How Nashville West End Summit Became Lake Palmer
Welcome to beautiful Lake Palmer located in the Midtown district of downtown Nashville. But, wait a second, is this a natural lake? Not exactly, it is what is left about Alex Palmer put the brakes on his West End Summit project.
Buying a Condo in the Encore Condos?
You do not want to be the person who paid $139,885 more for the exact same 2 bedroom floor plan than the person 3 floors below you. This is a real example. This actually happened and I have the data to prove it.
9 Against, 29 in Favor of New Nashville Convention Center
The Metro Nashville City Council has voted 29 to 9 to move forward with funding the new $585 million downtown Nashville convention center also known as the Music City Center. Read the full story and get the inside details...
Short Sales and Foreclosures in the Governors Club
The Governors Club short sale home is 4 Spyglass Hill. This property was previously listed on the market this May for $1,398,000, but is now reduced to $999,000.
Ireland Street Townhome for Sale $229,900
The Ireland Street Townhomes offer owners a unique view of downtown and excellent access to Historic Germantown at a fraction of the price. These townhomes are rated as excellent investments as they lease quickly.
Rare Foreclosure in Belle Meade
The downturn in the economy has reached the Belle Meade area of Nashville resulting in a foreclosure of a 3,250 square foot renovated home. The home was originally built in 1940 and is located in the Highlands area of Belle Meade at 308 Page Road. The Kemps had purchased this property for $581,830 on 2/11/2005 and is currently appraised for $640,100 by the Davidson County Tax Assessors office. The... [Read more about this property...]
Williamson County is one of America’s Wealthiest Counties
Forbes outlined the 25 wealthiest counties and interestingly enough, the east coast dominates the list and shows that the urban areas are not where the biggest paychecks are landing in the new decade. Ah, but look who else is climbing up the list…Williamson County. Thanks to a healthcare business that continues to grow and a stable executive base, Brentwood and Franklin are leading the charge up... [Read more about this property...]
Don’t Believe the Nashville Real Estate Hype…Yet
I have read either this exact sentence or a very close derivation of it about a dozen times since the Greater Nashville Association of Realtors (GNAR) published the February 2010 home sales results: “Home sales are already at a frenzied level in the first month of the year so you better hurry! Inventories are at historic lows and interest rates are great.” I suppose I shouldn’t be surprised... [Read more about this property...]
Video: 10 Biggest Mistakes Home Sellers Make
Most of you know that I am not the type of real estate agent who typically reposts and regurgitates a bunch of videos, but I have to make an exception. This video is very well done, points out all of the obvious mistakes that some sellers continually make and is entertaining all at the same time. That is not an easy feat. Takeaway: In a less than favorable market for sellers, it is even more important... [Read more about this property...]
Warren Buffett Predicts End of Housing Crisis
According to Bloomberg News, Billionaire Warren Buffett said the U.S. residential real estate slump will end by about 2011, predicting that’s how long it will take demand for homes to catch up with the supply. “Within a year or so, residential housing problems should largely be behind us,” Buffett wrote on February 27 in his annual letter to shareholders of Berkshire Hathaway Inc. “Prices will... [Read more about this property...]
Jimmy Franks Sells Franklin Mansion to Kenny Chesney
I realize that the sale of the mansion known as Bella Luce (Italian translation is ‘beautiful light’) is old news, but I need to congratulate the builder who spec built this world class Tuscan estate, Jimmy Franks. Most of you know Jimmy Franks as the co-founder of Tennessee Valley Homes, but most do not know that he spec builds such massive works of art…and risky works of art at that. Jimmy’s... [Read more about this property...]
20 Most Miserable Cities in the US for 2010
This year Cleveland takes the top ranking of America’s Most Miserable Cities after being ranked 4th in 2009. Cleveland secured the position thanks to its high unemployment, high taxes, lousy weather, corruption by public officials and crummy sports teams. Stockton, CA topped the list in 2009. Forbes expanded the list of cities under consideration this year to include the 200 largest metropolitan... [Read more about this property...]
What’s Wrong with Hampton Reserve in Brentwood?
I’m not sure that anything is wrong with Hampton Reserve, but there is certainly something wrong with the high end housing market in Brentwood…BUT, that’s only if you are a seller. If you are a buyer who has always wanted a McMansion in a gated neighborhood, break out the drool bib because your day has cometh. Currently, of the 16 houses for sale in Hampton Reserve, 5 are on the distressed market... [Read more about this property...]
