This week, Neighborhood of the Week revisits one of West Knoxville’s oldest neighborhoods, which also happens to have a lot of Cool Homes You Can’t Afford in it: Sequoyah Hills.

Located off of Kingston Pike just a few miles west of the University of Tennessee campus, Sequoyah Hills sits in a bend of the Tennessee river and is known around town for its large, tree-lined main boulevard, its gorgeous lake views, its awesome parks, and its very expensive homes.

Sequoyah Hills proper dates back to around 1920 and the Kingston Pike Sequoyah Hills Association has a prettythorough history of the development of the area from that time to present.

Like many neighborhoods that are developed over several decades,  Sequoyah Hills is very architecturally diverse. Styles include everything from English Tudor, English Cottage, and American Colonial to fifites and sixties ranchers, contemporary Frank Lloyed Wright inspired homes, and newer traditional homes.

Much like Holston Hills to the east, construction of larger homes came to a halt at the start of the Great Depression and homes built during and after the war tended to be more modest cottage style homes, so home sizes – and prices -  are also quite diverse in the neighborhood.

Sequoyah Hills is home to the George Berber designed Sequoyah School (now a public K-5 school), the Sequoyah branch of the Knoxville public library, Sequoyah Hills Presbyterian Church, Blackbird Coffeehouse, Sequoyah Hills Park and the Sequoyah Greenway.

Sequoyah Hills is easily accessible via Kingston Pike and I-40 and is a 5-10 minute drive to downtown or UT campus.

So if you’re looking for a historic home in a fairly self-contained community on the west side of town and have a good bit of money to spend, Sequoyah Hills might be a good place to hang your hat.

Here’s Sequoyah Hills by the numbers -

Sequoyah Hills*

Current On-Market Listings – 44
Average Asking Price: $830,211
Median Asking Price: $661,500
Average Square Footage: 3825
Most Expensive Listing: $3,389,000 (6 BR, 4 BA, 3 half bath, 7700+ sq ft on 1.3 acres)*
Least Expensive Listing: $219,900 (4 BR, 2 BA, 1700+ sq ft Bruce McCarty Home)
Middle of the Road: $1,100,000 (5 BR, 4.5 BA, 4300+ sq ft Italian Renaissance home on Cherokee Blvd)

Interesting side note: Both the most expensive and  the least expensive homes were on the market the last time I covered Sequoyah Hills on NOTK, a little over a year ago. The most expensive is still listed at the same price, while the least expensive has had a $29,000 price reduction.

Current Pending Sales -1
Asking Price – $399,500
Details – 3 BR, 3 BA, 2200+ sq ft built in 1950

Closed Sales – 3rd Quarter 2009 – 12
Average Sales Price – $416,792
Median Sales Price – $336,250
Average Days on Market -84

Closed Sales – 3rd Quarter 2008 – 9
Average Sales Price – $594,722
Median Sales Price – $398,000
Average Days on Market -133

*Data taken from KAARMLS on 11/24/08 for Sequoyah Hills 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 Sequoyah Hills Listings” or “New Sequoyah Hills Listings” in the subject line and I’ll take care of the rest. Spam is not where it’s at.

Have I missed your neighborhood? Let me know about it and you might just see it featured here in the coming weeks.

I owe you guys an apology. These past few months, I’ve been so busy selling you homes that you actually can afford, that I’ve totally neglected to blog about all of the cool homes you can’t afford. Lame, right? Well, today is the day I finally get my priorities back in order and get some high dollar Knoxville real estate back on AAKT.

But before we start drooling over luxury homes, let’s take a quick look at some basic Cool Homes You Can’t Afford stats  -

Homes Currently Listed in Knox Co. for $1,000,000+ – 90
Average square footage – 6184
Average bedrooms – 4
Average bathrooms -4 1/2

The most expensive home listing currently on the market in Knoxville is this 12,000+ sq ft, 5 BR, 5 full bah, 4 1/2 BA home that I highlighted in the very first edition of CHYCA way back in April. I guess the $4,375,000 price tag is a little steep for most folks, not to mention the $13,000+ in annual county taxes.

The low man on the CHYCA totem pole is this 4 BR, 4 BA, 4000+ sq ft new construction plantation style home in The Battery in Farragut. According to the listing sheet the private gate is optional. Sweet. Asking price: $1,075,000.

