Forest Heights
Posted by Joe Manausa on Tuesday, June 28, 2011 at 8:36:16 AM
By Joe Manausa / June 28, 2011
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Forest Heights is heating up, and possibly might become the renegade neighborhood in Tallahassee. Though it has declined in value like the rest of the real estate market, Forest Heights is going to be attracting both real estate investors and owner-occupants alike.
With homes built in the 1950s, 1960s, and 1970s, Forest Heights is a mature subdivision in the northwest quadrant of Leon County. This means that no new construction has occurred in roughly 40 years, and the boom of the housing market pulled it up without having a direct impact on supply. These homes are very much "Tallahassee homes," and you will find both students and families living in Forest Heights.
Home Prices shot up 77% from 2002 to 2007, but have since receded 31%. To put that in perspective, here's the wild ride that homeowners have experienced in Forest Heights over the years. A home that would have sold for $109,000 in 2002 appreciated to $194,000 in 2007, but is now selling for $127,000, which is an annualized real estate appreciation rate of 1.6% since 2002.
Currently, home values in Forest Heights are below $80 per square foot, which is why this great rental neighborhood is going to be attracting real estate investors. The home sites (land) are large, and the replacement cost valuations are going to guarantee investors a very healthy long-term rate of return on their investment.
Due to the price point, I would think that most home owners in Forest Heights who want to sell their home should find a buyer very quickly if they are using a super aggressive home selling plan combined with a strategically sound asking price. This is a high demand price range located very conveniently to schools, shopping, etc.,
List Of Recent Sales In Forest Heights
| Neighborhood | Address | SP | Price/SQF | Closing Date | Year Built | SQF |
| Forest Heights | 1922 Sharon Road | $143,000 | $85 | 6/16/2011 | 1962 | 1,686 |
| Forest Heights | 1907 Sunset Lane | $155,000 | $124 | 6/15/2011 | 1974 | 1,252 |
| Forest Heights | 1908 Skyland Drive | $181,500 | $86 | 5/15/2011 | 1968 | 2,100 |
| Forest Heights | 1904 Fairlane Road | $108,000 | $74 | 4/12/2011 | 1958 | 1,458 |
| Forest Heights | 1416 Sharon Road | $100,000 | $55 | 3/2/2011 | 1953 | 1,833 |
| Forest Heights | 1418 Tharpe Street | $60,000 | $51 | 1/31/2011 | 1955 | 1,168 |
| Forest Heights | 1400 Tharpe Street | $101,300 | $80 | 1/28/2011 | 1960 | 1,260 |
| Forest Heights | 1808 Skyland Drive | $135,900 | $85 | 1/28/2011 | 1968 | 1,598 |
| Forest Heights | 1909 Sherwood Drive | $156,000 | $76 | 1/13/2011 | 1963 | 2,062 |
| Forest Heights | 1738 Sunset Lane | $135,000 | $86 | 12/2/2010 | 1958 | 1,567 |
| Forest Heights | 1822 Sherwood Drive | $140,000 | $63 | 10/27/2010 | 1968 | 2,228 |
