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Wallace Luxury Spotlight | 8422 S Northshore Drive Knoxville, TN 37919
Welcome to a world of unparalleled luxury and sophistication in this stunning 2023 Craftsman-style home, located in the highly desirable Rocky Hill area. This exquisite residence, situated on a spacious 1+ acre lot along Northshore, offers an impressive 4,387 sq ft of living space, with 2,899 sq ft on the main level. Designed with meticulous attention to detail, this home perfectly blends modern comfort with timeless elegance.
Elegant and Spacious Living
When you first enter the grand living space, you’ll definitely want to take note of the elegant hardwood floors and spacious, open floor plan that exudes sophistication. The main floor is thoughtfully designed for convenience and comfort, housing the primary suite, two additional bedrooms, an office, a laundry room, and a garage. Each room is designed to provide a seamless living experience, ensuring every aspect of your lifestyle is catered to.
Gourmet Kitchen and Entertaining Spaces
The gourmet kitchen is a chef’s dream, equipped with high-end appliances and ample space for both cooking and entertaining. Whether you’re preparing a family meal or hosting a dinner party, this kitchen offers everything you need. The large covered back porch provides a perfect setting for relaxation or entertaining, allowing you to enjoy the beautiful outdoors in comfort and style.
Superior Quality and Comfort
This home is enhanced with spray foam insulation for exceptional quietness and energy efficiency. The tankless water heater ensures instant hot water, adding to the home’s convenience and luxury. Every detail, from the elegant hardwood floors to the high-quality fixtures, has been carefully selected to provide the utmost in comfort and style.
Additional Features and Amenities
- Circular Driveway: Easy access and additional parking
- Large Fenced Yard: Perfect for outdoor activities and pets
- Professional Landscaping: Adds to the home’s curb appeal and beauty
- Prime Location: Close to shopping, the airport, the University of Tennessee, and numerous dining options, all within 10 miles
- No HOA and County Taxes Only: Offers financial benefits and flexibility
A Personal Touch
The sellers, who are sadly relocating out of state, have truly loved this home and the area. Their unfortunate need to move is your gain, offering you the chance to own a nearly new, meticulously maintained home in a fantastic location.
Your Dream Home Awaits
Don’t miss the opportunity to experience luxury, convenience, and tranquility in Rocky Hill. Schedule your tour today and discover all that this stunning Craftsman-style home has to offer.
Listed by Caroline Badgett – The Agents Who Care – Wallace Real Estate Farragut Office – Click here for more info!
Wallace Luxury Spotlight | 139 Ccc Camp Road NORRIS, TN 37828
Discover the perfect blend of luxury and serenity in this stunning custom-built home nestled on 2.34 acres in Norris. Tucked away on a peaceful lane, this exquisite property offers a harmonious balance of elegant design and tranquil country living.
A Grand Entrance and Living Space
Step into a world of sophistication as you enter this beautifully crafted home. The main level features a spacious living area with cathedral ceilings, elegant shelving, and a cozy gas fireplace, all bathed in natural light. The open-concept kitchen, dining, and living areas flow seamlessly, creating an inviting space ideal for entertaining guests or enjoying family time.
Luxurious Bedrooms and Private Retreats
This home boasts three bedrooms on the main level, each with its own ensuite bathroom, ensuring comfort and privacy for all family members and guests. The primary suite is a true retreat, featuring cathedral ceilings, a private balcony, a luxurious soaking tub, and a large walk-in shower, providing the ultimate sanctuary.
Outdoor Oasis
The charm of this property extends beyond its interior. A wrap-around front porch and large covered back patio offer serene spots to relax and take in the peaceful surroundings. The backyard is a true oasis, complete with an inground pool, perfect for summer gatherings and leisurely afternoons.
Additional Features and Amenities
A large bonus room upstairs provides endless possibilities and would make a fantastic home theatre. The yard is completely fenced, and there is even a tiled bath in the garage for your furry friends. Extra storage is plentiful, including an additional garage that could serve as a workshop.
Prime Location
Located just 8 minutes from Norris Dam Marina, this home offers easy access to boating and water activities, making it ideal for those who love outdoor adventures. This property is perfect for those who appreciate fine craftsmanship, attention to detail, and the best of country living with luxury and convenience.
Your Dream Home Awaits
Don’t miss the opportunity to own this extraordinary custom-built home in Norris. Experience the perfect blend of luxury, tranquility, and convenience. Schedule your tour today and discover the unparalleled beauty and elegance this home has to offer.
Listed by Leslie Kennedy – Wallace Real Estate Lakeside Office – Click here for more info!
