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315 Laurel Hollow Rd
Clinton, TN 37716
Betsy Coleman with Betsy Coleman Realty Co., original listing - (865) 220-8881
$399,900
Conventional
Property
Bedroom
2
Bathroom
Full: 1
Property Type
Conventional
Square ft
996 Square Feet
Property Description
315 Laurel Hollow Rd. is a unique and charming property offering a perfect blend of privacy, custom details, and potential for more square footage in the unfinished additional structures. Whether you are lookinfg for a peaceful retreat or want to build a functional mini-farm, this home on 5.5 acres provides the perfect canvas for your vision. Situated approx 10 miles from Oak Ridge and 10 miles to Clinton, you will have city shopping while being nestled on 5.5 wooded private acres providing a serene and secluded environment. This charming farmhouse features custom details such as stained glass windows, fireplace shield, (fireplace is non-functioning) with hand carved oak mantel, and custom transom. Central heat and air condition installed but supplemented by a wood burning stove in family room that will heat the home! Wild flowers and foliage bloom year long offering a continuous supply of fresh bouquets. Inviting front rocking porch for your relaxation and enjoying nature. Bead board walls and ceilings enhance the parlor as you enter the home. Cozy eat-in kitchen for family meals and gatherings. Spacious walk in closet in primary bedroom for organized storage. Two car detached garage/workshop with a loft that could easilybe finished for additional living space. Custom made walking stones between the shop and the home. On the other side of the home is an unfinished pole barn/shed that could be renovated into a lovely studio or office and features another stained glass window and creates the opportunity for endless possibilities for your customization and persoanl touches. Call today to schedule your private tour of this amazing piece of history!
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1935
MLS Number
--
Location
Address
315 Laurel Hollow Rd
City
Clinton
State
TN
Zip Code
37716
County
ANDERSON
Listing
Name
Phone
(865) 220-8881
Office Name
Office Phone
(865) 220-8881
Agent Name
Betsy Coleman
Agency Phone
(865) 220-8881

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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.