Doorbell Real Estate Archives - Page 4 of 40

Homes for sale in West Knoxville – 6536 Airtree Lane, Knoxville, TN 37931

January 28, 2022 By Troy Stavros

OPEN HOUSE THIS SUNDAY FROM 12-5PM! This will be the first available time to see this home so make plans to come out! Located at 6536 Airtree Lane, Knoxville, TN 37931. Super cute 2 story home tucked away in convenient West Knoxville location close to shopping, schools, etc. 3-minute walk to the neighborhood pool and clubhouse. Newer updates include a covered patio overlooking the completely fenced backyard and an updated HVAC system. Inside you’ll enjoy hardwood floors, crown molding, and a fireplace in the large family room. The kitchen with island features quartz counters, custom backsplash, and stainless steel appliances. An oversized formal dining room/flex space finishes off the main level. Upstairs you’ll find the owner’s suite complete with tray ceiling and a bath with updated shower with glass door, as well as double vanities, garden tub, and a walk-in closet. 2 additional bedrooms up plus a large bonus room which could serve as a 4th bedroom. OFFERED at $350,000.
Have questions or want to schedule a private showing? Contact the Troy Stavros TEAM at CornerStone Realty Associates at 865-999-0925

6536 Airtree Lane, Knoxville, TN 37931

$381,000

Property Type: Single Family Bedrooms: 3 Square Footage: 2,057 Lot Size (sq. ft.): 9,148 Status: Closed

Current Price: $381,000 List Date: 1/29/2022 Last Modified: 12/21/2023

Description

Super cute 2 story home tucked away in convenient West Knoxville location close to shopping, schools, etc. 3 minute walk to the neighborhood pool and clubhouse. Newer updates include covered patio overlooking the completely fenced backyard and updated HVAC system. Inside you'll enjoy hardwood floors, crown molding and a fireplace in the large family room. The kitchen with island features quartz counters, custom backsplash and stainless steel appliances. An oversized formal dining room/flex space finishes off the main level. Upstairs you'll find the owner's suite complete with trey ceiling and a bath with updated shower with glass door, as well as double vanities, garden tub and a walk-in closet. 2 additional bedrooms up plus a large bonus room which could serve as a 4th bedroom. OPEN 1/30!

More Information MLS# 1178891

Location Tax Legal Info

House #: 6536 Street Name: Airtree St Suffix: Lane State/Province: TN Zip Code: 37931 Property Sub-Type: Residential PIN #: 091ME043 Subdivision: Maitland Woods Geo Lat: 35.961829 Geo Lon: -84.064873

Contract Info

Auction Y/N: No Listing Price: 350000 Current Price: $381,000 Status: Closed Listing Date: 2022-01-26

General Property Description

Type: 2 Story Acres: 0.21 Acre Source: Tax Records Site Built: Yes Restrictions: Yes SqFt - Total (Aprox): 2057 SqFt - Main Lvl: 822 SqFt - 2nd Flr Lvl: 1234 # Bedrooms: 3 Baths - Full: 2 Baths - 1/2: 1 # of Rooms: 8 Fireplace: Yes # Fireplace: 1 Property Status: N/A HOA: Mandatory HOA Fee: 135 HOA Freq: Quarterly HOA Contact: . Year Built: 2007 Bonus Room: Yes

Status Change Info

Status Change Date: 2022-03-14 Under Contract Date: 2022-01-31 Sold Date: 2022-03-04 Sold Price: $381,000

