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East Tennessee Real Estate & Neighborhood Source

Luxury Golf Course Home for Sale | 412 Heathermoor Drive – Fox Den Country Club – Farragut TN

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Stunning Golf Course Estate in Farragut’s Exclusive Smithfield Subdivision

Welcome to your dream home—a true masterpiece of luxury and elegance nestled on the prestigious Fox Den Country Club Golf Course. Located in the sought-after Smithfield subdivision, this home offers an unparalleled lifestyle where tree-lined streets, friendly sidewalks, and meticulously kept yards create the perfect neighborhood atmosphere. Just 5 minutes from premier shopping, dining, top-rated schools, and healthcare, this property combines convenience with a serene retreat-like setting that feels worlds away. Boasting over 6,400 square feet, this home features 5 spacious bedrooms, 5 full baths, and 2 half baths, offering plenty of room for family and guests. Step through stately steel doors into a home designed for both comfort and grandeur. Gorgeous hardwood floors guide you through expansive spaces perfect for entertaining, including an oversized kitchen built for gathering and a breathtaking two-story great room highlighted by a floor-to-ceiling stone fireplace—just one of five fireplaces throughout the home. The main-level owner’s suite is a private oasis, offering a grand retreat with luxurious finishes, including a spa-like bathroom with a steam shower that will leave you completely refreshed and rejuvenated. Upstairs and downstairs, you’ll find additional bedrooms, bonus rooms, and flexible spaces to accommodate family, guests, or your creative pursuits. But the true crown jewel of this home awaits you out back. Step onto the enormous covered stone patio and take in the stunning views of the lush fairways, manicured greens, and shimmering lake. Host unforgettable evenings around the two outdoor stone fireplaces, or simply relax and soak in the beauty of your golf course-front sanctuary. This home is more than a residence—it’s a lifestyle. With its timeless luxury, modern amenities, and unbeatable location, it’s the perfect place to call home. Schedule your private tour today and make this extraordinary property your own.

Let’s look at the Farragut, TN Housing Market: Insights from January 2024

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The Farragut, Tennessee housing market has shown some intriguing trends as we closed January 2024. Those considering buying or selling homes in Farragut should take note of these developments to make informed decisions. Despite a year-over-year decrease in home sales and pending sales, largely attributed to a significant winter storm, the market dynamics offer unique opportunities and challenges for both buyers and sellers.

For Farragut Buyers: A Silver Lining

Inventory has risen by 11.7% compared to last year, providing more options. However, with new listings down by 8.1%, competition remains fierce. The median sales price surged to $652,500, reflecting a robust demand for quality homes. Buyers should act decisively but also cautiously, ensuring their investments are sound.

For Farragut Sellers: A Seller’s Market

The absorption rate has decreased, indicating a seller’s market with less than two months worth of inventory available. This scenario, coupled with a median sales price increase, positions sellers advantageously. However, the market is not as heated as in previous years, emphasizing the need for correct pricing and openness to negotiation.

The Farragut Market’s Pulse

Sales spanned across various price points, with activity from the affordable to the luxury segments. The most active listings were in the $650,000 to $700,000 range, but diversity in inventory means there’s something for every buyer. The market action index places us in a slight seller’s advantage, tempered by higher interest rates affecting demand.

Forward-Looking Strategies

For those entering the Farragut real estate market, staying informed on inventory trends, pricing, and absorption rates is crucial. Buyers should be ready to move quickly on desirable properties, while sellers need to price homes competitively to attract serious offers.

Navigating the Farragut, Tennessee housing market requires a nuanced understanding of its current state and trends. Whether you’re looking to buy your dream home or sell for the best price, the January 2024 data offers valuable insights for strategic decision-making. As the market evolves, aligning with knowledgeable real estate professionals in Farragut can enhance your journey in this dynamic market.

Connect with a Farragut Market Expert

Navigating the Farragut housing market requires insight and expertise. Troy Stavros of CornerStone Realty Associates in Farragut, with a deep understanding of the Farragut real estate landscape, is poised to guide you through buying or selling your home. Whether you’re looking to capitalize on the seller’s market or find your dream home amidst competitive listings, Troy’s expertise can provide you with the edge you need. Contact Troy Stavros today at 865-999-0925 to discuss your real estate goals and strategize your next move in the Farragut market.

Knoxville Real Estate Outlook: Navigating the 2024 Market for Homeowners, Buyers, and Sellers (DECEMBER 2023 UPDATE)

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1. Understanding the 2024 Housing Market: A Turning Point for Knoxville Home Buyers

Recent findings have highlighted a pivotal shift in the housing market, particularly relevant for those in Knoxville, Tennessee. While 2023 saw a daunting surge in U.S. mortgage rates, peaking since 2001 and even surpassing 8% in October, there’s now a glimmer of hope for 2024. This spike in rates led to one of the lowest home sales records in recent history, primarily due to the inflated borrowing costs dissuading potential buyers.

