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321 Pitt Road
Kingsport, TN 37663
$1,167,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
4208
Property Description
321 Pitt Road is a fisherman's dream! Situated on Patrick Henry Lake, this home offers rare amenities: a covered dock with an electric boat lift, a spacious dock surrounding the boat lift, an elevator that leads from the top level of the deck down to the lake level dock, and a huge spacious deck that spans the entire length of the home. An irrigation system that uses lake water is waiting on you to add your favorite hanging baskets and planters to make this outdoor space your very own. The home also boasts a generator that can accommodate the entire home, and it's automatically updated every Saturday. Every portion of the main level of the home is equipped for wheelchair accessibility, and that includes the front porch and the back deck. There is also an adorable stream that flows along the north side of the property, and across the road, lot #6A is included in the overall listing price of this property. Entering through the front door a spacious entryway welcomes you, and to your immediate right is the laundry room which offers storage and lots of space; plus, you can enter the primary bath from the laundry room. The primary bath and suite offer plenty of space, cedar lined closets, a roll-in shower, and a roll under vanity. Tray ceilings, chair rails, and crown molding add intricate details of design throughout the home. Open concept and high ceilings make a huge difference in the overall feeling of spaciousness in the kitchen and living room. The pantry allows for roll-in and turn around space and offers plenty of storage. The dining room offers entry through the kitchen or the entryway. Upstairs you'll find 2 bedrooms, a large bonus room, two full bathrooms, and ample closet space. Finally, the concrete driveway provides a wide parking space and the garage contains storage space and plenty of room for three cars. Other significant details: surround sound, gas logs, gourmet kitchen, travertine flooring in entry and backsplash, Pella windows & interior blinds.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2007
MLS Number
9964778
Location
Address
321 Pitt Road
City
Kingsport
State
TN
Zip Code
37663
County
SULLIVAN
Listing
Provider
Summit Properties, original listing
Name
Summit Properties
Phone
(423) 830-1133
Office Name
Summit Properties
Office Phone
(423) 830-1133
Agent Name
Angela Harris

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Larry LeSueur
LPT Realty LLC
Call Today!: (423) 631-8232

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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.