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113 Crane Pointe
Rockwood, TN 37854
Karen Packett with Lake Homes Realty of East Tennessee, original listing - (865) 850-2518
$3,518,000
Conventional
Property
Bedroom
6
Bathroom
Full: 4, ½: 2
Property Type
Conventional
Square ft
7065 Square Feet
Property Description
Discover the epitome of Year-Round Deep Water Lake Front living in the Gated Community of Grande Vista Bay. Featuring one of the Largest Docks stretching almost Halfway across the channel for YEAR-ROUND DEEP WATER & unbelievable fishing of multiple varieties of fish including a 35 lb catfish caught just off the dock! The TVA Island provides protection from the main channel wake as well as great fishing. This is truly an exceptional Point Property for any type of water sports or fishing & is not to be missed or understated! This home offers a GENTLE slope to the water, large Flag Stone Steps down to a sandy beach & immense space for Family Gatherings & Events. Offering an unparalleled combination of stunning sunset views & premium features, every aspect of this home has been meticulously custom-built to perfection, ensuring a lifestyle of luxury & comfort. Offering an impressive 7,065 square feet of heated & cooled living space, with 6 bedrooms, 4 full bathrooms, 2 half bathrooms, & additional craft room that could serve as a 7th bedroom with a closet, there's ample room for all. As you step through the custom solid cherry 4-foot-wide entry door, you're greeted by a grand foyer with a soaring 22-foot ceiling & additional 10-foot ceilings & 8-foot doorways throughout. Multiple living areas provide comfort & style, including a relaxing office/study featuring a floor-to-ceiling brick gas log fireplace, custom cherry wood & solid oak hardwood flooring. The Parlor/Library Room offers solid oak hardwood flooring & a large picture window with transom. The Lake View Hearth/Great Room space showcases tulip poplar wood columns, a soaring 22-foot ceiling, & a floor-to-ceiling stone gas log fireplace. The Owners Suite offers newly carpeted flooring, spacious en-suite, his & hers closets, & Lake View sitting room. The Owners Screened Lake View Porch is a perfect spot for relaxation & access to the main level Lake View deck. The Kitchen is a chef's dream, boasting custom walnut cabinetry, granite countertops, & BRAND-NEW stainless Wolf appliances. The Open & Inviting Lake View Dining/Breakfast room features real wood-burning fireplace, soaring 22-foot ceiling, additional staircase leading to the 2nd level, & double doors leading to the Lake View screened porch, complete with a gas drop for grilling & access to the main level Lake View deck. Laundry is just off the dining area. Oversized 2 car garage w/tall ceilings, shelving & epoxy coated floor. The second level bedrooms feature 9-foot ceilings, carpeting, crown molding, & trim throughout. Enjoy Lake Views & a Juliet balcony, en-suite bathroom, & a large walk-in closet in Guest Bedroom suite #2. The additional bedrooms #3-5 offer walk-in closets & plenty of space, sharing the Jack-N-Jill Full Bathroom. A vast 1,000-square-foot unfinished heated & cooled space w/endless potential located on the 2nd level. The lower level offers Lake Views all around & a full-sized Open area/home for Extended Family Residence or In-Law Quarters including an additional garage on this level. This lower-level walk-out features a large open area w/pool table, half bath, lower owner's suite with en-suite bathroom, Kitchen including an island, stainless steel appliances, & a breakfast area, & plumbed for a dishwasher. The Craft Room/Bedroom #7 is a versatile space with storage & lighting. Lower Laundry/Mechanical Room/Utility Room is equipped with washer/dryer hookups, a tankless water heater, a whole-house water filtration & softener system, Workshop/Hunting/Gun/Storage Room, Safe Room/Storage Room w/ sink, gas drop, built-in wood shelving, & a low molecular weight reinforced concrete ceiling. An extended Finished heated/cooled Garage. The rear of the property offers lakefront beauty, new outdoor cedar enclosed shower, firepit area, lake-drawn irrigation, & retaining walls designed by an independent structural engineering company. Call me to learn more about this home and the community!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Other
Year Built
2013
MLS Number
--
Location
Address
113 Crane Pointe
City
Rockwood
State
TN
Zip Code
37854
County
ROANE
Listing
Name
Phone
(865) 850-2518
Office Name
Office Phone
(865) 850-2518
Agent Name
Karen Packett
Agency Phone
(865) 850-2518

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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.