| Forest Heights | 1901 Fairlane Road | $110,000 | $89 | 10/15/2010 | 1955 | 1,232 |
| Forest Heights | 1810 Sherwood | $159,000 | $87 | 9/28/2010 | 1957 | 1,826 |
| Forest Heights | 1505 Sunset Lane | $150,000 | $78 | 8/24/2010 | 1956 | 1,924 |
| Forest Heights | 1905 Holly Street | $58,500 | $53 | 7/21/2010 | 1959 | 1,108 |
| Forest Heights | 1513 Sharon Road | $114,200 | $67 | 6/14/2010 | 1957 | 1,695 |
| Forest Heights | 2003 Holly Street | $142,000 | $101 | 5/28/2010 | 1958 | 1,411 |
| Forest Heights | 1801 Sunset Lane | $155,000 | $81 | 2/19/2010 | 1956 | 1,916 |
| Forest Heights | 1309 Sharon Road | $149,900 | $102 | 11/19/2009 | 1959 | 1,464 |
| Forest Heights | 1906 Fairlane Road | $141,000 | $108 | 11/17/2009 | 1960 | 1,300 |
| Forest Heights | 1322 Sharon Road | $123,000 | $84 | 11/13/2009 | 1959 | 1,464 |
| Forest Heights | 1829 Sharon Rd | $150,000 | $96 | 10/30/2009 | 1955 | 1,556 |
| Forest Heights | 1912 Sharon Road | $150,000 | $54 | 10/30/2009 | 1960 | 2,800 |
| Forest Heights | 1906 High Road | $115,000 | $77 | 6/30/2009 | 1960 | 1,500 |
| Forest Heights | 1905 Sherwood Drive | $170,000 | $110 | 6/19/2009 | 1960 | 1,548 |
| Forest Heights | 1719 Sharon Road | $165,000 | $105 | 6/8/2009 | 1956 | 1,565 |
| Forest Heights | 1326 Sharon Road | $119,900 | $109 | 4/30/2009 | 1950 | 1,100 |
| Forest Heights | 1907 Sharon Rd | $170,000 | $108 | 3/12/2009 | 1958 | 1,575 |
| Forest Heights | 1730 Sharon Road | $97,000 | $79 | 1/29/2009 | 1956 | 1,232 |
| Forest Heights | 1709 Sunset Lane | $115,000 | $91 | 10/24/2008 | 1956 | 1,264 |
| Forest Heights | 1907 Sunset Lane | $185,600 | $104 | 8/22/2008 | 1974 | 1,784 |
| Forest Heights | 1512 Sunset Lane | $150,000 | $104 | 8/8/2008 | 1956 | 1,442 |
| Forest Heights | 1914 Sherwood Drive | $185,000 | $110 | 7/31/2008 | 1965 | 1,680 |
| Forest Heights | 1814 Sunset Ln | $202,500 | $94 | 7/14/2008 | 1956 | 2,150 |
| Forest Heights | 2003 Rosedale Dr | $170,000 | $94 | 5/13/2008 | 1954 | 1,816 |
| Forest Heights | 1806 Croydon Dr | $105,000 | $76 | 3/31/2008 | 1954 | 1,390 |
| Forest Heights | 1803 Sherwood Drive | $159,900 | $127 | 2/8/2008 | 1975 | 1,260 |
| Forest Heights | 1821 Sharon Rd | $140,000 | $76 | 2/1/2008 | 1957 | 1,842 |
| Forest Heights | 1809 Sharon Road | $167,000 | $93 | 1/23/2008 | 1956 | 1,800 |
| Forest Heights | 1502 Sharon Road | $149,000 | $109 | 10/19/2007 | 1983 | 1,372 |
| Forest Heights | 1802 Sharon Road | $178,000 | $126 | 8/31/2007 | 1956 | 1,418 |
| Forest Heights | 1838 Sunset Lane | $167,500 | $116 | 8/17/2007 | 1957 | 1,448 |
| Forest Heights | 1913 Sherwood Dr | $275,000 | $88 | 8/16/2007 | 1960 | 3,136 |
| Forest Heights | 1514W Tharpe Street | $187,500 | $116 | 8/3/2007 | 1953 | 1,617 |
| Forest Heights | 1923 Sharon Rd | $225,000 | $98 | 7/24/2007 | 1960 | 2,294 |
| Forest Heights | 1918 Sherwood Dr | $210,000 | $119 | 6/27/2007 | 1966 | 1,764 |
