Arbor Hill Housing Report February 2016

Posted by
Share
Share
Share
Share

Today’s report on Arbor Hill is a combination of “we told you so” and “there’s still time left.”

Both first time homebuyers as well as real estate investors who want premium properties located in NE Tallahassee need to have this neighborhood on their radar.

In case you don’t know about Arbor Hill, it is located on the southern border of Killearn Estates and thus has location, location, and location working for it.

First time homebuyers will love the fact that they can get a single family detached home and a yard for less than $150,000, while investors will appreciate the fact that they can buy an income producing property in the Montford Middle School (Lincoln High School) zone for under $100 per square foot.

In this report, we will look at home prices, home values, and home sizes in Arbor Hill, as well as show current listings in the Tallahassee MLS and all closed home sales going back to 1991.

For the three real estate graphs found below, you will find the number of closed home sales for each year (red columns, measured on the left vertical axis), and an important real estate statistic shown in blue (measured on the right vertical axis).

It is important to note that the narrative contained below is for sales through December for all previous years, but through the third week of February in 2016. The graphs and the closed sales table will be continuously updated into the future (meaning bookmark this page if you always want to know the current status of homes in Arbor Hill).

Arbor Hill Home Prices

Average home prices in Arbor Hill rose about 1% in 2016, meaning they are still attracting investors and first-time homebuyers . There really is no way to justify such low prices for the benefits that this neighborhood provides, so expect to see it get tougher to find lower priced homes here in the coming months and years.

Average Home Price

Home sales activity exploded after our previous two reports on the Arbor Hill neighborhood, and that is exactly what we forecast. This is good news for homeowners, but it’s great news for buyers, as prices and values have not yet shot higher with the new activity.

Arbor Hill Home Values

Average home values in Arbor Hill rose roughly 3% in 2015, but remain 10% lower than they were in 2011. This is very different than other neighborhoods are reporting, and it is why we are confident that home values will move much higher soon. Needless to say, these values are far below the cost of replacement, and people who purchase at these levels will look like geniuses in the next few years when home values return to Arbor Hill.

Average Home Value

In 2015, the average value of a home sold in Arbor Hill was $99 per square foot. To find a home in this high demand area for less than $100 per square foot is a deal that will not remain possible for much longer.

Where is the Tallahassee market headed?

New articles as they publish, plus the Monday market report. Free, by email.

Arbor Hill Home Sizes

The average home size sold in Arbor Hill typically falls in a range of 1,100 to 1,250 square feet, and 2015 so far has seen the larger homes selling.

Average Home Size

The 25 home sales in 2015 averaged 1,218 square feet, meaning recent buyers have been purchasing as much home as they can get.

Homes For Sale In Arbor Hill

The following list displays all of the homes for sale in Arbor Hill.

Arbor Hill

Arbor Hill

4 Properties
3237 Mound Drive
Tallahassee, FL, 32309
Beds3Baths2MLS#402592
3229 Mound Drive
Tallahassee, FL, 32309
Beds2Baths1SqFt799MLS#405568
2629 Vassar Road
Tallahassee, FL, 32309
Beds3Baths2MLS#406726
2693 Baldwin Drive S
Tallahassee, FL, 32309
Beds1Baths1SqFt634MLS#406874

Arbor Hill Home Sales

The following list shows home sales in Arbor Hill going back to 1991.

