Welcome to this beautifully updated, one-level home in the heart of Knoxville, Tennessee located at 3108 Walridge Road, Knoxville, TN 37921, just 13 minutes from downtown and the University of Tennessee. Step inside to discover gleaming hardwood floors and stylish tile throughout the open living spaces. The modern kitchen, with stainless steel appliances, a farmhouse sink, and charming shiplap accents, seamlessly flows into the family room, creating an inviting space for gatherings. Whether you’re hosting friends or enjoying a quiet evening, the warmth of the wood-burning fireplace in the adjoining flex space offers endless possibilities for an office, study, or cozy retreat. The owner’s suite is a true sanctuary, complete with French doors leading to a spacious deck—perfect for your morning coffee or sunset relaxation. The en-suite bathroom has been thoughtfully updated with a custom tile shower, offering a luxurious start and end to your day. Two additional bedrooms and another fully updated bathroom provide ample room for all. Outside, you’ll love the oversized composite deck, which makes for easy maintenance while overlooking the expansive, fenced backyard. Picture afternoons spent under the shade of a stunning tree, cultivating your garden, or working on projects in the convenient storage shed. The unbeatable location allows you to walk to the nearby elementary school and enjoy the strong curb appeal of this charming home. Lifestyle perks? You’re minutes from the vibrant energy of downtown Knoxville—whether it’s catching a UT football game, dining at trendy restaurants, or taking in live music, this location offers the perfect balance between quiet suburban living and exciting city life. Have questions? Want to schedule a private showing? Need help buying or selling a home anywhere around the Knoxville area? Contact me, Troy Stavros with CornerStone Realty Associates at 865-999-0925 today!
Charming Modern Farmhouse in Prime West Knoxville Location – 209 Wakefield Road, Knoxville, TN 37922
Discover the perfect blend of comfort and convenience in this beautifully updated basement rancher, ideally situated in the heart of West Knoxville. Offering easy access to popular shopping destinations, trendy coffee shops, and dining options including Costco and a range of eateries at Turkey Creek, your new home is also a commuter’s delight with swift entry to I-40 and Pelissippi Parkway.
Set on a spacious 1/2 acre lot adorned with mature trees that provide both shade and privacy, this property allows you to enjoy the great outdoors in your own backyard. The absence of an HOA brings the added advantage of no restrictions, offering you the freedom to personalize your space as you see fit.
This stunning property features three spacious bedrooms and two fully updated bathrooms on the main level. Each bathroom is meticulously designed with custom vanities and tiles, and the owner’s suite boasts a luxurious walk-in shower with a sleek glass door. The heart of the home is the kitchen, which has been completely transformed to include quartz countertops, stylish subway tile backsplash, a portable island, and top-of-the-line stainless steel appliances. A large window above the sink offers a serene view of the lush backyard, enhancing the overall cooking experience.
The full finished walk-out basement is a versatile retreat that includes a fabulous bonus room suitable for an office, an expansive entertainment area/rec room, a full bathroom, a convenient laundry room, and a generous storage space. The modern farmhouse aesthetic flows throughout the home, accented by designer finishes that evoke a sense of sophisticated comfort.
Externally, the property does not disappoint with a large carport plus an additional paved parking area, ensuring ample space for vehicles and guest parking. The home’s facade is beautifully framed by mature trees and well-manicured landscaping, offering both privacy and an inviting curb appeal.
Zoned for the highly-regarded Farragut Elementary and Hardin Valley Academy, this home does not only promise a prestigious lifestyle but also access to excellent educational opportunities.
Set on a picturesque tree-lined street off Kingston Pike, 209 Wakefield Road is more than a house—it’s your next dream home, where every detail ensures a lifestyle of unparalleled convenience and luxury.
Take the Next Step Towards Your Dream Home!
For more information about this exquisite property or assistance with buying or selling real estate in Knoxville, TN, don’t hesitate to reach out. Contact Troy Stavros at CornerStone Realty Associates at 865-999-0925 today, and take the first step towards making 209 Wakefield Road your new home. Troy’s expertise and local knowledge ensure you’ll receive top-notch guidance throughout your real estate journey. Call now to schedule your viewing or to discuss your real estate needs!
Farragut Homes for Sale: 317 Sugarwood Drive, Knoxville, TN 37934
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.Â
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!
Despite higher interest rates data shows buyer activity is UP!
Are you a homeowner considering selling your house? Wondering if it’s the right time? Well, here’s some good news: despite higher mortgage rates, buyer traffic is on the rise.
Recent data from the ShowingTime Showing Index, which measures buyers actively touring homes, reveals a significant increase in buyer demand over the past few months. Even during the colder months, the limited number of homes for sale kept shoppers on the lookout.
To put things into perspective, let’s compare this February’s foot traffic with the traffic from the past six years. This February showcased one of the strongest buyer activities we’ve seen in recent memory, excluding the highly unusual years of 2021 and 2022. When compared to the more normal, pre-pandemic years, the data clearly indicates a rise in buyer activity.
What’s even more impressive is that this increase in buyer traffic occurred despite the rise in mortgage rates this February. The Freddie Mac 30-year fixed mortgage rate climbed from 6.09% to 6.50%. However, it didn’t deter more buyers from searching for their dream homes.
According to Jeff Tucker, Senior Economist at Zillow, this upward trend in buyer activity may continue. Typically, March and April experience a seasonal uptick in home shoppers.
If you’re looking to sell your house, this year’s active buyer market should be encouraging news. It’s a clear indication that potential buyers are out there, possibly searching for a home just like yours. By partnering with a real estate professional and listing your house now, you can put your home in front of eager buyers today.
