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7525 Mt Carmel Road
Decaturville, TN 38329
Pat Doyle with Hayden Outdoors Real Estate, original listing - (970) 674-1990
$1,895,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
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Property Description
Beautiful waterfront development property located approximately 1 hour and 45 minutes west of Nashville, Tennessee along the banks of the Tennessee River. Development ideas include, 1) sell the remaining available lots and add a revenue generating dry storage facility onsite, and / or 2) sell the premium waterfront lots while developing short term rental areas with a combination of small cabins, plus RV pads with hook-ups. The total footprint of the property is approximately 189 acres. However, upon subtracting the sold lots along the east side as shown in the map attached, it is estimated that the total acreage to be conveyed upon sale will be approximately 170 +/- acres. New survey to confirm Approximately 1.5 miles of waterfront frontage with a combination of the Tennessee River and White's Creek Approximately 2000 feet of county road frontage on Mt Carmel Road Private boat launch on the Tennessee River Utilities already in place include electric, fiber optic internet wifi, city water Oxbow lake on the north side of the property provides inland fishing opportunities Excellent outdoor recreation throughout the property The vast majority of the market value is placed on the lot sales potential within the 46+/- acres on the east side of the property, plus the possible dry land storage high ground area near the main gate (see the map attached). Other than the high ground area on the west side near the gated entry to the property, the balance of the acreage is technically in floodplain like most waterfront properties along the Tennessee River, so proper elevated construction is required Private boat launch on the Tennessee River Boating Fishing Water sports Hunting ATV Tennessee River Golf Club is located just 4 miles north on Mt Carmel Road Approximately 100 acres is currently planted in soybeans. This revenue generating tillable ground has been rotated between corn and soybeans for several years The Decaturville, Tennessee area experiences 4 distinct seasons of weather. Springtime green-up is beautiful with comfortable daytime temperatures in the 60's and 70's. Summertime highs range from the mid 80's to low 90's making it ideal for water sports. Fall colors are gorgeous and temperatures are generally in the 70's and 80's. Winter is moderate by most standards boasting daytime temperatures in the 50's and nighttime lows in the 40's - with the rare, but seemingly always welcomed light snowfall 20 minutes from Parsons, TN (grocery, restaurants, shopping) 40 minutes from Benton County Regional Airport 60 minutes from Jackson, Tennessee 1 hour and 45 minutes from Nashville, TN 2 hours from Memphis, TN  
Property Information
Lot Size
170 acre(s) square ft
Property Type
Farm-Farm
Year Built
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MLS Number
--
Location
Address
7525 Mt Carmel Road
City
Decaturville
State
TN
Zip Code
38329
County
DECATUR
Listing
Name
Phone
(615) 490-2771
Office Name
Office Phone
(970) 674-1990
Agent Name
Pat Doyle
Agency Phone
(970) 674-1990

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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.