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501 Williams Rd Road
Rogersville, TN 37857
Emily Thomas with Keller Williams Realty Johnson City, original listing - (423) 433-6500
$2,500,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
2753 Square Feet
Property Description
Stunning 119+/- Acre Riverfront Estate with Endless PossibilitiesJourney down a tranquil gravel road, bordered by lush pastures and expansive hayfields, to discover 119+/- acres of pristine, fertile bottomland along the breathtaking Holston River. This exceptional property offers half a mile of private river frontage, with the opposite bank featuring dense, wooded terrain that ensures unmatched privacy and serenity. This Tranquil Riverfront Retreat has Rich History and Natural Beauty. The southwestern boundary of this exceptional property is defined by the ever-flowing Forgey Creek, with charming little waterfalls that enhance the property's peaceful ambiance. .The area is teeming with wildlife, with multiple bird species, including ospreys, eagles, hawks, cormorants, ducks, and geese, always in close proximity. At night, you can enjoy a breathtaking view of the moon and stars, undisturbed by artificial light, allowing for a true connection with the natural world.This unique farm has deep historical roots--it was originally settled by Thomas Coldwell, a Captain in the Revolutionary War, adding a rich layer of heritage to the land. Conveniently located just a short distance from the towns of Rogersville and Surgoinsville, this property offers easy access to local amenities and services. The southwestern boundary is defined by the gentle flow of Forgey Creek, complete with picturesque waterfalls that enhance the property's peaceful, natural charm. The land is already equipped with an established homesite, including underground power, a reliable sweet water well, a fully operational septic system, and a spacious heated shop, connected by a covered breezeway to a well-maintained four-stall barn.On the opposite side of the property lies a large, spring-fed pond, which attracts a variety of wildlife and creates a serene atmosphere for nature lovers. The riverside boundary features gently sloping, shaded areas that provide a park-like setting, perfect for enjoying water activities or simply relaxing in complete peace and seclusion.The land's gentle undulations rise from the river, leading to a railroad that bisects the bottomland. An underpass beneath the concrete RR trestle ensures convenient access, even in the rare instance a train stops at the crossing. This unique property offers an exceptional opportunity to create your dream estate, ideal for raising livestock or cultivating crops. This distinctive 3-bedroom, 2-bath home is a true gem, showcasing beautiful stonework and unique architectural details. Offering a perfect balance of comfort and functionality, the kitchen is equipped with elegant Genva cabinets, providing ample storage and a sophisticated touch. Thoughtful, personalized finishes throughout make this home one-of-a-kind homes like this are rarely built anymore. Additionally, the home includes a 2-car garage with loft storage, offering extra space for all your belongings. Unique features include walk in closet with ample storage space. Past the closet is a small private area to relax. Along with a basement with endless possibilities. Unwind on the cozy front porch, ideal for enjoying the outdoors and the surrounding views. The private backyard courtyard offers a serene retreat, perfect for entertaining or quiet relaxation. A beautiful stock pond on the property further enhances the tranquil ambiance.Additional Features of the Property: Exceptional Shop Building with Versatile Amenities: Further enhancing the property's charm and functionality is the 36x48 shop building, complete with a 36x24 covered breezeway and 12' sidewalls, offering ample space for various uses. Attached to the shop is a 24x72 covered shed, providing additional storage or workspace. The shop is equipped with 220 amp electrical service to support heavy-duty operations. Buyer and buyer agent to verify all information. More videos available at links listed below: https://youtu.be/VogcWsxT59g https://youtu.be/TKwSHw6w_jE
Property Information
Lot Size
119 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1952
MLS Number
--
Location
Address
501 Williams Rd Road
City
Rogersville
State
TN
Zip Code
37857
County
HAWKINS
Listing
Provider
Keller Williams Realty Johnson City, original listing
Name
Phone
(276) 594-1670
Office Name
Office Phone
(423) 433-6500
Agent Name
Emily Thomas
Agency Phone
(423) 433-6500

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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.