Brian R Kelly

Tag: Black Creek Mountain

  • Top 5 Home Selling Neighborhoods Hamilton County TN 2013

    Top 5 Home Selling Neighborhoods in Hamilton County TN 2013
    Top 5 Home Selling Neighborhoods

    Top 5 Home Selling Neighborhoods Hamilton County TN 2013.  The time period of sales is first 8 months of 2013.  I am writing this September 4, 2013.   The top 5 in number of homes (no age or price involved) sold are as follows:

    1. Hamilton on Hunter  58  (25 of those are Hamilton on Hunter North)

    2. One North Shore  34  (this is a condominium complex)

    3. Black Creek  23

    4. Stonewall Farms  22

    5.  Windstone 20 (10 are Windstone at Whisper Creek)

     

    Bell Development has two of the Top 5 Home Selling Neighborhoods Hamilton County TN 2013

    The number one winner is Bell Development’s Hamilton on Hunter.  Hamilton on Hunter is located off Hunter Road in Ooltewah.  The neighborhood is 26 years old and covers roughly 640 acres.  The newer Hamilton on Hunter North is approximately 275 acres.  The 58 home sales in 2013 range from $75,000 – $241,500.  The price per square foot ranged from $44 – $120.  Hamilton on Hunter North is zoned for Wallace A. Smith Elementary School, Hunter Middle, and Central High School.  Hamilton on Hunter enjoys newer construction and proximity to jobs at Volkswagen and Amazon.

    The number two winner is a great story for Chattanooga.  It is a condominium complex.  There are 34 condo sales so far this year at One North Shore.  The 2013 sales saw a low of $149,500 and a high of $374,000.The average price per square foot is $217.  I shared a few insights in this former article about One North Shore.  I was really impressed with the level of services and amenities One North Shore offers its owners.  One North Shore enjoys location near downtown and it’s adjacent to parks, retail and grocery.

    The third place finisher is Black Creek Mountain.  Black Creek Mountain is a golf course community in Lookout Valley.  Lookout Valley is less than 10 minutes from downtown Chattanooga.  New homes are under construction as a new developer makes their way up Aetna Mountain.  The neighborhood is 13 years old and is home to Black Creek Golf.  Club house expansion, varied price points and styles, combined with location near downtown are all continued draws to this community.  The 2013 price range is from $114,000 condo to $655,000 single family home.

    Fourth place goes to Stonewall Farms.  Stonewall Farms is another Bell Development.  It is located in Hixson.  Stonewall Farms is a more traditional neighborhood with home prices from $179,900 to $334,000 for 2013 sales.   Stonewall Farms is 10 years old.  Half of the home sales in 2013 were new home sales.  New homes in Stonewall Farms are selling on average at $119 per square foot.

    Fifth place goes to Windstone.  Windstone is a golf course community located in Ooltewah. (Important Note: Windstone is also in Catoosa County, GA or Ringgold , GA.  If we included all of Windstone there would be 30 sales year to date.  But this story is about Hamilton County only).  I wrote this article about homes at Whisper Creek in Windstone.   The 2013 sales ranged in price from $200,000 to $422,000.  Newer construction in Whisper Creek is averaging $140 per square foot.

    In summary, all of the Top 5 Home Selling Neighborhoods Hamilton County TN 2013 enjoy a decent amount of newer construction.  There are new homes being built in 4 of them.  One North Shore is only 5 years old and it is enjoying growth of downtown living with a strong dose of amenities and an excellent marketing campaign.  Top 5 Home Selling Neighborhoods Hamilton County TN 2013 list was compiled using the Multiple Listing System (MLS of Chattanooga Association of Realtors).  Only Realtor assisted sales were considered in the data.

     

  • Cummings Cove Fountain becomes Black Creek Mountain

    Former Cummings Cove fountain now Black Creek Mountain
    Former Cummings Cove fountain now Black Creek Mountain
    Cummings Cove fountain becomes Black Creek Mountain. Black Creek Mountain is the name chosen for the entire development that includes the former Cummings Cove neighborhood and Black Creek Golf Club. The new developers purchased a majority interest in the project which includes brow property on Mount Aetna overlooking Chattanooga, TN. Downtown Chattanooga is less than 10 minutes away around the Moccasin Bend of the Tennessee River. Cummings Cove is the original neighborhood marketed along side Black Creek Golf Club. Cummings Cove is not the only name change in the immediate area. Ask a local what the name of 37419 really is, you will get three answers 1.) Tiftonia, 2.) Wauhatchie, 3.) Lookout Valley. A decent history of the area name changes is at this website.

