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2450 Crescent Lake Place
Johnson City, TN 37615
$1,145,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
6541
Property Description
Your dream home awaits... This pristine Frank Betz design is nestled in the prestigious Highland Ridge subdivision in one of the best locations in the neighborhood. It's at the end of a beautiful, quiet cul-de-sac, adjacent to the community walking trails. Inside you will be greeted by soaring ceilings, elegant crown molding, gleaming hardwood floors, and an abundance of natural light. This 5 bedroom 5 bath is an absolute showstopper with a massive dream kitchen, gorgeous granite countertops, top-of-the-line appliances, walk-in pantry, and a wonderful eat-in kitchen area. Relax in the cozy keeping room just off the kitchen or the spacious family room (both complete with fireplaces). It's a perfect layout! The exquisite master on main with tray ceilings and private sitting area will be a welcome retreat after a long day. Take in the view of your spacious backyard from your large deck or lower patio off the finished basement space. Both areas are perfect for entertaining or just enjoying a beautiful Tennessee day. You will be amazed at all of the storage space this home has to offer! It even has a private workshop that would be any homeowner's dream. Meticulously maintained, this home has been extremely well cared for. Between the walking trails, fishing ponds, clubhouses, and 2 swimming pools, you'll never run out of things to do. Also, it's just a short drive to local shopping, restaurants and everything you need. All of this and the home resides within the highly sought-after, award-winning Towne Acres, and Science Hill school districts. It's the one you've been waiting for! Call and schedule a private showing before it's gone! Some information provided by third party sources. All info deemed reliable but not guaranteed. Buyer/Buyers' agent to confirm all information contained herein. Please use shoe covers.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2008
MLS Number
9962766
Location
Address
2450 Crescent Lake Place
City
Johnson City
State
TN
Zip Code
37615
County
WASHINGTON
Listing
Provider
WATKINS HOME TEAM, original listing
Name
WATKINS HOME TEAM
Phone
Office Name
Watkins Home Team
Office Phone
(423) 302-0675
Agent Name
Patrick Watkins

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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.