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164 Logans Bluff
Bean Station, TN 37708
Felix Valdes with Cherokee Lake Realty, original listing - (865) 471-8222
$799,900
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
3800 Square Feet
Property Description
NEW CONSTRUCTION AT CHEROKEE LAKE!Completion is scheduled for June. Buy now and pick your interior colors, granite, flooring, other options, and purchase the home for $799,900. Once the home is in the final phase of construction, these choices will no longer be available, and the completed price of the home will be $849,900.It will be extremely difficult for you to find a lakeview home that is for sale with a better panoramic view of Cherokee Lake. Unobstructed views of Cherokee Lake and the surrounding mountains for miles and miles! The inlets, coves, and islands that dot Cherokee Lake create a scene that viewed from this home is priceless. Photos do not do this property justice; you must see it for yourself. The site has underground electricity so there are no ugly power lines to interfere with the views. The way the lot lays there is not a home that can be built in front of you to block this amazing view. This is so critical. Over the years we have met families that bought their dream property, and as lots were sold off, their dream property, with their dream view, was no more. This will not be the case with this one. Dream view today. Dream view tomorrow! Farmhouse style design accented with stacked stone throughout the home's exterior. Solid poured concrete wall foundation, no block construction as typical in this area. When building a house on a block foundation, it's only a matter of time before the mortar joints crack. This is why you see so many commercials on television to repair foundation issues. This home is solidly built, it isn't going anywhere! An abundance of windows throughout the entire house, 9-foot ceilings with recessed can lights, fireplace, upgraded granite countertops with thick 4-inch overhangs, cabinets with soft close drawers, separate laundry room, pantry, custom tiled zero-entry shower. Large covered rear deck area, with Trex-style flooring, vinyl deck rails, and as mentioned, a fabulous view of Cherokee Lake and the surrounding mountains. There have been some adjustments to the floor plan displayed. The garage has been made deeper. The square footage has increased to 1900 sq ft on the main level with the size of the basement increased as well. The basement has nine-foot walls and an abundance of windows with its own entry door. The basement is unfinished but has already been plumbed for an extra bathroom. Add all this square footage up and you're looking at just under 4,000 square feet of living space. Plus, a front porch. Plus, the deeper garage. Plus, the rear deck. A lot of house. This home not only adds up to quality construction but practicality throughout! Move to the Cherokee Lake area. Four full, mild seasons. Within an 8-hour drive of 20 states, making it easy for your family to visit and you visit them. Located in Grainger County, with its low property taxes, scenic farmland, but close to all necessary amenities. Close to the town of Morristown. Restaurants, malls, theaters, hospitals, schools, and retail shops are all nearby. Marinas and boat launching ramps are all within 2 miles. Golf courses are close by. Looking for paradise? It doesn't get much better than this.Live the Cherokee Lake Life!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2025
MLS Number
--
Location
Address
164 Logans Bluff
City
Bean Station
State
TN
Zip Code
37708
County
GRAINGER
Listing
Name
Phone
(865) 471-8222
Office Name
Office Phone
(865) 471-8222
Agent Name
Felix Valdes
Agency Phone
(865) 471-8222

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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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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.