Property Features

Style: Traditional Construction: Frame Siding: Vinyl Basement: Slab Lot Description: Irregular Lot; Level; Rolling Slope Fireplace: Gas Log Floors: Carpet; Hardwood; Laminate Fuel: Electric; Gas (Natural) Heat: Central; Forced Air Cooling: Ceiling Fan(s); Central Cooling Appliances: Dishwasher; Disposal; Microwave; Range; Self Cleaning Oven; Smoke Detector Sewer: Public Sewer Water: Public Other Rooms: Family Room; Laundry/Utility Misc Features: Internet Available; Island in Kitchen; Pantry; Trey Ceiling; Walk-in Closets; Walk-in Shower; Washer/Dryer Connect; Whirlpool Tub; Wired for Internet Exterior Features: Fence - Privacy; Fence - Wood; Fenced - Yard; Patio; Porch - Covered; Prof Landscaped; Windows - Insulated Dining Area: Breakfast Bar; Eat-in Kitchen; Formal Dining Area Community Amenities: Architect Restricted; Club House; Swimming Pool Association Fee Incl: All Amenities Showing: See Agent Instructns New Financing: Cash; Conventional; FHA; New Loan; VA Loan

Listing Office: Doorbell Real Estate

Office Phone: 888-388-3667

Last Updated: December - 21 - 2023

6536 Airtree Lane, Knoxville, TN 37931- MLS# 1178891

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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What Are Experts Saying About The 2022 Housing Market?

December 31, 2021 By Troy Stavros

As we move into 2022, both buyers and sellers in East Tennessee are wondering, what’s next? Will there be more homes available to buy? Will East Tennessee home prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in 2022.

Odeta Kushi, Deputy Chief Economist, First American:

“Consensus forecasts put rates at about 3.7% by the end of next year. So, that’s still historically low, but certainly higher than they are today.”

Danielle Hale, Chief Economist, realtor.com:

“Affordability will increasingly be a challenge as interest rates and prices rise, but remote work may expand search areas and enable younger buyers to find their first homes sooner than they might have otherwise. And with more than 45 million millennials within the prime first-time buying ages of 26-35 heading into 2022, we expect the market to remain competitive.”

Lawrence Yun, Chief Economist, National Association of Realtors (NAR):

“With more housing inventory to hit the market, the intense multiple offers will start to ease. Home prices will continue to rise but at a slower pace.”

George Ratiu, Manager of Economic Research, realtor.com:

“We also expect a growing number of homeowners to bring properties to market, taking some pressure off high prices and offering buyers more options.”

Mark Fleming, Chief Economist, First American:

“Strong demographic demand will continue to act as the wind in the housing market’s sails.”

What Does This Mean for Buyers in East Tennessee?

Hope is on the horizon for 2022. You should see your options grow as more homes are listed and some of the peak intensity of buyer competition starts to ease. Just remember, rising rates and prices are a great motivator for you to find the home of your dreams sooner rather than later so you can buy while today’s affordability is still in your favor.

What Does This Mean for Sellers?

Make no mistake – this sellers’ market in East Tennessee will remain in 2022 as home prices are projected to continue climbing, just at a more moderate pace. Selling your house in East Tennessee while buyer demand is so high will truly put you in the driver’s seat. But don’t wait too long. With more listings projected to become available, your ideal window of opportunity to stand out from the crowd won’t last forever. Work with an agent who knows your local market and current inventory conditions to ensure you have the support you need to make an educated and informed decision about selling in the coming year.

Bottom Line

If you’re thinking of buying or selling, 2022 may be your year. Let’s connect to discuss your goals and the unique opportunities you have in today’s housing market.

Contact the Troy Stavros TEAM at CornerStone Realty Associates today at 865-999-0925 with questions or to get the process started.

The Perks of Putting 20% Down When Buying a Home in East Tennessee

December 28, 2021 By Troy Stavros

The Perks of Putting 20% Down on a Home | MyKCM

If you’re thinking of buying a home in East Tennessee, you’re probably wondering what you need to save for your down payment. Is it 20% of the purchase price, or could you put down less? While there are lower down payment programs available that allow qualified buyers to put down as little as 0%, it’s important to understand the many perks that come with a 20% down payment.

Here are 4 reasons why putting 20% down may be a great option if it works within your budget.

1. Your Interest Rate May Be Lower

A 20% down payment vs. a 3-5% down payment shows your lender you’re more financially stable and not a large credit risk. The more confident your lender is in your credit score and your ability to pay your loan, the lower the mortgage interest rate they’ll likely be willing to give you.

