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956 Highway 61
Andersonville, TN 37705
$850,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
3306
Property Description
This Unique and stunning, custom build on 8 acres of usable land is priced to sell! From wide open to gently rolling land that has been cleared and maintained to dual driveways, wrap around front porch and a back porch ready to be screened in the outside has as much to offer as the inside. As you enter from the wrap around front porch, you will see vaulted cathedral ceilings, trayed ceilings and Modern farmhouse light fixtures that accent each room. The open concept kitchen hosts a large island with seating and in kitchen dining area makes a great gathering place. The custom cabinets and the island offer tons of organization and storage. The Pantry is large and offers a blank slate to organize your household. The fireplace is the center piece of the main level adding cozy character to the entire home. This is where you can place your center piece furniture as everything on the main level surrounds the center in a functional, yet open concept.. The custom built-ins are great for decor or media. The primary suite with trayed ceiling and large windows for natural light is located on the main level. The Custom Bath is stunning with various stones, tiles and custom cabinets that add textures to the design. With a Spa/soaking tub and a walk-in tile/stone shower, you will have a spa like experience at home every day! The upper level includes bedroom 2 and 3 as well as bath number 2. Both rooms host walk-in closets and a linen/storage closet is located at the end of the walk way atop the beautuful staircase with custom wood and rod iron railing. The unfinished basement is framed in for an ensuite on one side with lots of storage and a garage door for ATVS, mowers or anything alike. There is room for tool storage. So many possibilities. The 2 Car Oversized Garage is on the main level and has a bonus room that extends over the garage. It is framed in and has electrical. There is a well located on the property. The sellers are unaware if it currently works or its location. Buyer to verify functionality and location. This home was acquired as an estate. The heirs acquired the property when it was almost finished. They have done some extensive work to list the property, but there is a little left to finish it. There is a list of finishes/repairs in the documents of this listing. It needs your finishing touches. The ARV on this home is much more than listing price, the finishes needed have been accounted for in the listing price. Refridgerator does not convey. Buyer to verify all squarefootage.
Property Information
Lot Size
6 acre(s) square ft
Property Type
Residential
Year Built
2019
MLS Number
1257866
Location
Address
956 Highway 61
City
Andersonville
State
TN
Zip Code
37705
County
ANDERSON
Listing
Provider
Rocky Top Realty, original listing
Name
Rocky Top Realty
Phone
(865) 498-0183
Office Name
Rocky Top Realty
Office Phone
(865) 498-0183
Agent Name
Tera Jones

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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.