Mt. Juliet’s Poplar Ridge Neighborhood Shows Strong Appreciation Through 2010

Mt. Juliet's Poplar Ridge Neighborhood Shows Strong Appreciation Through 2010

Mt. Juliet's Poplar Ridge Neighborhood Shows Strong Appreciation

Posted by Jim Wood on September 3rd, 2010

Mt. Juliet neighborhoods have been some Nashville's most resilient in home values over the last 20 years.

Poplar Ridge is a Wilson County neighborhood that illustrates this.

Located about 3 miles south of Providence on Mt. Juliet Rd, Poplar Ridge began in 1986 with the development of one of Mt. Juliet's oldest farms . The farms in that area belong to The original Suggs Creek Community, which pre-dates Mt. Juliet and was the site of one of the first Presbyterian Churches in Middle Tennessee (1806).

Monty Mires, the developer of Wilson County's Largest Country Club, 5 Oaks, and his the Mires Family were the original land owners of what is today Poplar Ridge.

Today Poplar Ridge has 204 homes with the newest having been built in 2005-2006 in Phase 4. Most homes in Poplar Ridge have at least 1/2 acre and many have up to and more than an acre. The area abounds in wild life with deer, foxes and wild turkeys abundant.

In 1986 the first homes in Poplar Ridge sold for about $80,000. Some of those homes were built by Wayne Batson, one of Nashville's most famous builders. today these some homes bring over $200,000. That's and appreciation of 150% or almost 6% per year. The national average over that period is just 3% per year.

Reasons for this appreciation can be linked to several factors.

1. Poplar Ridge has Mt. Juliet Schools especially Rutland Elementary School.

2. The community is just 5 minutes drive from a boat launch and fishing area on Nashville's largest and most pristine Lake, Percy Priest.3. A five minute drive in the other direction takes you to Providence Marketplace, Nashville and Mt. Juliet's favorite new Shopping and Entertainement Center.

Read the rest of this post at NashvilleRealEstateTalk