Crieve Hall - Caldwell Hall - 37211 (Franklin, Brentwood: foreclosure, rentals, lenders)

[gypsy7788]

Wondering if anyone could give us some feedback on the neighborhood that is north of Blackman, south of Harding, east of Trousdale; specifically the little niche that contains Merrill, Briarwood, and Timberhill (37211). I could not find a Caldwell Homeowners Assoc (like the Creive Hall one) and just wondering if it's neighbor friendly? Are resale values in this area effected by it being in Norman Binkley elem. school vs Crieve Hall elementary? Love to hear from someone in the neighborhood or a realtor familar w/this area. Thank you!

[Marilyn Bell]

I think the home values and schools will start seeing a decline in that area. What are you looking for in a neighborhood?

[gypsy7788]

Thanks Marilyn .. we liked this neighborhood because of the "feel" we got on those immediate streets. 50'/60's well built; lots of trees; mixed ages of residents; most seem to have well kept homes/lawns; prices are decent; it seemed the closer you got to Harding road though homes weren't as well kept (not all of them, but some), maybe those are rentals. Could you tell us why you feel the area will decrease? Perhaps there is something we are missing. We researched home values on those streets and they have risen in past several years. We appreciate your thoughts.

[Marilyn Bell]

What you noticed on Harding has been slowly spreading out further and further. There are also a lot of new developments further south in 37211 intertwined with Brentwood 37027 that are attracting a lot of people who previously would have moved to the area you are talking about.

I went to school very close to that area at John Overton Comp HS which neighbors two private schools (Father Ryan and Franklin Rd. Academy). When I graduated in 1996 the entire area and going all the way east to the airport was really nice. My HS at that time had a 99% college rate. I don't have the figure now, but its very sad now. I remember when I heard I was so heartbroken.

My family has had a restaurant at Harding and Trousdale for about 15 years. It started as a Korean restaurant, turned into a Cuban restaurant, then a donut shop and has now evolved into a donut shop for breakfast and sandwich shop for lunch. I grew up very close to the area.

Yes, the house values are holding, but that is the trend with existing homes in established neighborhoods. The foreclosure mess started in all the new construction neighborhoods where builders had deals with lenders and were putting people who could not afford them into homes with only $500 out of pocket. It will be a gradual decline. Older residents in established neighborhoods don't move as often as younger people, but the people who are not lifelong residents will be leaving.

As a realtor, I have a strict code of ethics that I adhere to, so I don't know that I can give you any other reasons. However, just know that I am familiar with the area, went to high school there, and am a realtor now.