitchen. Both sides of the home have porches that you can rest and relax on with the front porch also having a canopy you can pull out for those sunny days in the shade. This property would be perfect for anyone interested in having their own slice of heaven on a mini farm. On the property, there are four chicken coops, two connected pastures with a run-in, a goat shed, and a third pasture with tall horse fencing, right along the forest line, with a natural run-in made using the trees and fencing for any livestock looking for a place to take a break from the heat. There's also a 20x21 garage with two carports that are 20x12, where one has been repurposed to make two stalls for horses with a solid and sturdy stall door. There is a 37x10 trailer that has been used as extra storage but could be made into another living space as it's close to the post that connects electric from the road. Just needs some remodeling on the inside, as it was originally used as an office space. There's also a fully planted small garden with flowering plants behind the home with multiple areas to set up a recreational area as well as a concrete pad to put down any gazebos or small sheds. The property has access to free well water thanks to an electric pump close to the house, though there is a connection to city water at the road from the front of the property should you decide to have it connected. The pump also offers connections that you can put multiple hoses on for easy access to the chicken coops, pastures, and gardens. High-speed internet is through Spectrum, allowing for good uploading and downloading speeds. This property is a thirty-minute drive from Knoxville and a twenty-minute drive to Lenoir City and Sweetwater in either direction, allowing you to have your own country getaway without being too far from modern amenities. There are grocery stores, restaurants, multiple churches, medical care offices, schools, and even a few riding stables, all within driving distance! For all lovers of everything nature, the Smokey Mountains are only 25 minutes away, offering hiking trails, fishing opportunities, and beautiful landscapes to simply take in and enjoy.
Property Information
Lot Size
10 acre(s) square ft
Property Type
Residential
Year Built
2018
MLS Number
1246766
Location
Address
144 Sewell Rd
City
Philadelphia
State
TN
Zip Code
37846
County
LOUDON
Listing
Provider
HOWARD SENTELL, original listing
Name
HOWARD SENTELL
Phone
(865) 966-1222
Office Name
Sentell Real Estate
Office Phone
(865) 966-1222
Agent Name
Howard Sentell

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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.