Distressed Properties Make Impact In Killearn Acres

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It’s time to take another look at Killearn Acres, exploring why this popular NE Tallahassee neighborhood is posting such poor numbers (especially after seeing positive housing reports recently).

As a consistent top-selling neighborhood in Tallahassee (along with Southwood, Golden Eagle Plantation, Killearn Estates, Killearn Lakes Plantation and Bull Run), we keep a close eye on Killearn Acres to stay on top of the changing trends for the entire Tallahassee real estate market.

Thus far in 2014, there have been 7 homes sold in Killearn Acres, with an average sales price of $110,000 and a value of $78 per square foot. That means you are getting a 1,413 square foot home for just under $110K in a highly desirable NE Tallahassee neighborhood.

Currently, there are 27 homes for sale in Killearn Acres, 13 of which are under contract, and 7 of those are short sales or foreclosures.

Home Sales Are Gaining Steam

The average number of homes selling each month in Killearn Acres is on the rise, and much of this has been spurred on by the distressed properties available at crazy low prices. In fact, six of the last ten closings have been short sales or foreclosures.

In the graph below, we see the one-year trend of monthly closed home sales. The  blue line measures all resales (existing home sales), and represents the total of the green line plus the red line (arms length sales and distressed sales respectively). As you can see, distressed home sales are nearing an all-time high.

Home Sales In Killearn Acres

Killearn Acres Home Values Suffering

It should come as no great surprise that home values are suffering.

With so many distressed properties available, buyers have been lured to Killearn Acres for these homes priced below-the-market.

After hitting a market low of three home sales per month back in 2011, Killearn Acres has seen sales rebound to more than four home sales per month and rising.

Home Values In Killearn Acres

Home Prices Falling Too

Average home prices have also been impacted by the slew of distressed property sales. Currently the average arms length sales price of a home in Killearn Acres is around $186,000, while the distressed homes have sold for an average of $117,000 (a discount of 37%). You can see why many investors are loving this neighborhood right now.

Killearn Acres Home Prices

Homes For Sale In Killearn Acres

The following map shows the Killearn Acres homes that are on the market today. If you want more information on a particular home, simply click on the marker on the map and it will open up the listing to show you up to 25 pictures of each home.

Recorded Home Sales In Killearn Acres

The following is a list of all homes sold in Killearn Acres (recorded in the Tallahassee MLS).

