$15,000 for FIRST TIME HOME BUYERS in Knoxville!! WATCH AND LEARN. Interested in a link to search in the specific Knoxville zip codes where this program is available? Shoot me your email and I’ll be happy to set you up! Troy Stavros, Gables & Gates, REALTORS 865-777-9191
The Fed Rate Hike and What It Means For Home Buyers
Today the Fed raised the key interest rate for the first time in almost a decade. Watch the video below to find out what it means for you as a home buyer in Knoxville.
10610 Lone Star Way, Knoxville, TN 37932 – Presented by Troy Stavros
One level living available in this updated West Knoxville home for sale located at 10610 Lone Star Way, Knoxville, TN 37932 in the Devanshire Subdivision.  It is difficult to find a home this affordable, in this West Knoxville location, especially in this excellent condition.  This home will sell fast so contact me, Troy Stavros with Gables & Gates, REALTORS today to schedule a time to see it. Call or text me at 865-999-0925.
10610 Lone Star Way, Knoxville, TN 37932
$123,000
Property Type:
Single Family
Bedrooms:
3
Square Footage:
1,228
Status:
Closed
Current Price:
$123,000
List Date:
3/02/2016
Last Modified:
9/28/2021
Description
Super cute one level home in West Knoxville's Devanshire Subdivision. Featuring 3 bedrooms and 2 full baths. From the moment you enter the home the beautiful hardwood floors greet you and extend throughout the family room, hallways, and kitchen. The family room features a fireplace and is adjacent to the kitchen with updated counter tops and stainless steel appliances. Owner's suite has a walk-in closet and private bath with custom tile floor. Large separate laundry room is super convenient. Step out the kitchen to the extra large back deck overlooking the completely fenced backyard with mature trees. 1 car garage to get your vehicle out of the winter weather. Devanshire HOA includes lawn care, trash collection, swimming pool, and more. 3 minutes from the interstate for easy commuting.
More Information MLS# 948191
Location Tax Legal Info
House #: 10610
Street Name: Lone Star
St Suffix: Way
State/Province: TN
Zip Code: 37932
Property Sub-Type: Residential
PIN #: 118ba034
Subdivision: Devanshire
Geo Lat: 35.935747
Geo Lon: -84.14098
Contract Info
Auction Y/N: No
Listing Price: 126900
Current Price: $123,000
Status: Closed
Listing Date: 2015-12-10
General Property Description
Type: Ranch
Site Built: Yes
Restrictions: Yes
SqFt - Total (Aprox): 1228
SqFt - Main Lvl: 1228
# Bedrooms: 3
Baths - Full: 2
# of Rooms: 6
Fireplace: Yes
# Fireplace: 1
Property Status: N/A
HOA: Mandatory
HOA Fee: 55
HOA Freq: Monthly
HOA Contact: .
Year Built: 2000
Bonus Room: No
Status Change Info
Status Change Date: 2016-05-10
Under Contract Date: 2016-02-26
Sold Date: 2016-05-06
Sold Price: $123,000
Sewer
Sewer Info: UTILITY
Water
Water Info: UTILITY
Property Features
Style: Traditional
Construction: Frame
Siding: Vinyl
Basement: Crawl Space
Lot Description: Level
Fireplace: Gas Log
Floors: Carpet; Hardwood; Tile
Fuel: Electric
Heat: Central
Cooling: Ceiling Fan(s); Central Cooling
Appliances: Dishwasher; Disposal; Microwave; Range; Smoke Detector
Other Rooms: Bedroom Main Level; Family Room; Laundry/Utility; Mstr Bdrm Main Level; Split Bedroom
Misc Features: Cathedral Ceiling; Internet Available; Walk-in Closets; Washer/Dryer Connect; Wired for Internet
Exterior Features: Deck; Fence - Privacy; Fence - Wood; Fenced - Yard; Prof Landscaped; Windows - Insulated
Dining Area: Eat-in Kitchen
Community Amenities: Architect Restricted; Lawn Care; Swimming Pool
Association Fee Incl: Grounds Maintenance; Trash
New Financing: Cash; Conventional; New Loan; VA Loan
Room Information
Family Room
Room Level: Main
Kitchen
Room Level: Main
Eat In Breakfast Area
Room Level: Main
Master Bedroom
Room Level: Main
Bedroom 2
Room Level: Main
Bedroom 3
Room Level: Main
Utility Room
Room Level: Main
Listing Office: Gables & Gates, REALTORS
Office Phone: 865-777-9191
Last Updated: September - 28 - 2021
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.
