Home for Sale at 521 Old Mine Road, Sweetwater, TN 37874

521 Old Mine Road
Sweetwater, TN 37874

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Property Details

List Price:	$700,000
Beds:	5
Baths:	5
Status:	Active
SqFt:	2912
Agency:	East Tennessee Properties LLC

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Description/Comments

Lot Size:	14 acre(s)
Property Type:	Residential
Year Built:	2008
Notes:	Home On The Range! What a spectacular property! This is one you need to see. Magnificent HORSE FARM and MULTI Family Property. This property features 3 homes which consist of a main home, mother-n-law quarters that has a bedroom and one and a half bath plus another room for a 2nd bedroom or storage and then a Tiny home with bath , kitchen, and bed area . You will fall in love with the amazing horse barn with a huge loft area for an apartment , a two car garage shop and another storage building!The main home has been updated and features 3 bedrooms and two full baths. Beautiful wood burning fireplace. Open floor plan. Large bedrooms. Master shower is amazing.. Large back cover porch with a separate screened in area. Amazing SUNSETS enjoyed from the large covered rocking chair front porch.. A mother-in-law child, etc or your farm hands could stay in this beautiful smaller home. This property features a year round beautiful peaceful flowing creek where your horses can freely drink. Fenced. Shade trees for the hot days for your animals comfort. The 30x40 barn is amazing! 6 stalls with sliding windows and with electric junctions at every stall window. 3 stalls are concreted, 3 are sawdust and hay., center of barn is concreted and has a drainage system. Upstairs has a huge area that can also be completed for a 4th separate living quarters. .approximately 14 beautiful acres. Certainly room to roam or go out and have a BONFIRE..long paved driveway that has been sealed/maintained every 3 years. And don't forget the Two car garage workshop ..3 separate septic tanks.the main home has poured piers underneath and trusses in the ceiling like a stick built home.,there is a RV set up at the bottom of hill you can rent out also.. ..Minutes from Walmart, Hospital and Restaurants... This place truly has to be seen and seller is willing to ride buyers to tour the property! Call today
MlsNumber:	1256250

Listing Provided By:	East Tennessee Properties LLC, original listing
Name:	East Tennessee Properties LLC
Phone:	(423) 453-5722
Office Name:	East Tennessee Properties, LLC
Office Phone:	(423) 453-5722
Agent Name:	Loretta Edgemon
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.

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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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