865 Real Estate

East Tennessee Real Estate & Neighborhood Source

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!

260 Lancaster Drive, Lenoir City, TN 37771

$339,000
Property Type: Single Family Bedrooms: 3 Square Footage: 3,052 Lot Size (sq. ft.): 35,719 Status: Closed
Current Price: $339,000 List Date: 9/30/2016 Last Modified: 9/28/2021

Overview

Description

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!

Listing Details MLS# 980209

Contract Info

Auction Y/N
No

Location, Tax & Legal Info

Area
Loudon County - 32
Property Sub-Type
Residential
City/County Code
City Limits
Total Tax
1887.75

General Property Description

Type
Ranch
# Bedrooms
3
Acres
0.82
# of Rooms
8
Restrictions
Yes
Site Built
Yes
Fireplace
Yes
HOA Fee
70
HOA Freq
Yearly
HOA Contact
ALLENBROOKHOA.COM
Property Status
N/A
SqFt - Main Lvl
3052
SqFt - Down Lvl
0
SqFt - 2nd Flr Lvl
0
SqFt - 3rd Flr Lvl
0
# Fireplace
1
HOA
Mandatory
Basement
No
Bonus Room
Yes
Extra Storage
Yes

Remarks & Misc

Directions
HWY 321 SOUTH TO RIGHT ON TOWN CREEK PARKWAY. TOWN CREEK PARKWAY TURNS INTO HARRISON ROAD AS YOU ARE PASSING LENOIR CITY HIGH SCHOOL ON THE LEFT. CONTINUE ON HARRISON ROAD PAST THE STOP SIGN THEN TAKE YOUR FIRST RIGHT INTO ALLENBROOK SUBDIVISION ONTO WILLINGHAM DRIVE. THEN 2ND LEFT ONTO LANCASTER DRIVE. HOME IS AT THE CURVE IN THE ROAD ON YOUR LEFT. SIGN IN YARD.
Public Remarks
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!

Atchd/Dtchd Type

Detached
Yes

Style

Traditional
Yes

More Information

Construction

Brick
Yes

Siding

Brick
Yes

Fireplace

Gas Log
Yes

Cooling

Ceiling Fan(s)
Yes
Central Cooling
Yes

Floors

Carpet
Yes
Hardwood
Yes
Tile
Yes

Garage/Parking

Garage Spaces
3
Attached
Yes
Carport
Yes
Garage Door Opener
Yes
Main Level
Yes
Side/Rear Entry
Yes

Basement

Slab
Yes

Lot Description

Level
Yes
Rolling Slope
Yes

Fuel

Electric
Yes
Gas (Natural)
Yes

Heat

Central
Yes
Forced Air
Yes

Dining Area

Breakfast Bar
Yes
Formal Dining Area
Yes

Appliances

Dishwasher
Yes
Disposal
Yes
Gas Stove
Yes
Microwave
Yes
Range
Yes
Smoke Detector
Yes

Other Rooms

Bedroom Main Level
Yes
Den/Study
Yes
Extra Storage
Yes
Family Room
Yes
Laundry/Utility
Yes
Mstr Bdrm Main Level
Yes
Split Bedroom
Yes
Sunroom
Yes
Workshop
Yes

Exterior Features

Patio
Yes
Porch - Covered
Yes
Porch - Screened
Yes
Prof Landscaped
Yes
Windows - Insulated
Yes

Misc Features

Cathedral Ceiling(s)
Yes
Internet Available
Yes
Pantry
Yes
Walk-in Shower
Yes
Walk-In Closet(s)
Yes
Washer/Dryer Connect
Yes
Whirlpool Tub
Yes
Wired for Internet
Yes

Sewer

Sewer Info
LCUB

Water

Water Info
LCUB

New Financing

Cash
Yes
Conventional
Yes
FHA
Yes
New Loan
Yes
USDA/Rural
Yes
VA Loan
Yes

Showing

See Agent Instructns
Yes
IDX
Listing Office: Gables & Gates, REALTORS
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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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!

Where Are Home Values Today Compared To The Peak in 2008?

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This housing market has many people talking about home values; where they are and where they are headed. It’s also interesting to look back and see how home prices compare to values prior to the housing crisis.

Every quarter, Freddie Mac releases their House Price Index. The index usually provides monthly home values for:

  • the nation as a whole
  • each of the 50 states
  • 367 metropolitan statistical areas

This quarter, the report also included a look at today’s home values as compared to Pre-2008 values. Here is a graphic that breaks down the numbers on a state-by-state basis:

Real Estate Values Today Compared to Pre-2008 Peak | MyKCM

Interested in finding out how much your Knoxville area home is currently worth? CLICK HERE FOR AN INSTANT ESTIMATE. Want a pinpoint value or want to talk about getting your home on the market? Call me, Troy Stavros with Gables & Gates, REALTORS today at 865-777-9191 to schedule a time to talk.