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3670 Channel Drive
Louisville, TN 37777
$1,599,900
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
3768
Property Description
Discover the epitome of comfortable lakefront living at this distinctive residence with guest house nestled on the main channel of Ft. Loudon Lake. Set within a secluded neighborhood on more than an acre of land, this distinguished property offers almost 200 feet of pristine shoreline, ensuring an unparalleled sense of privacy and panoramic lake views. Offering over 3,100 square feet of living space, the main residence features 3 bedrooms, 3 full bathrooms, and a powder room. With en suites on both the upper and main levels, the homeowners can choose which view of the lake they would like to awaken to each morning. The living rooms on the main and lower floors provide an ideal setting for both relaxation and entertainment, each boasting deck access and a fireplace. The screened-in porch off the kitchen dining area offers a delightful space to appreciate the picturesque surroundings and the convenience of comfortable seating or dining all year long. The fully-equipped lower level which opens directly to the pool deck, comes complete with a second kitchen, rec room, full bathroom, laundry facility and bedroom providing the perfect indoor-outdoor space with access to the refreshing pool outside or a cool escape from the summer sun inside. The home also features ample parking and storage options with a pass-through single-car garage on the main level, as well as a two-car garage, and a full, unfinished workshop beneath the guest house. Beyond the main residence, the cottage offers approximately 600 square feet of living space and becomes an ideal retreat for out-of-town guests, the in-laws, or even a potential short-term tenant. This separate dwelling is equipped with a bedroom, full bathroom and a convenient kitchenette, as well as a large, covered front porch overlooking the pool deck and lake. The newly lined, 36,000 gallon saltwater pool also overlooks the lake, creating a near infinity pool effect. Entertain on the spacious deck with multiple areas to choose from, enjoy a cozy fire in one of the two fire pits, or stroll down to the private dock for even more water recreation options. The steel post dock was built to last and features composite decking and metal roof. One boat slip offers a 10,000 lb lift and is large enough to accommodate a 24 ft craft. The other slip comes complete with two designated jet ski lifts. Conveniently located just minutes from Maryville, this exceptional property presents an unparalleled opportunity to own and experience a comfortable, laid-back, lakeside lifestyle. Schedule a private viewing to explore the timeless and unique features that make this lakefront retreat truly extraordinary.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1979
MLS Number
1249473
Location
Address
3670 Channel Drive
City
Louisville
State
TN
Zip Code
37777
County
BLOUNT
Listing
Provider
LeConte Realty, LLC., original listing
Name
LeConte Realty, LLC.
Phone
(865) 268-4180
Office Name
LeConte Realty, LLC
Office Phone
(865) 268-4180
Agent Name
Eric Rice

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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.