Monday, June 16, 2008

Neighborhood of the Week: Fox Den

This week Neighborhood of the Week makes the trek back out west to one of the most swingin' golf communities in Knox County - Fox Den.

Located in Farragut, Fox Den is more or less the 70s version of Gettysvue - an upscale golf and country club community that was considered by some back in the day to be the most prestigious neighborhood in west Knox County. It's still pretty swank, and many folks are still willing to pay for the privilege of calling Fox Den home.

Other than age and location, Fox Den differs from Gettyvue in three key ways: lot sizes (bigger), architectural styles (groovier) and prices (lower). Most of the homes were built in the 70s and 80s, and although some still sport custom features like sunken wet bars and sunken avocado green jacuzzi tubs, most have since been updated to 21st century standards. These remodeled homes go for top dollar, while fixer uppers usually go for much less, making comps a tough thing in Fox Den.

So if golf is your game, but you find the Gettysvue price tags a little hard to swallow, Fox Den might be a great choice for you.

Here's Fox Den by the numbers -

Fox Den*

Current On-Market Listings - 18
Average Asking Price: $636,756
Median Asking Price: $586,500
Most Expensive: $1,189,900 (5 BR, 4 1/2 BA, 7000+ sq ft on estate sized lot)
Least Expensive: $317,000 (3 BR, 2 1/2 BA, 2100+ sq ft on Fairway #6)
Middle of the Road: $574,000 (3 BR, 3 1/2 BA, 3400+ sq ft completely remodeled)

Current Pending Sales -0
Average Asking Price: NA
Median Asking Price: NA

Closed Sales - Q1 2007 - 1
Average Asking Price - $529,900

Average Sales Price - $435,000
Median Sales Price - NA
Average Days on Market - 83

Closed Sales - Q1 2008 - 2
Average Asking Price - $362,450
Average Sales Price - $308,070
Median Sales Price - NA
Average Days on Market - 176

*Data taken from KAARMLS on 6/016/08 does not include adjacent subdivisions, condos, PUDS, or multi-family units.

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

If you would like to receive a full list of properties for sale in this neighborhood, or if you would like to be notified of new listings, send me an email with either "Current Fox Den Listings" or "New Fox Den Listings" in the subject line and I'll take care of the rest. No spam or sales pitches, never, ever, ever.

Know of a great community that would make an equally great NOTW? Let our voice be heard in the comments.

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