355 Leatha Ln NW, Cleveland, TN 37312

$5,000 appliance allowance offered at closing Exceptional value and opportunity in this spacious estate-owned home, priced at $679,000 -- well below its $835,000 tax valuation. This pricing reflects the updates needed while creating a unique chance to build equity and personalize a home in the well established Mountain Creek Subdivision. Discover the potential to create your dream home in this spacious and functionally designed residence. Offering approximately 4,144 finished square feet plus 1,260 unfinished, this 1.5-story residence features 4 bedrooms, 3.5 baths, and a partially finished basement. The home showcases a functional and inviting layout with a grand two-story foyer, gleaming hardwood floors, granite countertops, and a formal dining room with a distinctive barreled ceiling and wainscoting. The main living area features vaulted ceiling, a fireplace with a stacked stone surround and built-in cabinetry, adding warmth and character. The keeping room off the kitchen connects to the open living room allowing for easy entertaining. The keeping room features a vaulted ceiling, a 2nd fireplace (also with a stacked stone surround) and a door leading out to the covered porch facing the private back yard. There is also an additional covered porch great for enjoying your morning coffee or a quick family meal. The primary en suite is located on the main level with vaulted ceiling and a door leading to a covered porch. The en-suite bath has ample room with a double vanity, linen pantry, jetted tub, tiled shower and large walk in closet. Additional highlights include extensive trim and crown molding, architectural details throughout, dual staircases to the second level (main level and garage entry), walk-in closets, generous storage, a spacious laundry room, and a Jack-and-Jill bath on the upper level. The upper level also features a 2nd primary en suite and unfinished floored attic space suitable for conversion to office or play room. Double garage on main level and single garage door in basement The partially finished basement offers additional living space with a family room and full bath. 1,260 sq ft of additional unfinished space in the basement offers excellent potential for expansion and customization for added value making it perfect for a potential mother-in-law suite, home theater or gym. The additional garage in the basement is deep enough for a boat or several vehicles. French doors open to a patio that can be easily screened in, offering a seamless connection to outdoor living overlooking the private back yard with an abundance of wild life. Whether you're looking to create your ideal home or capitalize on a value-add opportunity, this property offers both space and potential in one compelling package. This home is being sold as-is as part of an estate sale. Buyers should expect to invest in updates and repairs; however, the pricing has been strategically set so that the total investment still positions the property below surrounding neighborhood values--making it a compelling opportunity for both homeowners and investors. Schedule your showing today and explore the potential this property has to offer.