The Gold Medal Standard: How Your Real Estate Agent is Like an Olympic Coach
As the Summer Olympics kick off this week, the world turns its attention to the incredible athletes who have dedicated years of their lives to achieving excellence in their respective sports. While watching these elite competitors strive for gold, it’s easy to draw parallels to another type of coach: your real estate agent. Just like Olympic coaches, real estate agents play a crucial role in guiding their clients through the complex, often competitive journey of buying or selling a home.
Here’s how your real estate agent embodies the spirit and skills of an Olympic coach.
Expertise and Training
Olympic coaches are experts in their field, often having been athletes themselves or having dedicated their careers to understanding the intricacies of their sport. They continuously update their knowledge to ensure their athletes are at the top of their game. Similarly, a top-notch real estate agent has in-depth knowledge of the market, legal requirements, and negotiation strategies. Wallace agents undergo continuous training and certifications to stay current with industry changes, ensuring they can provide the best possible advice and service to their clients.
Personalized Strategy
No two athletes are the same. Coaches develop personalized training programs tailored to each athlete’s strengths, weaknesses, and goals. They adjust techniques and strategies based on performance and progress. Your real estate agent takes the time to understand your unique needs and goals. Whether you’re buying your first home, upsizing for a growing family, or downsizing for retirement, your agent will develop a customized strategy to help you achieve your real estate dreams. They adapt their approach based on market conditions and your feedback.
Motivation and Support
Coaches are not just strategists; they are motivators and supporters. They inspire their athletes to push through challenges, stay focused, and maintain a positive mindset. The journey of buying or selling a home can be stressful. Your real estate agent is there to provide encouragement, answer your questions, and keep you motivated. They handle the complexities of the process, allowing you to focus on your goals and stay positive.
Navigating Challenges
Athletes face numerous obstacles on their path to the Olympics, from injuries to tough competition. Coaches help them navigate these challenges, providing solutions and adjustments to keep them on track. The real estate market can be unpredictable, with challenges such as multiple offers, financing hurdles, and inspection issues. A skilled real estate agent anticipates potential problems and devises strategies to overcome them, ensuring a smoother process for their clients.
Achieving Success
The ultimate goal for any Olympic coach is to see their athlete stand on the podium, achieving their dreams of winning a medal. The journey is filled with hard work, dedication, and shared victories. Your real estate agent’s success is measured by your satisfaction. Whether it’s securing your dream home at the right price or selling your property for the best possible value, they are committed to helping you achieve your real estate goals and celebrate your well-earned victory.
As we cheer on our favorite athletes in the Summer Olympics, let’s also take a moment to appreciate the dedication and expertise of real estate agents. Like Olympic coaches, they are committed to guiding their clients to success, providing personalized strategies, unwavering support, and expert navigation through the complexities of the real estate market. So, as you watch the games and marvel at the achievements of the athletes, remember that your real estate agent is working just as hard to help you achieve your own real estate gold.
At Wallace Real Estate, we pride ourselves on providing the gold medal standard in real estate services. Contact us today to start your journey to success with a dedicated and experienced real estate agent by your side.
Wallace Real Estate hosts National Speaker Zan Monroe for Training
<section itemprop=”articleBody” class=”e-content”><div class=”blogContentWrapper”><p><img alt=”” class=”featured featured” src=”https://d15zjc2r4e8kr7.cloudfront.net/9302/blog/Moxi%20Blog%20Images%20(900%20x%20500%20px)%20(61).png” style=”margin: 10px; width: 900px; height: 500px;”></p> <p>Knoxville, TN, July 22, 2024 – Wallace Real Estate is excited to announce that renowned national speaker and real estate expert Zan Monroe will be hosting an exclusive training session for Wallace agents. This event is part of Wallace's ongoing commitment to providing exceptional professional development opportunities for its affiliated sales professionals.</p> <p>”Having Zan Monroe join us to lead this two-day training intensive is a testament to our dedication to fostering continuous learning and excellence among our agents,” said Andrew McGranaghan, Chief Development Officer at Wallace Real Estate. “We believe that investing in our agents' education translates directly into better service and outcomes for our clients.”</p> <p>Monroe, a sought-after speaker and author, brings a wealth of knowledge and experience in real estate, sales, and personal development. His dynamic approach and practical insights have empowered countless real estate professionals to elevate their performance and achieve their goals.</p> <p>”Our agents are our greatest asset, and we are committed to providing them with the tools and training they need to succeed,” said McGranaghan. “With a full-time professional development trainer on staff, regular training events, and our comprehensive Launch program, Wallace Real Estate is dedicated to ensuring our agents are among the best in the industry.”</p> <p>The Launch program at Wallace Real Estate is designed to support both new and experienced agents in taking their business to new heights. Covering a wide range of topics from marketing strategies to customer relationship management, the program provides a solid foundation for agents to build successful careers.