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3530 Mountain Tyme Way
Sevierville, TN 37862
$2,499,000
Conventional
Property
Bedroom
3
Bathroom
5
Property Type
Conventional
Square ft
7299
Property Description
See supplemental remarks. No one could describe this custom home better than the owner herself: "The strictly factual listing for this house may say something like "3 bedrooms, 4 1/2 baths, with flex space for another bedroom and media room; elevator, hardwood floors, carpeted bedrooms, downstairs den, gourmet kitchen, walk-in pantry, laundry room, office, and in-house storm shelter. Dog bath. Cove lighting in living room and all bedrooms." All of that would be true. What it wouldn't say is the absolute love with which this house was built, from the owners to the contractor to the construction workers themselves, who stretched their skills and imaginations to heights they didn't know they could reach. Even the tile pattern in the kitchen became a subtle work of art, with black subway tile outlining the room. The kitchen is a cook's dream, with two large Bianca sinks, a gas/convection stove, an arched ceiling painted robin's egg blue with cove lighting. There is island seating, a small breakfast nook, then a double-sided fireplace separating the kitchen and dining room. The floors in the living room and dining room are walnut; the dining room seating is four curved banquet seats that each seat two, the window is a curved wall of glass panels, and in the center of the room is a gorgeous chandelier hanging from the center of a plaster of Paris dome, antiqued and set off with cove lighting. Each of the bedrooms has a walk-in closet, a large en-suite bathroom with heated flooring, custom-designed walk-in showers with built-in lighting, outside controls so you don't have to walk into cold water to begin your shower, and a gas fireplace. Oh and each bedroom has a jacuzzi with colored lights, where you can loll before the fireplace on a cold winter's night. And chandeliers. The master bedroom has LED starry night lighting above the Jacuzzi. Each piece of furniture was specifically chosen for the room where it sits. The living room is cozy, with red recliners and plenty of other seating, and a large TV over the fireplace. The downstairs den is cozier still, with a large sectional for sprawling and lounging. Off the den is a giant dog bath that also has its own entrance from outside, so if your fur baby gets muddy you don't have to go through the house but can take your pal straight into the tiled bathing area. This was designed for my Golden Retrievers, beloved dogs who love both mud and water. This may all sound grand, but what everyone who has visited has noticed is how cozy and welcoming the house is. It's a house for talking with friends, for having relaxed dinners, for sitting on the screened porch watching the sunsets and looking at the beauty of Wears Valley spread out before you, and hearing the church bells in the distance. It has been a house filled with laughter, with games and good times, and wonderful memories. Do I want to sell it? No. But we are older now and the time has come to downsize, to another wonderful house in wonderful Wears Valley that I haven't found yet and may have to build. Perhaps the reader can tell from what I've written that I love building houses, each one is different and has its own personality, and this house has the personality of a warm hug, joy, and endless beauty. My deepest wish is that it be used by someone who will love it as much as we have." Please see virtual tour.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2010
MLS Number
1256500
Location
Address
3530 Mountain Tyme Way
City
Sevierville
State
TN
Zip Code
37862
County
SEVIER
Listing
Provider
East Tennessee Realty Group, LLC, original listing
Name
East Tennessee Realty Group, LLC
Phone
(865) 774-7764
Office Name
East Tennessee Realty Group, L
Office Phone
(865) 774-7764
Agent Name
Fran Troxler

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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.