2. You’ll End Up Paying Less for Your Home

The larger your down payment, the smaller your loan amount will be for your mortgage. If you’re able to pay 20% of the cost of your new home in East Tennessee at the start of the transaction, you’ll only pay interest on the remaining 80%. If you put down 5%, the additional 15% will be added to your loan and will accrue interest over time. This will end up costing you more over the lifetime of your home loan.

3. Your Offer Will Stand Out in a Competitive Market

In the East Tennessee market where many buyers are competing for the same home, sellers often like to see offers come in with 20% or larger down payments. The seller gains the same confidence as the lender in this scenario. You are seen as a stronger buyer with financing that’s more likely to be approved. Therefore, the deal will be more likely to go through.

4. You Won’t Have To Pay Private Mortgage Insurance (PMI)

What is PMI? According to Freddie Mac:

“For homeowners who put less than 20% down, Private Mortgage Insurance or PMI is an added insurance policy for homeowners that protects the lender if you are unable to pay your mortgage.
It is not the same thing as homeowner’s insurance. It’s a monthly fee, rolled into your mortgage payment, that’s required if you make a down payment less than 20%. . . . Once you’ve built equity of 20% in your home, you can cancel your PMI and remove that expense from your monthly payment.”

As mentioned earlier, if you put down less than 20% when buying a home, your lender will see your loan as having more risk. PMI helps them recover their investment in you if you’re unable to pay your loan. This insurance isn’t required if you’re able to put down 20% or more.

Many times, home sellers looking to move up to a larger or more expensive home are able to take the equity they earn from the sale of their house to put 20% down on their next home. With the equity homeowners have today, it creates a great opportunity to put those savings toward a larger down payment on a new home.

Bottom Line

If you’re looking to buy a home in East Tennessee, consider the benefits of 20% down versus a smaller down payment option. Let’s connect so you have expert advice to help make your homeownership goals a reality.

Contact the Troy Stavros TEAM at CornerStone Realty Associates today at 865-999-0925.

Historic Home for Sale on the Historic Downtown Loudon Square

December 27, 2021 By Troy Stavros

How about a Historic 100+ year old home on the square in Historic Downtown Loudon? Along the banks of the Tennessee River, you can take a step back in time and enjoy all the comforts of small-town living and then some. This charming multi-use facility was built in 1900 and has been remodeled/restored and is in outstanding condition. Located on the busy and revitalized Downtown Loudon Square, it sits directly across from the Loudon County Courthouse. Within a 5 minute stroll, you can enjoy multiple restaurants, shops, professional services, an ice cream parlor and more. Currently zoned commercial and on the docket for a possible zoning change to residential, this property could serve multiple uses. Office, coffee shop, antique shop, possible short-term rental, long-term rental, private residence, or shop/office with private residence above. Lots of possibilities. Public street parking in front and a private parking lot in the back. Don’t miss this amazing opportunity on a one-of-a-kind property.

306 Wharf St, Loudon, TN 37774

$195,000

Virtual Tour

https://tours.storymaker360.com/tours/uByrs5Ry0

Property Type: Single Family Bedrooms: 2 Square Footage: 1,392 Lot Size (sq. ft.): 6,098 Status: Closed

Current Price: $195,000 List Date: 1/07/2022 Last Modified: 12/21/2023

Description

How about a Historic 100+ year old home on the square in Historic Downtown Loudon? Along the banks of the Tennessee River you can take a step back in time and enjoy all the comforts of small town living and then some. This charming multi-use facility was built in 1900 and has been remodeled/restored and is in outstanding condition. Located on the busy and revitalized Downtown Loudon Square, it sits directly across from the Loudon County Courthouse. Within a 5 minute stroll you can enjoy multiple restaurants, shops, professional services, ice cream parlor and more. Currently zoned commercial but this property could serve multiple uses. Office, shops, possible short term rental, long term rental, private residence, shop+residence.