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1028 Water Front Pl
Kimball, TN 37347
$700,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3436
Property Description
River and Mountain Views! 3 bedroom, 3 bath home on two lots totaling 5 +/- acres on the Tennessee River approximately 30 minutes from downtown Chattanooga. The property is mostly level and boasts 221 +/- feet of river frontage, a shared pond and an absolutely beautiful setting making this the ideal spot for either your primary residence, your weekend retreat or your future forever home. The home has many attractive features including a versatile floor plan with both formal and informal living spaces, the master on the main, hardwoods and tile throughout, wonderful natural lighting and scenic views everywhere you look, great outdoor living and entertaining spaces, and more. The home was strategically positioned facing the water, so your covered front porch overlooks the river, front deck, a patio area, and another deck with built-in bench seating. The rear deck overlooks the expansive yard, and there is plenty of room for outdoor fun and your furry friends. The main level has a great room with a natural gas fireplace that opens to a large sunroom. The formal dining room is to the right of the entry and has French doors to the breakfast room and the keeping room. There is a short hallway that connects the great room to the breakfast area where you will find a convenient full guest bath. The breakfast area has French doors to the rear deck and is open to the kitchen and keeping areas. The kitchen has stone tile counters and backsplash, stainless appliances, and a pantry in the hallway to the laundry room and garage. The master suite is on the other end of the house and has a walk-in closet and a private bath with a furniture vanity and vessel sink, and claw-footed tub with hand-held shower head. The upper level is divided into two additional bedroom suites that are joined by the shared bath that has dual furniture vanities and a tub/shower combo. Each bedroom has a walk-in closet and a sitting area, and one of them has access to a large bonus room that has an amazing picture window to take advantage of the view. Simply a fantastic opportunity to purchase a river front home that does not come along in this neighborhood very often. Some light fixtures have been removed and the hardwood flooring in the breakfast room will need to be repaired, but home is being sold As-Is (inspections are welcome). Additional adjoining lot offered separately. Please call for more information and to schedule a private showing. Information is deemed reliable but not guaranteed. Buyer to verify any and all information they deem important.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
1994
MLS Number
1375051
Location
Address
1028 Water Front Pl
City
Kimball
State
TN
Zip Code
37347
County
MARION
Listing
Provider
Keller Williams Realty Greater Downtown, original listing
Name
Keller Williams Realty Greater Downtown
Phone
(423) 664-1900
Office Name
Keller Williams Realty
Office Phone
(423) 664-1900
Agent Name
Jay Robinson

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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.