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716 Village Loop Road
Gatlinburg, TN 37738
$1,645,000
Conventional
Property
Bedroom
3
Bathroom
5
Property Type
Conventional
Square ft
3000
Property Description
Turnkey investment property at The Chalet Village North in Gatlinburg featuring exceptional mountain views! This lifestyle home overlooks Mt Leconte, with panoramas from nearly every room and decks across all three levels to enjoy the majestic vistas. This is a remarkable home that embodies the essence of luxury and attention to detail. As you step inside, you'll immediately notice the upgraded features that set this home apart. Every aspect has been carefully considered to provide a living space that is not only beautiful but also functional. Each floor has its own separate climate as well as flanking wall-to-wall windows showing off the view. The exterior hurricane doors are equipped with a series of deadbolts top and bottom for peace of mind security. The open, inviting floor plan brings natural light into every corner of the house and the tasteful decor scheme is a blend of contemporary farmhouse that starts at the curb and continues to surprise and delight from room to room. The warmth of the LVP floors and natural light bring together the open kitchen and dining areas. Whether novice or chef, everyone will find it a joy to cook in the spacious kitchen adorned with custom shaker cabinets featuring undermount lighting, stainless steel appliances, and a center island. A stacked stone gas log fireplace warms the dining room where a bank of windows overlook the mountains and you can walk right out to one of the three decks. As you traverse each room, a symphony of excellence envelops you, offering an immersive experience of purposeful design decisions which continue into the divine primary bedroom. This sanctuary pampers with a walk-in closet, direct deck access, and a spa-inspired ensuite with double sinks and large shower with dual shower heads. A half bath and laundry closet sum up this level, with living spaces appearing on both the upper level and lower levels to offer a variety of spaces to suit any activity. Boasting vaulted ceilings, the upstairs living room creates an open and airy ambiance with stacked stone gas fireplace. The room seamlessly connects to a covered deck, providing the perfect setting for indoor-outdoor living and offering breathtaking views. A full bathroom adds convenience for anyone, while the bedroom enjoys its own private ensuite bathroom. This bedroom also directly accesses the deck and boasts mountain panoramas. This property has tons of features that will make your knees weak and heart flutter, continuing down to the lowest level where a fabulous living/games room provides a great hang-out space to relax and enjoy the views. This floor has a deck with hot tub, perfect for relaxing after a long day of exploring and adventuring. There is an additional bedroom on this level as well as a full bath with tub/shower combo. The amenities don't stop here! The property is conveniently located across the street from the Chalet Village Clubhouse where you will find a pool and tennis courts. This property is only a 7-minute ride down the mountain into Downtown Gatlinburg and 10 minutes to Pigeon Forge. Don't settle for boring cookie cutter when you can have a thoughtfully built, better-than-new property with some of the best views of the Smokies! Buyer to verify all information. Square footage estimated. Drone photography used.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2023
MLS Number
269004
Location
Address
716 Village Loop Road
City
Gatlinburg
State
TN
Zip Code
37738
County
SEVIER
Listing
Provider
Hometown Realty LLC, original listing
Name
Hometown Realty LLC
Phone
(865) 898-0027
Office Name
Hometown Realty LLC
Office Phone
(865) 693-7653
Agent Name
Ryan Coleman

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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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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.