However, as we look towards 2024, a silver lining emerges. The latter part of 2023 experienced a significant drop in mortgage rates, over one percent from the October highs. This decline, coupled with recent Federal Reserve announcements, signals a probable easing of mortgage rates in 2024. As borrowing costs decrease, the barriers to home buying diminish, heralding a potential rejuvenation of the housing market. This anticipated change is set to bolster demand, stabilize prices, enhance affordability, and stimulate home sales. For Knoxville residents, this means 2024 could offer a more favorable landscape for both buying and selling properties.

2. Tennessee’s Real Estate Boom: Knoxville Leading the Charge

According to the U-Haul Report, Tennessee has emerged as one of the top growth states in the U.S., climbing to the 5th position in 2023 from its previous 6th rank. This upward trend reflects the state’s increasing allure, particularly significant for those eyeing real estate prospects in Tennessee. U-Haul’s analysis, based on over 2.5 million one-way rentals, offers insight into the attractiveness of states and cities for new residents.

Knoxville, Tennessee, stands out in these rankings, leading the state and placing 17th nationally. Additionally, other Tennessee cities like Murfreesboro and Clarksville have shown commendable performance. These rankings underscore Tennessee, especially Knoxville, as an increasingly popular destination, which could profoundly impact the local real estate market dynamics for homeowners, buyers, and sellers.

3. Knoxville’s Rental Market: A Comparative Analysis The latest data from Rentometer.com indicates a significant trend in Knoxville’s rental market. The average rent for three-bedroom single-family rentals (SFRs) in Knoxville reached $2,235 in Q3 2023, marking a 3% increase from the previous year. In comparison, the average rent for a 3-BR apartment stood at $1,799 during the same period.

This trend not only highlights Knoxville’s escalating appeal but also points to rising housing costs, especially when compared to other major Tennessee cities. For instance, renting a single-family home in Nashville, which was previously 23% more expensive than in Knoxville, now sees a narrowed gap of 17%. Similarly, Chattanooga’s rental prices are currently 12% less than Knoxville’s, a noteworthy shift from last year. This data is crucial for those considering the Knoxville real estate market, whether for investment or residence, indicating a dynamic and evolving landscape.

Have questions? Want to discuss your specific real estate needs and goals. Contact me, Troy Stavros with CornerStone Realty Associates in Farragut at 865-999-0925 today. I look forward to talking with you!

Knoxville and Farragut Tennessee’s Apartment Boom: A Win for Renters and the Broader Economy

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Unpacking the Apartment Surge in Knoxville and Farragut

The Knoxville and Farragut areas are currently experiencing a significant increase in apartment construction, a trend that’s reshaping the local housing landscape. As more complexes rise, renters are greeted with a wealth of choices and enhanced affordability. This surge is not just altering the skyline; it’s setting the stage for a ripple effect that could benefit the entire housing market and, by extension, the broader economy.

Increased Choices and Affordability for Renters

The influx of new Farragut apartments in sought-after areas like Turkey Creek, the Farragut Town Center near Kroger, and Watt Road means renters have more options than ever. This variety allows for competitive pricing and more features, ensuring that there’s something for every preference and budget. As the competition increases, the overall effect is a downward pressure on rents. This is good news for those looking to save in the short term while enjoying the amenities and lifestyle offered by these modern complexes.

The Broader Economic Impact: From Rent to Inflation and Interest Rates

The benefits of an expanding apartment market extend beyond individual renters. As rental prices stabilize or potentially decrease due to increased supply, there’s a consequential downward pressure on inflation rates. Housing costs are a significant component of the inflation measurement. Therefore, stabilizing or reducing these costs can contribute to lower inflation rates.

In response to easing inflation, the Federal Reserve may find room to lower interest rates, a move that directly impacts mortgage interest rates. Lower mortgage rates can invigorate the housing market, making home buying more accessible and affordable, particularly for first-time buyers. This scenario creates a more inclusive market, allowing more individuals to transition from renting to owning, and stimulates economic growth through increased homeownership.

What This Means for Knoxville and Farragut Residents

For residents of Knoxville and Farragut, the growing apartment market is more than just a change in the city’s housing options; it’s a stepping stone to broader economic benefits. The immediate effect of more affordable and varied rental options can lead to long-term advantages, including potentially moderating home prices and lowering mortgage rates. This change makes the dream of homeownership more attainable for many, contributing to the overall health and vitality of the community.

Conclusion: A Promising Horizon for Renters and First-Time Homebuyers

The apartment construction boom in Knoxville and Farragut is a testament to the area’s growth and appeal. It presents a win-win scenario, offering immediate benefits for renters seeking affordability and choice, while also laying the groundwork for broader economic advantages. As the landscape continues to evolve, the community can look forward to a more vibrant, accessible, and economically stable housing market. That being said, many believe there are some potential “losses” in this situation that will have to be dealt with: increased traffic, and more students. With the opening of these developments on the horizon, we’ll have to see what strategies the powers that be have in store to ease the congestion.

Have questions? Want to talk about your specific real estate situation and how we can help? Contact Troy Stavros with CornerStone Realty Associates at 865-999-0925. We are based in Farragut, Tennessee but can serve you anywhere in East Tennessee.