    The name change for Black Creek Mountain is very smart for marketing purposes. The only confusing part is explaining to someone I live in the valley of a neighborhood called Black Creek Mountain. The glorious part is that Mount Aetna stands tall and apparent waiting to be scaled. (That is another story or two that is still being written). Back to my story.

    In 1999, Sue Shaw and Greg Shaw introduced my parents to Cummings Cove. Jim Chapin, the developer, was looking for marketing and sales support. Support in the way of commitment. My parents, Ben and Karen Kelly, asked me to go to a meeting off Cummings Road to meet with Jim Chapin. Jim explained his vision and I saw the potential success of the project immediately because of the the age old axiom of real estate, Location, Location, Location. Development in Hamilton County, TN was primarily North towards Soddy Daisy, and East, towards East Brainerd and Ooltewah. Commute times to these corners of Hamilton County, TN were approaching 30-55 minutes in rush hour. This neighborhood was less than 10 minutes from downtown and had an interstate (I-24) and U.S. Highway 41 to get you there. The challenge was to educate folks about the driving time and that Lookout Valley was not only a fun place to play, but a wonderful place to call home.

    Jim Chapin, Cummings Cove developer, is a gifted man. He has a great vision for what a neighborhood space will become, a razor sharp numbers brain and he wisely listened to other developers who had pulled off other successful projects. I had cut my teeth on retail home sales, but had to quickly learn how to focus only on new construction. I traveled to Raleigh, NC, and Orlando, FL, with others to meet with New Home Marketing and Sales organizations. I joined the Builder Marketing Society and read the bible for new home sales “New Home Marketing” by Dave Stone. Building a team that could market and sell this golf course community was truly intense and fun.

    I truly think that one aspect of the neighborhood’s success was Jim Chapin’s core understanding of marketing. He grew up in the family that built and stewarded Rock City Gardens. Rock City is an icon of the community that had a history along side Judge Will Cummings and the building of Highway 41 (If you are a child of the 70s and know Rambling Man lyrics) or Cumming’s Highway (as locals know it). Judge Will Cummings was a colorful man that literally helped pave the way for traveller’s to visit Famous Rock City. I met Jim on the porch where (it is speculated that the concept of TVA was born on the same porch) Franklin Roosevelt visited with Will Cummings.

    This was the start of my journey selling Cummings Cove, “Chattanooga’s Premier Golf Course Community”. The first sales office was the old Will Cummings home place. My family got involved as Mary Dee, my wife, helped decorate the Cummings home place for Christmas, and cooked for the builder team.

    1999, the year of Y2K and the dawn of a new century. A dawn of a new neighborhood that did change Lookout Valley and provided a home for my family for the last 12 years.

    Cummings Cove fountain becomes Black Creek Mountain, and for the story to continue, I am glad it did. For a brief view of what the neighborhood is like, check out this short 2 minute video.

  • Cummings Cove and Black Creek Mountain 2012 Home Sales Report

    Black Creek Mountain and Cummings Cove Homes
    Black Creek Mountain and Cummings Cove Homes
    Cummings Cove and Black Creek Mountain continue to provide home owners with good value. The primary amenities of proximity to downtown Chattanooga, peaceful surroundings, golf, tennis, and passive amenities like walking trails give this community a unique draw.

    12 Single family homes in the original Cummings Cove sold in 2012. The lowest price was $315,000 and the highest was $775,000. The average price per square foot was $123. The average marketing time was 193 days.

    8 condos and town homes sold in 2012. The price range was $116,400 to a high of $255,000. The average price per square foot was $118. The average market time was 204 days.

    Black Creek Mountain sold 9 new homes in 2012. The price range was $258,000 to a high of $473,817. The average price per foot was $150. The average marketing time was 53 days.

    The marketing efforts and amenities paid off for the new home sales, as Hamilton county average for new home sales were $122 per square foot compared to Black Creek Mountain at $150. The older single family homes provided slightly better results at $123 per foot price compared to Hamilton County average of $116 (for homes built 2000-2006 and same price range).

    The condos and town homes that were built from 2000-2006 that sold in Hamilton county in 2012 sold for $103 per foot compared to $118 for Cummings Cove homes.

    Interesting observation is that single family, town homes, and condos of the original community are holding better price per foot average over competition around Hamilton county but the average days on market for the older homes is noticeably longer. The newer products available in the community may impact marketing time.

    Black Creek Mountain is providing a fascinating future to land that sheltered indians, civil war soldiers, miners, recreational hunters and 4 wheelers. The land is yielding to home owners that desire to live near Chattanooga and enjoy its many amenities.