Home for Sale at 1615 Balsawood Lane, Murfreesboro, TN 37129

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1615 Balsawood Lane
Murfreesboro, TN 37129

with Century Communities of Nashville Metro, original listing -

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Property Details

List Price:	$739,990
Beds:	5
Baths:	Full: 4
Status:	Active
SqFt:	3365 Square Feet
Agency:	Century Communities of Nashville Metro
Agency Phone:

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Description/Comments

Lot Size:	0 sqft
Property Type:	Residential-Single Family Residence
Year Built:	--
Notes:	Step into the Buchanan II plan at Slatewood in Murfreesboro, TN, where a welcoming front porch leads into a spacious foyer, setting the stage for this thoughtfully designed home. To the right, a formal dining room invites memorable dinners, while a versatile flex space on the left offers the perfect spot for a home office or sitting area. As you move through the foyer, the large great room opens up, bathed in natural light from the abundant windows, creating a bright and inviting space to relax or entertain. The adjacent open kitchen, complete with a breakfast nook, makes casual dining a breeze, and sliding doors provide easy access to the patio, perfect for outdoor gatherings. On the main floor, a guest room with a full bath and a mudroom conveniently located by the laundry room offer both comfort and functionality. Upstairs, a cozy loft provides additional living space, while the luxurious owner's suite is a true retreat, featuring a soaking tub, separate shower, and a huge walk-in closet for all your storage needs. The second floor also hosts three secondary bedrooms, each with its own walk-in closet. Two bedrooms share a convenient Jack and Jill bathroom, while the third has its own en suite, making this floor plan ideal for families who value both privacy and togetherness.
MlsNumber:	--
ListingId:	5801059+0014

Listing Provided By:	Century Communities of Nashville Metro, original listing
Phone:	(615) 942-2406
Disclaimer:	Copyright © 2025 Century Communities. 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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