Once in a while, the foreclosure inventory surprises us – in a good way, that is. Between the myriad of ugly fixer-uppers there is the occasional truly stunning home. Consider this gorgeous, recent construction, three bedroom, three bath quality built log cabin in Settlers Ridge (less than 15 minutes from the center of Gatlinburg or Pigeon Forge), for example:
Even though this cabin was part of the “No Light Bulb Left Behind” program (all of the furniture and appliances have been removed), what is left is truly impressive. From the soaring cathedral ceiling, the gleaming all-wood interior, to the magnificent unobstructed view of the Smoky Mountains and Mount LeConte, this cabin is a rare gem. Granite counter tops, two fireplaces, and two full length decks complete the picture. Just add furniture, appliances, and decor items and someone will have a stunning vacation home here in Gatlinburg. When you consider that this property sold for $405,000 in 2008, and that the new asking price will likely be little more than half of that, you can buy a LOT of furniture when you have almost $200,000 in savings to work with! Sellers of non-foreclosure properties need to keep in mind that there are very attractive foreclosure properties that their homes must compete with. This naturally puts lots of price pressure on these sellers…
Although it is not on the market yet, we do not expect this cabin to be listed for long before someone will call it “home”. To view foreclosure and short sale properties currently listed by all of the members of our Great Smoky Mountain Association of Realtors MLS, please click here. To make this fabulous Gatlinburg area vacation cabin yours, just contact us!