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157 Foust Hollow Rd
Heiskell, TN 37754
$658,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2400
Property Description
Gorgeous new log cabin built in 2022 that rests on 22 acres in the Heiskell community! House is situated down a long driveway (YouTube video) and is tucked into the hillside. Nestled among the Tennessee hills, you will find this peaceful setting surrounded by mature trees and an abundance of wildlife. Sellers have left some finishing work for the next owners that includes trim work inside and out, gutters, facade for ICF, and upgrade to stairs. Sellers are offering a 30k credit at closing to have the work completed. The acreage is mostly wooded/mountainous and extends up the hill beside the house. Would be best suited for hunters, dirt bikers, or 4 wheelers. You can access the upper property by walking down the old loop road. Sellers have left some finishing work for the next owners, which is reflected in the price. Property qualifies for greenbelt with no city taxes and no restrictions. Access is off a joint permanent easement and runs with the deed. City water and septic. Zoned Anderson County Schools—Fairview Elementary, Norris Middle, and Anderson County High School. Enjoy the best of both worlds with a blend of rustic charm and modern amenities! Built in 2022, the Satterwhite custom log home plan provides a warm rich feel with bamboo flooring, wood walls and doors, while boasting a stunning open floor plan with 10 ft. ceilings on the main and lower level. This 2,400 sq. ft home offers a generous wrap around porch with 3 bedrooms and 3 full baths. The walk-out basement has an additional 800 sq. ft of partially finished space not included in the square footage. There's also an 800 sq. ft 2 car garage and workshop. Step inside to an open floor plan with a gorgeous kitchen, dining room, and living room design. The cathedral ceilings will wow you with the spacious feel and full wall of windows with abundant natural light! The kitchen offers beautiful white cabinetry with granite countertops, stainless steel appliances, large breakfast bar, and a walk-in pantry. Owner's suite is on the main level with a full bath and walk-in closet. Another bedroom, full bath, and laundry down the hall with outside entry. An impressive staircase leads to an open loft area with a 3rd bedroom and full bath. Basement is partially finished for an apartment, MIL suite, or more living space that includes a flex room with space for kitchenette, office, full bath, 1/2 bath, and storage. Second entry is through the garage. Rooms are framed, plumbing, some electrical, and HVAC ductwork have been done. HVAC, sheetrock, and the final steps needed to complete the space. Sheetrock can go directly on ICF. See house plan layout in photos. Foundation is made of an impressive ICF construction that provides water proofing, added insulation, and energy efficiency. Climate controlled zones with a separate HVAC for the main and 2nd floor. Internet available to work from home. Owners use a T-mobile hot spot and the neighbors use Starlink satellite. Xfinity is available. Conduit has already been buried. Buyer to verify with provider of choice. Conveniently located off exit 122 (Norris/Clinton,) only 10 minutes away from the Clinch River and Norris Lake. Easy access to I-75. Square footage taken from tax records. Buyers to verify. Schedule your showing today to see this beautiful home!
Property Information
Lot Size
22 acre(s) square ft
Property Type
Residential
Year Built
2022
MLS Number
1244778
Location
Address
157 Foust Hollow Rd
City
Heiskell
State
TN
Zip Code
37754
County
KNOX
Listing
Provider
Rocky Top Realty, original listing
Name
Rocky Top Realty
Phone
(865) 498-0183
Office Name
Rocky Top Realty
Office Phone
(865) 498-0183
Agent Name
Jennifer Yankee

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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.