Nashville Real Estate Talk

5 Acres offered in Historic Mt. Juliet Community of Suggs Creek. 

Named for the Pioneer Aquilla Suggs, Suggs Creek is one of the earliest settlements in Mt. Juliet and Wilson County Tennessee.  In 1805 Wilson County authorized the building of a road between Suggs Creek and Spring Creek, connecting it to Woodrums Path rd. and from there to what is now Lebanon Rd. In 1814 the Cumberland Presbyterian Church was founded there and there remains a Church and graveyard on that spot. 

This 5 Acre parcel of the area is located less than 1 mile from Mt. Juliet rd. The land has a gentle roll to and most of the neighbors are raising horse there. 

The property is priced at $99,900. Thats very reasonable for prime building land in Mt. Juliet and the land has already been perked for a 3 bedroom home. 

Rolling 5 Acre Parcel

The Suggs Creek5 minutes from Providence

May New Home Sales Down? Not in Mt. Juliet

mt. Juliet new home sales may 2010

May sales of new homes in Mt. Juliet were actually UP by 2.5% over April.

Here are the stats:

Mt. Juliet New Homes selling at 400 unit annual rate

38 New Homes sold in May-

Now here’s April’s graph

So, 37 units in April and 38 in May. The demand for new homes in Mt. Juliet continues. All this shows is that national statistics don’t tell the whole story.  Every neighborhood is different.

Search New Homes in Mt. Juliet

We’re experts at negotiating with builders,  call us to discuss negotiating a fair price for new home in Mt. Juliet

Jim & Cathy Wood

615-481-7609

Mt. Juliet home buyers time is running out if you want to get the $8,000 Tax Rebate for buying your first home or first home in 3 years.  Or, if you qualify for the $6,500 Move up buyer incentive.

 

You must have a home under contract by April 30th

You must close by June 30th

Search The Nashville MLS

Home sales in Mt. Juliet rose in January 2010.

Mt. Juliet Homeowners have once again outdone the national Real Estate reports.

While homes around the country were dipping in value, Mt. Juliet saw increase in sales and home prices in January.

In 2009 just 23 homes sold in the Mt. Juliet area.  This year that number increased to 36!  Thats more than 33% Year Over Year (Y-O-Y).

Additionally the average home in Mt. Juliet during january sold for $245,527.  That compares very favorably with the average home sale in 2009 which was just $194,000.

The large difference is attributed to 2009 buyers being mainly ‘first-time” buyers who were spurred on by the government $8000 Tax Rebate.

Here are the actual numbers from the Nashville MLS:

Mt. Juliet Home Sales January 2009

Nashville and Mt. Juliet home buyers are facing tougher qualifying for FHA Loans.

Nashville area home buyers have been using FHA loans at a rapid clip. About 30% of local mortgages are FHA insured loans.
FHA loans allow Mt. Juliet home buyers to buy a home with as little as 3.5% down.  First time home buyers in Mt. Juliet and Nashville use FHA loans almost exclusively.

Now the FHA is changing it’s requirements for home buyers. 

1. In order to qualify for 3.5% down payment, borrowers will need a credit score of at least 580.  Those with lower scores will need to put at least 10% down.

2. Home sellers will be allowed to assist buyers up to a maximum of 3% of the home price.  on a typical Nashville home, selling for $150,000, the seller will be allowed to pay up to $4500 (3%) to the buyers closing costs and no more. Previously sellers could contribute up to 6%.

3. Home buyers putting less than 20% down will be required to pay Private Mortgage Insurance of 2.25% of the loan. That typical Nashville home for $150,000 will need $3,375 added to the loan amount to cover this insurance. Previously this would have cost the home buyer $750 less.

” This adds to the confusion, especially for first time buyers” says Tom Matthews of Home Town Loan in Mt. Juliet, ” but FHA is still the best mortgage available for the majority of young buyers today’s first time buyers.” 

FHA says these new rules will keep them solvent and increase their ability to help buyers. “No one wants to see a taxpayer “bailout” of FHA in these times”,  noted Cathy Wood, Crye-Leike Realtors, Mount Juliet. ” We had over 20 home buyers in Mt. Juliet take advantage of FHA loans in 2009 alone.”

Nashville Home Sales Rise in December after Prices Adjust (edit/delete)

Home Sellers in Nashville saw big gains at year end. In 2008 just 249 homes sold in Nashville during December. This year that number climbed to 285 Homes, a 15% increase!

