Where is development moving to next? (Cleveland, Lafayette: sales, to rent, crime)

[N.Cal]

Originally Posted by titanspreds_04

I dont see Bellevue taking off. i think its prime is in the past and far too much of Bellevue is in a flood zone that flooded very badly in 2010.

I think Bellevue Will remain a place for people with certain budgetary constraints. I've had four different friends buy houses in the last couple of months. All were looking in the same general price range (under $150K). Three are now in Bellevue. The other is closing tomorrow for a place in Joelton, chosen because it's close to Germantown/downtown.

[nashvols]

Originally Posted by rrajbhan

I'm curious why you focus on historic housing (in 1900-1940s era)? Is it because they are ready to be knocked down or is it they have historic value?

Mainly historic value.

Look at a lot of citied (especially Midwestern) that are close to our population....much larger historic districts.


But...some neighborhoods do have problems with older/historic housing being razed for new development.

[Willie1212]

South of downtown, I would focus on: Wedgewood Houston, Chestnut Hill, the fairgrounds area, the Trevecca area, Woodbine, Glencliffe and Radnor. Understand that the only 'inner ring', urban neighborhoods that have not doubled in the last 3 years are around TSU/ Fisk. Those will come, too - eventually. Virtually all other close in city neighborhoods have been discovered...including the ones I've mentioned. JMO

[Siamese Kitty]

Originally Posted by Willie1212

South of downtown, I would focus on: Wedgewood Houston, Chestnut Hill, the fairgrounds area, the Trevecca area, Woodbine, Glencliffe and Radnor. Understand that the only 'inner ring', urban neighborhoods that have not doubled in the last 3 years are around TSU/ Fisk. Those will come, too - eventually. Virtually all other close in city neighborhoods have been discovered...including the ones I've mentioned. JMO

Willie, it seems we always concur on this. I work a lot in these areas and would strongly agree with this list.

Madison, Donelson, West Nashville (Croleywood, other areas of 37209), Miro Meadows/Stardust Acres, Inglewood, parts of East Nashville that were formerly not hot/considered EN, Belle Acres, Spence Lane area, 37211 areas east of McMurray/Huntington across Nolensville, Paragon Mills all are starting to get attention, or have been and are continuing to grow. This is obviously my opinion only.

I do think we'll see Bellevue pick up, too. It will have a lot going for it with new development and it has one of the strongest elementary schools according to greatschools.org. (Harpeth) Not sure how much, but it seems pricing has bounced back post-flood for the most part.

[Siamese Kitty]

Wanted to add that I saw one of the duplex zoned lots off of Timber Valley/Elm Hill Pike with skinny houses recently. Much of that area is zoned for two family, so I wonder if it is the start of a trend. It has a Donelson zip, too: 37214.

[Drake744]

37214 is most associated with Donelson but in reality it's huge and covers a ton of space.

[Willie1212]

Originally Posted by Siamese Kitty

Willie, it seems we always concur on this. I work a lot in these areas and would strongly agree with this list.

Madison, Donelson, West Nashville (Croleywood, other areas of 37209), Miro Meadows/Stardust Acres, Inglewood, parts of East Nashville that were formerly not hot/considered EN, Belle Acres, Spence Lane area, 37211 areas east of McMurray/Huntington across Nolensville, Paragon Mills all are starting to get attention, or have been and are continuing to grow. This is obviously my opinion only.

I do think we'll see Bellevue pick up, too. It will have a lot going for it with new development and it has one of the strongest elementary schools according to greatschools.org. (Harpeth) Not sure how much, but it seems pricing has bounced back post-flood for the most part.

Siamese Kitty, I like your additions. Especially Donelson near term. The others will happen, as well, due to proximity to town. If Murfreesboro Pike can clean up a bit (a lot!) and reduce crime...the neighborhoods along it can take off. Bellevue will start to crank it up, too. Too much going for it, particularly for Gen X's and Y's thinking about starting a fam. IMO

[One23]

This thread basicially says buy anywhere in Nashville and you'll do well. There is already a slow down in the market and you can see sellers lowering prices all over town. Something you didn't see much of earlier in the year. With the upcoming interest rate hikes in the next 1 or 2 quarters prices will stabilize. If you buy anything now, consider it a long term investment and not something to flip in a year a two. Instead of listening to someone's promise that the roughest area of the city will get better, a safer bet would be to build your cash and take advantage of the financially leveraged people in the next downturn. Timing is everything in investing.

[N.Cal]

Originally Posted by One23

This thread basicially says buy anywhere in Nashville and you'll do well. There is already a slow down in the market and you can see sellers lowering prices all over town. Something you didn't see much of earlier in the year.

Not seeing this in my neighborhood. In fact there are three new projects ready to break ground with starting prices over $400,000/unit, which is 40% over what I paid. I will be extremely happy if they get it.

[One23]

Originally Posted by N.Cal

Not seeing this in my neighborhood. In fact there are three new projects ready to break ground with starting prices over $400,000/unit, which is 40% over what I paid. I will be extremely happy if they get it.

N. Cal, you're just not paying attention to the price reductions. The most recent attached townhouses that were completed in your neighborhood both had price reductions. Like you said, you purchased in 2013 and that was a good time to buy...