Home for Sale at 131 Northshore Dr, Andersonville, TN 37705

131 Northshore Dr
Andersonville, TN 37705

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Property Details

List Price:	$999,999
Beds:	4
Baths:	3
Status:	Active
SqFt:	3396
Agency:	Your Home Sold Guaranteed Realty TN

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1976
Notes:	BUY THIS HOME AND GET $22,000+ in savings GUARANTEED! Buy this awesome home with $0 Down and up to 2 mo. No Payments. Buy this home if YOU Are Not Satisfied in 24 Months I'LL Buy It back or SELL IT FOR FREE NO Gimmicks! For information on this exclusive Buyer Protection Plan, call the listing office directly see info below Bonus 1 Love it or Leave it Guaranteed! Buy this home if YOU Are Not Satisfied in 24 Months I'LL Buy It back or SELL IT FOR FREE NO Gimmicks! A $16,000+ value to our VIP buyers! Bonus 2 Don't get stuck owning two homes. BUY THIS HOME, I WILL BUY YOURS! If you are looking to buy a home but have one to sell, you are finding yourself in the same dilemma that most homeowners find themselves in. We can help! To discuss the details of this incredible option, call the listing agent or for a free report on this exclusive offer and how it works visit my website see below for info Bonus 3 This home comes with a 12 Month Limited Home Warranty ($500 VALUE), a $500 lender credit, $300 attorney credit, $100 home inspection credit for our VIP buyers. Call to become a VIP Buyer! Bonus 4**This home qualifies for a 1% buy down rate for our VIP buyers****************************************************************************** Beautiful lakefront home on Norris Lake with great views. Home sits on a double lot and is permitted for a dock that is bigger than the one currently there which includes a ladder & jet ski port. Situated at the end of the cove so very peaceful and private. Gated community that is private and backs up to wild life management area which includes tennis & basketball courts, clubhouse, boat ramp, and RV campground w/boat storage, even a shooting range! Open Living room/Dining area with a beautiful view of the lake. Spacious kitchen with granite counter tops.Large Private Master with walk in closet. Basement studio apartment w/seperate entrance including a bathroom & kitchen which can be a mother n law suite, for guest or to rent out. Current owner receives about 40k/yr from Airbnb/Vrbo 19 minutes from 1-75, 35 minutes from knoxville. New roof, water heater and appliances in 2017.Huge perks..COUNTY only taxes & FREE water, that's right no water bill, so go ahead and wash that second load.. ********************************************************************************* Schedule your private showing today. If you would like to get the CURRENT price of this home, or for the most up-to-date information on this home, call the actual listing office see details below.$5,600 Per Month @ 5.84% APR. * 0% Down 30-Year to those who qualify. * Taxes insurance not included. * Rates As of June 2024*. Includes the 1% buy-down rate for 12 months to those who qualify call the listing office for more info or visit my website see below for info. All products and values are subject to the buyer becoming a VIP buyer to qualify for benefits and products. 1% buy-down value of $4,000 based on $400,000 sale price. $16,813.84 buy-back value based on average listing side commission for Your Home Sold Guaranteed Realty 2023
MlsNumber:	11285864

Listing Provided By:	Your Home Sold Guaranteed Realty TN, original listing
Name:	Your Home Sold Guaranteed Realty TN
Phone:	(865) 365-1670
Office Name:	Your Home Sold Guaranteed Realty TN
Office Phone:	(865) 365-1670
Agent Name:	Tannor Giles
Disclaimer:	Copyright Â© 2024 My State MLS. 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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HUD Foreclosures

Foreclosure Listings Increasing