December 2009 Home Sales Nashville

  The increase in the number of sales was offset slightly by a price adjustment. Nashville Homes sold in December 2009 for about 7% less than they brought in the same month in 2008. So as Nashville Homes become more affordable, they sell more quickly!

December 2008n Home Sales

The Average Price Per Sq. Ft.

In December of 2008 the average price per sq.ft. in Nashville was $122.24. In 2009 that number slipped to $112.44

Whether you’re buying or selling a Home in the Greater Nashville Area, We’re here to provide you accurate Market Research to Help you negotiate when the time is right.

One of the great things about living here in Tennessee is our local farms.

Tennessee Farmers

Tennessee has an active agricultural community committed to providing citizens with healthy & fresh vegetables, fruits, meats, cheeses, organic foods, CSA (Community Supported Agriculture), corn mazes, pumpkin patches and more. 

Check out www.tnfarmfresh.com for a list of farm producers that will sell fresh farm produce direct to home owners.  Buying local also means that you are buying green as local = lower energy input costs.  You can meet the farmer and create a relationship that will develop around trust and integrity for years to come.

  Click on www.tnfarmfresh.com and you will be on your way to providing better, fresher, healthier, local farm produce and products for you and your family while supporting a strong local agriculture.  A key ingredient to making your life in Tennessee richer. 

Gary Rabideau, Realtor/Farmer

Article contributed by Gary Rabideau, Realtor

The latest Harris Poll, released Oct. 5, reveals that Americans consider Tennessee and Nashville among the best places to live!

Nashville Skyline

The Harris Poll named Tennessee # 9 of all states, behind Hawaii, California and Florida.  Nashville was Voted the #12 City for best places to live.

This is not the first time that Nashville has been in the top 15 of the annual report, but it’s good to know we are still in there while many cities like Chicago and Kansas City have dropped off.

Use thios link to read the articale at Harris Polling, http://www.harrisinteractive.com/harris_poll/pubs/Harris_Poll_2009_10_05.pdf

As the owners of NashvilleHomeSearcher.com we see the numbers of people who are looking to move to Tennessee and especially Nashville, every day.   If you live here now, consider how fortunate you are. And if you considering a move, you won’t go wrong with relocating to Nashville, Tennessee.

Classic Ranch Home on walking Street near Cumberland University

This 3 bedroom, 3 bath home is in Lebanon’s classic Greenfield neighborhood, just two blocks from Cumberland University, the public library, Pixie School and shopping.

The neighborhood is famous for walking in the evening.  Homes in Greenfield are priced between $150,000 and $500,000.  The home next door to this one has been appraised for over $300,000.

One of two fireplaces in the home

The home features Hardwood floors throughout, however they have been concealed under carpets.  All the bathrooms have ceramic tile,  The home has over 2,000 sq. ft.  There is a beautiful den with a second fireplace.

Gorgeous second fireplace in den

The home has 3 large bedrooms , all with large closets.  There is a formal dining room as well.

Master suite has private bath

Formal Dining RoomThe home comes with all appliances, as well as a nearly new washer & Dryer.Master suite with private bath

The garage also has a workshopThe view from the back yard

We’re always getting requests from people looking for “At least 5 Acres and a Basement Home”.  We have to tell our clients those homes are hard to find, not the acres, but the basement.

Modern RV Barn includes 3 unused Horse Stalls

Well, here it is.  This 5 Acre Ranch has been remodeled, The kitchen has all new Cabinets and appliances, all rooms have beautiful oak Hardwood floors in mint condition, there are designer colors throughout, a large covered deck on the back of the house and roof is new.

One of two entrances to this Mini Farm

The full basement has a Party room with wet bar, Large Laundry room  and a garage. 

The Huge modern barn has an over-sized RV door, plus two others, almost 40 ft. deep it can accommodate multiple vehicles. The previous owners used one side for stall where they kept 3 horses.

Driveway from the house to the road below

The 5 acres include pasture at the very back and wooded areas with walking trails.

This property is a must see if you are looking for the classic Mini-Farm like so many of the people moving to Tennessee for a better lifestyle.

Master Suite has walk-in closet, fireplace and Hardwood floors

For more info, call Jim & Cathy at 615-347-4424.

Formal dining room, once again with Hardwood floors

Walking and riding trails through the wooded areas