</p> <p>”For our clients, working with a Wallace agent means partnering with a highly trained, skilled, and dedicated professional,” added McGranaghan. “Our commitment to continuous professional development ensures that our agents are well-versed in the latest market trends, negotiation techniques, and legal requirements, providing top-notch service every step of the way.”</p> <p>The training session with Zan Monroe, which is scheduled to take place on July 23 & 24, underscores Wallace Real Estate's mission to support its agents' professional growth and, in turn, deliver exceptional service to its clients.</p> <p>For more information about Wallace Real Estate and its commitment to training and professional development, please visit https://wallacetn.com/company/careers/ or <a href=”mailto:andrew@wallacetn.com?subject=Inquiry%20from%20Website”>contact Andrew McGranaghan.</a> </p> <p><u><strong>About Wallace Real Estate</strong></u></p> <p>Wallace Real Estate is a leading real estate brokerage in East Tennessee, dedicated to providing exceptional service to buyers and sellers. With a focus on continuous learning and professional development, Wallace agents are among the most knowledgeable and skilled in the industry. Whether you're looking to buy, sell, or invest in real estate, Wallace Real Estate is your trusted partner for success.</p> </div><div class=”clearfix”></div><div class=”clearfix”></div></section>
Wallace Real Estate forms new real estate alliance with Bender
<section itemprop=”articleBody” class=”e-content”><div class=”blogContentWrapper”><p><img alt=”” class=”featured featured” src=”https://d15zjc2r4e8kr7.cloudfront.net/9302/blog/Moxi%20Blog%20Images%20(900%20x%20500%20px)%20(59).png” style=”margin: 10px; width: 751px; height: 417px;”></p> <p>Wallace Real Estate has formed a new real estate alliance model with Bender Realty to extend support and benefits to agents of the family-owned firm based in Cleveland, Tennessee.</p> <p>“Bender Realty, Powered by Wallace” will bring additional resources such as marketing, training, technology, relocation and growth plans to Bender Realty, a trusted name in the Cleveland market.</p> <p>“We are delighted to join forces with Bender Realty and are eager to create opportunities together in line with our shared values,” said Andrew McGranaghan, chief development officer for Wallace Real Estate. “Wallace has enjoyed tremendous growth thanks to the loyalty of our community and customers, and we welcome the opportunity to provide a model that does the same for other local real estate firms.”</p> <p>Founded in Knoxville in 1936, Wallace Real Estate has experienced steady growth and in 2023 declared itself an independent firm. The new Powered by Wallace concept is designed to assist community-owned firms and help their growth trajectory.</p> <p>The partnership allows Bender Realty agents to provide their buyers and sellers with the same tools, service and access that Wallace Real Estate offers to its customers.</p> <p>Bender Realty has served Cleveland, Tennessee, and the surrounding areas of Bradley County and beyond since 1969. The firm credits its longevity to providing outstanding customer service through sales and property management for both residential and commercial sectors.</p> <p>“We highly value our company’s local reputation, so we are very selective in choosing partners,” said Brian Workman, co-owner and broker of Bender Realty. “Wallace Real Estate is the perfect choice to help take us into the future, with aligned core values and a shared goal to do right by our agents, our clients and our community.”</p> <p>Both Wallace Real Estate and Bender Realty are members of the prestigious Leading Real Estate Companies of the World® network, a distinction limited to the top locally owned, independent companies. This membership underscores both brokerages’ commitment to excellence and their standing as trusted leaders in the real estate industry.</p> <p>“This alliance represents a significant step forward in our mission to provide exceptional real estate services across East Tennessee,” said Claudia Stallings, chief operating officer for Wallace Real Estate. “Bender Realty’s strong local presence and respected reputation, combined with our comprehensive support systems, will enhance the capabilities of both companies, enabling us to deliver even greater value to our agents and clients. By continually seeking innovative partnerships and expanding our service area, we are positioning ourselves and our agents for a prosperous future.</p> <p>“We believe that embracing change and fostering collaboration is key to remaining a leader in the ever-evolving real estate industry.”</p> <p>For more information about Powered by Wallace, contact Andrew McGranaghan at andrew@wallacetn.com.</p> <p><strong>About Wallace Real Estate</strong></p> <p>Wallace Real Estate, trusted since 1936, is a leading real estate firm in East Tennessee. Known for its full-service approach, the firm provides its agents with the latest technology, comprehensive training, and marketing support to ensure the highest level of service and success. Through comprehensive training, technology and marketing support, Wallace Real Estate bolsters the careers of more than 425 agents, ensuring they have the tools needed to succeed in the competitive real estate market.</p> <p><strong>About Bender Realty</strong></p> <p>Since 1969, Bender Realty has been serving Cleveland, Tennessee, Bradley County, and other surrounding areas. A full-service company with both Sales and Property Management in Residential and Commercial, Bender prides itself in providing outstanding customer service, all the time, every time.</p> </div><div class=”clearfix”></div><div class=”clearfix”></div></section>
Navigating the June 2024 Real Estate Market: A Snapshot
As we settle into summer, the real estate landscape in our area continues to evolve. Let’s dive into the latest market insights for June 2024.
