Center the rug with the fireplace. Take the bookcase out of the left corner of the room and put that in the space between the kitchen and FR, where the console table now sits. Move the sectional down toward the fireplace, (after centering the rug), add an end table to the outside of the chaise part of the sectional. Someone sitting there wonâÂÂt want to move to get a drink off the coffee table. Be sure there is a lamp there as well, to light that corner of the room. Move the armoire to angle in the corner where the sectional was sitting originally. Use it for storage, perhaps add shelving or even a pull-out shelf for a computer center which can be closed up and put away. The piece is very nice, and gives good height to balance the fireplace and high ceilings. For now, try the console on the wall to the right of the fireplace, and place the new flatscreen on that. Later you may prefer a more substanial cabinet, which can hide other components and store DVDs, etc. If you do that, then try the console table behind the part of the sectional that has its back to the kitchen. Add a comfy upholstered chair in the corner, a bit closer to the fireplace, where the armoire was, along with another small side table and lamp.

Dimensions?

You're welcome, my pleasure. I mentioned wall mounting tv on an angling arm, and there are various types of arms available, depending on your needs. 'TV extension arms' would extend the tv out to mitigate the distance, these arms are also available with varying angling capabilities One example: [https://www.houzz.com/products/pdx650-full-motion-mount-for-37-75-tvs-black-prvw-vr~29971748[(https://www.houzz.com/products/pdx650-full-motion-mount-for-37-75-tvs-black-prvw-vr~29971748) This mount would extend tv out about 2 feet, and is pretty streamlined, with tv being able to sit 2'' from wall when mount is pushed back, so that's a nice feature. Just one example, and there are arms that extend out further than this one, lots of options available to suit your specific needs. I like the idea of wall mounting tv on an arm - but another good option could be using a mobile tv console, and if you like industrial styling, at all - there are a ton of wheeled options, in that style category, alone. So with either wall mounting on extension arm, or using a mobile console, your boys should be able to move the tv, versus having to move their seating... although, they could do a combination of both - if it's more comfortable, etc. I love that second light fixture, also. So many fun styles in the Sputnik type of design. :)

Any reason in particular why you are keeping the tv over the fireplace? That must be over 8' high. That's some serious neck strain. I would probably recommend a similar layout to the previous owner. It has lots of seating, divides the entry from the living area. The window looks fine with current shutters. If you do not have furniture, start with the rug first. Find one large enough for the room. Use the colors in the rug to guide you for picking out furniture. Artwork and other wall decor can come later once you have the basics. You could always put the tv on a stand to the left of the fireplace. Have fun.