Fourth & Gill (Knoxville, TN)
By Jim Lee, Portsmouth NH Realtor, Portsmouth, NH
(RE/MAX Shoreline)
Founded in 1786, Knoxville, Tennessee is a city rich in history and colorful citizens that contributed much to Knoxville the the surrounding areas. Many of Knoxville’s early citizens were buried in Old Gray Cemetery after their passing. In what has became an annual even, the Lantern and Carriage Tour at Old Gray Cemetery offers fascinating vignettes into Knoxville’s past as reenactors portray famous and/or interesting Knoxvillians buried in Old Gray. Old Gray Cemetery was dedicated in 1852 with the first burial on July 14, 1851. Old Gray is located about 12 blocks north of downtown Knoxville and is intended to be used as a park in addition to being a burial place. My lovely wife Charlotte and I visited Old Gray yesterday for the 9th annual Lantern & Carriage Tour. This terrific bugler b...
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By Jim Lee, Portsmouth NH Realtor, Portsmouth, NH
(RE/MAX Shoreline)
First the federal government came up with the American Recovery and Reinvestment Tax Act of 2009 which provides for a tax credit of up to $8,000 or a maximum of 10% of the sale price of a home for buyer who have not owned a home in the past three years. Sounds like a good deal but a lot of otherwise qualified buyers were still being left out because even though they were able to qualify creditwise they were cash poor and just didn't have enough available funds to take advantage of the tax credit. Enter a new program from the Tennessee Housing Development Authority (THDA). Now you can actually borrow, via a second mortgage on your new home, up to 3.5% of the down payment amount which is not coincidentally the minimum down payment required for FHA financing. Basically all you need is a mi...
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By Jim Lee, Portsmouth NH Realtor, Portsmouth, NH
(RE/MAX Shoreline)
They're here........fixed mortgage interest rates below 5%! If you're in the market for a new house or condo NOW would be a great time to get in the market and buy one. Here's why that's such a big deal. In November the average sale price of a 3 bedroom home in Knoxville was $155,600. This beautiful 2 story home is located in north Knoxville and priced at only $154,900. The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. All homes subject to prior sale. At a 6% interest rate and an FHA loan with the minimum 3% down you would be financing $150,900 which would make your monthly principal and interest payment $904.72. Yesterday in my office our mortgage affiliate was quoting a 4.5% 30...
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Knoxville, TN Real Estate Professionals