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Wallace Luxury Spotlight | 1186 Obey Blevins Road Jamestown, TN 38556
Experience Equestrian Luxury at JR Ranch: Your Own Piece of Paradise Awaits
For those who dream of wide-open spaces, lush pastures, and endless trails, JR Ranch is the ultimate destination. Spanning 209 acres of rolling terrain, this extraordinary equestrian estate is set against the breathtaking backdrop of The Big South Fork Recreation Area, a haven for outdoor enthusiasts and horse lovers alike. More than just a retreat, JR Ranch offers a blend of natural beauty, practical amenities, and income potential, making it as functional as it is picturesque. Here’s what makes JR Ranch a one-of-a-kind investment and lifestyle opportunity:
Abundant Water Sources – Water is the lifeblood of any thriving ranch, and JR Ranch is blessed with plenty. With three tranquil ponds and seven natural springs, you’ll have a consistent water supply that keeps the landscape lush and supports an array of vibrant wildlife. It’s the ideal setting for sustainable land management and offers plenty of space for grazing, ensuring the property remains as beautiful as it is functional.
Comfortable Living Spaces – At the heart of JR Ranch is a cozy log cabin, designed with an open floor plan that provides a warm and inviting atmosphere. With two bedrooms and two baths, the main residence is perfect for those who appreciate rustic charm paired with modern comforts. A nearby bunkhouse serves as a delightful retreat for guests or staff, equipped with all the essentials to make anyone feel at home while maintaining the ranch’s rustic appeal.
Equestrian-Friendly Facilities – For the horse enthusiast, JR Ranch is fully equipped. The barn and stables are designed with efficiency and care in mind, offering ample space for horse care, storage, and everything needed to maintain equestrian facilities. With every detail thoughtfully planned, the ranch provides a seamless blend of practicality and comfort.
Scenic Trails and Fenced Pastures – One of JR Ranch’s standout features is the extensive network of trails that wind through the property’s wooded areas and lush pastures. With over five miles of well-maintained paths, you can explore by horseback or ATV, experiencing the beauty of the land from every corner. All pastures are fully fenced, ensuring both safety for your livestock and peace of mind for you.
A Thriving Investment – JR Ranch is more than just a beautiful escape; it’s a working ranch with income-generating potential. Its unique combination of amenities and prime location makes it a valuable investment, whether you’re looking to generate income or simply enjoy an upscale lifestyle. For those who envision their own Yellowstone, JR Ranch brings that vision to life, with the perfect mix of privacy, beauty, and opportunity.
Don’t miss your chance to own a piece of this equestrian paradise—come experience JR Ranch and discover the beauty and tranquility that await.
Listed by Mark Bradshaw – Wallace Lakeside Office | Click here for more information.
Dealing with the different types of grief from loss of housing
<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(68).png” style=”margin: 10px; width: 650px; height: 361px;” class=”featured”></p> <p>I have the privilege of serving on the board of directors for <a href=”https://familypromiseknoxville.org/”>Family Promise of Knoxville</a>. Our organization is small but mighty, with the lofty goal of keeping families with children from experiencing homelessness. And, should something happen that causes a family to be without a place to live, the organization has a network of connections to provide emergency shelter, as well as services to help families get back to a point where they are self-sustaining. It needs to be said that homelessness isn’t always because of addiction, mental illness or poor choices. In fact, it can happen to any of us at any time.</p> <p>Take the homeowners and renters who lost everything in Hurricane Helene, for instance.</p> <p>As a board member, I decided to attend the Family Promise National Conference, and have just finished two full days of sharing best practices and learning from experts and peers across the country. I made it a point to attend the session about housing loss and the grief associated with such loss so that I better understand my own customers and clients who come to me for help, whether that be through Family Promise, or whether that be through the more traditional real estate route.</p> <p>What I learned is that some homeowners are empowered to grieve over loss of their home, and some are denied this right due to social stigmatization. Losses such as we’ve seen in our more immediate area including the eastern part of Tennessee and western North Carolina are sudden, unexpected losses that will profoundly affect these homeowners or renters for the rest of their lives financially, physically and emotionally. And currently, they are in crisis mode, trying to figure out what will happen today and tomorrow, and that is as far as they are able to plan due to the chaos around them.</p> <p>Eventually, the emergency of the situation will fade, and they will be able to make a plan for what happens the rest of the year and for the years to come. There is a window of time, likely well into the future if not forever, when grief for this type of housing loss is not only allowed but given a place to occur and shared among the communities that are currently rushing in to offer help.