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365 Olympic Dr.
Tazewell, VA 24651
Joseph Dykes with BHHS- Mountain Sky Properties - Bland, original listing - (276) 228-8882
$450,000
Conventional
Property
Bedroom
3
Bathroom
Full: 3
Property Type
Conventional
Square ft
2870 Square Feet
Property Description
This charming split-foyer cottage, nestled in the foothills of Southwest Virginia, offers the perfect combination of comfort and privacy. As you step inside, you'll be greeted by a warm and inviting atmosphere. The home features 3 bedrooms and 3 baths, all conveniently located on the main level, with approx. 2870 total finished square feet. Additionally, there is an approx. 230-square-foot unfinished portion of the basement for extra storage. The exterior of the home includes durable vinyl siding and brick, complemented by a metal roof and leaf filter gutter guards. A heat pump provides efficient heating and cooling, and the large open deck and fire pit area offers ideal spaces for outdoor relaxation. There's also a large storage building and a 2-car detached garage with an exterior side door, plus a large unfinished loft above, perfect for additional storage, a mancave, or workshop. Interior highlights include a mix of wood and tile flooring, as well as carpeting in certain areas, a water softener, and security systems. Two fireplaces in the basement—one propane fireplace in the large family room and another electric fireplace in the sitting room—add extra warmth and charm. The laundry is conveniently located in the sitting room. A lovely enclosed porch off the dining room provides an ideal spot to enjoy the outdoors and your morning coffee. The primary bedroom is simply amazing and has a jet tub, vanity, and gigantic walk-in closet! Located just minutes from Tazewell, VA, this property offers easy access to local restaurants and boutique shopping. It's also less than an hour from Winterplace Ski Resort, 15 minutes from historic Burkes Garden where you have access to the Appalachian Trail, and approximately 3 hours from Pigeon Forge, TN. This home sits on a secluded wooded lot above the street below and has been meticulously maintained and is ready for any type of loan. Lots of privacy and lots to see and do nearby!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1979
MLS Number
--
Location
Address
365 Olympic Dr.
City
Tazewell
State
VA
Zip Code
24651
County
TAZEWELL
Listing
Name
Phone
(276) 228-8882
Office Name
Office Phone
(276) 228-8882
Agent Name
Joseph Dykes
Agency Phone
(276) 228-8882

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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.