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Stunning Farragut Dream Pool Home with Backyard Oasis in Rockwell Farm!

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436 Rockwell Farm Lane, Knoxville, TN 37934

$695,000
Property Type: Single Family Bedrooms: 4 Square Footage: 3,111 Lot Size (sq. ft.): 15,246 Status: Closed
Current Price: $695,000 List Date: 9/06/2024 Last Modified: 11/23/2024

Description

Welcome to your dream home, perfectly nestled in the heart of sought-after Farragut, TN. This beautiful 2-story residence offers 4 spacious bedrooms and a large bonus room that easily serves as a 5th bedroom, providing the perfect mix of comfort and flexibility. With 2.5 elegantly updated bathrooms, this home exudes modern charm. Step inside to an inviting open floor plan, where the family room's cozy fireplace is framed by custom built-ins, creating an atmosphere of warmth and relaxation. Hardwood floors grace most of the main level, leading to a kitchen with ample counter space, and an eat-in nook perfect for casual meals. For those who need space to work from home, the main level includes a large dedicated office, and when it's time to entertain, the formal dining room is the ideal setting. Take advantage of both front and rear staircases for easy access to the second floor. The backyard is an outdoor oasis. Imagine cooler evenings by the firepit, or summer days spent in the refreshing inground gunite pool, or hosting gatherings or eating alfresco on the spacious patio, with plenty of grassy areas left for play and relaxation. Recent updates include brand-new HVAC units installed in July 2024, ensuring year-round comfort. The extra-large driveway and 2-car garage offer ample parking and storage space. Zoned for all Farragut schools, this home is just minutes from shopping, dining, golf courses, and the lake. Downtown Knoxville is a quick 25-minute drive, and the majestic Smoky Mountains are only 45 minutes away.

More Information MLS# 1275388

Location Tax Legal Info

House #: 436 Street Name: Rockwell Farm St Suffix: Lane State/Province: TN Zip Code: 37934 Property Sub-Type: Residential PIN #: 151LE008 Subdivision: Rockwell Farm Geo Lat: 35.857567 Geo Lon: -84.208066

Contract Info

Auction Y/N: No Listing Price: 724000 Current Price: $695,000 Status: Closed Listing Date: 2024-09-04

General Property Description

Type: 2 Story Acres: 0.35 Acre Source: Tax Records Site Built: Yes Restrictions: Yes SqFt - Total (Aprox): 3111 SqFt - Main Lvl: 1607 SqFt - 2nd Flr Lvl: 1504 # Bedrooms: 4 Baths - Full: 2 Baths - 1/2: 1 # of Rooms: 10 Fireplace: Yes # Fireplace: 1 Property Status: N/A HOA: Mandatory HOA Fee: 325 HOA Freq: Yearly HOA Contact: RockwellFarmHOA.com Year Built: 2004 Bonus Room: Yes Extra Storage: Yes

Status Change Info

Status Change Date: 2024-11-23 Under Contract Date: 2024-10-20 Sold Date: 2024-11-22 Sold Price: $695,000

Property Features

Style: Traditional Construction: Frame - Brick Siding: Brick; Vinyl Basement: Slab Lot Description: Level; Rolling Slope View: Wooded Fireplace: Gas Log Floors: Hardwood; Tile 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: Den/Study; Extra Storage; Family Room; Laundry/Utility; Office; Split Bedroom Misc Features: Internet Available; Pantry; Walk-in Closets; Walk-in Shower; Washer/Dryer Connect Exterior Features: Fence - Privacy; Fence - Wood; Fenced - Yard; Irrigation System; Patio; Pool - Swim (Ingrnd); Prof Landscaped; Windows - Insulated Outbuildings: Storage Shed Dining Area: Eat-in Kitchen; Formal Dining Area Community Amenities: Architect Restricted; Club House; Sidewalks; Swimming Pool Association Fee Incl: All Amenities Showing: See Agent Instructns New Financing: Cash; Conventional; New Loan; VA Loan

