Home Buying in Nashville>Question Details

Sally Adams, Home Buyer in Nashville, TN

Best areas close to Vandy for $150,000 to $170,000?

Asked by Sally Adams, Nashville, TN Tue Apr 21, 2009

I want to buy a house as close to the Vandy/Belmont area as possible. I would like 2 bedrooms and 2 bathrooms. I have $150,000 to $170,000 to spend. What areas would be safe and provide the best return on my investment?

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Take a little bit of EVERYONE's advice (such as areas, zip codes, etc) and punch the info into my home search. It is literally the SAME database as what us Realtors use but for the public. Go to http://www.FranklinTNHomeSales.com and click on "Home Search". You can type in those areas, price ranges, etc. You will be able to see every home that we see in our MLS search.
I hope this helps!
Stephen Strickhausen
Keller Williams Realty
0 votes Thank Flag Link Tue Apr 21, 2009
Sylvan Park is always a great place, but homes in that area run slightly higher. You might for sure be able to find a fixer upper or a smaller house that is around 1,000 sq ft. This area is extremely close to Vandy and should give you a return on your investment. The zip code is 37209.

Crieve Hall/McMurray/Caldwell Hall is a 15 minute jaunt by interstate from Vandy, and you are very likely to find something in this area within that price range. The zip code is 37211.

Bellevue is about 20 minutes away and is all by interstate; however, back roads are available could also meet this price range. This zip code is 37221.

Also, you might be able to find something in East Nashville/Inglewood or Maplewood in this price range as well. This zip code is 37206.

Vandy is located in a very expensive residential zip code. I am currently working with two buyers looking for 1 bedroom condos and it is hard to find anything less than $180,000. Sylvan Park or Sylvan Heights would probably be your best bet for what you are looking for.

I would love to help you locate something. My phone number is 615-289-6056 and my website is http://www.mariaholland.net Check out my client testimonies under about me.
Web Reference: http://www.mariaholland.net
0 votes Thank Flag Link Tue Apr 21, 2009
Hi Sally,
I have a question for you. Do you definitely want a house or is a condo an option? And how close do you mean? Do you have a car or would you like to be able to walk or ride a bike to Vanderbilt?
0 votes Thank Flag Link Tue Apr 21, 2009
There are options and you'll face a few challenges (lots of competition for a short supply in a high demand area, for example). I have a few more questions of you to help compile a more 'pinpoint' response:

How close? Nashville is easy to get around. There are areas 10 miles away that may meet your needs as well as areas within a mile or two. A quick mls search brought up about 78 listings that might be a good place to start looking. Most of these are condos. But there are houses in the Sylvan Park, 12 South and East Nashville which might work, as well.

Is a condo an option? The immediate Vandy/Belmont area has a good supply under $200,000.

How handy are you? There are some great deals that require some work to fix up the home. Others are in townhome or condo complexes where maintenance is not an issue.

Depending on your income level, there might also be some mortgage programs available that can get you additional money for closing or better rates. Have you talked to your lender about those options?

There are also some great builder or developer incentives in the area which might be a good fit for you.

Sorry this answer brought more questions...but if you have some time and are not already working with a real estate agent, we can talk more and I might be able to put a good list together for the start of your search.

affiliate broker
bozTEAM of village real estate services
o: 615.369.3278
c: 615.715.0545
0 votes Thank Flag Link Tue Apr 21, 2009
There are not many options real close by for houses that meet your criteria. There are several options for townhomes and I think you would make a decent return because prices are low right now and will only go up as we move out of this type of market. Places like Charlotte Park, maybe Sylvan Park but probably not, would be a good place to start looking. They are not too far away, maybe 10-15 minutes. If I can help you in any other way please contact me. Good luck with your search!
Web Reference: http://www.lenadcock.com
0 votes Thank Flag Link Tue Apr 21, 2009
Your budget isn't going to stretch too far in area 2. I'd recommend taking a look at:
Sylvan Heights, The Nations, Croleywood, and Charlotte Park on the wets side.
perhaps, Berry Hill, Woodbine and Glencliff on the south side. There is also a small pocket near E.S. Rose Park (10th Ave. S., Archer, Southside, etc.) where renovations are just starting to happen - these could be a gret investment, but transitioning is ongoing.
The Park at Melrose is a new condo complex off 8th Ave. S. offering good values too.
Check out these links:
0 votes Thank Flag Link Tue Apr 21, 2009
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