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293 Platinum Drive
New Tazewell, TN 37825
Anita Farley-Guynes with Wallace, original listing - (865) 687-1111
$1,500,000
Conventional
Property
Bedroom
3
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
3198 Square Feet
Property Description
Spectacular, amazing, extraordinary! There are many other superlatives for this Norris Lake new construction lakefront property. Located in the ultra scenic Rock Harbor Subdivision, Driving into the entrance to the subdivision you will immediately know you are in a special place. The gently winding road (Smokey Quartz) leads to the top of the ridge where you will pass the recreation area with putting green, sand volleyball, tennis courts and more. Just past the rec area you will come upon the most amazing panoramic view. As you proceed to Platinum Dr you will pass through the marina entry and drive up the semi-private gated driveway. You will quickly note a few things very different about this home: loads of parking. As you enter the charming front door the dramatic cathedral ceiling envelopes the dining, kitchen, living and loft areas. The kitchen has white cabinets with ample storage, quartz countertops and backsplash, eating island, stainless steel appliances, self assist drawers and doors on cabinets. The living area has a rustic stone floor to ceiling fireplace/chimney with propane gas fireplace, And a bonus: custom wooden mantel. The floor like all floors in the home are Spanish porcelain tile that are not only lovely but lake functional. But the star of the show is the view out the massive Anderson doors windows overlooking the main deck and the lake beyond. Both decks are made of composite materials and run on two levels across the entire width of back of home. The decks are massive and would be an amazing entertaining spot. Or maybe a quiet place to enjoy a private dinner. The main level also boasts a split bedroom plan with an ample master bedroom suite. The master also has french doors leading onto main deck. in the master bath are double sinks and a tile and glass shower with overhead rain shower. On the opposite side of the home are two more bedrooms and a well appointed full bath. Overlooking the front and rear is the loft with room to be a bedroom, or office, or library. And quite a view. Including two skylights. Downstairs are three main areas that allow you to use your imagination to utilize. Media, lounge, gaming, many other possibilities. The smaller room would make a great bunk room or storage. Downstairs also has multiple doors leading to the lower deck. More views. There is also a full bath downstairs. Outdoors are two large decks and steps leading to the lake. A graded area off driveway could make for overflow parking. This is an amazing property, new construction, with views that are incomparable. As an owner in Rock Harbor you are entitled to rent a slip at the marina, Slips are covered and have electric and water. Buyer to verify all information and measurements.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Other
Year Built
2024
MLS Number
--
Location
Address
293 Platinum Drive
City
New Tazewell
State
TN
Zip Code
37825
County
CLAIBORNE
Listing
Name
Phone
(865) 584-4000
Office Name
Office Phone
(865) 687-1111
Agent Name
Anita Farley-Guynes
Agency Phone
(865) 687-1111

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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.