</p> <p>Then there is the type of loss that occurs when one loses their shelter because they just can’t make ends meet. Or the car needed an unexpected repair and they couldn’t afford rent or the mortgage, or there was a job loss that caused financial hardships. Those experiencing homelessness due to these types of situations are often not given the liberty to grieve, as this is sometimes labeled as “self-inflicted” or “avoidable.” Those studying the effects of housing loss, especially experienced among children, call this disenfranchised grief, or denial of the right to grieve.</p> <p>Regardless of the reason someone is without housing, the grief can be as strong as the loss of a beloved family member or friend. And if the loss is due to personal circumstances, grief is paired with guilt. There can be fear of the situation repeating itself which makes it hard for anyone, regardless of the cause, to be able to move forward.</p> <p>So, this column is really directed to my fellow real estate colleagues, with a request to remember that we need to meet people where they are. And to understand that some of those seeking our help may cope differently than others, and that patience, guidance, and clarity is a non-negotiable when working with those who have experienced housing loss.</p> <p>Our area experienced the migration of many people to our area after hurricane Katrina. It’s possible that Helene will also send people our way. That remains to be seen. Should that happen, it is my hope that our community will welcome them, allow them to grieve, and to give them stability to move past that grief.</p> <section itemprop=”articleBody”> <p paraeid=”{279cb7ac-7321-4039-9619-39f6b175de1b}{118}” paraid=”1241859221″><em>*This article was reprinted with permission from the Knoxville News Sentinel in October 2024.</em></p> </section> </div><div class=”clearfix”></div><div class=”clearfix”></div></section>
Wallace Luxury Spotlight | 3320 High Pointe Way Louisville, TN 37777
Perched above the prestigious Lashbrooke neighborhood, this exquisite executive residence offers over 3,000 square feet of refined living with captivating lake and mountain views. With four bedrooms and four baths, the home strikes the perfect balance between rustic charm and modern luxury. The interior features beautiful stone and handcrafted wood accents that create a warm, inviting ambiance.
Freshly refinished hardwood floors flow throughout the main level, while 10-foot ceilings and abundant natural light enhance the sense of openness. Two stunning fireplaces add a touch of coziness, making it the ideal space for relaxation and gatherings. The chef’s kitchen is a true centerpiece, boasting luxury granite countertops, top-of-the-line appliances, custom wood cabinetry, and a spacious pantry, making it a culinary dream.
The outdoor living spaces are designed for effortless entertaining, offering multiple areas to enjoy the surrounding beauty. Whether you’re sipping your morning coffee or enjoying an evening drink, the breathtaking views will make every moment special. Additional convenience comes with the HOA amenities, with more details available at Lashbrooketn.com.
Experience unparalleled luxury and comfort in this remarkable home!
This property is presented by Lorraine Burns – Wallace Real Estate West Office. For more information, click here.
Wallace Luxury Spotlight | 112 Sunali Lane Loudon, TN 37774
Spacious Basement Rancher in Tellico Village with Water Views
Situated in the popular Tellico Village golf and lake community, this spacious 4,226 sq ft basement rancher provides comfortable living with plenty of room for family and guests. The main level features 3 bedrooms, 2.5 bathrooms, a bright living room, formal dining room, and a well-designed kitchen. Enjoy beautiful views of the water and the Yacht Club from the sunroom and deck.
The walk-out basement adds even more functionality with a second kitchen, an additional bedroom, 2 full bathrooms, ample storage, a workshop, and a screened-in porch, making this home ideal for extended family or guests. Located just across from the Yacht Club, you’ll have easy access to community amenities, and lawn care is provided by the HOA for added convenience.
With owner financing available, this opportunity becomes even more attractive. The HOA fee of $406.24 per month covers mowing, trimming, irrigation (including water), and an additional annual fee of $440 goes towards the upkeep of picnic tables, plants, flowers, and other miscellaneous items for the island.
Listed by Caroline Badgett – The Agents Who Care – Wallace Real Estate Farragut Office. Click here for more info!
Wallace Luxury Spotlight | 2435 Smithland Lane Knoxville, TN 37931
Stunning Mid-Century Modern Retreat with Unmatched Mountain Views
Prepare to be captivated by the breathtaking views of the Smoky and Cumberland Mountains from every room of this custom-built mid-century modern home. Nestled on 17 private acres, this home is a true oasis, offering amenities for everyone in the family to enjoy.
Explore graded four-wheeler and hiking trails that wind through the property, perfect for the outdoor enthusiast. For the car lovers, this property boasts a total of 6 garage spaces—3 attached to the home and a 3-bay outbuilding ideal for storing recreational vehicles or creating a workshop. There’s even a covered RV garage for those who love to travel.
This 4-bedroom, 2.5-bath, 4098 sqft home combines elegance with comfort. Features include a heated hot-tub room, sunroom, and two large decks, perfect for relaxing while taking in the mountain views. Two of the home’s three fireplaces are made from locally sourced Tennessee marble, adding a touch of local craftsmanship to the design.
