Short Sale in Brentwood’s Hampton Reserve

Hampton Reserve short saleWhen you think of Brentwood’s Hampton Reserve most of us think of the 2004 parade of homes and the amazing opulence of the custom built multi-million dollar homes. It was the first time that I had ever seen a full size golf simulator, wet sauna, 20 foot mahogany bar and poker room in someone’s basement. Wow. Fast forward to 2009 and Hampton Reserve is not immune to the housing downtown.

In fact, words that used to be reserved for Antioch are now common descriptors on the MLS: “motivated seller”, “lease/purchase”, “limited listing service”, “trade” and the dreaded “possible short sale”. Maybe stranger are the common place price reductions by $100,000, $200,000 and even $325,000.

The short sale home pictured above is 9576 Hampton Reserve Drive. This owners previously listed this executive home on the market in March of last year for $1,679,000 and first reduced to $1,579,000 and now to $1,295,000 which is lower than its September 2005 purchase of $1,525,000. The home has 7,782 square feet, 5 bedrooms, 5 and 2 half bathrooms and a 5 car garage. It also has other rare features like an elevator, theatre room, stocked wine cellar and gap equity in your investment.

Should you be interested in purchasing a short sale or foreclosure in Hampton Reserve, be sure to consult an expert real estate agent as well as your attorney. Grant Hammond is that expert real estate agent. He can be reached via email or via phone 615-945-7123.

In 2009 4 homes have sold in Hampton Reserve, 2 were bank owned foreclosures, 1 was a ‘motivated seller’ and 1 appears to be a clean sale. Currently there are 17 homes on the market: 1 is a SunTrust foreclosure, the other is a short sale opportunity. I suppose that it is indicative of the times, but it is still hard to stomach the news that the Governors Club and Hampton Reserve have 7 combined foreclosures and short sales on the market today.

The property featured is listed by Keller Williams Realty from Franklin, TN