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292 Deer Meadow Circle
Lafollette, TN 37766
Ryan Coleman with Hometown Realty, LLC, original listing - (865) 693-7653
$1,299,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
5134 Square Feet
Property Description
Luxury WATERFRONT living at its finest! Welcome home to Deerfield at Norris Lake, where you're just a quick golf cart ride to your covered slip and lake activities. This home boasts quite a prominent curb appeal with panoramic lake views at its back, double driveways and garage parking. The vaulted covered front porch with leaded glass entry door marks a grand arrival reminiscent of a resort, and stepping inside, this feeling is only further enhanced with a voluminous open layout that seems to go on forever! The vaulted ceilings allow for windows of various heights, where natural light and magnificent views fill the interiors. This home combines elegant design with natural beauty, perfect for those seeking both comfort and luxury on a grand scale. Original hardwood floors flow throughout the main living areas, enhancing the home's classic appeal. A culinary sweet spot, the large and in-charge kitchen is prepared with ample prep space including center island with raised edge bar, built-in appliances and gleaming granite countertops. The adjacent dining room is paired with wet bar featuring beverage chiller and wine rack. Ultimate comfort is easily achieved in the living room where a stacked stone fireplace summons a cozy ambiance for relaxing evenings at home. When entertaining, this gracious home makes room for everybody both inside and out with screened, covered and uncovered lakeview decks spanning the rear of the home across both the main and lower levels. Grill, dine, sip, toast and savor every minute of this alfresco retreat, where the sublime views create a rich focal point for every activity and occasion. Back inside, the main level primary is divinely palatial in scale, heightened by tray ceilings and glass sliders to the deck. The sumptuous ensuite indulges with luxury soaking tub set within a large bay window with breathtaking lake vistas. A separate spa shower waits to pamper, along with dual sinks and a dream walk-in closet outfitted with custom shelving and island. Each bedroom is privileged to enjoy deck access with lake views, making each room a treat for the senses. The lower level goes all out with huge game room/flex space featuring a cozy stacked stone fireplace and numerous sliding glass doors to the lower covered lakeview deck. A tremendous laundry room offers an immense amount of countertop space and cabinet storage, along with deep rinse sink, it also has a full size refrigerator and microwave for guest on lower floor. The garage space is great parking for your vehicles or golf carts, along with countertop space for workshop tinkering, and a 50amp service is available on the right driveway, with plenty more parking for owners or guests in the left driveway. This is truly a home to create memories! Don't let this one slip away!! Buyer to verify all information.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Other
Year Built
2002
MLS Number
--
Location
Address
292 Deer Meadow Circle
City
LaFollette
State
TN
Zip Code
37766
County
CAMPBELL
Listing
Name
Phone
(865) 693-7653
Office Name
Office Phone
(865) 693-7653
Agent Name
Ryan Coleman
Agency Phone
(865) 693-7653

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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.