865 Real Estate

East Tennessee Real Estate & Neighborhood Source

Just listed! Farragut condo/villa for sale in Fox Den on 11th Fairway.

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414 Lost Tree in Fox Den
Fox Den Villa for sale

UPDATE: SOLD! FARRAGUT MAINTENANCE FREE VILLA FOR SALE IN FOX DEN. BEAUTIFUL UPDATED VILLA ON #11 FAIRWAY OF FOX DEN COUNTRY CLUB. NEW TRAVERTINE FLOORS IN FOYER & KITCHEN, NEW HARDWOOD IN LIVING ROOM, DINING ROOM & GUEST BEDROOM ON MAIN. LIVING ROOM OFFERS GAS LOG FIREPLACE, KITCHEN W/TILED BACKSPLASH & LARGE WALK-IN PANTRY. UPSTAIRS FEATURES PLUSH MASTER SUITE WITH 2 WALK-IN CLOSETS & SPACIOUS BATH, PLUS GUEST SUITE WITH A PRIVATE BATH. ENJOY THE OUTDOORS ON THE SCREENED PORCH OVERLOOKING THE GOLF COURSE! 2 NEW HVAC UNITS, NEW ROOF, GUTTERS, DOWNSPOUTS, DOORS, EXTERIOR PAINT & NEW SECURITY SYSTEM & IRRIGATION SYSTEM.

CLICK TO SEE ALL HOMES FOR SALE IN FOX DEN 

Gordon Food Service opens store in West Knoxville

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gordon-food-service KnoxvilleGordon Food Service, or GFS, is the largest family owned and operated food service distributor in North America.  Offering “restaurant quality” food to the public in both case and individual quantities without a membership.  Their new West Knoxville store just had their Grand Opening and is located at 9312 Kingston Pike, Knoxville, TN 37922 one block WEST of Cedar Bluff Road.

 

More Foreclosures in Knoxville Expected to Hit the Market

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bank owned knoxvilleHow with the recently negotiated National Mortgage Settlement effect the current Knoxville housing market?

Foreclosures in Knoxville have been significantly slowed since the third quarter of 2010. Since that time banks have been concerned about the penalties they would face from the settlement and in turn chose to delay the actual seizure of foreclosed properties until the settlement was reached. These foreclosures in question are known as the ‘shadow inventory’ which is currently hanging over the market.

Now with the settlement complete the banks have a roadmap they can follow which will allow them to repossess a home without penalty. The “shadow inventory” of distressed properties will now find it’s way through the process and be put on the market for sale.  This means we will be seeing an increased amount of foreclosures in Knoxville hit our local real estate market.

Rick Sharga, executive vice president for Carrington Holding, explains:

“The bottom line is that 2012 will see a lot of foreclosures that should have taken place in 2011 and didn’t.”

How will this effect the housing market?  Good in the long run, not so good for prices in the short run.

The Washington Post reported:

“Mark Vitner, a senior economist at Wells Fargo Securities, said the settlement helps the housing market in the long run because it allows banks to proceed with millions of foreclosures that have been stalled.”

CLICK HERE TO SEARCH FORECLOSURES IN KNOXVILLE FOR SALE

 

 

Lorena Estrada of WVLT Dancing with the Knoxville Stars for Children’s Hospital

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Lorena Estrada WVLTLorena Estrada, of WVLT Local 8 News, will be participating in this year’s Dancing with the Knoxville Stars, benefiting the Star 102.1 Radiothon for the East Tennessee Children’s Hospital.

Lorena and the other Knoxville Stars will be teaming with instructors from the Academy Ballroom dance studio in the competition which is scheduled for February 16 at 6 p.m at the Knoxville Expo Center.

 Lorena will compete against WBIR sports achor Kris Budden, fitness expert Missy Kane, singer/songwriter Logan Murrell, former Vol Robert Peace, Knoxville News-Sentinel writer Jamie Satterfield, Star 102.1 DJ Shaffer, Renita Stinnett from the Knoxville Expo Center/Graham Corporation, former Knoxville first lady Janet Testerman, singer/songwriter and emcee at Dixie Stampede Jay Teter, and WATE anchor Bo Williams.

Tickets are $55 and can be purchased online (click here) or by calling the Children’s Hospital Development Office at (865) 541-8441. VIP tables are also available for $400.

Winners of the Dancing of the Knoxville Stars event will be determined by a combination of judges’ votes and online voting. When voting online: one dollar equals one vote. Guests can also bring their dollars to vote on the night of the show too.

The event is sponsored by Titanic Museum Attraction and Wells Fargo Advisors.

Megabus adds route between Knoxville, Nashville, and Memphis!

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Megabus-knoxvilleExciting news for those wanting to take advantage of some of the other great cities in Tennessee! Today Megabus announced a new route between Knoxville, Nashville and Memphis. Starting February 29th the bus will travel twice a day between the cities.

Fares for the bus route will begin at $1 per seat.

In celebration of the  new route, Megabus is giving away 1,000 free tickets. To try and get a free seat, use the promo code “TN1000” when purchasing tickets.

“Megabus.com has rapidly become the travel option of choice for millions of people and today we’re excited to expand our offerings in Tennessee,” said Dale Moser, president and COO of megabus.com. “As Americans continue to look for ways to stretch their income, we will continue to provide safe, convenient and affordable travel.”

Founded in 2006, Megabus has become a widely popular travel option.  The Megabuses aren’t your typical bus, they are state-of-the-art environmentally-friendly, double-decker buses with free wi-fi, power outlets and restrooms.