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1084 Wellington Blvd
Kingsport, TN 37660
$1,250,000
Conventional
Property
Bedroom
6
Bathroom
5
Property Type
Conventional
Square ft
8479
Property Description
Nestled at the end of a cul-de-sac, this home offers a sense of privacy, as it is situated on a sprawling 1.9-acre lot, providing ample space for both relaxation and entertainment. The main level greets you with a two-story great room, flooded by natural light and enhanced by in-wall speakers and a fireplace with gas logs. The kitchen is a chef's delight, boasting granite countertops, stainless steel appliances, including a gas stove and double oven, 2 sinks, and lots of cabinetry. With 4 bedrooms and 3 baths on this level, including a stunning primary bedroom complete with two walk-in closets and a lavish bath featuring a walk-in shower, vanity, and soaking tub, every comfort is catered to. For your added pleasure, a two-car garage with adjoining utility/laundry room. The upper level hosts a private suite featuring a walk-in closet, 2 bedrooms, and a full bath. Follow the walking lights to explore the approx 3800 sq. ft. basement, which includes a full bath, a 4-bay garage, high ceilings, and a bay spacious enough to accommodate an RV. RV hookup available. Notable features abound, from Anderson Windows, Fleenor Security System, Backup Generator, Trex Decking, sprinklers, gorgeous hardwood and heated tile flooring in the kitchen and primary bedroom just add to the home's allure. Whether you're enjoying the twinkling lights of Kingsport or the mountain view from the back porches or the comfort of the primary bedroom, the vistas are truly mesmerizing. Step outside and bask in the joys of summer by the in-ground, heated salt-water pool with jacuzzi, while the exterior speakers attached to the house serenade you with music. All pool equipment is included for your convenience. For added allure, electric lighting gracefully trails along the eaves of the roof. Showings by appointment only. Contact a realtor to schedule a viewing. Information contained herein is deemed reliable, but not guaranteed, buyers to confirm all details.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2018
MLS Number
9964703
Location
Address
1084 Wellington Blvd
City
Kingsport
State
TN
Zip Code
37660
County
SULLIVAN
Listing
Provider
Century 21 Legacy, original listing
Name
Century 21 Legacy
Phone
(423) 239-6112
Office Name
Century 21 Legacy Col Hgts
Office Phone
(423) 239-6112
Agent Name
Amanda Green

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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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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.