East Nashville’s Cleveland Park and McFerrin Park shattered the $300,000 price point for the first time in 2013. In a neighborhood where the average sales prices have been well below $100K for decades, could this be proof that East Nashville’s last secret is no longer quiet?
Prior to 2013, the highest price point brought in East Nashville’s 37207 Cleveland Park and McFerrin Park was 807 Stockell Street for $249,000 in February of 2008 and 1101 Lischey Street for $259K in April 2007. Additionally, only 15 homes in the MLS history of Cleveland and McFerrin had closed for over the $200K price point. Keep in mind, several have been listed and marketing for above $200K, but only those 15 closed on the REALTOR MLS.
Since January 2013, 14 homes have closed strongly over the $200K price point, that’s almost the entire history of the neighborhood’s $200K closing for its lifetime!
And those $200K+ homes have brought impressive prices. 317 Hancock has set the record for the highest close in June 2013 for $301,500. Other notable closings include 700 N 2nd ($285K), 242 Treutland ($275K) and 824 N 2nd ($265K).
Currently, five homes over the $200K price point are under contract in the neighborhoods including 812 N 5th at $289,900. 1104 Stockell has appraised for 1523 sq ft at $224K and is set to close by month’s end. That will boost the price per square foot to roughly $145/sq ft for comparative purposes.
If you’ve been looking for a great window of time to sell, here you go! Do you want to know what your house could potential sell for now? Shoot me an email at firstname.lastname@example.org or call me, Brad or Megan at (615) 763-4010. You can see who we are and why we love CPNA and MCNA so much in the video above!