The main level includes a spacious living-dining room combo with vaulted ceilings, a separate kitchen, and a breakfast room. Downstairs in the den, you’ll find one of the marble fireplaces, a wet bar, and a hobby room, creating the perfect space for entertaining.
The primary bedroom features an attached en-suite with a walk-in shower. All bedrooms are conveniently located on the second floor, along with the washer and dryer, which convey with the property.
This home is by appointment only, and there’s much more to discover. Listed by Lisa Jones — Wallace Real Estate Farragut Office. Click here for more information.
Wallace Luxury Spotlight | 6709 Long Shadow Way Knoxville, TN 37918
Welcome to a masterpiece of luxury living in the heart of Halls, nestled in the desirable Shadow Creek neighborhood. This custom-built home spans over 8,000 square feet across three levels, offering an experience akin to living in a private resort. With 7 bedrooms and 7 baths, there is abundant space for family and guests alike.
As you step through the grand wooden doors, you’re greeted by cathedral ceilings and a stunning staircase, setting the tone for the elegance throughout the home. The formal dining room, perfect for hosting holiday gatherings, opens seamlessly to the living area. Floor-to-ceiling windows bathe the space in natural light, while the fireplace adds warmth and coziness, making it the ideal place to unwind.
The heart of this home is its gourmet chef’s kitchen, featuring two expansive granite countertops and ample cabinetry. A double oven, cooking sink, and stone-surrounded stove provide the ultimate culinary workspace. With a coffee bar ready to fuel your creativity, this kitchen invites you to cook, bake, and entertain to your heart’s content. Just off the kitchen, a den with a grand fireplace offers another inviting spot to relax.
The primary bedroom is a true retreat, complete with its own fireplace and a luxurious ensuite featuring double vanities, a walk-in shower, and a jetted tub for ultimate relaxation. Upstairs, five additional bedrooms provide comfort and space, along with ample storage. The lower level includes a private bedroom and bathroom, a second kitchen, dining, and living space, making it perfect for guests or in-laws. A fully equipped theatre room promises endless entertainment for movie nights.
Outside, the luxury continues with a beautiful inground pool, privacy fence, and a covered outdoor area with a built-in grill, ideal for entertaining. This home truly captures the essence of craftsmanship and luxury, a place where you’ll never want to leave.
This property is presented by Vickie Bailey Team – Wallace Real Estate Bearden Office. For more information, click here.
Wallace Luxury Spotlight | 3080 Smoky Bluff Trail Sevierville, TN 37862
Discover the ultimate mountain retreat in this custom-built “Bearadise Barndominium,” nestled in the heart of the Great Smoky Mountains. Located in a highly sought-after luxurious subdivision, this secluded haven offers an unparalleled blend of rustic charm and modern elegance. The property features two spacious bedroom suites, each equipped with king-size beds, and two modern bathrooms, ensuring comfort and luxury at every turn.
Surrounded by breathtaking mountain views, this property provides the perfect setting to unwind in complete privacy. The barndominium is a guest house with its own gated entrance, offering a unique blend of seclusion and convenience. With house plans already approved by the HOA and a trusted builder available in The Summit, you have the option to build your dream main house on this spectacular site.
The property is equipped with two separate septic systems—one for the barndominium (2-bedroom capacity) and another for the future main house (4-bedroom capacity, already installed). Additionally, it boasts city water, underground electricity, and high-speed internet, making it ideal for either a permanent residence or a second home. The main house area also features a separate gated entrance, providing even more privacy and exclusivity.
Currently being used as a short-term rental, this property offers limitless possibilities, from a peaceful getaway to the perfect mountain retreat while you build your dream home.
This property is presented by Hali Combs Whaley — Wallace Real Estate Bearden Office. For more information, click here.
Navigating Industry Changes with Claudia Stallings
<section itemprop=”articleBody” class=”e-content”><div class=”blogContentWrapper”><p>Recently, Wallace Real Estate's COO Claudia Stallings sat down with local radio host Scott Brockamp for a conversation on his show, “Around the House.” They chatted about changes to the real estate industry with regard to how real estate agents are compensated, and Claudia shared her insights about how these changes affect the experiences of home buyers and sellers. </p> <p><img alt=”” src=”https://d15zjc2r4e8kr7.cloudfront.net/9302/blog/CBW%20Designation%20Graphics%20%26%20Radio%20(2).png” style=”margin: 10px; width: 650px; height: 501px;” class=”featured”></p> <p>She also shared some of the latest East Tennessee real estate market stats, plus advice for how consumers can navigate and make the most of the current market conditions. </p> <p>Listen to her full interview below: </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/1688570″ title=”New Realtor Commissions / New Floors” width=”100%”>New Realtor Commissions / New Floors</iframe></p> </div><div class=”clearfix”></div><div class=”clearfix”></div></section>
September 2024 Real Estate Market Update: What You Need to Know
As we move into the cooler months of the year, the East Tennessee real estate market is following some familiar seasonal trends. September often signals the beginning of a slow-down, with fewer homes hitting the market, but the data reveals some interesting dynamics that are important to note for both buyers and sellers.
