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919 John Burch Rd
Dunlap, TN 37327
Jay Robinson with Keller Williams Realty, original listing - (423) 664-1900
$875,000
Conventional
Property
Bedroom
3
Bathroom
Full: 1
Property Type
Conventional
Square ft
1106 Square Feet
Property Description
Updated, one level, 3 bedroom, 1 bath craftsman style home on 18 +/- acres with scenic views of the quarter acre pond, classic red barn, pastureland and the mountains - all within the city limits of Dunlap just minutes from schools, medical facilities, shopping and restaurants and a scenic 35-mile drive to downtown Chattanooga. The property is currently held in a greenbelt status with much of the acreage being pastureland, but there is also mature landscaping and old growth trees, including Maples, Pecans, Sourwood, Bradford Pears, Hydrangeas, Irises, Cannon flowers and more. The home is strategically positioned on a lovely rise and exudes curb appeal with its real stone and shake shingle siding and the covered front porch and side patio with slate flooring. The home has also been recently painted inside and out, has a carport with a storage room, and a 400' driveway adding to the allure and privacy. Inside you will find real Red Oak hardwood floors, solid wood doors, baseboards and wainscotting, decorative lighting, a remodeled kitchen and bathroom, new mini-splits, wonderful natural lighting from the abundance of windows and more. The formal entry to the home is via the covered front porch to the living room which opens to the formal dining room. The dining room has access to the light-filled eat-in kitchen which was taken down to the joists and now has new hardwood floors, granite countertops, GE Café appliances, a combination washer/dryer, tankless water heater and access to the side covered patio. The bedrooms are all off the living room, and the hall bath has a new opaque glass pocket door, deep soaking tub, Moen fixtures and built-in storage. Whether you are looking for a primary residence with a private pastoral setting or a weekend retreat close to Chattanooga, then this could be the oasis that you have been looking for, so please call for more information and to schedule your private showing today. Information is deemed reliable but not guaranteed. Buyer to verify any and all information they deem important.
Property Information
Lot Size
18 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1970
MLS Number
--
Location
Address
919 John Burch Rd
City
Dunlap
State
TN
Zip Code
37327
County
SEQUATCHIE
Listing
Name
Phone
(423) 304-6114
Office Name
Office Phone
(423) 664-1900
Agent Name
Jay Robinson
Agency Phone
(423) 664-1900

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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.