Home Sales in Arbor Hill

AddressPricePrice / SQFClosing DateYear BuiltSQFSale Type
3272 Garcia Dr$325,000$2142026-09-2519861,518Resale
3216 Arbor Hill Way$285,000$1532026-09-1619841,858Resale
3227 Varnell Dr$299,900$2072026-09-1119831,446Resale
2609 Vassar Rd$329,900$2172026-09-1019791,518Resale
3215 Albert Dr$195,000$2192026-08-261982891Resale
3184 Duke St$309,000$2462026-08-1719891,254Resale
3211 Albert Dr$145,000$1672026-06-291982867Resale
3241 Earl Dr$291,800$2132026-06-2519901,368Resale
3217 Baldwin Dr W$330,000$2272026-06-2219781,456Resale
3232 Mound Dr$173,000$1972026-06-051983880Resale
3288 Garcia Dr$286,000$2792026-05-2119911,024Resale
2601 Vassar Rd$194,000$1412026-05-1519801,377Resale
3305 Vassar Ct$265,000$1942026-05-0119771,365Resale
2901 Riddle Ct$287,900$2042026-04-3019811,414Resale
3288 Garcia Dr$212,500$2082026-03-2319911,024Resale
3234 Albert Dr$245,000$2372026-03-1619831,035Resale
3232 Arbor Hill Way$243,000$1862025-12-1619821,306Resale
2628 Vassar Rd$290,000$2382025-12-0119771,218Resale
3204 Whitney Dr W$277,000$2192025-12-0119781,262Resale
3217 Thames Dr$277,400$2202025-11-1819831,260Resale
3229 Earl Dr$290,000$2402025-11-1419881,208Resale
3401 Whitney Ct$320,000$2152025-11-0319771,488Resale
3216 Whitney Dr E$330,000$2022025-11-0320021,633Resale
3225 Riddle Dr$280,000$2472025-10-0819801,132Resale
2713 Vassar Rd$325,000$1922025-09-2419791,690Resale
3325 Whitney Dr W$285,500$1852025-08-2519771,544Resale
3229 Hester Dr$270,000$2692025-07-1119811,004Resale
3268 Garcia Dr$270,000$2422025-06-2019871,116Resale
3220 Albert Dr$215,000$2562025-05-231983840Resale
3280 Whitney Dr E$255,000$2112025-05-2019861,210Resale
3240 Whitney Dr E$300,000$2752025-05-1419911,092Resale
3227 Albert Dr$190,000$2242025-04-081982848Resale
3221 Baldwin Dr W$250,000$2032025-04-0319801,230Resale
2728 Whitney Dr N$305,000$2052025-03-3119781,485Resale
3238 Thames Dr$290,000$2272025-03-2819831,280Resale
3191 Duke St$275,000$2192025-03-1919921,254Resale
3232 Albert Dr$218,500$2482025-03-191983880Resale
3205 Albert Dr$173,000$1972025-02-121982880Resale
3236 Hester Dr$265,000$2322024-12-1819811,144Resale
3230 Albert Dr$179,800$2302024-11-261983783Resale
3264 Whitney Dr E$314,900$2262024-08-0819891,396Resale
3248 Whitney Dr W$267,400$2062024-07-0919801,300Resale
3233 Earl Dr$290,000$2412024-06-0719871,202Resale
3216 Albert Dr$220,000$2102024-06-0419831,046Resale
3247 Varnell Dr$262,000$1822024-05-3019831,441Resale
3222 Earl Dr$290,000$2382024-04-2419861,218Resale
3241 Riddle Dr$265,000$1932024-04-0119811,376Resale
2705 Vassar Rd$290,500$2092024-03-1419771,393Resale
2637 Vassar Rd$287,000$2412024-03-0719771,190Resale
3205 Whitney Dr W$200,000$1662024-02-2119801,206Resale
3260 Baldwin Dr W$278,000$1672024-02-1219791,660Resale
3256 Garcia Dr$299,900$2032024-02-0919871,478Resale
3228 Whitney Dr E$276,000$2082024-02-0719901,326Resale
3226 Albert Dr$239,500$2722024-01-191983880Resale
3246 Thames Dr$256,000$2242024-01-0819821,141Resale
3214 Riddle Dr$240,000$2052023-12-2819811,169Resale
3253 Whitney Dr E$245,000$2232023-12-2219871,100Resale
3209 Riddle Dr$275,000$1872023-12-1519801,470Resale
3238 Earl Dr$290,000$2302023-12-1519861,260Resale
3252 Baldwin Dr W$285,800$2252023-11-1019791,270Resale
3256 Baldwin Dr W$270,000$2412023-10-2019791,122Resale
2601 Baldwin Dr S$250,000$1742023-10-1619791,440Resale
3217 Earl Dr$295,000$2322023-10-1219861,274Resale
3247 Mound Dr$210,000$2382023-10-111983882Resale
3301 Vassar Ct$282,500$2182023-09-2919781,296Resale
2617 Vassar Rd$250,000$1912023-08-3019761,308Resale
3229 Whitney Dr W$290,000$2062023-07-1719791,408Resale
3245 Whitney Dr E$258,000$2002023-07-1419901,287Resale
3221 Albert Dr$240,000$2402023-07-1419821,000Resale
3241 Baldwin Dr W$222,500$1942023-06-3019791,148Resale
3265 Baldwin Dr W$269,000$2332023-05-1319801,156Resale
3233 Hester Dr$283,000$1912023-05-1219851,481Resale
2690 Baldwin Dr S$147,000$2362023-05-111983623Resale
2744 Vassar Rd$250,000$2222023-03-3119831,125Resale
3253 Mound Dr$220,000$1902023-03-2419831,156Resale
2747 Vassar Rd$289,000$2052023-02-1519831,413Resale
2616 Vassar Rd$250,000$1322023-02-1319771,892Resale
3225 Mound Dr$110,000$1712022-12-291983643Resale
2628 Vassar Rd$250,000$2052022-12-1919771,218Resale
3237 Baldwin Dr W$255,000$2122022-12-1619781,204Resale
3247 Varnell Dr$257,500$1792022-09-2919831,441Resale
3249 Earl Dr$295,000$2432022-09-2919861,216Resale
3281 Whitney Dr E$261,500$1602022-09-2319911,635Resale
2717 Baldwin Dr S$275,000$1982022-09-1619911,392Resale
2697 Baldwin Dr S$138,000$2182022-09-061983634Resale
3242 Mound Dr$220,000$2532022-08-291983870Resale
3233 Earl Dr$285,000$2372022-08-1519871,202Resale
3229 Earl Dr$280,000$2322022-08-1219881,208Resale
3184 Duke St$243,000$1942022-06-2919891,254Resale
3280 Whitney Dr E$255,000$2112022-06-1719861,210Resale
3312 Vassar Ct$275,000$2002022-05-3119771,376Resale
2716 Whitney Dr N$265,300$1372022-05-2319801,931Resale
2631 Baldwin Dr S$243,000$2082022-05-1619791,170Resale
3187 Whitney Dr E$242,000$1552022-05-1219901,558Resale
3236 Whitney Dr W$270,000$2472022-04-2919781,095Resale
3211 Thames Dr$280,000$1922022-04-2219831,456Resale
2740 Whitney Dr N$235,000$1842022-04-0119821,276Resale
3221 Mound Dr$201,000$1842022-03-3119831,092Resale
2717 Whitney Dr N$190,000$1772022-03-1719791,076Resale
3240 Whitney Dr W$251,000$2152022-02-2419801,168Resale

I hope you enjoyed our February 2016 update on home sales in Arbor Hill, please feel free to drop me a note if you have questions not covered in this report.

Related Posts