905 Rose Petal Lane, Knoxville, TN 37938 – Presented by Troy Stavros
UPDATE: UNDER CONTRACT IN 7 DAYS! Knoxville home for sale at 905 Rose Petal Lane, Knoxville, TN 37938 in the Stonebridge Gardens Subdivision and presented by Troy Stavros of Gables & Gates, REALTORS. Renovated one level, Â 2 bedroom, 2 bath home with new kitchen, floors, baths, and more. Level fenced backyard with large patio for entertaining and expansive grass areas for play. Minutes to shopping, restaurants, hospitals, schools, and the interstate makes this a super convenient location. For more information contact Troy Stavros with Gables & Gates, REALTORS at 865-777-9191 or visit www.865RealEstate.com.
905 Rose Petal Lane, Knoxville, TN 37938
$117,000
Property Type:
Single Family
Bedrooms:
2
Square Footage:
1,216
Status:
Closed
Current Price:
$117,000
List Date:
10/01/2015
Last Modified:
9/28/2021
Description
Knoxville home for sale at 905 Rose Petal Lane, Knoxville, TN 37938 in the Stonebridge Gardens Subdivision. Renovated ALL BRICK one level, 2 bedroom, 2 bath home with new kitchen, floors, baths, and more. Level fenced backyard with large patio for entertaining and expansive grass areas for play. New kitchen features new stainless steel appliances (range, microwave, and dishwasher). Extra deep one car garage. Minutes to shopping, restaurants, hospitals, schools, and the interstate makes this a super convenient location.
More Information MLS# 941764
Location Tax Legal Info
House #: 905
Street Name: Rose Petal
St Suffix: Lane
State/Province: TN
Zip Code: 37938
Property Sub-Type: Residential
PIN #: 047gl021
Subdivision: Stonebridge Gardens
Geo Lat: 36.058573
Geo Lon: -83.988612
Contract Info
Auction Y/N: No
Listing Price: 119900
Current Price: $117,000
Status: Closed
Listing Date: 2015-10-01
General Property Description
Type: Ranch
Lot Dimensions: 100.84 x 111 x IRR
Site Built: Yes
Restrictions: No
SqFt - Total (Aprox): 1216
SqFt - Main Lvl: 1216
# Bedrooms: 2
Baths - Full: 2
# of Rooms: 6
Fireplace: No
Property Status: N/A
HOA: No
Year Built: 1991
Bonus Room: No
Status Change Info
Status Change Date: 2015-12-16
Under Contract Date: 2015-10-08
Sold Date: 2015-12-04
Sold Price: $117,000
Sewer
Sewer Info: UTILITY
Water
Water Info: UTILITY
Property Features
Style: Traditional
Construction: Brick
Siding: Brick
Basement: Slab
Lot Description: Level
View: Mountain View
Fireplace: None
Floors: Carpet; Other
Fuel: Electric; Gas (Natural)
Heat: Central
Cooling: Ceiling Fan(s); Central Cooling
Appliances: Dishwasher; Disposal; Microwave; Range; Smoke Detector
Other Rooms: Bedroom Main Level; Family Room; Mstr Bdrm Main Level
Misc Features: Internet Available; Walk-in Closets; Washer/Dryer Connect; Wired for Internet
Exterior Features: Fence - Privacy; Fence - Wood; Fenced - Yard; Patio; Porch - Covered
Dining Area: Eat-in Kitchen
New Financing: Cash; Conventional; FHA; New Loan; VA Loan
Listing Office: Gables & Gates, REALTORS
Office Phone: 865-777-9191
Last Updated: September - 28 - 2021
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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Waiting One Year To Buy Could Cost You $100’s Per Month
Recent research shows that first-time homebuyers are buying homes in greater numbers than any time in the last few years. Also, renters in Knoxville are now realizing that they are also able to buy a home. If you are tired of seeing your friends and family diving head first into the real estate market, and wondering if now is the time for you to do the same, keep reading!
