Home for Sale at 6107 Stormer Rd, Knoxville, TN 37918

6107 Stormer Rd
Knoxville, TN 37918

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Property Details

List Price:	$1,100,000
Beds:	4
Baths:	4
Status:	Active
SqFt:	3787
Agency:	Bailey & Co Real Estate

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Description/Comments

Lot Size:	3 acre(s)
Property Type:	Residential
Year Built:	2002
Notes:	Secluded unrestricted 3.5 acres in Halls/Gibbs area. If additional living quarters is what you're looking for then look no further. This property would be perfect for additional family living space or Air-BNB rental. The main house has 4 Br 3.5 Baths along with 2nd kitchen and full bath down with walkout access and a detached garage apartment featuring 700+sqft 1Br 1Ba. Lots of possibilities.<br /> If a workshop is your dream, then check out this 30x20 detached garage with 12x16 roll up door. Ideal for home hobbies or additional storage space. Outdoor lovers will love fishing the stocked stream fed pond off the bridge or having plenty space for gardening & animals. Room for boat & RV storage. Enjoy the outdoors from the gazebo, 2 covered porches, screened porch & deck.<br /> The main house features: Ensuite & 2nd bedroom on main level with 2 bedrooms up with one of the bedrooms offering 2 additional living spaces. The ensuite features a large laundry room, tub, shower and private covered porch. Gorgeous new main level eat-in kitchen. Large living & dining rooms. The basement has 2nd kitchen, full bath, flex space with closet and a cellar for extra storage or canning. The private separate entry allows for separate living if needed. The above garage 1B, 1B Apartment w/700+ sqft, has full kitchen, washer & dryer hook ups, covered porch and lends to multiple opportunities. Updates include: new paint, new hvac, new roof & gutters, new pex plumbing, newer hot water heater, plus a new dishwasher and fridge. Move-in ready. A Must See!! Total sqft is for the main house only and doesn't include the 720 apartment. Tax records don't reflect the additional acreage to be added at closing to property.
MlsNumber:	1266061

Listing Provided By:	Bailey & Co Real Estate, original listing
Name:	Bailey & Co Real Estate
Phone:	(865) 947-9000
Office Name:	The Bailey Group, Realty Executives
Office Phone:	(865) 947-9000
Agent Name:	Laura Bailey
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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