Room Information

Family Room Dining Room Kitchen Office Master Bedroom Bedroom 2 Bedroom 3 Bedroom 4 Bonus Room Garage Utility Room
Listing Office: CornerStone Realty Associates
Office Phone: 865-966-9700
Last Updated: November - 23 - 2024
436 Rockwell Farm Lane, Knoxville, TN 37934- MLS# 1275388
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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Welcome to your dream home, perfectly nestled in the heart of sought-after Farragut, TN. Located at 436 Rockwell Farm Lane, Knoxville, Tennessee, this beautiful 2-story residence offers 4 spacious bedrooms and a large bonus room that easily serves as a 5th bedroom, providing the perfect mix of comfort and flexibility. With 2.5 elegantly updated bathrooms, this home exudes modern charm. Step inside to an inviting open floor plan, where the family room’s cozy fireplace is framed by custom built-ins, creating an atmosphere of warmth and relaxation. Hardwood floors grace most of the main level, leading to a kitchen with ample counter space, and an eat-in nook perfect for casual meals. For those who need space to work from home, the main level includes a large dedicated office, and when it’s time to entertain, the formal dining room is the ideal setting. Take advantage of both front and rear staircases for easy access to the second floor. The backyard is an outdoor oasis. Imagine cooler evenings by the firepit, or summer days spent in the refreshing inground gunite pool, or hosting gatherings or eating alfresco on the spacious patio, with plenty of grassy areas left for play and relaxation. Recent updates include brand-new HVAC units installed in July 2024, ensuring year-round comfort. The extra-large driveway and 2-car garage offer ample parking and storage space. Zoned for all Farragut schools, this home is just minutes from shopping, dining, golf courses, and the lake. Downtown Knoxville is a quick 25-minute drive, and the majestic Smoky Mountains are only 45 minutes away. Have questions? Want to schedule a tour? Need to your your home sold or help finding a home? Contact Troy Stavros with CornerStone Realty Associates at 865-999-0925 today.

February 2024 Farragut, TN Real Estate Market Update: Expert Insights for Buyers & Sellers

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CLICK HERE TO SEE ALL HOMES FOR SALE IN FARRAGUT, TENNESSEE

The Farragut, Tennessee, real estate market has presented a mixed bag of trends as of February 2024, offering unique opportunities and challenges for both buyers and sellers. Troy Stavros from Cornerstone Realty Associates brings us an in-depth analysis of the market dynamics, revealing essential insights that can guide your real estate decisions in this picturesque locale.

Farragut Home Sales and Prices on the Rise

Despite a slight 3.8% decrease in home sales compared to last year, the Farragut market has shown signs of heating up with a 33.3% increase in pending sales. This indicates a growing interest among buyers as we edge closer to the spring selling season. Notably, the median sales price has surged by 33.81% to $679,150, accompanied by an average sold price per square foot of $238. This upward trend in pricing is reflective of a strong demand, underscored by the significantly low inventory levels with an absorption rate of 1.85 months.

Inventory and Listings

A Seller’s Advantage The inventory of homes has seen a 22.2% increase, coupled with a 30.6% rise in new listings. This expanded inventory, while still low, presents a favorable scenario for sellers, offering them leverage due to the persistent demand. The market remains in a slight seller’s domain with the market action index at 42, signaling that prices are continuing to climb.

What’s Selling in Farragut?

The diversity in the Farragut market is evident from the sales distribution across various price ranges. The most sales were recorded in the $400,000 to $450,000 and $750,000 to $800,000 brackets, each with four sales. Pending sales were notably active in the $450,000 to $500,000, $350,000 to $400,000, and $650,000 to $700,000 price ranges. The highest inventory available falls in the $650,000 to $700,000 range, with 12 homes for sale, indicating a broader selection for buyers in this segment.

Insights for Buyers in Farragut

For buyers, the current market conditions suggest a competitive landscape, especially in the lower price segments, which are moving quickly with the lowest days on the market. With median days on market at 42 days, down from 77 at the beginning of February, buyers must act swiftly to secure properties in this fast-paced market. The varied inventory and new listings across different price points offer opportunities for buyers to find homes that meet their preferences and budget.

Tips for Sellers in Farragut

Sellers in Farragut are in a favorable position, thanks to the low inventory and high demand, especially in the lower price segments. To capitalize on this market, sellers should consider pricing their homes competitively, particularly if they are in the high-demand price ranges. Highlighting the unique features and value of their properties can also attract more buyers, especially as the market action index suggests a slight seller’s market.

Conclusion

The Farragut, Tennessee, real estate market is vibrant and evolving, with significant opportunities for both buyers and sellers. Whether you’re looking to purchase your dream home or sell your property at a premium, understanding the current market trends and dynamics is crucial. For personalized advice and the latest market updates, consider reaching out to a local real estate expert like Troy Stavros at Cornerstone Realty Associates. Call or text Troy at 865-999-0925.

CLICK HERE FOR ACCESS TO MY WEEKLY FARRAGUT MARKET REPORT. (Never miss a beat, search for ANY city and/or zip of interest, and click “Subscribe” to receive an update each week.)

