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251 Fee Trail
Ewing, VA 24248
$1,400,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
5900
Property Description
Come on out to your little piece of paradise!! Beautiful 360-degree view of mountains from this newly built 6-bedroom 6 bath home With a Full Kitchen in the Basement built for the nature lover. Buyers will assume current assessed value on property as per tax office - Buyer to verify. Mountain views from every room. The house has a very open floor plan and a 3 Car attached Garage with an overhead Bonus Room has so many upgrades such as the two Geothermal Heat Pumps, 600 Amp Electric Service, the perfectly separated Pex Plumbing System, the house is built with 2X8 and 2X6 Walls. The breakfast Area is overlooking the serene park like setting again with the most awesome view of the mountains. This is only the tip of the many amenities that this property has to offer. See Attachments for all other amenities!!! Other amenities would be the Saltwater Pool, The Hot Tub Right out the door of the Master Bedroom... property. The Metal Barn is neat, organized, clean and ready for the farm operation. You can drive a 4-wheel truck over the 20+/- Acres that has already been fenced. A survey will be required. Up to 84 additional acres is available for purchase as well. The property has a pond that are spring feed, one of which is a stocked pond. On top of the property, you can see mountains for 100's of miles. Like it was stated previously this is a slice of paradise. You could raise a lot of cattle, have a really nice horse farm, create a beautiful Bed and Breakfast. There are simply so many possibilities. Or you could purchase it and retire in the comfort of this custom-built Craftsman Home and simply relax with the amazing million-dollar views. It is located between Kentucky and Tennessee and only minutes to Shopping and Civilization. Welcome to the dream that keeps coming back to you every time you think of moving to paradise! This is 104 acres with a 6000+/- Sq Ft six-bedroom/ six-bathroom house with two kitchens and two laundry rooms. Two fireplaces that can be either propane or wood burning. Both currently have gas logs. The family room has a two-story fireplace to relax while you have the most beautiful view of the Cumberland Mountains. The kitchen panoramic views overlook a 20X40 Salt Water/ heated and cooled Pool with a stage of mountains in the background. Come enjoy the two covered decks, one in front for your morning coffee and the rear deck for entertaining. There is also a 5-person hot tub on this level for the beautiful, stared nights. The property is completely fenced and cross-fenced with beautiful peaks that are 200 plus feet above the house, with views of the valleys and mountains throughout Virginia and Tennessee. Ride around your property on your 4-wheeler or side by side and go back in the woods to almost an acre pond for happy hour or just watch and listen to the birds and other wildlife. This home comes with a 60X30 Garage with a bonus room above it for storage or it can be finished out into a man cave, or she cave. Three barns are with dimensions of 60X40, 60X30 with electric and water and a 40X20 squeeze shoot alley way already set up for livestock. The professional landscape is one of a kind with all sorts of trees and evergreens. Something is always flowering or green all year long. The property has been used for cattle with grazing and hayfields. The acreage is plumbed for water feeders throughout for livestock. Also, with Lincoln Memorial University nearby, the house has four bedrooms/ four bathrooms downstairs of which only three are currently being rented for $2250/ month total. A fourth bedroom is available to rent as well. Another way to boost your revenue on this one and pay your property taxes and insurance would be to use the barns for the veterinarian students if they have horses. Too much to mention here. It's just one of those scenarios where you just have to see it to believe it.
Property Information
Lot Size
20 acre(s) square ft
Property Type
Residential
Year Built
2015
MLS Number
9950960
Location
Address
251 Fee Trail
City
Ewing
State
VA
Zip Code
24248
County
LEE
Listing
Provider
SAXON CLARK REAL ESTATE GROUP, original listing
Name
SAXON CLARK REAL ESTATE GROUP
Phone
(423) 765-9118
Office Name
Weichert Realtors Saxon Clark KPT
Office Phone
(423) 765-9118
Agent Name
Dwayne Powell

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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.