865 Real Estate

East Tennessee Real Estate & Neighborhood Source

2110 Duck Cove Drive, Knoxville, TN 37922 – Lake Access West Knoxville

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Situated on 1.54 acres and backing to TVA property this home found in the Bluff Point lakefront/lake access community is located at 2110 Duck Cove Drive, Knoxville, TN 37922. Floor plan is ideal for entertaining with the updated kitchen open to a hearth room and separate eat-in kitchen area, then flowing naturally to the formal dining and family room. Just steps away is access to the wrap around back deck and screened porch overlooking the extra large backyard with a wooded perimeter. Trek through the woods down to the lake or to a bluff overlooking Ft. Loudon lake. Owner’s suite features an updated bath with custom, walk-in tile shower and his and her vanities and closets. 2 additional bedrooms down the hall are ample in size. The lower level is complete with a rec room and 4th bedroom, plus extra space for projects or storage. Bluff Point subdivision has a private boat ramp to get you on the lake. For more information contact Troy Stavros with Gables & Gates, REALTORS at 865-777-9191.

This listing is no longer available.

808 Goldfinch Avenue, Knoxville, TN 37920 – SOUTH KNOXVILLE!

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SOLD IN 5 DAYS! This South Knoxville home has a super convenient location that is only minutes to downtown Knoxville and the University of Tennessee and nestled in a cul-de-sac at the end of a quiet street. Need space? This basement rancher has it! 3 bedrooms and 1.5 baths on the main level plus an additional bedroom, full bath, and rec room with fireplace in the lower level. NO CARPET (beautiful hardwood floors and tile on the main level and laminate wood floors and tile in the lower level). Need some extra storage or an additional room for crafts? This home has it! Dedicated laundry room as well. Large patio and grass area in the backyard for relaxation or play. Detached oversized one car garage and carport. Lots of house for the money! Call today to schedule a time to see it. Could go fast!

Contact me, Troy Stavros with Gables & Gates, REALTORS at 865-777-9191 to schedule a time to see it or with any questions.

This listing is no longer available.

260 Lancaster Drive, Lenoir City, TN 37771 – One Level Living!!

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SOLD IN 31 DAYS! Spotless one level living. Prepare to be wowed by the floor plan, room sizes, updates, and features not typically found in a home in this price range. Stunning handscraped hardwood floors through most of the home. Granite counters, custom cabinets, and stainless steel appliances in the kitchen. 3 split bedrooms all on the one level, plus a private office. Huge sunroom and screened porch overlook the completely flat backyard bordered by a beautiful brick wall. Professional landscaping and irrigation system. 3.5 car garage (one heated and cooled) plus a breezeway/carport and extra parking pad. Perched on top of a hill offering nice views, privacy, and .82 acres. Minutes to the lake, shopping, schools, and healthcare. This is a must see!

For more information or to schedule a private showing contact me, Troy Stavros with Gables & Gates, REALTORS at 865-777-9191. Would you like to see your home marketed this way? Call me!

This listing is no longer available.

2 Mortgage Myths That Are Effecting Home Buyers

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Fannie Mae’s “What do consumers know about the Mortgage Qualification Criteria?” Study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home.

Myth #1: “I Need a 20% Down Payment”

Fannie Mae’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 76% of Americans either don’t know (40%) or are misinformed (36%) about the minimum down payment required.

Many believe that they need at least 20% down to buy their dream home. New programs actually let buyers put down as little as 3%.

Below are the results of a Digital Risk survey of Millennials who recently purchased a home.

2 Myths About Mortgages That May Be Holding Back Buyers | MyKCM

As you can see, 64.2% were able to purchase their home by putting down less than 20%, with 43.8% putting down less than 10%!

Myth #2: “I need a 780 FICO Score or Higher to Buy”

The survey revealed that 59% of Americans either don’t know (54%) or are misinformed (5%) about what FICO score is necessary to qualify.

Many Americans believe a ‘good’ credit score is 780 or higher.

To help debunk this myth, let’s take a look at the latest Ellie Mae Origination Insight Report, which focuses on recently closed (approved) loans. As you can see below, 54.1% of approved mortgages had a credit score of 600-749.

2 Myths About Mortgages That May Be Holding Back Buyers | MyKCM

Bottom Line

Whether buying your first home or moving up to your dream home, knowing your options will definitely make the mortgage process easier. Your dream home may already be within your reach. Have questions or want to get the process started? Contact me, Troy Stavros with Gables & Gates, REALTORS today at 865-777-9191 to setup a time to talk.

Where Are Home Prices Headed Over The Next 5 Years?

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Today, many of my Knoxville real estate conversations center on housing prices and where they may be headed. That is why I like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey:

Home values will appreciate by 4.5% over the course of 2016, 3.6% in 2017 and about 3.2% in the next two years, and finally 2.9% in 2020 (as shown below). That means the average annual appreciation will be 3.5% over the next 5 years.

Projected Appreciation | MyKCM

The prediction for cumulative appreciation increased slightly from 24.7% to 26.3% by 2020. The experts making up the most bearish quartile of the survey are still projecting a cumulative appreciation of 11.1%.

Cumulative Price Appreciation | MyKCM

Bottom Line

Individual opinions make headlines. I believe the survey is a fairer depiction of future values. If you are interested in a quick estimate of what your home is worth right now CLICK HERE. For a pinpoint value or to talk about getting your home sold, contact me, Troy Stavros with Gables & Gates, REALTORS at 865-777-9191. I look forward to hearing from you!