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2395 Babbs Mill Rd
Afton, TN 37616
$1,500,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
Nestled amidst the rolling countryside, this 97-acre farm is a picturesque slice of rural paradise, teeming with natural beauty and opportunities for agricultural and recreational pursuits. This expansive property combines a trifecta of features: a meandering creek, sprawling timberland, and fertile, usable land. This farm is a haven for both nature enthusiasts and those with an agricultural vision. Your new farm is a patchwork quilt of diverse landscapes, each contributing to its unique charm. At the front of this idyllic farm, a year-round creek runs its way throughout the length of the property. The creek, clear and babbling, serves as both a visual and auditory delight. It is a vital water source, meandering gracefully creating a soothing ambiance with its gentle rippling, and offering various water-related activities. The creek provides an oasis for wildlife, attracting deer, turkey, and a wide variety of birds, making it a dream for birdwatchers and wildlife enthusiasts. Water from the creek can be harnessed for irrigation and livestock, ensuring the farm's self-sustainability. The banks of the creek are lined with lush vegetation, making it an enchanting spot for leisurely picnics or tranquil moments of reflection. Surrounding the creek, fertile stretches of usable land stretch out in gentle undulations, a canvas waiting to be painted with the colors of agriculture. Here, the soil is rich, a testament to years of careful stewardship and a testament to the land's potential for bountiful harvests. There are multiple build sites on the property for your dream home and homes for loved ones. As you venture further, a majestic stand of timber emerges of nature's design - towering oaks and sturdy walnuts. The timber not only provides a habitat for countless creatures, but also serves as a renewable resource, offering both shade and the potential for sustainable wood harvesting. The timber on this land includes White and Red Oak, Black Walnut, Hickory Nut, Wine Berry, Mulberry, and rare Pawpaw trees. The setting sun casts long, golden shadows across the landscape, painting the fields and woods in hues of amber and russet. The creek's waters reflect the fiery sky, creating a tableau of nature's own design, a testament to the cyclical beauty of life on this farm. Your new adventure awaits with 2,100 feet of road frontage; the possibilities are endless!
Property Information
Lot Size
97 acre(s) square ft
Property Type
Lots And Land
Year Built
--
MLS Number
1247774
Location
Address
2395 Babbs Mill Rd
City
Afton
State
TN
Zip Code
37616
County
GREENE
Listing
Provider
Keller Williams Realty, Knoxville-West, mc814, original listing
Name
Keller Williams Realty, Knoxville-West, mc814
Phone
(865) 694-5904
Office Name
Keller Williams Realty
Office Phone
(865) 694-5904
Agent Name
Chris Ball

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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.