And now for a few of my personal faves -

Let’s start with this 4 BR, 3 full bath, 2 half bath, 4100+ sq ft home with lake and mountain views on 5+ acres on Maloney Rd. Luxury features include slate roof, walnut paneled walls, and curved staircases. Asking price: $1,200,000

Or if you prefer something a little newer, there’s this 5 BR, 4 full bath, 3 half bath, 6500+ sq ft home on Lyons Bend that includes its own saline pool and  stocked fishing pond with dock. Asking price: $2,395,000

If historic homes are more your bad, check out this 4 BR, 3 1/2 BA, 4100+ sq ft classic Mediterranean style lakefront home on Cherokee Blvd in Sequoyah Hills. The home is 78 years old and has been completely renovated with all new baths and gourmet kitchen. Asking price: $1,895,000

Wanna live across the street from Bruce Pearl? Then this 6 BR, 7 1/2 BA, 8000+ sq ft home in Gettysvue would be perfect for you. Features include swimming pool & pool house; elevator; piano room in turret; and wine cellar. Asking price: $1,999,000

Well, that’s all for this edition of Cool Homes You Can’t Afford. If you see anything here that you just have to have for Christmas, you know which of Santa’s little helpers to call. And yeah, I’d even put on an elf hat to make that sale.

© 2008 Robert Stockdale Photography, All Rights Reserved.

This week, Neighborhood of the Week revisits one of West Knoxville oldest and finest neighborhoods, Sequoyah Hills.

Located off of Kingston Pike just a few miles west of the University of Tennessee campus, Sequoyah Hills sits in a bend of the Tennessee river and is known around town for its large, tree-lined main boulevard, its gorgeous lake views, its awesome parks, and its very expensive homes.

© 2008 Robert Stockdale Photography, All Rights Reserved.

Sequoyah Hills proper dates back to around 1920 and the Kingston Pike Sequoyah Hills Association has a pretty thorough history of the development of the area from that time to present.

Like many neighborhoods that are developed over several decades,  Sequoyah Hills is very architecturally diverse. Styles include everything from English Tudor, English Cottage, and American Colonial to fifites and sixties ranchers, contemporary Frank Lloyed Wright inspired homes, and newer traditional homes.

Much like Holston Hills to the east, construction of larger homes came to a halt at the start of the Great Depression and homes built during and after the war tended to be more modest cottage style homes, so home sizes – and prices -  are also quite diverse in the neighborhood.

© 2008 Robert Stockdale Photography, All Rights Reserved.

Sequoyah Hills is home to the George Berber designed Sequoyah School (now a public K-5 school), the Sequoyah branch of the Knoxville public library, Sequoyah Hills Presbyterian Church, Blackbird Coffeehouse, Sequoyah Hills Park and the Sequoyah Greenway.

© 2008 Robert Stockdale Photography, All Rights Reserved.

Sequoyah Hills is easily accessible via Kingston Pike and I-40 and is a 5-10 minute drive to downtown or UT campus.

So if you’re looking for a historic home in a fairly self-contained community on the west side of town and have a good bit of money to spend, Sequoyah Hills might be a good place to hang your hat.

© 2008 Robert Stockdale Photography, All Rights Reserved.

Here’s Sequoyah Hills by the numbers -

Sequoyah Hills*

Current On-Market Listings – 37
Average Asking Price: $750,673
Median Asking Price: $579,000
Average Square Footage: 3825
Most Expensive Listing: $3,389,000 (6 BR, 4 BA, 3 half bath, 7700+ sq ft on 1.3 acres)
Least Expensive Listing: $248,900 (4 BR, 2 BA, 1700+ sq ft Bruce McCarty home)
Middle of the Road: $558,000 (4 BR, 3 BA, 3300+ sq ft ranch)

Current Pending Sales -2
Average Asking Price – $489,500
Median Asking Price – NA

Closed Sales – 3rd Quarter 2008 – 9
Average Sales Price – $594,722
Median Sales Price – $398,000
Average Days on Market -133

Closed Sales – 3rd Quarter 2007 – 10
Average Sales Price – $388,600
Median Sales Price – $345,000
Average Days on Market -92

*Data taken from KAARMLS on 11/24/08 for Sequoyah Hills 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 Sequoyah Hills Listings” or “New Sequoyah Hills Listings” in the subject line and I’ll take care of the rest. Spam is not where it’s at.

Have I missed your neighborhood? Let me know about it and you might just see it featured here in the coming weeks.

Sequoyah Hills*

Current On-Market Listings - 36
Average Asking Price: $737,722
Median Asking Price: $556,950
Most Expensive Listing: $2,250,000 (4 BR, 5 1/2 BA, over 5000 sq ft, lake front)
Least Expensive Listing: $274,900 (2BR, 1 BA, approx 1800 sq ft on Southgate)

Current Pending Sales -5
Average Asking Price – $394,460
Median Asking Price – $349,900

Closed Sales – February 2007 – 1
Average Sales Price – $499,900
Median Sales Price – NA
Average Days on Market – 133

Closed Sales – February 2008 – 4
Average Sales Price – $396,506
Median Sales Price – $377,512
Average Days on Market – 122

Interesting that both of the neighborhoods I’ve looked at so far have had more sales in ‘08 than ‘07. I’m curious to see if that trend continues in other neighborhoods as well.

Any suggestions for next week’s NOTW?

*Data taken from KAARMLS on 3/17/08 for Sequoyah Hills proper, and does not include adjacent subdivisions, condos or PUDS.