Home for Sale at 501 South Watauga Avenue, Elizabethton, TN 37643

501 South Watauga Avenue
Elizabethton, TN 37643

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Property Details

List Price:	$256,000
Beds:	3
Baths:	2
Status:	Pending
SqFt:	1971
Agency:	NextHome Magnolia Realty

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1950
Notes:	Welcome to your beautiful home! This captivating single-family haven boasts an expansive 3-bedroom, 2-bathroom layout, all elegantly ensconced within a timeless brick exterior. Step into luxury as you're greeted by gleaming hardwood floors that lead you through sunlit spaces, including a sunken den and living room, both adorned with cozy gas log fireplacesâ€”perfect for those intimate gatherings or moments of relaxation.<br /> <br /> Indulge your culinary desires in the delightful galley kitchen, complete with stainless steel appliances and an abundance of storage, ensuring every meal preparation is a joyous occasion. Rest easy knowing that all appliances are thoughtfully included for your convenience. Plus, revel in the modern touches of updated lighting, electrical, and plumbing, promising both style and functionality.<br /> <br /> Outside, a generous double city lot awaits, offering ample space for outdoor activities or future expansions. Discover the added bonus of a workshop, a true haven for DIY enthusiasts or hobbyists. And let's not forget the breathtaking backdrop of mountain views, providing a picturesque setting to call home.<br /> <br /> But that's not all! As a testament to our commitment to your peace of mind, this remarkable residence comes with a transferrable home warranty, valid until September 1st, 2024, ensuring that you can settle in with confidence, knowing that your investment is protected.<br /> <br /> Conveniently located near top-tier schools, vibrant shopping destinations, and surrounded by nature's splendor, this property offers the quintessential blend of comfort, convenience, and charm. And as an added incentive, the seller is generously offering $4,000 towards the buyer's closing costsâ€”a gracious gesture to welcome you into your new abode.<br /> <br /> Don't miss this extraordinary opportunity to embrace the epitome of luxury living. Buyer and buyer's agent to verify all information. Deemed reliable, but not guaranteed. Equal Housing Opportunity.
MlsNumber:	9965543

Listing Provided By:	NextHome Magnolia Realty, original listing
Name:	NextHome Magnolia Realty
Phone:	(423) 631-5723
Office Name:	NextHome Magnolia Realty
Office Phone:	(423) 631-5723
Agent Name:	Seth Lester
Disclaimer:	Copyright Â© 2024 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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