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156 E Leatherwood Drive
Walland, TN 37886
$1,250,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3352
Property Description
Properties like this are far and few between. The combination of location, river frontage, superior quality construction, and extra features make it both an extraordinary value and super rare! Located just 10 min drive from Townsend, TN, the kindest most peaceful place in the Smokey Mountains with access to multiple area attractions, 20 min to major airport (TYS), and 15 min to Maryville, TN, 10 min to Blackberry Farm or Mountain or 30 min drive to Cades Cove. The home itself is a significant structure that can comfortably sleep 12 adults. All log, post and beam construction sitting on block and stone double think foundation walls guarantees this place was built to last. It is currently in excellent move in ready condition and has been improved significantly by the current owners. The property includes beautiful water frontage on the Little River and provides access to kayaking, canoeing and exceptional trout fishing. The home has a primary suite on the lower level with daylight access from outside with no steps. The main level has an additional main bedroom and en-suite. The great room open concept vaulted ceiling floor plan includes a large kitchen with pantry, large living area and a dedicated dining space with a wall of windows providing natural light and scenes of the wooded landscape. A large level grassy backyard contains two outbuilding for additional storage, a registered apiary, and plenty of room for gardening or outdoor sports activities. The garage has been built with the same architectural soundness and the pad was poured to support a car lift. This space can easily house two large vehicles and at the same time be home to a workshop and offer tons of extra storage. With some minor modification there is ample room at the top of the property for RV parking. So, whether you are looking for a dream home private primary residence or a second home with income producing potential, this property is really ideal and set up for either. PLEASE CALL US DIRECTLY TO SCHEDULE A SHOWING OR WITH ANY ADDITIONAL QUESTIONS ABOUT THIS PROPERTY!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2000
MLS Number
1264738
Location
Address
156 E Leatherwood Drive
City
Walland
State
TN
Zip Code
37886
County
BLOUNT
Listing
Provider
Keller Williams Realty, Knoxville-West, mc814, original listing
Name
Keller Williams Realty, Knoxville-West, mc814
Phone
(865) 694-5904
Office Name
Keller Williams Signature
Office Phone
(865) 588-9300
Agent Name
Jennifer Cook

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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.