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6107 Harrison Ln
Harrison, TN 37341
Kathy Lawson with Elite Properties, original listing - (423) 508-8012
$3,100,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
5706 Square Feet
Property Description
Luxurious lake living at its finest. This beautiful all brick custom built home has so many maintenance free benefits, which means more time to enjoy the approximately 290 foot of lakefront it has to offer. It holds an awesome county location, just down Highway 58 by land and directly across the water from the Chattanooga Yacht Club. This home has some exquisite design qualities, including lots of built ins, tray ceilings, real oak hardwood flooring throughout, beautiful decorative columns in the living room and dining areas. The kitchen boasts of updated designer cabinets, granite, and stainless appliances. The large open floor plan has a giant stone gas log fireplace. Every room in the home has tons of windows, which allows the entire back of the home, on both floors, to overlook the water. The master suite is an entire wing of the home. It has a gorgeous view of the water and walks out to the covered porch, which spans, the entire length of the home on both floors. The master also has two large walk in closets, which lead into the luxurious master bath. This area includes an oversized custom tile shower, an extra large whirlpool tub, lots of vanity space including a makeup seat and area. In addition to the 5 bedrooms, there are 2 large multifunctional rooms, one equipped with a kitchenette/ bar. Walk out form your choice of rooms downstairs onto the tile covered porch, overlooking the lake and your own personal gunite/ pebble inground pool, complete with beach wading area and diving board. Did I mention the large circular driveway, and additional parking? Let's not forget this home has it's own private boat ramp AND large boat dock, which includes a 25,000 pound boat lift! The front of the home has not one but two gates allowing privacy into the entrance of this showplace! The land is approximately 1.5 acres, and pancake flat front yard, and mostly flat rear yard, at it's worst spot it is onlyagent,e slope! There is so much more!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2002
MLS Number
--
Location
Address
6107 Harrison Ln
City
Harrison
State
TN
Zip Code
37341
County
HAMILTON
Listing
Provider
Elite Properties, original listing
Name
Phone
(423) 320-4365
Office Name
Office Phone
(423) 508-8012
Agent Name
Kathy Lawson
Agency Phone
(423) 508-8012

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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.