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2620 East Main Street
Surgoinsville, TN 37873
$750,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3488
Property Description
HUGE REDUCTION!!! Welcome to Fudge Farm, circa 1825! This breathtaking property features 17.41 acres and offers the most gorgeous views you could imagine. I could go on and on about the land, but the focal point here is the house! Built in 1825 this home has been in the Fudge family from day one, and has been on the National Register of Historic Places since 1976. It was restored to it's perfection in 1985 by a local historian architect, and is in pristine condition. History has provided us with information showing that there were three Presidents who traveled through the area and visited the home, including Andrew Jackson, Andrew Johnson, and James K. Polk. Every room throughout this lovely home has such captivating stories of events that have happened throughout history. For example, the Winter Kitchen, located on the lower level of the home, was where the servants would cook the meals. After the war, the confederate soldiers would hide under the floors in this room because bounties were put on them. The walls are made of stone from the local quarry, and the fireplace bricks were hand made on the property. There is a cell just off the winter kitchen where prisoners were held when the sheriff would come through and stop to rest. The bars and shackles are still there. The Summer Kitchen, located on the main floor, is one of my favorite rooms! The walls are made of brick and wood beams that have been intwined together. The fireplace is where they would do their cooking. The hardwood floors throughout the home are the original wood floors and are in perfect condition. The architecture throughout the home is exquisite! There is a beautiful red barn at the center of the property which would be a perfect venue for events, and the house could be used as a Bed & Breakfast. Or if you're looking for a farm, or multiple building sites, this is the right property for you! This family home has never been sold in over 200 years.
Property Information
Lot Size
17 acre(s) square ft
Property Type
Residential
Year Built
1825
MLS Number
9959299
Location
Address
2620 East Main Street
City
Surgoinsville
State
TN
Zip Code
37873
County
HAWKINS
Listing
Provider
Greater Kingsport Realty, original listing
Name
Greater Kingsport Realty
Phone
(423) 433-6500
Office Name
KW Johnson City
Office Phone
(423) 433-6500
Agent Name
Elaine Crawford

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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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.