Home for Sale at 699 Old Rockwood Hwy, Harriman, TN 37748

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699 Old Rockwood Hwy
Harriman, TN 37748

Lucas Haun with Keller Williams Signature, original listing - (865) 588-9300

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Property Details

List Price:	$2,995,000
Beds:	6
Baths:	Full: 5, ½: 2
Status:	Active
SqFt:	5761 Square Feet
Agency:	Keller Williams Signature
Agency Phone:	(865) 588-9300

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Description/Comments

Lot Size:	72 acre(s)
Property Type:	Residential-Other
Year Built:	1988
Notes:	FIRST TIME ON THE MARKET - This stately waterfront estate resting on 72 acres offers unrivaled grandeur with sweeping views of the water and the lush beauty of East Tennessee. With mature trees across the property's expanse, privacy is certain, and the gated front drive offers some additional security. This elegant home - constructed in the style of Greek Revival - showcases soaring columns as guests and family approach the front of the home. The foyer is flanked by both the formal living area and dining room with both rooms offering water views for everyone to enjoy. The informal living space with large windows and brick fireplace flows seamlessly off the eat-in kitchen with gas cooktop, stainless appliances, island and ample counter space. A large, enclosed sunroom and three of six bedrooms complete this main level. The upper level contains the remaining bedrooms as well as the primary which is spacious offering ample room for a sitting area, a private deck, and views of the water. The lower level provides an opportunity to create extra living space or personal space for exercise or hobbies. While the water is mere steps away, the lawn is a vast expanse with room to create whatever you can imagine plus a dock already in place for your own personal watercraft. This amazing property is the perfect property for those who strive to go above the standard to reach a place beyond compare.
MlsNumber:	--
ListingId:	1292732

Listing Provided By:	Keller Williams Signature, original listing
Phone:	(865) 694-5904
Office Phone:	(865) 588-9300
Agent Name:	Lucas Haun
Disclaimer:	Copyright © 2025 East Tennessee Realtors®. 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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