Remember, whether buying or selling, staying informed about the latest market trends in Farragut is key to making well-informed real estate decisions. For more insights and updates, keep an eye on the market and consult with professionals who can guide you through the intricacies of the Farragut real estate landscape.

Farragut, Tennessee Housing Market Update: December 2023 (plus a year end review)

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A Year in Review: Insights into Farragut's Real Estate Dynamics

As 2023 draws to a close, the Farragut, Tennessee, real estate market presents a unique landscape for buyers, sellers, and homeowners. This video provides a synthesized overview of market trends, offering valuable insights as we head into 2024.

Current Market Trends in Farragut
Farragut's housing market in December 2023 shows some distinct trends:

Price Adjustments: There's been a notable trend in home prices throughout the year, either trending upwards or showing signs of stabilization.

Inventory Fluctuations: The availability of homes in Farragut has either increased, suggesting a buyer's market, or decreased, indicating a seller's market.

Sales Velocity: The time homes spend on the market in Farragut might have changed, affecting how quickly sellers can expect to close a deal.

Implications for Market Participants

For Prospective Buyers: This information is crucial for those looking to purchase a home in Farragut. It can guide you in making timely decisions and negotiating the best deals.

For Sellers: Sellers can use these insights to strategize their sales approach, from pricing to marketing their property.

For Current Homeowners: Stay informed about your property’s value and the overall health of the Farragut real estate market.
Forecast for 2024

Looking ahead, the Farragut housing market is expected to continue evolving. Potential buyers and sellers should stay informed about market conditions to make the most of their real estate investments.

Conclusion
Farragut's real estate market remains dynamic and attractive for various real estate activities. Whether you're buying, selling, or just keeping an eye on the market, staying up-to-date with the latest trends is crucial. For more personalized advice or detailed market insights in Farragut, contact Troy Stavros with CornerStone Realty Associates at 865-999-0925 today.

Unlocking Opportunities: Exploring the Modern Era of Adjustable-Rate Mortgages

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Cast your mind back to the real estate turbulence of 2008, a time when adjustable-rate mortgages (ARMs) commanded the spotlight. Fast forward to today, and ARMs are experiencing a resurgence in popularity among both seasoned homeowners and first-time buyers. Let’s delve into the reasons behind this shift and lay to rest any concerns it might evoke.

A visual representation of data from the Mortgage Bankers Association (MBA) serves as our guide, illustrating the gradual rise in the prevalence of adjustable-rate mortgages over recent years:

As the graph demonstrates, the landscape shifted from approximately 3% of all mortgages in 2021 to a notable increase in ARMs usage last year. The rationale behind this uptick is quite straightforward. With mortgage rates undergoing a significant climb, homeowners found solace in the ARMs option. The allure was simple: ARMs provided a way to secure lower interest rates in a climate where conventional borrowing costs were peaking.

Now, let’s debunk any misconceptions right away – the ARMs of today are not the same as the ones that contributed to the 2008 housing crisis. A pivotal factor behind that crisis was the lax lending standards prevailing at the time. Borrowers could obtain ARMs without substantiating their employment, income, or assets – a recipe for financial instability. This approach landed many homeowners in hot water, as they grappled with loans they were never truly qualified for.

In this iteration, lending standards have undergone a transformation. The financial sector has heeded the lessons from history, implementing stringent verification procedures for income, assets, and employment. In essence, modern-day borrowers are required to qualify for their loans, establishing their capacity to repay.

Archana Pradhan, an Economist at CoreLogic, elucidates the evolution:

“About 60% of Adjustable-Rate Mortgages (ARM) originated in 2007 were granted with minimal or no documentation… Similarly, in 2005, 29% of ARM borrowers had credit scores below 640… At present, nearly all conventional loans, including both ARMs and Fixed-Rate Mortgages, mandate comprehensive documentation, amortization, and are extended to borrowers with credit scores above 640.”

To make this crystal clear, let’s put it in layman’s terms, as described by Laurie Goodman at Urban Institute:

“The Adjustable-Rate Mortgages available today carry no more risk than other mortgage products, and their lower monthly payments could potentially widen access to homeownership for a larger pool of prospective buyers.”

For those concerned that today’s ARMs might resemble the previous crisis triggers, take comfort in knowing that the dynamics have shifted significantly this time around.

And for those venturing into the realm of homeownership for the first time, seeking viable lending options to navigate today’s affordability challenges, consider reaching out to a trusted lender. They stand ready to guide you through the intricate landscape of modern real estate financing.”

