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575 Waterfront Way
Spring City, TN 37381
$1,395,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
3535
Property Description
Come home to one of the most enchanting, breathtaking cul-de-sac lots in the year round waterfront gated Lakefront Estates community on Watts Bar. Covered porches welcome you and your guests from front to back with glowing fireplace and outdoor entertaining and dining area. A service window opens from the kitchen to the covered back overlooking the most soothing waters guaranteeing to improve your mental health and regain your spirit! This urban designed waterfront refuge promises total comfort as your primary residence or the ideal weekend escape with an exterior of very low maintenance exterior cement fiber siding crowned by the perfect blend of standing seam metal, shingle and rolled commercial roof promising strong architectural character. Thoughtfully planned and designed for casual living and filled with natural light bringing the outside in and surrounded by inviting water views. The tone for a seamless, open flow of living and dining areas with ten foot ceilings highlighted by stain grade wood casings and accent walls throughout. Linear gas fireplaces provide dramatic focal points reinforcing clean contemporary lines inside and out! The expansive family room easily lends itself to entertaining large gatherings while the warmth of wood detail promotes the perfect ambiance for more intimate evenings with family and friends. The kitchen is completely open to the family room with fireplace and eating area with oversized work/serve island. Quartz countertops and solid backsplash with 48-inch free-standing six burner gas stove and double ovens, this kitchen will easily meet the scrutiny of the most discriminating family chefs. Overlooking big water views, a service window from the kitchen opens to the covered back inviting the outside in. The master retreat is privately tucked away on the main level with a spa-like bath and custom designed closet. Two guest suites are located on the second level where endless water views continue in the expansive bonus, play or game room allowing all the family and friends to gather together overlooking the water. Additional community room with masterfully crafted wood wall feature offers exercise, yoga and or additional guest quarters or a possible bunk room that opens to the bonus room with full bath. The oversized two car garage offers valuable workshop space with a wall of glass overlooking the water while providing much needed natural light while working. A community rich with amenities to include additional recreational vehicle and RV parking, a clubhouse with fitness center and walking trails that begin with this home all within its gated entrance. Already approved for a Dock. Watts Bar Waterfront Home. No Place Like It!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2023
MLS Number
1386788
Location
Address
575 Waterfront Way
City
Spring City
State
TN
Zip Code
37381
County
RHEA
Listing
Provider
Real Estate Partners Chattanooga LLC, original listing
Name
Real Estate Partners Chattanooga LLC
Phone
(423) 265-0088
Office Name
Real Estate Partners Chattanooga LLC
Office Phone
(423) 265-0088
Agent Name
Linda Brock

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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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.