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135 Austin Lane
Deer Lodge, TN 37726
$2,100,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
3800
Property Description
ENCHANTING 69-ACRE FARM RETREAT IN DEER LODGE TN - A LEGACY HOMESTEAD AWAITS- Welcome to your private haven tucked away in the pastoral beauty of Deer Lodge, Tennessee. For the first time since the 1930s, an exquisite 69-acre parcel of a historic family tract beckons you to continue a legacy of cherished memories and boundless potential. As you enter through the stately white board fencing and the gated entryway, a picturesque 1/4 mile private driveway unfolds before you, recently landscaped to enhance the natural splendor of the surroundings. This stunning property not only offers expansive vistas but also the warmth of two inviting homes. THE CUSTOM-BUILT MAIN RESIDENCE-Crafted with meticulous attention to detail, the 3,800 square foot main home stands as a testament to custom design. With 3 bedrooms, 3.5 baths, and unparalleled views, each room unfolds like a page in a storybook. Features such as custom window treatments, built-in shelves, and exquisite cabinetry throughout the home highlight the thoughtful elegance. The heart of the home shines with a kitchen equipped with a pristine island, a generous pantry, granite countertops, and state-of-the-art, unused KitchenAid appliances. Refinement extends to the large master bedroom on the main floor, complete with a door to the serene back screened-in porch. The en-suite master bath, updated with new tile in 2017, invites relaxation with a Jacuzzi tub. The tall ceilings throughout enhance the airy ambiance, and the combination of wood floors, tile, and carpet offers both luxury and comfort. The living area, anchored by a fireplace that can be enjoyed as gas or wood-burning, is perfect for intimate gatherings or tranquil evenings. The finished basement reveals two additional large bedrooms, each boasting walk-in closets, attached bathrooms, and picturesque views. Practicality is not amiss with the heated and cooled unfinished space that includes a walk-out door—ideal for hobbies or storage. THE SECOND HOME - A Cabin with Character: The additional 1,600 square foot, 3-level cabin exudes rustic charm and potential. With 2 bedrooms, 2 bath, office space, and a wood-burning stove, this cabin could transform into a guest house, hunting lodge, or a coveted Air BNB destination with some creative inspiration. THE GREAT OUTDOORS: Five stocked ponds teem with smallmouth bass, crappie, and brim, inviting leisurely days of fishing. The barn/tool shed supports your farming or recreational needs, and the presence of apple trees adds a sweet note to the land's bounty. LOCATION OF DISTINCTION: Your farm is a stone's throw from the conveniences of modern living—7.5 miles from a new 4-lane highway at Clarkrange, close to I-40, and the vibrant community of Crossville, the Golf Capital of Tennessee. Proximity to Tennessee Tech University in Cookeville underscores the property's connection to academic excellence...just 40 minutes away! Knoxville's urban offerings are a mere hour and twenty minutes away, with Nashville's cultural heartbeat about an hour and a half's drive. For the nature enthusiast, Morgan County presents the National Park Service's Obed Wild and Scenic River Park. Complementing this are the Big South Fork National River and Recreation Area, Daniel Boone National Forest, Catoosa Wildlife Management Area, Frozen Head State Park, and not least, the nation's treasured Great Smoky Mountains National Park near Gatlinburg. This extraordinary Deer Lodge farm is not just a residence; it's a lifestyle, a dream, and a legacy waiting to be continued. Seize the chance to weave your story into its rich tapestry. Schedule your private visit today and capture the essence of an idyllic life Tennessee offers.
Property Information
Lot Size
69 acre(s) square ft
Property Type
Residential
Year Built
2003
MLS Number
1244950
Location
Address
135 Austin Lane
City
Deer Lodge
State
TN
Zip Code
37726
County
MORGAN
Listing
Provider
Tennessee Real Properties, original listing
Name
Tennessee Real Properties
Phone
(931) 863-4714
Office Name
United Country Real Estate/Tennessee Real Pro
Office Phone
(931) 248-6785
Agent Name
Stephanie Cross

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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.