| Forest Heights | 1737 Sunset Lane | $195,000 | $104 | 5/22/2007 | 1956 | 1,883 |
| Forest Heights | 1833 Sharon Rd. | $168,000 | $137 | 5/15/2007 | 1956 | 1,225 |
| Forest Heights | 2006 Croydon Dr | $199,000 | $83 | 5/15/2007 | 1969 | 2,393 |
| Forest Heights | 1903 Sherwood Dr | $187,000 | $130 | 4/27/2007 | 1968 | 1,435 |
| Forest Heights | 1733 Sunset Lane | $188,000 | $94 | 12/22/2006 | 1957 | 2,000 |
| Forest Heights | 1905 Rosedale Drive | $232,000 | $104 | 12/12/2006 | 1954 | 2,230 |
| Forest Heights | 1713 Sharon Rd | $135,000 | $80 | 10/25/2006 | 1958 | 1,689 |
| Forest Heights | 1911 Sunset Lane | $198,000 | $128 | 9/11/2006 | 1959 | 1,547 |
| Forest Heights | 1903 Holly | $138,500 | $127 | 8/7/2006 | 1957 | 1,088 |
| Forest Heights | 1705 Sunset Ln | $210,000 | $115 | 8/4/2006 | 1956 | 1,826 |
| Forest Heights | 1416 Hilltop Dr | $168,000 | $93 | 7/21/2006 | 1958 | 1,811 |
| Forest Heights | 1902 High Road | $145,000 | $106 | 7/12/2006 | 1956 | 1,369 |
| Forest Heights | 1406 W Tharpe St | $145,000 | $163 | 6/23/2006 | 1954 | 890 |
| Forest Heights | 1910 Sunset Lane | $201,200 | $124 | 6/22/2006 | 1959 | 1,628 |
| Forest Heights | 1903 Skyland Drive | $230,000 | $107 | 6/6/2006 | 1966 | 2,140 |
| Forest Heights | 1503 Hilltop Dr | $194,000 | $113 | 5/31/2006 | 1960 | 1,716 |
| Forest Heights | 1506 Sharon Rd. | $131,500 | $108 | 5/23/2006 | 1956 | 1,216 |
| Forest Heights | 1908 Croydon Dr. | $212,000 | $98 | 5/1/2006 | 1956 | 2,154 |
| Forest Heights | 1738 Sunset Lane | $170,000 | $108 | 4/28/2006 | 1958 | 1,567 |
| Forest Heights | 1904 Sherwood Drive | $225,000 | $110 | 2/28/2006 | 1962 | 2,050 |
| Forest Heights | 1806 Skyland | $225,000 | $99 | 2/27/2006 | 1966 | 2,271 |
| Forest Heights | 1826 Sharon Road | $165,950 | $92 | 2/22/2006 | 1957 | 1,806 |
| Forest Heights | 1814 Sunset Ln. | $160,000 | $94 | 2/7/2006 | 1956 | 1,700 |
| Forest Heights | 1513 Sharon Road | $165,000 | $97 | 10/31/2005 | 1957 | 1,695 |
| Forest Heights | 1822 Sharon Road | $175,000 | $110 | 10/14/2005 | 1955 | 1,595 |
| Forest Heights | 1919 Sherwood Dr | $157,850 | $125 | 9/23/2005 | 1983 | 1,264 |
| Forest Heights | 1705 Sunset Lane | $184,000 | $101 | 9/22/2005 | 1956 | 1,826 |
| Forest Heights | 1717 Sherwood | $157,000 | $109 | 9/6/2005 | 1956 | 1,442 |
| Forest Heights | 1908 Skyland | $225,000 | $107 | 8/10/2005 | 1968 | 2,100 |
| Forest Heights | 1915 Sherwood Dr | $245,000 | $82 | 7/20/2005 | 1960 | 3,006 |
| Forest Heights | 1922 Sherwood | $244,000 | $93 | 7/15/2005 | 1965 | 2,613 |
| Forest Heights | 1808 Skyland Drive | $172,000 | $108 | 7/14/2005 | 1968 | 1,598 |
| Forest Heights | 1907 Sunset Ln | $186,000 | $104 | 6/9/2005 | 1974 | 1,784 |
| Forest Heights | 1508 Hilltop Dr | $265,000 | $82 | 5/26/2005 | 1959 | 3,224 |
| Forest Heights | 1908 Botany | $184,900 | $90 | 4/22/2005 | 1962 | 2,064 |
| Forest Heights | 1903 Sherwood Dr | $154,655 | $108 | 4/8/2005 | 1968 | 1,435 |
