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Quality of Life in Knoxville : Real Estate Advice

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  • Local Info35
  • Home Buying160
  • Home Selling34
  • Market Conditions21

Activity 4
Wed Feb 17, 2016
Miscellaneous1 answered:
I use to live in Knoxville as a 6th and 7th grader. I went to Cedar Bluff and quickly learned that Farragut was where are all the "cool" kids went to school. It was the "best" school in the area (even amongst my age group). I'm now 40 years old and looking at moving to the Farragut area from San Francisco - so that my son can go to one of the best school districts with a classic southern lifestyle.

Bearden was another area considered highly desirable for raising children.

Obviously this response is well beyond your question but it may help someone else with similar questions.
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Wed Jul 17, 2013
Steve Albin answered:
The price per square foot is the most familiar method of comparison that many people are aware of. It is such a common method of measuring a properties value that it is listed right below the sales price on the sales comparison adjustment grid on the appraisal report according to Tom Horn . What you must realize is that everything about the property is summed up in the price per square foot. It’s size, condition, features and overall appeal is reduced to this one number. Because of this it is very important that if you want to find out what homes in your neighborhood are selling or appraising for per square foot in order to estimate your own home’s value you must only use houses that are very similar to your own.

If you have a home built on a slab, and you are using the price per square foot of a home with a basement, then that is going to reduce the accuracy of your estimate because the price per square of the other home includes the value of the basement. When you multiply what it sold for per square foot by your home’s square footage it will be over estimated. This is also true when you look at a home that is a lot bigger than your own. If everything else is similar, such as features and quality, but the comparable is bigger than yours, that can also be misleading because a larger home will usually sell for less on a square foot basis when everything else is the same. As the size goes up the price per square foot goes down. It is the law of diminishing returns at work, which states that the more square footage you add the less value you get per square foot for the larger size. If you multiply the price per square foot of the larger home by your own square footage then your home will be under estimated.
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Wed May 28, 2008
Adelina Rotar answered:
Hi Terri,

According to KGIS, the school zones for that street are Christenberry Elementary, Whittle Springs Middle, and Fulton High. It's illegal for a Realtor to comment on the quality of a neighborhood, so I suggest driving by during the daytime and at night. I'd also call the local police station (call 311 and they will connect you free) to get the crime reports for that neighborhood so that you can make a decison for your family. Then, I'd probably call Fulton High and find out their graduation rate, and perhaps go visit it to make sure it will match your expectations. ... more
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