Home Buying in Nashville>Question Details

V. C., Home Buyer in Idaho

We are considering moving to Nashville, need recommendations..

Asked by V. C., Idaho Fri Aug 22, 2008

We lived in Cheatham county for about 3 years prior to moving out of state. I keep looking at real estate, and not sure what we are looking for exists for the price range we can afford.

What we ideally want: Safe and quiet area, at least 1,800 - prefer up to 2,500 sq ft of living space, priced from 120k - $200k - the lower - the better. Close proximity to Baylor and Baptist, close to downtown.

Suggestions? Are short sales and f/c a way to go?
What specific areas to consider, and which ones to stay away from?

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Hey Vladimir,

As Realtors, we can't tell you what areas to look in or even what areas to avoid, but I would think that your price range is going to dictate what areas you can afford. At that pricepoint and size for a home, closer to downtown, you are going to have to do quite a bit of work and you might still find the neighborhood undesirable. As for a condo, closer to downtown, you can find a few under the $200K mark, but only one that I know of is new construction, the others would require some work and are between 1100 and 1600 sq ft.

If your search criterian are not flexible, you still have a few options, but they are limited. If you don't mind being 15 min from downtown, your possibilities are much greater. It really is going to depend on which is your most important requirement for your new home. If price and location are most important, than perhaps the size could be flexible. If size and price are you biggest concerns, then they can be met by looking further out away from downtown. But if size and location are mandatory, then price will be your factor.

I agree with the previous response. Short sales and Foreclosures are still out there, but the banks are becoming more and more difficult to deal with. The deals are still there, but they are not always in the neighborhoods you would prefer.

Hopefully a 'Welcome Home' will soon be in order and if I can be of any help to you all with your search, please feel free to contact me.
0 votes Thank Flag Link Fri Aug 22, 2008
For real estate purposes, Nashville is divided into 8 areas. Here's a breakdown of what is available in your desired size and price. These numbers are only for homes with a "Nashville" specific single family home address (no condos).

Area 1 = 63 (southeast of downtown)
Area 2 = 7 (southwest of downtown)
Area 3 = 8 (west of downtown)
Area 4 = 17 (northwest of downtown)
Area 5 = 25 (north of downtown)
Area 6 = 40 (northeast of downtown)
Area 7 = 23 (east of downtown)
Area 8 = 46 (southeast of downtown)

Obviously, most of your options fall southeast of town in areas 1 and 8. Since you are familiar with Cheatham County, Area 4 falls closest to that area. There are some amazing subdivisions that have sprung up in an area called Eaton's Creek. You can be at Baptist and downtown within 10 minutes from there and you'll find everything from ranch-style homes to new construction.

Area 1 and 8 have such generous stocks because the cost of living matched with the supply create many options for you. Area 6 has been very popular among urbanites for its extreme proximity to downtown and multiple major roads that funnel into the city. Many parts of area 6 have seen a renaissance since the mid 90s.

Area 2's affordable homes are quite rare, obviously from the statistics. Area 3 has many homes in your price point, however the homes tend to be smaller in Area 3 due to most of dense stock is very close to downtown, also.

Areas 4 and 5 offer a lot of wide open spaces. Whites Creek (in area 5) feels like you are out in the country when in all reality you can be in downtown in 5 minutes from many areas of 5. Area 7 can be a challenge for quick access to Baptist and downtown due to its geography with the Cumberland River. Areas 7 and 8 will challenge your commute times for your location needs.

Ultimately, the message to take home is you have tons of options in Nashville. When you decide to come to town, you'll need to be shown a sampling of the best of your options in all areas in your first two days. Then I would encourage you to take a few days to drive the neighborhoods at night, talk to the residents and investigate the crime statistics. Once you know more about the areas offering the most attractive products, have your agent show you the best 10 homes in each area.

It may seem like a big task, but with good research and a knowledgeable agent, it'll be a breeze in Nashville! We're glad you're coming home!
4 votes Thank Flag Link Fri Aug 22, 2008
Lots of great homes in and around Nashville. One of the members of our team, Diane O and Friends, is from Idaho so I am sure you two will have lots to talk about. Gettting back to your questions, the Middle TN area is divided into areas and I would suggest that you concentrate on areas 1 & 2 . They will have the most homes in your price range. Regarding short sales and foreclosures, they are not really that "good of a deal." They can take up to 3 months to get answers from the lenders just on your offer, never mind closing. Most times we can get you a better deal with just a conventional seller who needs to sell. Give me a call at 615-406-2184 or email me at dianeintn@bellsouth.net and I will set you up on my free search program and we can get your started looking for your new home.
0 votes Thank Flag Link Sat Feb 14, 2009
You've gotten some great answers here. I have a "neighborhood" section on my website that makes researching specific areas a little easier. Check it out at the link below and let me know if you find it helpful.
0 votes Thank Flag Link Wed Feb 11, 2009
Hope Gardens in North Nashville has some beautiful homes! Diane O is a great REALTOR! All the best with your home search and move, do it now before it gets too expensive to live close to downtown!
Cheers,
Ross Rylance
Keller Williams Franklin TN
0 votes Thank Flag Link Tue Feb 10, 2009
A short sale is one way to go, but if you are looking for a quick close then this is not the answer. Many times folks lock in their mortage rate for 30 days and we still have not heard back from the bank if the offer is excepted. In many cases you are not "getting a deal" because the bank needs to recop more then the value of the house. Sign up at my website and we will get you enrolled into our automatic notification program that will find properties matching your search criteria. Check us out at DianeOandFriends.com.
0 votes Thank Flag Link Thu Jan 29, 2009
Vladimir,

You are probably still deciding at the move, so thought I would send you some ideas......Cheatham County is still getting more popular and can be just 30 minutes from the West End area...my clients just love this county...2500 sf will be difficult to get under $200,000 in most areas surrounding Nashville.....

Kingston Springs in Cheatham County

http://www.realtracs.net/Search/Residential/QuickSearch_Resi…

Area 2 - Bellevue-Closer than Kingston Springs

http://www.realtracs.net/Search/Residential/QuickSearch_Resi…

Area 7- Donelson, Hermitage

http://www.realtracs.net/Search/Residential/QuickSearch_Resi…

Laura @ 615.977.9088
615.371.2474
Pilkerton Realtors
Web Reference: http://www.Laura-Scott.com
0 votes Thank Flag Link Sun Sep 14, 2008
hey vladimir-

are townhomes or condos an option? 1800 square feet for under $200k in that area is probably a little ambitious. i'm happy to send you contenders of what you could get for that price in close proximity to baptist.
foreclosures are a good way to go but a lot of buyers are looking for them (thanks to the media) so in some cases, banks seem to be holding out for good offers lately i'm noticing. plus, you get what you pay for sometimes too. hire a good inspector to see what you're getting into.
nashville is a great place to live though. if i can help you find the right place, let me know!
0 votes Thank Flag Link Fri Aug 22, 2008
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