A Few Favorite Nashville Foreclosures & Short Sales
For those of you who missed out on the incredible 1 bedroom condo foreclosure in the Encore (the first ever) or the record setting one in the Enclave (all time record), I thought that I might share a couple of my current favorites: Short sale in the Icon in the Gulch – this is one of the very first distressed sales in the Icon and it’s priced fairly well. The condo is #1004 and is a Horizon... [Read more about this property...]
John Rich Buys Seanachie Irish Pub in Nashville
Country music superstar John Rich and business partner Phil Martin, have purchased the Seanachie Irish Pub building in downtown Nashville. The building, located at 329 Broadway is pending renovations as the group is currently in the process of acquiring building permits, submitting plans and the like. While I have not been able to confirm the purchase price, I was told that the number was in the neighborhood... [Read more about this property...]
My Favorite Banned and Aired 2010 Super Bowl Ads
While you can plainly see why this first ad was banned, It’s still super funny and sadly relevant. I have at least 3 friends who still say “it’s in the hole” right when they strike a 90 foot, double breaking, downhill put on a concrete green…(Warning, not suitable for the kiddos) Favorite 2010 Super Bowl Ad that Aired This commercial aired in the second quarter of the Super Bowl, I am still... [Read more about this property...]
5 Best Condo High-Rises in Nashville
The Adelicia – The finishes, floor plans, design, construction materials and location all speak for themselves in this building. Famous residents like Simon Fuller and Taylor Swift have only added to its reputation (and price). The Terrazzo – The finishes are perhaps the highest end in Nashville, but its Interstate location and lack of views knock this building down a notch. The Terrazzo is Nashville’s... [Read more about this property...]
Convention Center Hotel Site Comes Back Home
According to the Nashville Business Journal, A Davidson County Circuit Court judge has ruled that the MDHA has the right to take a 5.7-acre parcel from Tower Investments for the Music City Center convention hall project. Clearly, this is a massive legal victory for the new convention center as the Tower Investments parcel of land represents the best location for the center’s hotel. As you may recall,... [Read more about this property...]
May Town Center Development Chatter Resumes
Today, Tennessean reporter Nate Rau, wrote an article explaining that Metro Council discussions of the decidedly utopian 500 acre West Nashville May Town Center development could be revived as early as March. Councilman Matthews, whose district includes the potential site, is considering putting the development proposal on a March public hearing agenda. The Councilman was quick to point out that the... [Read more about this property...]
Embattled 5th & Main Condos Earn FHA Approval
The 5th & Main condo project in East Nashville, the first large condo project to enter receivership in February 2009, has received approval to issue FHA insured loans (according to the HUD website). The project has qualified under the new, lower FHA guidelines that only require a project to be 30% presold in order to qualify for the government backed loans. The FHA loan concentration has also been... [Read more about this property...]
9 Against, 29 in Favor of New Nashville Convention Center
The Metro Nashville City Council has voted 29 to 9 to move forward with funding the new $585 million downtown Nashville convention center also known as the Music City Center. The financing package approved by council tonight allows for a maximum of $650 million. That covers both the price of the project and financing costs such as the establishment of a $40 million debt service reserve fund. The... [Read more about this property...]
Mortgage Rates Lower, Stable in Q1 2010
The average interest on long-term mortgage rates fell this past week, after rising for four consecutive weeks. Freddie Mac reports that 30-year fixed mortgage rates averaged 5.09 percent, down from 5.14 percent a week ago and compared with 5.01 percent in 2009. Also, 15-year, fixed loans fell 0.4 percent to 4.5 percent; five-year adjustable-rate mortgages were unchanged; and one-year ARMs declined... [Read more about this property...]
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About Me
Grant Hammond is the foremost downtown Nashville real estate market expert and condo guru. Having represented more than 125 individual pre-construction condo buyers in just the past 3 years, he has the expertise and connections to secure deals on Nashville real estate. Hammond has guided more than $215 million in real estate deals since 2002. Hammond holds a Tennessee broker license, an ABR and e-PRO designation and has received more than 27 real estate awards.
Call Grant 615-945-7123 or email Grant
If you're so smart, you tell me!
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