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157 Twilight Trail
Dunlap, TN 37327
Asher Black with Keller Williams Realty, original listing - (423) 664-1900
$937,500
Conventional
Property
Bedroom
4
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
3322 Square Feet
Property Description
Nestled with the pristine Fredonia Mountain Nature Resort, 157 Twilight Trl is more than just a home - it's a private sanctuary. Spanning 9.5 acres this property offers both serenity and boundless potential. Across the street is 2 additional lots (8 total acres) available for purchase. Located in the gated community, the home is a spacious 4 bedroom 4.5 bath retreat with it's own Private Entrance Suite (bedroom 4/bath 3) with mini-kitchen, great for relatives or visiting guests. The Suite has its own thermostat. You'll enjoy the stacked stone fireplace with/gas starter and blower for those chilly nights. French doors lead out to the screened-in porch with room for entertaining. For those cooler days when you don't want to run the A/C, the Whole House Attic Fan will bring those outside temperatures in. All on one level with the exception of a heated/cooled (wall unit) teenage/guest/office suite over the garage with full bath (bath #4) which includes a built-in desk and walk-out attic storage. A new HVAC(heat pump) unit was installed in 2020 and a new roof with architectural shingles in 2022. The 2 car detached garage, accessed by a covered breezeway, includes ample storage. Walk through the door in the back of the garage and you'll find a custom workshop with a utility sink and radiant floor heating. There is a separate building with electricity next to the garage for additional storage; a golf cart or UTV space is attached. The house is secured with a Front Door ''Ring'' doorbell, outside cameras with monitoring and wireless alarm system. 42'' encapsulated crawl space with humidity control, Anderson windows and doors. The home has 220 volt wiring with a separate panel for a home generator. The home is nestled among a 3,500 acre resort called Fredonia Mountain Nature Resort, which makes up 5 distinct gated neighborhoods with a staffed security office at the main resort entrance. Each owner has access to the parks, ponds and The Lodge at Lake George. The Community has lakes for fishing (stocked). 17 miles of community trails (maintained by HOA) to streams, waterfalls, observation facilities, etc. 3 lakes for fishing (stocked). Trails feature Mothers Bridge and Big Falls. Underground utilities, city water, and fiber internet. Step outside onto the covered front porch, where the gentle sounds of nature and the occasional visit from local deer create a peaceful escape. As part of the gated community, you'll enjoy the unmatched beauty of a nature reservea haven for wildlife and outdoor enthusiasts alike. Each owner has access to the parks, ponds and The Lodge at Lake George. The Community has lakes for fishing (stocked). 17 miles of community trails (maintained by HOA) to streams, waterfalls, observation facilities, etc. 3 lakes for fishing (stocked). Trails feature Mothers Bridge and Big Falls. Whether you envision a private homestead, a family estate, 157 Twilight Trail offers an extraordinary blend of space, beauty, and potential. Come explore this rare gemwhere home meets harmony with nature. Whether you seek a private homestead or family estate, 157 Twilight Trail blends space, serenity, and potential. Discover this rare gemwhere home meets harmony with nature.
Property Information
Lot Size
9 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2009
MLS Number
--
Location
Address
157 Twilight Trail
City
Dunlap
State
TN
Zip Code
37327
County
SEQUATCHIE
Listing
Name
Phone
(423) 208-4943
Office Name
Office Phone
(423) 664-1900
Agent Name
Asher Black
Agency Phone
(423) 664-1900

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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.