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792 Waterfront Way
Ten Mile, TN 37880
$1,299,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3164
Property Description
Spectacular views await you in this waterfront gem nestled in the heart of Lakeside Coves. Immerse yourself in the beauty and tranquility that define this remarkable home. As you step inside, a sense of newness envelops you, emphasizing the pristine condition of this residence. The expansive great room immediately captures your attention, boasting a stunning stone fireplace, cathedral ceiling, and strategically placed windows that make the most of the breathtaking water views. The heart of this home, the designer kitchen, is a chef's dream come true. Custom-designed cabinetry adorned with quartz countertops, a gas range, double ovens, and a convenient pot filler make this space both functional and aesthetically pleasing. A custom pantry with beautiful doors adds a touch of elegance. Luxury vinyl plank flooring graces the majority of the home, ensuring both style and easy maintenance. The main-level en suite is a private oasis featuring a walk-in tile shower, double vanity, and a generously sized walk-in closet. Step outside onto the screened porch to bask in the outdoor fireplace and uninterrupted views. Boasting year-round water access, complete with a covered floating dock, this property is a water enthusiast's dream. A spacious 2-car garage on the main level adds practicality and convenience to this already impressive home. Venture downstairs to discover a spacious rec room or great room where the fabulous views continue to mesmerize. A dedicated bar area with a sink and refrigerator enhances the entertainment possibilities. The lower level also features three bedrooms, one bath, and a delightful wine cellar. Extend your living space outdoors on the lower deck patio/porch, perfect for hosting gatherings. As a bonus, the property comes with a recently added Tropical Seas 5-person hot tub. Experience the exclusive amenities of the gated development, including a clubhouse with a well-appointed kitchen, meeting space, and a workout room. The exterior of the home showcases a tasteful blend of beautiful stonework, creating a Craftsman-Contemporary style with undeniable curb appeal. Experience the exclusive charm of the dockside storage space, featuring a conveniently located room beneath the house that provides ample storage for all your needs. Elevate your Lakeside Coves experience with the added convenience and peace of mind of a General Whole house generator. Ensuring uninterrupted comfort and security, this feature complements the stunning views and luxurious amenities of this waterfront gem. Don't miss the opportunity to make this retreat your own, where every detail is thoughtfully designed to enhance your lifestyle. Your dream home, complete with year-round beauty and functionality, awaits! Seize the opportunity to make this Lakeside Coves residence your year-round retreat a harmonious fusion of luxury, comfort, and breathtaking views. Buyer to verify ALL pertinent information. HOA has implemented a $500 initiation fee for all lots/homes sold within the community. This fee is charged to the buyer during closing through the title company.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2020
MLS Number
20240238
Location
Address
792 Waterfront Way
City
Ten Mile
State
TN
Zip Code
37880
County
MEIGS
Listing
Provider
Coldwell Banker Pryor Realty, Inc., original listing
Name
Coldwell Banker Pryor Realty, Inc.
Phone
(423) 903-5774
Office Name
Coldwell Banker Pryor Realty- Dayton
Office Phone
(423) 775-4044
Agent Name
Cindy Yawn

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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.

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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.