Home for Sale at Two Rivers Lane, LaFollette, TN 37766

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Two Rivers Lane
Lafollette, TN 37766

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Property Details

List Price:	$55,700
Beds:	--
Baths:	--
Status:	Active
SqFt:	--
Agency:	Stephenson Realty & Auction

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Description/Comments

Lot Size:	--
Property Type:	Lots And Land
Year Built:	--
Notes:	Experience the serenity of rural living with the benefits of modern amenities at Two Rivers Lane, LaFollette, TN, 37766. This splendid .71-acre parcel of land awaits first-time homebuyers and families looking to build their dream home in a tranquil setting. <br /> <br /> Nestled within the private, gated community of Clearwater Cove on Norris Lake, this property offers more than just a place to build. It presents a lifestyle of leisure and adventure. With local restaurants and full-service marinas just a short drive away, you'll never be far from the action. Plus, the excitement of Stardust, Sequoyah, or Shanghai are just a short boat ride away. <br /> <br /> Located approximately 45 miles from Knoxville and 70 miles from Gatlinburg, this land balances peaceful seclusion with convenient access to city life. For the angler in your family, Norris Lake offers a variety of fish throughout the year. <br /> <br /> When boating season is over, you'll have easy access to the trails of Royal Blue, Windrock, or Brimstone, all within an hour's drive. Embrace a lifestyle filled with outdoor adventure, peace, and tranquility at Two Rivers Lane. <br /> <br /> Don't let this opportunity pass you by. Call today for more information and embark on the journey to create your dream home and lifestyle.
MlsNumber:	1219681

Listing Provided By:	Stephenson Realty & Auction, original listing
Name:	Stephenson Realty & Auction
Phone:	(865) 494-8487
Office Name:	Stephenson Realty & Auction
Office Phone:	(865) 457-2327
Agent Name:	Missy Sanders
Disclaimer:	Copyright Â© 2024 East Tennessee RealtorsÂ®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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.

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.

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