Charming Farragut Home for sale with a Rich History: 12528 Pony Express Drive

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Welcome to 12528 Pony Express Drive, a delightful, all-brick basement rancher located in the heart of the Old Stage Hills Subdivision in Farragut, Tennessee. More than just a home, this property holds a special place in the area’s history, being the original homestead of the family who once owned all the land now forming Old Stage Hills and its surroundings and perched on its highest point.

Set on a generous plot of just under half an acre, this home offers a spacious and inviting backyard, ideal for activities or quiet relaxation. The large deck and lower patio area are perfect for those who enjoy outdoor living and entertaining, providing ample space to enjoy the peaceful surroundings.

Inside, the house features four cozy bedrooms and three full bathrooms, each space thoughtfully designed for comfort and practicality. The additional rec room with fireplace offers extra flexibility, suitable for various needs, from a playroom, hangout space, bonus room, to a home office. The rec room also walks directly out to the lower patio which makes it great for entertaining. The interior of the home is a testament to careful upkeep and attention to detail, presenting a welcoming atmosphere that’s ready to move into.

The convenience of an oversized two-car garage complements the home’s practical appeal, ensuring plenty of space for vehicles and storage and a separate storage shed is located in the backyard as a great home for your mower, bikes or anything else you need to get out of the way.

The location of this home is a blend of suburban peace and easy access to daily necessities. Minutes away are grocery stores, shopping centers, restaurants, and schools, making everyday life comfortable and hassle-free. It’s zoned for Farragut Primary, Intermediate, Middle, and High Schools.

By choosing to join the voluntary and ultra-affordable HOA, residents of Old Stage Hills can enjoy community amenities such as a swimming pool, tennis court, basketball court, and a large play field, perfect for leisure and socializing.

12528 Pony Express Drive is more than a home; it’s a piece of local history, offering a comfortable, well-maintained living space in a friendly neighborhood. Whether you’re seeking a peaceful home, a place for social gatherings, or a quiet retreat, this property provides a wonderful opportunity to become part of the Farragut community.

Have questions? Want to schedule a showing? Need help finding the perfect home or need to sell one? Contact Troy Stavros today at 865-999-0925 and let’s set up a time to talk.

609 Brochardt Blvd (Fox Run S/D): Tour this Majestic Farragut Home with Stunning Updates!

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Welcome to 609 Brochardt Boulevard, a luxurious Farragut home nestled in the highly sought-after Fox Run Subdivision. Majestically perched above the boulevard, this stunning residence captures attention with its impeccable curb appeal. Prepare to be captivated as you step inside and discover over $100,000 in recent updates that will leave you in awe.

The open floor plan of this home has been thoughtfully redesigned to create a seamless flow, perfect for modern living and entertaining. Enter the newly renovated eat-in kitchen, adorned with an oversized Brazilian Granite island and butcher block counters. Professional-grade appliances stand ready to elevate your culinary adventures. From here, your gaze effortlessly extends into the spacious family room, complete with a cozy fireplace and double doors that beckon you to the outdoors. Abundant natural light bathes the interior, pouring through the wall of windows in the breakfast area as well as the family room, creating an inviting and uplifting ambiance throughout.

Indulge in the pleasures of hosting gatherings on the new paver patio. Enjoy the ambiance of the free-standing fireplace and natural stone hearth while overlooking the park-like fenced backyard. This enchanting outdoor space is destined to become your favorite oasis, ideal for memorable moments with loved ones.

Retreat to the main level owner’s suite, where luxury awaits. The upgraded bathroom exudes elegance, showcasing double sinks nestled within a gorgeous marble top. Polished porcelain flooring sets the stage, leading you to the Calcutta Italian Marble tile shower with a glass door. Immerse yourself in relaxation within the new free-standing tub, complete with whirlpool, air bubbles, and built-in lighting.

Every detail has been considered, including the exquisite bamboo flooring throughout the majority of the main level. With its exceptional hardness, this flooring can withstand the activities of even the largest pets without a scratch. Step into the main level office, adorned with new French doors, creating a sophisticated space for work or study.

Rest easy knowing that a brand new 50-year roof was recently installed, providing peace of mind with its transferrable warranty. The exterior has been freshly whitewashed, adding a touch of timeless charm, while the freshly painted trim completes the picture of perfection.

The Fox Run Subdivision offers an array of remarkable amenities, including two fabulous community swimming pools, just in time for the summer season. Take advantage of the neighborhood clubhouse, tennis courts, and play fields, creating opportunities for endless recreation and enjoyment.

Located in the prime Farragut, Tennessee area, this home is zoned for all Farragut schools and boasts unrivaled convenience. Shopping centers, grocery stores, restaurants, coffee shops, parks, golf courses, a country club, and even Top Golf are all just minutes away. With easy access to the interstate, you’ll find that the world is at your fingertips.

609 Brochardt Blvd is not simply a home; it’s a gateway to an extraordinary lifestyle. Embrace the ultimate in luxury, comfort, and convenience as you make this exquisite residence your own. Don’t miss your chance to experience the epitome of Farragut living.

Have questions? Would you like to schedule a time to see this home? Looking for other homes like it? Need help selling your home in East Tennessee? Contact me, Troy Stavros with CornerStone Realty Associates today at 865-999-0925. I look forward to serving you!