Neighborhood of the Week: Lincoln Park

This week Neighborhood of the Week heads back to the north side of town, a little ways up from downtown, but not quite all the way to Fountain City, to a small historic community known as Lincoln Park.

Lincoln Park is located just north of the Old North Knoxville and Fourth and Gill neighborhoods and is roughly bounded by Sharps Ridge to the north, Atlantic Avenue to the south, Broadway to the east, and I-275 to the west. It is very often lumped in with the neighboring community of Oakwood, and in fact there is a joint Oakwood Lincoln Park Neighborhood Association. From that association's web page:

The Lincoln Park community began as a mineral spring resort in 1899 and was probably named for the large Lincoln Park in Chicago. The original Lincoln Park school was located at Atlantic and Kenyon Aves. There were three mineral springs, Epsom, Lithia, and Chalybeate, located where the Lincoln Park Elementary School later stood. An early photograph shows a building with porches on at least three sides with a sign above saying, “Lincoln Park Mineral Springs.” The springs were enclosed so that people had to buy the water and much later were capped. The first school building was erected near the springs by Knox County. The dummy railroad line, which served the neighborhood, became part of the city’s trolley system, following annexation in 1917. Lincoln Park became a part of the city of Knoxville in 1917 along with Oakwood and several other neighborhoods.

The joint Oakwood/Lincoln Park neighborhood association is very active and even has its own clubhouse where neighborhood meetings are held and which residents can rent out for special events.

The homes in Lincoln Park have a lot of character. Many date from at or near the turn of the century and several have architectural characteristics of Victorian and Craftsman style homes. And even though it is a historic neighborhood, Lincoln Park is still quite affordable, especially compared to Old North Knox or Fourth and Gill.

So if you're looking for a charming, historic, and affordable neighborhood with a strong sense of community that is also convenient to downtown and UT, you might not have to look any further than Lincoln Park.

Note: The stats for this NOTW are only for Lincoln Park. I will be covering Oakwood in a future installment.

Here's Lincoln Park by the numbers -

Lincoln Park*

Current On-Market Listings - 7
Average Asking Price: $95,729
Median Asking Price: $89,900
Most Expensive: $115,000 (3 BR, 2 BA, approx 1300 sq ft home built in 1899)
Least Expensive: $79,500 (2 BR, 1 BA, 1100+ sq ft home built in 1930)
Middle of the Road: $89,900 (2 BR, 1 BA, 1100+ sq ft home built in 1899 )

Current Pending Sales - 3
Average Asking Price: $83,900
Median Asking Price: $99,900

Closed Sales - Jan 2008 - June 30 2008- 15
Average Asking Price - $71,627
Average Sales Price - $69,580
Median Sales Price - $65,000
Average Days on Market - 85

Closed Sales - Jan 2007 - June 30 2007- 14
Asking Price - $73,764
Average Sales Price - $71,193
Median Sales Price - $79,703
Days on Market - 72

*Data taken from KAARMLS on 8/04/08 does not include condos, PUDS, adjacent neighborhoods or multi-family units.

As always, if you want any more information about any of these properties, or if you'd like to check one of them out in person, 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 Lincoln Park Listings" or "New Lincoln Park Listings" in the subject line and I'll take care of the rest. Spam belongs in a can, not in your email inbox.

Feeling left out because your neighborhood hasn't yet been featured as a Neighborhood of the Week? Don't keep it to yourself, let me know all about it.