Home for Sale at 335 Ingram Branch Road, Roan Mountain, TN 37687

335 Ingram Branch Road
Roan Mountain, TN 37687

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Property Details

List Price:	$599,000
Beds:	2
Baths:	2
Status:	Active
SqFt:	3072
Agency:	Rainbow Realty & Auction LLC

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Description/Comments

Lot Size:	7 acre(s)
Property Type:	Residential
Year Built:	1994
Notes:	Nestled in the heart of the beautiful Appalachian Mountains, this home has so much to offer. Situated on approximately 7 acres, it's a collector's dream. Whether you collect antique cars, as the previous owner did, there is space that is only limited by your imagination. The gorgeous white brick L shaped home, is surrounded by gorgeous landscaping inclusive of stone walls throughout the property. An open kitchen with island, bar height level, corian counters, and plenty of storage. Hardwood flooring, tile and a little bit of carpet. Large living room. Master suite with spa tub. Nice sized laundry room convenient to inside and the large attached finished garage. The basement has interior access and garage access. This is one of the most well equipped basement areas that I have seen. The whole house is well maintained. Central vaccuum. The water is provided by your own well and there is a spring box on the hillside behind the house. There is a gorgeous stream at the back of the property. So many nice flowers, flowering bushes, japanese maple, blue spruce and much more. The property has been assessed by a lumberjack and has approximately $50,000 of timber. Take a really good look at the photos. You won't be disappointed. Come to the beautiful Roan Mountains for every day life or a fabulous second or third home.
MlsNumber:	9966746

Listing Provided By:	Rainbow Realty & Auction LLC, original listing
Name:	Rainbow Realty & Auction LLC
Phone:	(423) 547-2800
Office Name:	Rainbow Realty & Auction
Office Phone:	(423) 547-2800
Agent Name:	Judy Veeneman
Disclaimer:	Copyright Â© 2024 Tennessee Virginia Regional Multiple Listing Service. 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.

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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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing