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214 Sw Pleasant Grove Ln
Mcdonald, TN 37353
$1,575,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3400
Property Description
Custom built family home sitting on 36.2 acres. 3 bedroom, 2 1/2 baths, hardwood, carpet and tile floors. Large eat in kitchen with a propane gas log fireplace that also is mirrored in the formal living room. Double sinks in the full baths and a jetted tub in the master. The laundry room is just off the kitchen. A bright sunroom to enjoy your days and nights gazing out to your property. Double staircases to access your oasis upstairs that features a sewing/craft area, two bedrooms, full bath and large den. Walk in closets and attic storage abounds. Outside you have fenced pastures for farm animals, with an old barn, hay barn, workshop with power and an outbuilding with power. Six faucets strategically around the property that are well water for watering your yard or animals plus two ponds. City water inside the home with a filtration system. Rocking chair front porch, deck overlooking the back with access from the kitchen and side deck from the sunroom to enjoy your property. Plenty of room for a garden. Attached two car garage. 4 minutes to interstate I-75 exit 20.
Property Information
Lot Size
36 acre(s) square ft
Property Type
Residential
Year Built
1999
MLS Number
1384042
Location
Address
214 SW Pleasant Grove Ln
City
McDonald
State
TN
Zip Code
37353
County
BRADLEY
Listing
Provider
Crye-Leike Realtors, original listing
Name
Crye-Leike Realtors
Phone
(256) 656-8747
Office Name
Crye-Leike, REALTORS
Office Phone
(423) 756-0771
Agent Name
Julie Chamberlain

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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.