A local bank has foreclosed upon a $1+ million dollar home in the Hampton Reserve neighborhood in Brentwood, TN. Brentwood is one of the most affluent areas in Tennessee and is located in Williamson County (the top ranked county in Tennessee for schools, income, quality of life, etc.). Brentwood is located 11 miles due south of Nashville and is mostly a pillow community that only features commercial development of consequence in the Maryland Farms area.
The home is a 6 bed, 4.5 bath, 4 car garage 6,921 square foot estate property that was originally sold for $1,345,000 in April of 2007. At this point, the bank is ready to move it off the books and may accept a much lower offer. We can speak individually about that number, but I believe that a clean offer with a quick close will range between $875-900k. We will need to submit written offers to the bank.
Hampton Reserve currently has 17 homes on the market ranging in price from $1.125 mil to $2.099 mil. There has only been 1 closing in Hampton Reserve in 2008 to date.
*Pictures are from before it was sold to April 2007 buyer: