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The Most Expensive Foreclosure in Franklin, TN

June 11, 2010 by admin · View Comments 

I was having a conversation with a colleague today who told me that she had heard of a $4 million house in Franklin that was in foreclosure. She thought that there were several homes in that price range in foreclosure and was excited about the opportunity of finding a buyer for all of these high-end foreclosures. I didn’t say anything at the time, but the high-end market in Franklin has fared rather well with foreclosures this cycle and there simply are not any current foreclosures in the MLS priced over $1,299,000 at the moment.

However, there are two short sales (not the same as a foreclosure) that are priced higher at $1,475,000 and $1,299,900. The more expensive of the two is located in the Leipers Fork area, the other is in Southern Land’s ultra high-end Laurelbrooke development. Neither of these short sales appear to be bank approved, so expect a rather lengthy and possibly arduous negotiation with the seller and their bank/lender.

The highest priced foreclosure in Franklin is a new construction home in the Echo Park development located off Spencer Creek. Regions Bank foreclosed in February on Marrero Building And & Development, LLC putting this 7,725+ square foot mansion on the distressed property market. The home has now been listed for a little over 3 months and is prime for an offer:

205 Alcott Ct, Franklin, TN 37069 (MLS # 1159279)

(all data current as of 9/2/2010)
Price $1,299,000
Beds 6
Baths 5 full, 4 part baths
Home size 7,737 sq ft
Lot Size 45,738 sq ft
Days on Market 186
Fabulous custom home with great finishes, custom design features and so much more! Large wooded homsite located on quiet 4 house cul-de-sac....you won't be disappointed! Incredible opportunity, listed below cost to build. Fantastic estate home!

Property Type(s): Residential

Last Updated 8/16/2010 Tract Echo Park
Year Built 2008 Community n/a
Garage Spaces 4.0 County Williamson
Total Parking 4

Additional Details

Association Fee 30 Bedroom 4 Dimensions 16x14
Bedroom 1 Dimensions 30x17 Bedroom 3 Dimensions 17x15
Bedroom 2 Dimensions 16x14 Den Dimensions 19x16
Dining Room Dimensions 19x14 Hobby Room Dimensions 13x10
Kitchen Dimensions 17x16 Living Room Dimensions 22x18
Number Of Stories 2.00 Other Room 1 Dimensions 15x14
Other Room 2 Dimensions 15x14 Rec Room Dimensions 21x17

Features

Appliances Other Dishwasher, Disposal, Microwave, Refrigerator
Area 10-Williamson County
Basement Description Finished
Basement Type Partial
Bedroom 1 Description Master BR Downstairs
Bedroom 2 Description Bath
Bedroom 3 Description Bath
Bedroom 4 Description Bath
Built Information New
Construction Type All Brick
Contingency Type None
Cooling Source Electric
Cooling System Dual
County Williamson County
Den Description Fireplace
Dining Room Description Formal
Driveway Type Aggregate
Exterior Features Garage Door Opener
Exterior Trim Wood
Floor Types Carpet, Finished Wood, Tile
Garage Capacity 4
Garage Description Attached - SIDE
Heating Source Gas
Heating System Dual
Hobby Room Description Other
Interior Other Ceiling Fan, Central Vacuum, Extra Closets, Storage, Walk-In Closets, Wet Bar
Kitchen Description Pantry
Listing Status Active
Listing Type Other Foreclosure
Living Room Description Fireplace
Lot Description Wooded
Master Bath Description Double Vanities
Master Bath Type Sep. Shower/Tub
Other Room 1 Description Library
Other Room 2 Description Exercise Room
Oven Description Double Oven
Oven Source Electric
Patio/Deck Covered Patio, Covered Porch, Deck, Porch
Property Sub-Type Site Built
Range Description Built-in
Range Source Gas
Rec Room Description Basement Level
Sewer System Sewer
Style Traditional
Water Source City Water

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with Bob Parks Realty

(view all details for MLS # 1159279)

Related posts:

  1. The Most Expensive Foreclosure in Brentwood, TN
  2. Short Sales and Foreclosures in the Governors Club
  3. Rolling Mill Hill Foreclosure Auction
  4. Short Sale in Brentwood’s Hampton Reserve
  5. Foreclosure Estate Home in Brentwood, TN – Hampton Reserve

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Listing information deemed reliable but not guaranteed