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113 Sikwa Tr
Vonore, TN 37885
$1,000,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
4000
Property Description
Nestled along the 18th fairway of the Kahite links golf course in Tellico Village, this exquisite custom-built brick home boasts two stories and approximately 4000 square feet of living space, with an additional 2643 ft.² in the walkout unfinished basement. The house features four bedrooms and 3 1/2 baths, adorned with three-quarter inch Brazilian cherry hardwood flooring throughout the main and second floors. Each floor is equipped with a central vacuum system and has separate heating/AC units and water heaters. The first-floor heating/AC unit, featuring a HEPA filter system, was replaced in 2021, while the second-floor unit was replaced in 2023. Additionally, the first-floor water heater was replaced in 2022. Upon entering the large two-story foyer, you'll be greeted by the spacious formal dining room and the inviting vaulted ceiling family room. The kitchen is a chef's delight, boasting custom-made, solid cherry cabinets, granite countertops, and stainless steel appliances, as well as a dining area and a comfortable keeping area. The home is bathed in natural light, particularly in the family room and kitchen area with their abundant windows and sliding doors leading to a vast concrete deck overlooking the private swimming pool and 18th fairway of Kahite links. The 20' x 40' Gunite saltwater pool offers a refreshing retreat, complete with a diving board, a pool heater replaced in October 2022, and evening swim lighting. The main floor master bedroom includes a large en suite bathroom with two separate vanities, a walk-in shower, an oversize jetted tub, and a private toilet room. Adjacent to the master bedroom is a comfortable sitting room/office with a bay window overlooking the golf course. Upstairs, you'll find a hallway overlooking the family room, leading to one large bedroom with an en suite bath and walk-in closet, a second spacious bedroom with a walk-in closet and a cozy sitting room, and a third bedroom with a view of the 18th fairway. The second and third bedrooms share a private bathroom, each with its own vanity. There's also a large playroom/entertainment room on the upper level. The basement features insulated and studded concrete walls, superior walls, and plumbing already installed. French doors provide access to the outside, and double doors lead to a garage under the concrete deck, perfect for storing golf carts, lawnmowers, and watercraft. In addition to the home's outstanding features, the Kahite neighborhood offers access to the Kahite activity center, which provides breathtaking views of the Smoky Mountains. Amenities include a heated outdoor pool, fitness center, meeting rooms, tennis courts, and a restaurant. Kahite also boasts boat docks with access to Tellico Lake and the Little Tennessee River. Tellico Village amenities are equally impressive, with three premier golf courses (Kahite, Tanasi, Toqua), a fitness center, tennis and pickleball courts, indoor walking track, 25-yard indoor swimming pool, therapeutic pool, yacht club, and boat docks. This serene neighborhood, just south of Knoxville and a short 30-minute drive from the Knoxville airport, offers a perfect blend of luxury, tranquility, and recreation. Square Footage is approximate, Buyers to verify!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2006
MLS Number
1235556
Location
Address
113 Sikwa Tr
City
Vonore
State
TN
Zip Code
37885
County
MONROE
Listing
Provider
Berkshire Hathaway HomeServices Lakeside Realty, original listing
Name
Berkshire Hathaway HomeServices Lakeside Realty
Phone
(865) 458-9600
Office Name
BHHS Lakeside Realty
Office Phone
(865) 458-9600
Agent Name
Pamela Hardy Cooley

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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.

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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.