The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home, if prices and interest rates were to increase over a period of time.
Let’s see what that would look like for you by looking at an example of what the experts are predicting for the upcoming year. Let’s say you’re 30 years old and your dream house in Knoxville costs $250,000 today. Right now mortgage interest rates are at or around 4%.
Your monthly mortgage payment (principal & interest only) would be $1,193.54.
But you’re busy, you like your apartment, and moving is such a hassle. You decide to wait until next year to buy your Knoxville home. CoreLogic predicts that home prices will appreciate by 5.1% in the next 12 months; this means that same house you loved now costs, $262,750.
In turn, Freddie Mac predicts that over this same period of time, interest rates will be a full point higher at 5.0%. Your new payment per month is now $1,410.50.
The difference in payment is $216.96 PER MONTH!
That’s basically like taking $8 and tossing it out the window EVERY DAY!
Or you could look at it this way:
- Need a new car? You could get a brand new car for $217 a month.
Let’s look at that number annually. Over the course of your new mortgage at 5.0%, your annual additional cost would be $2,603.52!
Had your eye on a vacation in the Caribbean? How about a 2-week trip through Europe? Or maybe your new house could really use a bathroom update. I could come up with 100’s of ways to spend $2,603, and I’m sure you could too!
Over the course of your 30 year loan, now at age 61, hopefully you are ready to retire soon, you would have spent an additional $78,105.60, all because when you were 30 you thought moving in 2015 was such a hassle or loved your apartment too much to leave yet. Â Yeah, that’s pretty dramatic, but it’s true!
Or maybe there wasn’t an agent out there who educated you on the true cost of waiting a year. Maybe they thought you wouldn’t be ready. But if they showed you that you could save $78,000 you’d at least listen to what they had to say.
They say hindsight is 20/20, I’d like to think that 30 years from now when you are 60, looking back, you would say to buy now…
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Home Buying Advice: Buy Your Home Soon To Save Money
So there is plenty of home buying advice I could give you, and if you read my articles regularly you know they span quite a bit of information. Â But right now, the most important information I can give you is to buy your Knoxville or Farragut home soon. Â You might be asking, Troy, what’s the big rush? Â Well, if you are thinking about buying in the next couple of months that is fine, but if you are thinking about waiting until next year, it could cost you quite a bit of money. Why is that? Â Home prices and mortgage interest rates.
Here is what the experts say we should expect:
- Freddie Mac’s latest Primary Mortgage Market Survey reports the 30-year fixed rate at 3.7%.  That’s a great rate!
- Freddie Mac’s projection for a year from now is that the rate will be 4.7% (a full percentage point higher).
- The Home Price Expectation Survey predicts that home prices will appreciate by 4.4% during this same time.
Let’s take a look at how these two factors would effect your monthly mortgage payment if you decided to wait until next year to buy a home in Farragut or Knoxville, or anywhere for that matter.
What does this mean for you?
If the experts projections are correct, it’s plain to see in the chart above that to purchase the same house one year from now would cost you significantly more per month. Â If you don’t want or can’t afford to pay more per month, then you have only one choice… buy less house. Â The increase in home prices and mortgage rates puts a big dent in your buying power. Â To summarize, buy now and get more house for less money. Â Wait a year, get less house for the same money or the same house for more money. Â Can you see why this is so important!? If you have any questions or if you would like to sit down and discuss getting your home search started, contact me, Troy Stavros with Gables & Gates, REALTORS at 865-999-0925 or email me HERE to schedule a time that is convenient for you. Â I look forward to hearing from you. Â I’m here to serve you!
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