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2591 Heron Cove Ln
Soddy Daisy, TN 37379
$2,200,000
Conventional
Property
Bedroom
4
Bathroom
6
Property Type
Conventional
Square ft
4782
Property Description
Waterfront - Just in time for Summer! Stunning, 4 bedroom, 5.5 bath home with a 3 bay garage strategically positioned on a .88 +/- acre lakefront lot with a covered dock with 2 boat slips, a sundeck and 2 floating docks in the desirable Rivers Edge subdivision in Soddy Daisy. Custom built by Dexter White, this beautiful home exudes curb appeal with its circular driveway with center fountain, as well as the mature landscaping and outdoor lighting, and the back elevation is equally impressive with its multiple patios, screen porches and deck that all take advantage of the serene water views. Some recent updates include the updated kitchen, primary bath, wet bar and laundry room, paint, roof (4 +/- years), new exterior railings, encapsulated crawl spaces and more. You will also love the hardwood and tile floors, specialty ceilings, crown moldings, Anderson windows, French doors, granite countertops, surround sound wiring, the primary suite on the main, a daylight basement, fantastic storage, wonderful outdoor living spaces and a nice back yard for pets or play. The main level features a foyer, formal dining room with an adjoining wet bar, a great room with a gas fireplace that opens to the kitchen area and has French doors to the rear trex deck. The kitchen is open to the breakfast and keeping area and has access to one of two screened in porches. It also has a large center island with extra sink, tile backsplash, farm sink, downdraft gas cooktop, convection wall oven, microwave and warming drawer, and cabinet-style refrigerator. The primary bedroom has another gas fireplace, a private screened porch and additional access to the center deck. Double doors lead to the primary bath with separate vanities, a jetted tub, double shower and a large walk-in closet with organizer system. A powder room and laundry room round out this level. Head upstairs where you will find three additional en suite bedrooms, a 2nd laundry and attic storage. The terrace level offers a flex space with a family room, refreshment center, sitting room, a full bath, a large storage room for all your lawn and lake toys, and access to the 3 lower covered patios. Just in time for summer, this home offers the discerning buyer a well-maintained home in a beautiful waterfront locale, close to schools, shopping, restaurants and approximately 30 minutes from downtown Chattanooga, so please call for more information and to schedule a showing. Information is deemed reliable but not guaranteed. Buyer to verify any and all information they deem important.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2003
MLS Number
1389416
Location
Address
2591 Heron Cove Ln
City
Soddy Daisy
State
TN
Zip Code
37379
County
HAMILTON
Listing
Provider
Keller Williams Realty Greater Downtown, original listing
Name
Keller Williams Realty Greater Downtown
Phone
(423) 664-1900
Office Name
Keller Williams Realty
Office Phone
(423) 664-1900
Agent Name
Jay Robinson

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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.