New Listings
In June, we observed a slight decrease in new listings compared to previous months. This trend aligns closely with pre-pandemic levels from 2019, suggesting a seasonal slowdown typical during the vacation season. For eager buyers, this meant a slightly narrower selection of fresh properties entering the market.
Active Listings
The number of active listings saw a steady increase throughout June, providing welcome news for prospective buyers. Although not yet reaching the peaks of 2019, our current inventory surpasses the availability of the last four years. This surplus gives buyers more options and encourages sellers to price their homes strategically to avoid prolonged listing periods.
Sales Pending
June saw fewer homes going under contract, reflecting the lower influx of new listings. This dynamic highlights buyer interest in newly listed properties. Sellers with homes on the market longer than average may need to reassess pricing strategies and consider recent comparable sales to stay competitive.
Closed Units
The total number of closed units saw a notable decline from May to June. This shift is partly attributed to increased instances of earnest money releases, often due to inspection issues. Sellers are now more likely to consider repairs to attract buyers, indicative of a shifting market where negotiations play a crucial role, despite it still favoring sellers.
Months of Supply
Currently, we have approximately 4.5 months of inventory, a figure in line with 2019 levels. This metric indicates a faster-than-balanced market (typically 6-9 months of supply), suggesting continued robust demand relative to available listings.
Median Sales Price
Reflecting the ongoing seller’s market, median sales prices continue to rise steadily. Historically, summer prices tend to stabilize, yet with an uptick in active listings and persistent buyer demand, some negotiation may be expected on both sides moving forward.
Average Days on Market
Typical of the sales season, homes are selling faster during warmer months. The average days on market stands at approximately 35 days, implying a quick turnaround from listing to pending status. Sellers should anticipate finding buyers within a couple of weeks for well-priced homes in desirable conditions and locations.
Navigating the nuances of the real estate market requires staying informed and adapting to changing conditions. Whether you’re considering buying or selling, these insights into June 2024 provide a valuable snapshot of current trends. If you have any questions about these statistics or need personalized guidance tailored to your real estate goals, don’t hesitate to reach out to your trusted Wallace Real Estate agent. We’re here to provide expert advice and support every step of the way.
Feel free to contact us to discuss how these trends may impact your next real estate decision. Your dream home or strategic sale could be closer than you think with the right knowledge and assistance.
Why Summer is a Great Time to Buy or Sell A Home in East Tennessee
Summer is here, and with it comes what’s typically our busiest season in the East Tennessee real estate market. If you’ve been considering buying or selling a home, it’s a great time to make your move.
Here are a few reasons why summer is an ideal time for real estate transactions in our beautiful region.
Increased Inventory –
We’ve been seeing an uptick of new listings, which provides more options for buyers who are looking. If you’re a seller staying in the area, you’ll likely be looking for that next great home as well.
Better Weather for Moving –
Summer is a beautiful time in East Tennessee. Whether you’re relocating within the area or moving from out of state, the sunny days and longer daylight hours can make the process of packing, transporting, and settling into your new home more manageable.
Good Timing –
For many buyers and sellers, summer is a more convenient time to move, as it doesn’t disrupt the school year. Additionally, many neighborhoods host summer activities and events, providing an excellent opportunity to meet your new neighbors and become part of the community.
Curb Appeal at Its Best –
Summer is the season when homes look their best. Lush lawns, blooming flowers, and clear skies create excellent curb appeal, making properties more attractive to potential buyers. Sellers can take advantage of this by highlighting outdoor spaces, gardens, and other features that shine in the summer sun.
