Monday, April 21, 2008

Neighborhood of the Week: Forest Heights

This week we're heading back out to West Knoxville to a little neighborhood just off of Sutherland Avenue called Forest Heights. Forest Heights is actually comprised of four individual subdivisions: Forest Hills, Forest Heights, Highland Hills and Highland Hills Addition.

The Forest Heights Neighborhood Homeowner's Association Website gives a brief overview of the history of the area:

The heavily wooded, hilly neighborhood now called Forest Heights has been a stable, attractive, and desirable residential area for over seventy years...

...Although the earliest homes of the area are from the 1920s and 1930s, most of the building is of the post World War II period. The residents of this neighborhood were and are a diverse group of people who have found the location, the natural beauty and the friendliness of their neighbors an enticement to move here, to raise their families, and often to remain and welcome their grown children back as new homeowners in the neighborhood.

As Knoxville grew, especially towards the west, and as the Interstate 40/75 was completed, Forest Heights had to adjust to the new conditions. The quiet neighborhood was bisected by still narrow Forest Heights Drive which had to bear almost constant heavy traffic to and from the Interstate overpass. To preserve the neighborhood the Forest Heights Neighborhood Association was formed in 1973. With dogged and determined courage the FHNHA successfully fought to keep the overpass down when it was demolished to allow the expansion of the Interstate in April 2001.
Forest Heights is a very picturesque area and definitely worth checking out if you like older homes and the convenience of a close-in West location but aren't crazy about Sequoyah Hills.

Here's Forest Heights by the numbers-

Forest Heights
*


Current On-Market Listings - 3
Average Asking Price: $542,933
Median Asking Price: $599,900
Most Expensive: $689,900 (completely renovated 4 BR, 3 1/2 BA, approx 3800 sq ft)
Least Expensive: $339,900 (4 BR, 3 1/2 BA, approx 3000 sq ft)

Current Pending Sales -1
Asking Price - $275,000
Details: 4 BR, 2 BA, approx 1900 sq ft

Closed Sales - Q1 2007 - 4
Average Sales Price - $198,750
Median Sales Price - $182,500
Average Days on Market - 91

Closed Sales - Q1 2008 - 2
Average Sales Price - $191,500
Median Sales Price - NA
Average Days on Market - 110

*Data taken from KAARMLS on 4/21/08 for Forest Heights, Forest Hills, Highland Hills & Highland Hills Addition, and does not include adjacent subdivisions, condos or PUDS.

If you want any more information about any of these properties, just give me a shout.

Is there a neighborhood you'd like to see here next week? Let me know in the comments.

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