Jim & Cathy Wood Greater Nashville Area Real Estate

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

Mount Juliet, TN, list Of Short Sale Properties Available.

These properties are all in Mt. Juliet, TN. Some are pre-foreclosure. Click on the property to see the asking price.

For information on any of these homes call Jim Wood @ 615-347-4424 or email us at jim@CathyWood.com

To see waht Short Sales have already sold this summer in Mt. Juliet, go to our Mt. Juliet Newsletter:

http://nashvillerealestatetalk.com/2010/08/30/mount-juliet-foreclosures-and-short-sales-for-september-2010/

Search Homes in Mt. Juliet

This past weekend Del Webb released 21 new lots for for sale in Lake Providence, Mt. Juliet TN .

20 of the lots were sold on Saturday, August 14. Crye-Leike Realtors represented 3 of the buyers. The Cathy Wood Team had 2 of those.

We had already gotten our clients on the VIP waiting list with Del Webb in Mt. Juliet beforehand. That enabled us to schedule an appointment on the release date before the general public.

Lake Providence, Mt. Juliet's Newest Homeowners

Our Clients Dan & Louise are moving to Mt. Juliet to be near to Nashville. Lake Providence is also close Dan’s family in Indiana. Louise has family here in Lebanon Tn, but they will also be within a days drive of her grand children in Michigan.

Dan and Louise picked out a gorgeous corner lot in the new Franklin Phase and they were able to get it without paying a premium! Their new home will be ready in March or April and they can’t wait.

All the geeen dots were sold on Saturday at the VIP Auction.

Having VIP status is very important when buying a Lake Providence home. As you see from this map from the Del Webb Showroom. All these homes sold before 2 PM and 6 more sold after that.

If you’re thinking about retiring to Mt. Juliet, give us a call we’ll answer your questions and show you how to get the best Del Webb home site at the best price.

Old Hickory, TN Home prices Continue to Slide.

Over the past two years we've watched the Home Prices in Old Hickory TN drop from a Median of over $190,000 down to the present level of $162,950. This chart shows the downward trend in the last year alone. During that time Old Hickory has seen 10% depreciation.

The biggest reason for the continued slide in vales seems to be the lack of new homes. Old Hickory was ahead of the curve when the first building Lots in Hunters Crossing, Langford Farms and Indian Lake Farms were being built in the 1980's and 90's.

But since then, new homes for sale in Old Hickory have been hard to find. Many of the current homes are somewhat dated and Saundersville Rd. has lost some of it's sparkle. The result is some very good bargains are now available for Old Hickory home buyers looking in the low $200,000's.

Old Hickory home buyers have the Lakeview school and Old Hickory lake to enjoy as well as some great shopping and water sports. The Donelson Y is close by too.

Look for Old Hickory home values to rebound in the later part of 2011.

Brentwood TN Homes Sales Rebound-Bonbrook Leads all Neighborhoods in Sales-

One of my clients asked for a Market survey on Brentwood Tn. He is using our MLS search Engine www.NashvilleHomeSearcher.com to look for a Luxury Home in Brentwood.

We pulled this report for high- end Brentwood TN homes in the $550,00+range. That range of homes was very quiet just 6 months ago- Not Anymore!

Read the entire article at http://nashvillerealestatetalk.com