The main real estate story in October isn't a single sale. Instead, it is the cumulative sale of large tracks of land.
From Smyrna River of Life church selling five acres in Smyrna to George White and Ira Brody selling more 30 acres in Murfreesboro, most of the largest transactions in October were individuals selling what will presumably become subdivisions in the spring to development companies.
Also, undeveloped subdivided lots are still changing hands.
All this together tells me that the residential market is still healthy even if the third quarter did show a slight decline (2%) in closed sales and a significant decline (31%) in pending sales over 2017 across the midstate, according to data from Greater Nashville Realtors.
Commercial Transactions |
||||
Seller |
Buyer |
Address |
Price |
Date |
Smyrna River of Life Assembly of God |
John Lee |
5 acres on Sam Ridley Parkway |
$3.6 million
|
Oct. 9
|
Richland South |
Cornerstone Development |
21.94 acres on Joe B. Jackson Parkway, Murfreesboro |
$2.189 million
|
Oct. 15
|
Anthony Togrye |
Nayan and Sital Patel |
2 acres on Colonnade Drive in Verandas at Sam Ridley, Smyrna |
$2.062 million |
Oct. 10
|
Oakland Developments |
RHB LLC |
23.71 acres on Northside Drive, Murfreesboro |
$1.45 million
|
10/18/18 |
Beach and Farrer Properties |
Mini Storage Depot on Northfield Blvd. |
1603-1609 W. Northfield Blvd., Murfreesboro |
$1.175 million
|
Oct. 11
|
BD West Investment |
WR Thompson Homes |
23.55 acres on Faulkner Springs Drive, Murfreesboro |
$1.113 million |
Oct 25
|
Salem Creek Partnership |
Black Mountain Builders |
14 lots in Salem Creek, Murfreesboro |
$1.05 million
|
Oct. 9
|
La Vergne LF Holdings |
LGI Homes-TN |
24 lots in The Cottages of Lake Forest, La Vergne |
$984,414.55 |
Oct. 15
|
Larry & Susan Quesenberry and Richard & Julie Peppers |
Jewell Hale |
2 lots at 3240 Memorial Blvd., Murfreesboro |
$852,904.80 |
Oct. 11
|
Lineberry Properties |
John and Mary Leinard, Leslie Hollis |
244 River Rock Blvd., Murfreesboro |
$750,000
|
Oct. 8
|
Salem Creek Partnership |
Masterson Homes |
10 lots in Hampton Park at Hillwood, Murfreesboro |
$700,000
|
Oct. 8 |
Trudy Edwards and Robert Agee |
Rudd Seeley Wallis LLC |
105 River Rock Blvd., Murfreesboro |
$675,000
|
Oct. 18
|
WLF Properties |
Greenland Partners |
8 lots on Yearwood Avenue, Murfreesboro |
$575,000
|
Oct. 25
|
William Fryar |
Greenland Partners |
1.621 acres on Yearwood Avenue, Murfreesboro |
$575,000
|
Oct. 25
|
George White and Ira Brody |
PNB Holding Co 2 |
31.2 acres at 6815 Halls Hill Pike, Murfreesboro |
$536,584
|
Oct. 15
|
Most Expensive Houses
The most expensive house sold in October was 3958 Shores Rd. in Murfreesboro (pictured above).
The custom-built four-bed, four-bath home measures 4,123 square feet on six private acres with a gated driveway, detached garage and workshop, fully fenced large level backyard, hardwood floors throughout, and granite kitchen with stainless appliance package, according to Zillow.
Buyer |
Address |
Price |
Date |
Donahue Revocable Living Trust |
3958 Shores Rd., Murfreesboro |
$760,000
|
Oct. 8
|
Lisa and David Ashworth |
2140 Allisona Rd., Eagleville |
$639,900
|
Oct. 19
|
Nick and Sara Mitchell |
103 Churchill Farms Drive, Murfreesboro |
$600,000
|
Oct. 10
|
Jared and Margaret Bramlett |
1405 Bradberry Drive, Murfreesboro |
$554,500
|
Oct. 12
|
Donna Dunn |
1931 Scarlett Drive, Murfreesboro |
$550,000
|
Oct. 10
|
Jason and Shelly Tomlinson |
7841 Rocky Fork Almaville Rd., Smyrna |
$550,000
|
Oct. 8
|
Timothy and Karen Demonbreum |
4408 Maryweather Lane, Murfreesboro |
$525,000
|
Oct. 16
|
Ivan and Albena Kozekova |
7108 Springwater St., Smyrna |
$515,900
|
Oct. 9
|
Michelle Willard is a freelance journalist who fills her days with social media marketing, politics, true crime, and taking complaints. You can complain to her on Twitter @MichWillard or by email michelle(at)murfreesborovoice.com.