In conclusion, the rising foot traffic in this year’s housing market is a positive sign that buyers are actively looking to purchase homes, even in the face of higher mortgage rates. If you’re ready to sell, let’s connect and make the most of this opportune time.
Have questions? Want to talk about buying or selling a home? Contact Troy Stavros with CornerStone Realty Associates today at 865-999-0925. My team and I are here to serve you!
Renovated Historic 1900 Home in Downtown Lenoir City for sale
Welcome to your dream home in Lenoir City, where history and modernity blend seamlessly! This completely renovated historic gem, originally built in 1900, has undergone a breathtaking transformation from top to bottom. Every inch of this home has been meticulously updated, preserving its timeless charm while incorporating modern amenities.
As you step inside, you’ll be captivated by the attention to detail that went into this renovation. The old wood floors, doors, and other materials have been repurposed into this work of art, adding character and a unique touch to every corner of the house.
Conveniently located just a short walk from Broadway and the charming downtown Lenoir City area, this home allows you to immerse yourself in a vibrant community. Take a leisurely stroll to the nearby coffee shop, ice cream parlor, boutique stores, and even the highly anticipated 21,000 square foot brewery/restaurant set to open its doors in 2024. Living here means embracing a lifestyle where entertainment, convenience, and enjoyment are just steps away.
Step inside and discover a spacious interior boasting four bedrooms, including two on the main level, providing flexibility and convenience for all occupants. With three full baths, morning routines will be a breeze. Everywhere you turn, you’ll find new features and upgrades, ensuring a fresh and inviting atmosphere. From the new exterior siding and windows to the new flooring, kitchen, bathrooms, and more, no detail has been overlooked in this impeccable renovation.
This home is truly one of a kind, offering the perfect blend of historic charm and modern comforts. Whether you’re seeking a primary residence or considering short-term rental opportunities, this property holds immense potential. As downtown Lenoir City continues to thrive, your investment in this home will only grow more valuable.
Beyond the doorstep, a world of recreational possibilities awaits. Within a 5-15 minute drive, you’ll find a stunning lake, marina, and golfing opportunities, allowing you to indulge in your favorite outdoor activities. Countless restaurants and shopping destinations are also just a stone’s throw away, ensuring that you’ll always have something new to explore. And for nature enthusiasts, the heart of the Smoky Mountains is just an hour’s drive away, beckoning with its majestic beauty.
Don’t miss out on the chance to call this historic masterpiece your own. Immerse yourself in the charm of Lenoir City, where a vibrant lifestyle and endless opportunities await. Schedule a showing today and make this remarkable home your own piece of history.
APRIL 2023 East Tennessee and Knoxville Housing Market UPDATE
The Current Housing Market in East Tennessee: Rising Prices, Low Inventory, and High Demand
The Knoxville real estate market and the broader East Tennessee region are experiencing a significant surge in housing prices due to a combination of factors, including an incredibly low inventory of homes for sale and a high demand driven by an influx of people migrating from other parts of the country. As a result, both homebuyers and renters are feeling the impact of these market conditions.
One of the primary reasons for the rising prices in East Tennessee is the shortage of available homes. The inventory of houses for sale has reached historically low levels, creating a highly competitive market. With fewer homes on the market, potential buyers are faced with limited options, leading to increased competition and bidding wars for desirable properties. As a result, prices are being driven up as buyers vie for a limited supply of homes.
The region’s popularity as a destination for relocation is a key driver of the high demand in East Tennessee. Many people are choosing to move to this area due to its natural beauty, affordable cost of living, and growing job opportunities. This influx of new residents has intensified competition for housing, further fueling price increases.
Rents in Knoxville, specifically, have been significantly impacted by these market dynamics. According to recent data, apartment rents in Knoxville were up 12.75% in the first quarter of 2023, far surpassing the national average of 4.46% growth. The scarcity of available rental units has given landlords greater leverage, allowing them to raise rental prices to meet the soaring demand.
While the rising prices may pose challenges for renters, homeowners in the region are benefiting from the current market conditions. A recent report from the National Association of Realtors revealed that middle-income homeowners in Knoxville accumulated an average of $109,890 in housing wealth over the past decade as their homes appreciated in value. The sharp increase in home prices has provided homeowners with significant financial gains and enhanced their overall net worth.
The speed at which homes are selling in East Tennessee is remarkable. Statistics show that half of the homes sold were under contract in 16 days or less. Furthermore, 23.8% of homes sold for more than the asking price, with 12% selling for at least $10,000 over asking and 4% selling for at least $25,000 over asking. This data indicates a highly competitive market, with buyers willing to pay a premium to secure a property.
New construction has played a role in meeting the demand for housing, representing 15% of total home sales in the area. However, it is still not sufficient to offset the low inventory levels and escalating prices in the overall market.
Buyer competition remains fierce, although there has been a slight decline in the number of offers received on average. According to the Knoxville Area Association of Realtors’ Market Pulse Survey, the typical listing in the Knoxville area received 2.2 offers in the first quarter of 2023, down from 6.2 offers in 2022. Nevertheless, multiple offer scenarios are still extremely common, with half of all homes receiving at least two offers.
Affordability is becoming a growing concern in East Tennessee, particularly as mortgage rates have increased in recent weeks. Economic uncertainty has placed upward pressure on rates, with the current average rate for a 30-year loan standing at 6.69%. The higher interest rates are discouraging some homeowners from listing their homes for sale, as they are locked into lower rates below 4% or even below 3%. This further constrains the available housing supply and exacerbates the affordability problem in the market.
In conclusion, the housing market in East Tennessee, including Knoxville, is experiencing a surge in prices driven by a combination of low inventory and high demand.