This week, Neighborhood of the Week heads back out to Farragut to look at a relatively new subdivision called Inverness.
Located just off of Turkey Creek Road, Inverness is a newer community – about 5 years old – that is still in the process of being built out. There are several newly constructed homes available as well as the occasional resale.
But Inverness has more going for it than being new and in Farragut. The neighborhood also features a community clubhouse, a pool, acres of undeveloped open space, and walking trails that tie in to the Farragut Greenway system.
Inverness is easily accessible via I-40, I-140, and Kingston Pike. It’s about 1/2 mile from Anchor Park and only 3 miles to all the shopping you can handle in Turkey Creek.
So if you’re looking for a new or newer home in Farragut that has easy access to a pool, parks, walking trails, and shopping, look no further than Inverness.
Here’s Inverness by the numbers -
Current On-Market Listings – 6
Average Asking Price: $326,250
Median Asking Price: $326,400
Average Square Footage: 2335
Most Expensive Listing: $382,900 (3 BR, 2 1/2 BA, 2600+ sq ft new construction)
Least Expensive Listing: $279,900 (3 BR, 2 1/2 BA, 2000+ sq ft resale)
Middle of the Road: $324,900 (3 BR, 2 BA, 2100+ sq ft new construction)
Current Pending Sales -0
Average Asking Price – NA
Median Asking Price – NA
Closed Sales – 3rd Quarter 2008 – 4
Average Sales Price – $353,234
Median Sales Price – $353,216
Average Days on Market -73
Closed Sales – 3rd Quarter 2007 – 10
Average Sales Price – $344,108
Median Sales Price – $342,717
Average Days on Market -75
*Data taken from KAARMLS on 11/17/08 for Island Home proper, and does not include adjacent subdivisions, condos, PUDS 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 Inverness Listings” or “New Inverness Listings” in the subject line and I’ll take care of the rest. Spam is just plain tacky.
Know a great neighborhood you think has NOTW potential? Let me know about it and you might just see it featured here in the coming weeks.