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155 Coyatee Circle
Loudon, TN 37774
$989,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3500
Property Description
Absolutely stunning home located in the highly desirable north end of Tellico Village, extensively remodeled to maximize the splendid, unobstructed year-round water views of Tellico Lake. Driving up to the home you will appreciate the beautiful landscaping and stone paved, circular driveway. As soon as you exit your vehicle you will enjoy the soothing sounds of the water feature which runs year-round. Upon entering you will be met with unobstructed lake views the length of the house. The open floorplan assures whether you are in the kitchen, living room, dining room, or main level office/bedroom, you will enjoy lots of natural light and beautiful views. The custom designed kitchen is a chef's dream, inspired by Julia Child's love of cooking and her need to remain comfortable while doing so. The custom Brookhaven cabinetry by Wood Mode with Quartzite counter tops are 39 inches tall for comfortable cooking and clean up. Counter depth of 28 inches creates plenty of surface room for prep. The 10 x 4 island is perfect for entertaining or just enjoying a meal at the bar. Top of the line appliances include Pro Viking Double French Door oven, Thermador Professional cooktop with 4 burners and center griddle, Jennair French Door built-in refrigerator, Bosch built-in dishwasher, and Sharp Insight Pro built-in microwave. Spacious master suite with luxurious bath has been completely renovated. Separate marble topped vanities, marble flooring and walk-in shower, large walk-in closet. Plumbing and electric were left in place for new owner to add a tub if desired. Who says doing laundry has to be boring? Designer tiled floor, custom 39 inches tall stand topped with white granite and marble backsplash, and stunning double basin farm style sink; washer and dryer remain. Custom designed stairway and railing leads down to the lower level, beautifully finished with 9' ceilings and lake views. Family room opens out to the screened porch, two bedrooms, bath, office/bonus room with glass pocket doors, and lots of extra storage space. Hardwood floors and luxurious plush carpet in the bedrooms. Attention to detail is apparent throughout the home. All materials are top of the line and every room has been renovated adding plantation shutters, crystal chandeliers and French inspired light fixtures, new marble topped vanities in each bathroom, pocket doors, new stone fireplace in the living room, and the addition of a new gas stone fireplace on the lower level. Invisible fencing is installed around the perimeter of the lot.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2002
MLS Number
1259986
Location
Address
155 Coyatee Circle
City
Loudon
State
TN
Zip Code
37774
County
LOUDON
Listing
Provider
Coldwell Banker Nelson Realtors, original listing
Name
Coldwell Banker Nelson Realtors
Phone
(865) 740-0699
Office Name
Coldwell Banker Nelson Realtor
Office Phone
(865) 982-0500
Agent Name
Karen Bennett

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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.