Nashville Real Estate Talk

Mt. Juliet Little League Park is nearby

Stonehollow Mt.Juliet Neighborhood With A Future-

Back in 2005 A few local Mt. Juliet builders like Eastland Construction and McCain Builders began building homes in what became Stonehollow sub-division along Curd Rd. 

New Construction in Stonehollow

That was just a quiet back street connecting Lebanon Rd. on the North and Mt. Juliet Rd. on the West.

Cut to 2010 and Curd rd. is now the gateway to what is fast  becoming East Mt. Juliet.

Everyhthing along Curd Rd. began to change when the State added the new intersection at Beckwith Rd. and I40, Beckwith is a continiaution of Curd Rd.

Then the County decided to place the new Mt. Juliet High School on the bluffs above the same road.

The city added the Mt. Juliet Soccer fields along the same road and then added a new bicycle path too.

Then Curd rd. was widened and extended across Lebanon road right into Benders Ferry road, making for a convenient drive right to Old Hickory Lake and the boat ramps there

Stonehollow Mt. Juliet homes currently bring about $106 per sq.ft.

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

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

Poplar Ridge is 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 histhe 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. 

Currently Available in Poplar Ridge

4. Commuting to Nashville via I40 is a breeze , so is Nashville Airport and the Music City Star Commuter line as well. 

Music City Star rolls into Mt. Juliet from Nashville Downtown

Music City High Speed Rail Commuter Rte

Percy Priest Lake

Search Poplar Ridge Homes

Learn more about Mt. Juliet

Contact us: Jim – 615-347-4424

THDA today lowered their rate to 4.2%. THDA is the provider of over 80% of all loans to first time home buyers in Tennessee. This is a major breakthrough

Major news for First Time Buyers

 Mount Juliet Foreclosures and Short sales for September 2010.

Here is the avialble list as of August 29, 2010. Click on Property to see price.

If you would like more info on any of these properties please call us at 615-347-4424 or email Jim@JimWood.net.

Mt. Juliet List of Short sales & Foreclosures

We’ll be having an open house this Sunday in the Heron Walk neighborhood.  The home has 3 bedrooms and 2 baths, a one car gargae and is in wonderful condition. The price is $114,900

I hope you’ll come and meet us this Sunday between 2-4PM.

at: 1104 sea Grove Pt.

Madison TN , 37115,

Directions:  take i-65 N. to Old Hickory Blvd. Exit , Madison, Turn Right, , right again on Gallatin Rd., left on Neeleys’ Bend, straight on Neeley’s bend to Cheyenne, left on Cheyenne, left on Shawnee, left on Santa Maria cove, left on Sea Grove Pt., house on Right.

See you there.

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.”