865 Real Estate

East Tennessee Real Estate & Neighborhood Source

Renovated Historic 1900 Home in Downtown Lenoir City for sale

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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.

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Is Now A Good Time To Sell A Home in East Tennessee?

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Looking to sell your home in Knoxville or East Tennessee?

Despite a slowdown in the housing market from a year ago, it’s still a sellers’ market due to the low supply of homes for sale. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), there is currently only a 2.6-month supply of homes available for sale, which is historically low.

The situation is even more dramatic in East Tennessee, Knoxville, Farragut, and the surrounding areas, where there is only a 1.77-month supply of inventory through the end of March, and Knox County has less than one month worth of inventory. With so few homes available, buyers are facing increased competition, which is keeping upward pressure on prices. As a result, sellers are in a prime position to negotiate deals on their ideal terms.

However, even in this competitive market, there are still many buyers who are ready, willing, and able to purchase a home. So, if you’re thinking about selling your home in Knoxville or East Tennessee, now is an ideal time to do it. By listing your house in good condition and at the right price, you can attract attention from competitive buyers.

Overall, today’s sellers’ market holds great opportunities for homeowners looking to make a move in Knoxville and East Tennessee. If you’re ready to sell your home, let’s connect to discuss how to jumpstart the selling process and maximize your exposure to serious buyers.

Have questions? Wondering what your home might be worth in today’s competitive market? Want to talk about selling your home or buying a new one? Contact the Troy Stavros TEAM today at CornerStone Realty Associates at 865-999-0925. We look forward to serving you!

Baby Boomers Are Taking The Lead In The Current Knoxville Housing Market

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The Knoxville real estate market has been on a wild ride over the past year, with prices skyrocketing and inventory at record lows. However, one generation has remained relatively insulated from the volatility, and they are now proving to be the biggest movers in the market: baby boomers.

According to the National Association of REALTORS®’ 2023 Home Buyers and Sellers Generational Trends Report, baby boomers, defined as people between the ages of 58 and 76, made up 53% of sellers and 39% of buyers between July 2021 and June 2022. This makes them the largest group of buyers and sellers in the market.

Jessica Lautz, NAR’s deputy chief economist and vice president of research, notes that baby boomers have the upper hand in the homebuying market. “The majority of them are repeat buyers who have housing equity to propel them into their dream home, be it a place to enjoy retirement or a home near friends and family. They are living healthier and longer lives and making housing trades later in life.”

One reason for the boom in baby boomer real estate activity is their desire to downsize and move closer to family. Many are selling their larger homes in East Tennessee and using the equity to buy smaller homes in areas where they can be closer to loved ones. Additionally, they are drawn to newer Knoxville homes that require less maintenance and fewer potential problems with household systems, like plumbing or electricity.

On the other hand, millennials, who were once the leading drivers of the East Tennessee housing market, are now playing second fiddle, comprising about 28% of buyers. They were the largest homebuying force from 2014 to 2022 but have now been overtaken by baby boomers.

First-time home buyers in Knoxville have also faced headwinds in the latest housing cycle, with higher mortgage rates making it harder for them to enter the market. 70% of younger millennials, ages 24 to 32, and 46% of older millennials, ages 33 to 42, were first-time home buyers, according to the report.

In conclusion, baby boomers are proving to be the driving force behind the East Tennessee real estate market, with their equity and motivation making them the most active buyers and sellers in the market. While other generations are still active, baby boomers are leading the charge and are likely to continue doing so in the years to come.

Have questions? Ready to get the process of buying or selling a home started? Contact Troy Stavros with CornerStone Realty Associates today at 865-999-0925. We look forward to serving you!

Homes for sale in Farragut TN: 12813 Lebel Road

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Homes for sale in Farragut TN are hard to come by. Even more so in the sought-after Fox Run Subdivision. This beautiful home with a Stephen Fuller Southern Living floor plan is the one you’ve been waiting for. Gorgeous updated eat-in kitchen features vaulted ceilings, an abundance of granite counters for prep space and stainless steel appliances including a gas stove and farm sink. The main level also includes the owner’s suite with a wall of windows and access to the back deck. Owner’s bath has dual sinks, custom tub (easy replacement as it’s a standard-size opening) and walk-in shower. The main level also includes the formal dining room, office, and laundry room with utility sink. Upstairs you’ll find the 4 additional bedrooms and a bonus room. Outside you’ll love the privacy in the large backyard which includes a deck, patio, and gazebo with natural gas for a grill. During the warmer months you’ll enjoy Fox Run’s 2 pools, clubhouse, and play fields. For more information or to schedule a private showing contact Troy Stavros with CornerStone Realty Associates at 865-999-0925 today.

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Homes for sale in Farragut TN : 405 Battle Front Trail

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One of a kind and originally built as a personal custom home for an architect. You will fall in love with not only all of the space but the amazing use of it in this conveniently located Farragut home on just under 1/2 acre. Need multiple main-level bedrooms? Check! Need home offices or hobby rooms? Check! Find 5 bedrooms and 3 full baths on the main level alone, one being the owner’s suite. Total of 6 possible bedrooms PLUS two large bonus rooms! The open floor plan has an updated custom kitchen opening directly to the family room, formal dining, and grilling porch. Two totally separate upstairs areas with bonus rooms. Screened porch overlooks a private backyard. Immaculately maintained. Farragut Schools. This is a must-see home. Be sure to watch the video tour and 360 Virtual tour.

CLICK HERE to see other homes for sale in Farragut, TN

CLICK BELOW TO WATCH VIDEO TOUR

360 VIRTUAL TOUR

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2023 National Housing Market Forecast

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2023 Housing Market Forecast [INFOGRAPHIC] | MyKCM

Some Highlights

  • From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation.
  • If you’re thinking of buying or selling a home this year, let’s connect so you understand where the housing market is headed in 2023.

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