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721 Powder Branch Road
Elizabethton, TN 37643
$679,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3563
Property Description
This property is a true gem, offering a blend of comfort, luxury, and versatility. Upon entering, you'll be welcomed by an expansive open floor plan featuring soaring ceilings. Throughout, you'll find exquisite wood plank ceramic flooring, ensuring both durability and low-maintenance living. The kitchen is equipped with high-end appliances that all convey, soft-close drawers, & stunning granite countertops. The covered back patio boasts composite decking and a hot tub. The large master bedroom ensuite features a multi-shower head-tiled shower, a double sink vanity, and a custom walk-in closet. The two additional bedrooms share a Jack-and-Jill bathroom while maintaining private sink areas. Additional amenities abound, including a garage apartment with a full bath, offering the flexibility to be a private space or an extension of the main home. The three-car garage features high ceilings, accommodating taller recreational vehicles, and a new fence secures the backyard, making it a safe haven for your pets. For added convenience, the property is equipped with a keyless entrance, central vacuum, and remote control ceiling fans. Outside, the 1.23-acre landscape comes with the added benefit of underground utilities and 2 French drain systems. The front porch has been recently redone, which included lifting and reinforcing by building an additional block wall under it for support. Also, the entire crawlspace has been professionally encapsulated, which includes a new dehumidifier. This comes with a 25-year transferable warranty and a 5-year service contract at no additional costs to buyers. The crawl space will make a perfect storage area since it is airtight and keeps moisture and rodents out. Other benefits include improved air quality, reduced energy costs, and greater floor protection. As a bonus, homeowners have the option to join the Quail Hollow homeowner association, offering access to the pool and clubhouse. Buyer/Buyer's agent to verify any and all info.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2017
MLS Number
9964137
Location
Address
721 Powder Branch Road
City
Elizabethton
State
TN
Zip Code
37643
County
CARTER
Listing
Provider
Lantern Realty & Development, original listing
Name
Lantern Realty & Development
Phone
(980) 333-8085
Office Name
Lantern Real Estate
Office Phone
(423) 512-4050
Agent Name
Wendy Gass

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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.