New Listings Looking at September 2024, we’re seeing a similar trend to previous Septembers, particularly when compared to 2021, which saw a slight uptick in new listings. This year’s numbers align with the usual pre-holiday slow-down as homeowners typically hold off listing their properties until the spring. This is a good reminder for sellers that fall can still be an opportune time to list, as competition is often lower.
Active Listings Inventory is looking healthier compared to the past few years. The number of active listings remains on par with the previous month and is quite similar to 2019. This steady increase in buyer options, which began in early 2023, signals a shift towards a more balanced market—one we haven’t seen since pre-pandemic times. Buyers who have been waiting for more options should take note, as we’re steadily moving away from the seller-dominated market of recent years.
Sales Pending September 2024 brought an increase in pending sales compared to last September, suggesting that buyers are beginning to adjust to the current interest rate environment. While there was a slight dip from August, this seasonal decline is typical and isn’t a cause for concern. The recent easing of interest rates may have encouraged more buyers to lock in their purchases before further changes.
Closed Units September closings took a noticeable dip, which is to be expected at this time of year. The only exception was in 2020 when the market was highly irregular due to unique factors. High interest rates and prices continue to put pressure on the market, but this is in line with the Federal Reserve’s goal to temper demand and slow the rapid rise in home prices.
Months of Supply We’re seeing a 5-month supply of homes, back to where we were in January. This number has climbed thanks to the combination of more listings and fewer closed transactions. While a 6-9 month supply is generally considered a balanced market, the current figure still indicates a seller’s market—though not as dominant as in previous years. This slight easing is good news for buyers looking for better opportunities.
Median Sales Price Despite some cooling, sellers remain in the driver’s seat. The median sales price has edged up to around $370,000. While we are seeing more price reductions as some homes enter the market with higher-than-expected asking prices, there is still strong demand. Should interest rates drop, expect a resurgence of buyers, which could push prices even higher.
Average Days on Market Homes are staying on the market for about 40 days on average, a number that feels closer to “normal” compared to the lightning-fast sales pace of 2020 and 2021. Unless interest rates fall substantially, we may see this figure rise as some buyers continue to take a cautious approach.
These trends highlight a market in transition, one that is slowly balancing out after years of heavy demand and low inventory. Whether you’re buying or selling, it’s important to stay informed and strategize accordingly as we head into the final months of 2024.
*Stats provided with permission from the East Tennessee Realtors Multiple Listing Service. As reported by Claudia Stallings, Wallace Real Estate COO.
Buying or Selling a Home Doesn’t Have to Be Scary!
As the leaves begin to turn and you plan your trip to the local pumpkin patch, it’s easy to feel like fall is full of spooky surprises—but buying or selling a home doesn’t have to be one of them! At Wallace Real Estate, we know that the real estate process can seem daunting at first, but with the right guidance, it can be a treat, no tricks!
Here’s how we help you avoid the real estate scares and navigate your journey with confidence:
1. Expert Guidance—No Skeletons in the Closet
The process of buying or selling a home can be tricky to navigate, with unexpected surprises that pop out and catch you off guard. With a Wallace Real Estate professional by your side, you can avoid the scary moments. Our agents provide honest, transparent advice to make sure there are no unexpected “skeletons in the closet” when it comes to contracts, negotiations, or inspections.
2. We’re Here to “Carve” Out Time for You
Pumpkin carving may be a fall tradition, but when it comes to real estate, it’s time we’ll carve out for you. Your Wallace Real Estate professional will prioritize your needs, making sure they’re available to answer questions, offer solutions, and give you the attention you deserve throughout the entire process. Just like choosing the perfect pumpkin, we’ll help you find the right property—or guide you on how to prepare your home for sale.
3. No Tricks, Just Treats in Negotiations
When it comes to pricing and negotiating, our agents are highly skilled—ensuring you get the best deals without any tricks. Whether it’s buying the right property and sticking to your desired timeline, or selling your current home to get the best value, you’ll have peace of mind knowing Wallace Real Estate has your best interests at heart.
Once your journey is complete, you’ll be glad you had a professional to handle all the details. From paperwork to closing, we make sure the experience is seamless—no webs of confusion here!
Don’t Let the Process Spook You—Let’s Get Started!
Whether you’re considering buying or selling, don’t let the process give you the chills. This October, carve out some time to meet with your Wallace Real Estate professional and get started on a journey that will end with sweet rewards!
