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471 Chelaque Way
Mooresburg, TN 37811
$1,395,000
Conventional
Property
Bedroom
3
Bathroom
6
Property Type
Conventional
Square ft
5485
Property Description
Discover your dream lake home in Chelaque Estates, an enclave of luxury and serenity on the shores of Cherokee Lake. This meticulously maintained residence isn't just a home; it's a lifestyle retreat designed for those who seek tranquility, comfort, and a touch of elegance in their everyday living. With this exquisite home, you'll find yourself boasting an impressive 750 ft of shoreline on the main channel of Cherokee Lake, ensuring year round water access and views. Situated on a sprawling double lot encompassing 1.4 acres, this one-of-a-kind luxury retreat offers privacy, space, and direct connection to the water's edge. From the moment you step onto the property, you're greeted by breathtaking views from Andersen windows that promise a life where every day feels like a vacation. The home's unique location not only offers unparalleled vistas of the lake and surrounding mountains but also ensures that your connection to nature is always just a few steps away. Craftsmanship and attention to detail are evident throughout this exceptional home. Brazilian hardwood floors and custom tile work lay the foundation for a space filled with natural light and upscale finishes. The thoughtful design includes LED lighting, decorative trim, and transom windows, enhancing the home's beauty and energy efficiency. The primary bedroom is a sanctuary on the main floor, boasting stunning lake views that invite relaxation at any time of day. The en-suite master bath offers a spa-like experience with a steam shower, jetted tub, and a Bluetooth speaker/light/fan, allowing you to customize the ambiance to your liking. Entertaining is a breeze with a family room that features a cozy wood-burning fireplace with a gas starter, French doors leading to one of the four verandas, and, of course, those stunning lake views. The kitchen is a chef's dream, equipped with stainless steel appliances, custom cabinets, an expansive pantry, and an island that's perfect for gathering around. The home's layout is thoughtfully designed to accommodate guests and family alike, with additional bedrooms and full baths on the upper level, each offering access to large verandas with mesmerizing views. A flexible bonus room provides endless possibilities for use, ensuring that this home meets your every need. The terrace level is an entertainer's paradise, featuring a media room, an oversized area with a custom floor tile, and a second wood-burning fireplace. The built-in counter with sink, refrigerator, dishwasher, and cabinetry is ready for any event, while the acoustic tiling and custom-designed ceiling add to the ambiance. Not to be overlooked, the home's mechanical systems are state-of-the-art, including a brand new Goodman furnace that's 96% efficient and zoned to each room for optimal comfort. The newly installed tankless water heater, security cameras, and Wi-Fi enabled security system provide peace of mind, whether you're home or away. Outdoor living is just as impressive, with a private beach area, covered dock designed for both pontoon and V-hull boats, and meticulously maintained landscaping that complements the natural beauty of the setting. The low-voltage backyard lighting and irrigation system sourced from Cherokee Lake ensure the exterior is as stunning and well-cared-for as the interior. This home is more than a place to live; it's a haven where luxury, comfort, and the beauty of nature come together in perfect harmony, highlighted by its prestigious location on the main channel and expansive shoreline. Don't miss the opportunity to make this exceptional lake home yours.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2001
MLS Number
9962005
Location
Address
471 Chelaque Way
City
Mooresburg
State
TN
Zip Code
37811
County
HAWKINS
Listing
Provider
REMAX REAL ESTATE TEN OF MORRISTOWN, original listing
Name
REMAX REAL ESTATE TEN OF MORRISTOWN
Phone
(423) 289-0030
Office Name
REMAX Real Estate Ten of Morristown
Office Phone
(423) 581-8881
Agent Name
Amy Shrader

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HUD Foreclosures

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.