| Forest Heights | 1903 High Rd | $125,000 | $90 | 3/30/2005 | 1958 | 1,390 |
| Forest Heights | 1705 Sunset | $140,000 | $78 | 3/18/2005 | 1956 | 1,800 |
| Forest Heights | 2001 Holly Street | $182,500 | $87 | 3/14/2005 | 1959 | 2,100 |
| Forest Heights | 1817 Sherwood | $159,900 | $120 | 2/25/2005 | 1977 | 1,333 |
| Forest Heights | 1906 Fairlane Rd | $151,000 | $116 | 2/17/2005 | 1960 | 1,300 |
| Forest Heights | 1509 Hilltop Drive | $159,000 | $85 | 2/10/2005 | 1957 | 1,880 |
| Forest Heights | 1904 Croydon Dr. | $145,000 | $97 | 12/22/2004 | 1954 | 1,500 |
| Forest Heights | 1733 Sharon Rd | $133,000 | $111 | 12/20/2004 | 1956 | 1,200 |
| Forest Heights | 1512 Sunset Lane | $126,000 | $87 | 12/10/2004 | 1956 | 1,442 |
| Forest Heights | 1814 Sharon Road | $128,900 | $88 | 12/7/2004 | 1958 | 1,467 |
| Forest Heights | 1806 Croydon | $144,500 | $86 | 11/25/2004 | 1954 | 1,688 |
| Forest Heights | 1508 Hilltop Drive | $237,000 | $74 | 10/29/2004 | 1959 | 3,224 |
| Forest Heights | 1916 Sunset Ln | $75,000 | $52 | 8/30/2004 | 1958 | 1,435 |
| Forest Heights | 1905 Sherwood Drive | $165,000 | $107 | 8/24/2004 | 1961 | 1,548 |
| Forest Heights | 1914 Botany Drive | $158,100 | $88 | 7/30/2004 | 1971 | 1,794 |
| Forest Heights | 1710 Sunset Lane | $133,000 | $104 | 7/16/2004 | 1956 | 1,274 |
| Forest Heights | 1906 Sunset Ln | $142,500 | $82 | 6/29/2004 | 1959 | 1,736 |
| Forest Heights | 1400 Tharpe St | $98,000 | $78 | 6/18/2004 | 1960 | 1,260 |
| Forest Heights | 1904 Sherwood Drive | $155,000 | $76 | 5/14/2004 | 1962 | 2,050 |
| Forest Heights | 1508 Sunset Lane | $148,000 | $87 | 4/30/2004 | 1956 | 1,698 |
| Forest Heights | 1907 Sharon Road | $150,000 | $95 | 4/15/2004 | 1958 | 1,575 |
| Forest Heights | 1830 Sharon Road | $116,000 | $88 | 1/30/2004 | 1956 | 1,316 |
| Forest Heights | 1507 Sharon Rd | $108,256 | $56 | 10/30/2003 | 1957 | 1,928 |
| Forest Heights | 1912 Ne Sunset Lane | $189,000 | $56 | 10/28/2003 | 1961 | 3,377 |
| Forest Heights | 1906 Fairlane Road | $110,000 | $85 | 10/21/2003 | 1960 | 1,300 |
| Forest Heights | 1822 Sharon Road | $134,900 | $88 | 10/15/2003 | 1955 | 1,525 |
| Forest Heights | 1908 Croydon Dr | $101,000 | $53 | 10/10/2003 | 1956 | 1,893 |
| Forest Heights | 1813 Sharon Road | $144,000 | $69 | 9/5/2003 | 1959 | 2,087 |
| Forest Heights | 1838 Sunset Lane | $119,000 | $85 | 8/29/2003 | 1957 | 1,396 |
| Forest Heights | 1918 Botany Dr | $145,000 | $84 | 7/25/2003 | 1991 | 1,729 |
| Forest Heights | 1910 Sunset Lane | $138,000 | $69 | 7/25/2003 | 1959 | 1,992 |
| Forest Heights | 1309 Sharon Road | $110,000 | $75 | 6/30/2003 | 1958 | 1,468 |
| Forest Heights | 1503 Sharon Rd | $106,000 | $59 | 5/27/2003 | 1958 | 1,804 |
| Forest Heights | 1801 Skyland Dr | $485,000 | $88 | 5/27/2003 | 1960 | 5,491 |
| Forest Heights | 1509 Hilltop Dr | $114,500 | $64 | 3/7/2003 | 1957 | 1,800 |
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