Farragut Homes for Sale: 317 Sugarwood Drive, Knoxville, TN 37934

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This listing is no longer available.

Now available at an unbeatable price, reflecting the substantial discount. Your dream home, infused with luxury and unmatched value, eagerly awaits your arrival. Now a home in Farragut’s Sugarwood Subdivision is more accessible than ever with a significant price reduction of $50,000 off the original list price. Over $40,000 in upgrades meticulously infused by the seller to enhance comfort and aesthetic appeal. This home is available for a quick move-in. Options to structure the offer price to accommodate for closing costs or rate buy down. This home has been well taken care of. 

Welcome to your dream home in sought-after Farragut, Tennessee! This stunning residence is located in the desirable Sugarwood Subdivision, offering a fantastic community swimming pool and an opportunity to acquire a neighborhood pool membership just in time for summer. With its prime location, this home is zoned for Farragut schools and is conveniently situated just minutes away from shopping centers, grocery stores, restaurants, coffee shops, parks, golf courses, a country club, Top Golf, and easy access to the interstate.

Prepare to be impressed by the amazing layout of this home, perfect for entertaining and creating lasting memories. The spacious open floor plan creates a seamless flow between rooms, allowing for effortless social gatherings. Step outside and discover a large patio that overlooks a meticulously maintained fenced backyard, providing a private retreat for outdoor activities and relaxation.

As you enter the home, you’ll immediately notice the exquisite hardwood floors and tile throughout the main level, adding elegance and durability to the living spaces. Boasting 4 bedrooms and 2.5 baths, including an oversized owner’s suite, this home offers plenty of space for everyone.

The extra large 2-car garage provides ample room for vehicles and storage, ensuring you have space for all your belongings. The kitchen is a chef’s delight, featuring an oversized island, abundant counter and cabinet space, and modern appliances. Adjacent to the kitchen, you’ll find the warm and inviting keeping room with large windows that bring the beauty of the outdoors inside.

For cozy evenings or gatherings, the spacious family room boasts a beautiful brick fireplace, creating the perfect ambiance.

In addition to its fantastic features, the location of this home is truly unbeatable. In just 15 minutes, you can be at the lake, enjoying water activities and breathtaking views. Downtown Knoxville is a short 25-minute drive away, offering endless entertainment options. And within an hour, you can find yourself hiking through the picturesque Smoky Mountains, exploring nature’s wonders.

Don’t miss out on the opportunity to make this stunning home yours. With its exceptional amenities, ideal layout for entertaining, and unbeatable location, it’s a true gem in the heart of Farragut, Tennessee. Schedule a showing today and start envisioning your new life in this remarkable home!

Questions? Want to schedule a showing? Contact the Troy Stavros TEAM at CornerStone Realty Associates today at 865-999-0925. We look forward to serving you!

Why A Smaller Home in East Tennessee May Be The Best Fit

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When it comes to buying a home in East Tennessee, bigger isn’t always better. In fact, there are many advantages to purchasing a smaller home that can make it a wise financial decision.One of the most significant benefits of buying a smaller home is the cost savings. Smaller homes in Knoxville generally have lower utility costs, lower property taxes, and a smaller mortgage payment. This means you can save money on your monthly housing expenses and have more money to allocate towards other areas of your life, such as saving for retirement or investing in your education.

Smaller homes in East Tennessee are also easier to maintain. With less square footage, you’ll spend less time cleaning and maintaining your home, leaving you with more time to focus on the things you enjoy. This can also save you money on maintenance and repair costs, as there are fewer areas of the home to upkeep.

Another advantage of purchasing a smaller home in Knoxville is the potential for a more sustainable lifestyle. With less space, you’ll be more mindful of your consumption and will likely accumulate less clutter over time. This can lead to a more simplified and intentional way of living, which can be both rewarding and fulfilling.

Finally, a smaller home can offer a sense of coziness and comfort that larger homes may lack. With fewer rooms and less space to spread out, you’ll likely spend more time in the shared spaces of your home, which can foster a sense of community and togetherness among family members.

Overall, buying a smaller home in East Tennessee can be a smart financial decision with a host of additional benefits. If you’re in the market for a new home, consider the advantages of a smaller living space and weigh your options accordingly.

Have questions? Want to get the process started in looking for a smaller home? Need to sell your current home before buying? Contact the Troy Stavros TEAM at CornerStone Realty Associates today at 865-999-0925.

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