Competitive Market –
The summer market tends to be more competitive. Sellers can often receive multiple offers and potentially sell their homes at a higher price. Buyers, on the other hand, have the advantage of negotiating and securing favorable deals in a bustling market.
Outdoor Living Spaces –
One of the greatest joys of living in East Tennessee is the opportunity to enjoy outdoor living spaces. Summer is the perfect time to showcase patios, decks, pools, and gardens, emphasizing the lifestyle benefits of a home. Buyers can easily envision themselves enjoying these spaces during the warm months.
Real Estate Market Trends –
Traditionally, the real estate market sees a surge in activity during the summer. This trend holds true for East Tennessee as well. Staying informed about market trends and working with a knowledgeable real estate agent can help you make informed decisions, whether you’re buying or selling.
Summer in East Tennessee offers great conditions for both buying and selling homes. With increased inventory, favorable weather, and a competitive market, it’s an excellent time to make your real estate dreams a reality. If you’re ready to take the next step, reach out to me today. Let’s explore the opportunities that this vibrant season has to offer!
Celebrating National Homeownership Month with Andrew McGranaghan on "Around the House"
<section itemprop=”articleBody” class=”e-content”><div class=”blogContentWrapper”><p><img alt=”” src=”https://d15zjc2r4e8kr7.cloudfront.net/9302/blog/Moxi%20Blog%20Images%20(900%20x%20500%20px)%20(57).png” style=”margin: 10px; width: 750px; height: 417px;”></p> <p>Wallace Real Estate's own Andrew McGranaghan was invited to be a special guest on a recent episode of local radio program <em><strong>Around the House</strong></em> with Scott Brockamp! June is National Home Ownership Month, and Andrew shared some great insight about what's happening in the East Tennessee real estate market, as well as tips for homeowners who may be looking to make a move. </p> <p>Listen to the full interview below (begins at about the 50:25 mark). </p> <p><iframe allow=”accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture” allowfullscreen=”allowfullscreen” frameborder=”0″ height=”154px” scrolling=”no” src=”https://player.rss.com/aroundthehouse/1549608?time=3024″ title=”National Homeownership Month 2024″ width=”100%”>National Homeownership Month 2024</iframe>June is National Homeownership Month, a time to celebrate the many benefits of owning a home and recognize its importance in building strong communities. Whether you're a first-time buyer or a seasoned homeowner, owning a home offers numerous advantages that contribute to personal and financial well-being.</p> <p>Here are some key facts and benefits to consider:</p> <p>1. Building Equity: One of the most significant advantages of homeownership is building equity over time. Equity is the difference between the market value of your home and the amount you owe on your mortgage. As you pay down your mortgage and your home's value appreciates, you build wealth that can provide financial security and future opportunities.</p> <p>2. Stable Housing Costs: Unlike renting, where monthly payments can fluctuate with market trends, homeownership provides stability in housing costs. With a fixed-rate mortgage, your principal and interest payments remain consistent over the life of the loan, offering predictability for planning and budgeting.</p> <p>3. Tax Benefits: Homeownership can offer tax advantages, including deductions for mortgage interest, property taxes, and certain home-related expenses. These deductions may be able to lower your taxable income and reduce your overall tax burden, providing additional financial benefits.</p> <p>4. Freedom and Personalization: Owning a home gives you the freedom to personalize and customize your living space to suit your preferences and lifestyle. From renovations and landscaping to decorating choices, homeownership allows you to create a space that truly feels like your own.</p> <p>5. Community Stability: Homeowners often have a stronger sense of community and are more invested in their neighborhoods. Stable communities can contribute to support for local schools, improved public amenities, and higher property values, creating a positive environment for families and residents.</p> <p>6. Long-Term Financial Security: Over time, homeownership can serve as a cornerstone of long-term financial security and retirement planning. As property values typically appreciate over the years, homeowners may leverage their equity for future investments or retirement income.</p> <p>7. Sense of Achievement: Purchasing a home is a milestone achievement for many individuals and families. It represents stability, accomplishment, and the fulfillment of a lifelong dream for many.</p> <p>As we celebrate National Homeownership Month, let's recognize the significance of owning a home and the positive impact it has on individuals, families, and communities. Whether you're considering buying your first home or already enjoy the benefits of homeownership, take pride in the role you play in creating a stronger, more vibrant community. If you're ready to explore the path to homeownership or have questions about the real estate market, reach out to us. We're here to help you achieve your homeownership goals and make your dreams a reality.</p> </div><div class=”clearfix”></div><div class=”clearfix”></div></section>