Home Sales in Killearn Acres

AddressPricePrice / SQFClosing DateYear BuiltSQFSale Type
6429 Jet Pilot Trl$260,200$1512026-10-0919861,718Resale
6704 Johnstown Loop$340,000$1802026-10-0219841,888Resale
6708 Chant Trl$335,000$2422026-10-0219791,386Resale
6842 Donerail Trl$295,000$2352026-09-3019811,253Resale
3257 Lord Murphy Trl$270,000$1492026-09-2919891,815Resale
3335 Gallant Fox Trl$325,000$2202026-09-1819841,480Resale
3208 Majestic Prince Trl$355,000$2542026-09-1019901,397Resale
4983 Pimlico Dr$327,800$1982026-09-1019881,653Resale
6705 Tim Tam Trl$325,000$1882026-08-3119831,726Resale
6838 Hill Gail Trl$345,000$2562026-08-1419871,349Resale
6515 Man O War Trl$319,300$2652026-08-0419871,205Resale
3201 Whirlaway Trl$300,000$2022026-07-3119791,486Resale
6516 Montrose Trl$305,000$2082026-07-3119831,465Resale
6842 Donerail Trl$190,000$1522026-07-3019811,253Resale
3516 Whirlaway Trl$395,000$2052026-07-2919891,924Resale
6728 Apollo Trl$180,000$1122026-07-1619791,610Resale
6727 Johnstown Loop$314,000$2332026-06-2619861,347Resale
4891 Pimlico Dr$297,500$2042026-06-2619811,456Resale
3300 Gallant Fox Trl$315,000$2012026-06-2519781,569Resale
6047 Pimlico Ct$625,000$2182026-06-1519942,864Resale
5135 Pimlico Dr$760,000$2312026-06-0920003,288Resale
3229 Majestic Prince Trl$294,000$2042026-06-0819821,440Resale
6845 Hill Gail Trl$284,500$2312026-06-0519831,233Resale
6455 Joe Cotton Trl$320,000$2182026-06-0319831,468Resale
5024 Pimlico Dr$315,000$2102026-05-1119831,500Resale
6708 Johnstown Loop$380,000$2102026-05-0719841,808Resale
6525 Iron Liege Trl$310,000$2212026-04-2219831,403Resale
6620 Reigh Count Trl$310,000$2322026-04-1719881,336Resale
3413 Native Dancer Trl$325,000$2142026-04-1519781,516Resale
6842 Hill Gail Trl$360,000$2842026-04-1319881,266Resale
6615 Kingman Trl$495,000$2212026-04-1020062,240Resale
3228 Lord Murphy Trl$289,000$1572026-04-0319891,836Resale
2956 Whirlaway Trl$352,000$2082026-03-3119801,693Resale
6448 Joe Cotton Trl$299,000$1532026-03-1819821,957Resale
6712 Tim Tam Trl$275,000$2022026-03-1219841,362Resale
6605 Donerail Trl$385,000$2402026-03-1219941,606Resale
6348 Count Fleet Trl$450,000$3002026-03-0219791,500Resale
3504 Whirlaway Trl$320,000$1632026-02-2719811,968Resale
6428 Count Turf Trl$359,900$2232026-02-2619841,612Resale
6631 Kingman Trl$330,000$2292026-02-2019791,444Resale
6605 Tomy Lee Trl$308,000$2532026-02-1819941,217Resale
6530 Iron Liege Trl$327,400$2222026-02-1819831,476Resale
5328 Ben Brush Trl$465,000$2072026-01-2919832,248Resale
5257 Pimlico Dr$560,000$2182026-01-2319862,571Resale
6615 Kingman Trl$285,000$1272026-01-1320062,240Resale
3105 Elwood Trl$305,000$1862026-01-0919911,640Resale
3132 Lookout Trl$432,000$2072026-01-0519852,087Resale
6528 Kingman Trl$330,000$1872026-01-0519791,764Resale
6704 Kauai King Trl$324,900$2122025-12-3019871,534Resale
6632 Tim Tam Trl$270,000$1712025-12-1219891,578Resale
3248 Black Gold Trl$335,000$2022025-11-2619791,661Resale
6842 Hill Gail Trl$290,000$2292025-11-1719881,266Resale
6609 Tomy Lee Trl$299,000$2222025-11-1319881,344Resale
5281 Pimlico Dr$470,000$2462025-10-2219871,910Resale
6701 Tim Tam Trl$405,000$2132025-10-2119861,901Resale
6433 Kingman Trl$320,000$1932025-10-1619791,660Resale
2964 Whirlaway Trl$275,000$2262025-10-0319831,216Resale
3512 Whirlaway Trl$402,500$1822025-09-0519782,207Resale
5313 Ben Brush Trl$371,000$1652025-08-2819852,242Resale
6842 Tomy Lee Trl$278,000$1862025-08-2219811,498Resale
2903 Whirlaway Trl$330,000$2002025-08-1119891,650Resale
3231 Gallant Fox Trl$385,000$1632025-07-3119792,357Resale
3204 Gallant Fox Trl$345,000$2142025-07-3120041,609Resale
6416 Dancers Image Trl$315,000$2152025-07-2319781,468Resale
6557 Alan A Dale Trl$349,900$2052025-07-0319881,703Resale
6812 Hill Gail Trl$290,000$2252025-07-0119841,287Resale
6528 Montrose Trl$300,000$2382025-06-3019811,260Resale
6427 Count Turf Trl$329,000$1872025-06-3019771,758Resale
3314 Lucky Debonair Trl$320,000$1892025-06-2520021,696Resale
6847 Donerail Trl$300,000$2072025-06-2319801,446Resale
3224 Lord Murphy Trl$345,000$2462025-06-1620041,402Resale
6815 Tomy Lee Trl$275,000$2302025-06-1219851,195Resale
6152 Pimlico Ct$695,000$2172025-06-1119853,201Resale
6447 Joe Cotton Trl$342,500$2222025-06-0919891,545Resale
2912 Gallahadion Ct$370,000$2252025-06-0319841,646Resale
6440 Dancers Image Trl$360,000$1912025-06-0319891,881Resale
3228 Black Gold Trl$307,500$1922025-05-2319781,598Resale
6609 Tomy Lee Trl$210,000$1562025-05-1419881,344Resale
6716 Tim Tam Trl$324,900$2262025-04-2919861,440Resale
6808 Hill Gail Trl$335,000$2792025-04-2419851,200Resale
6928 Tomy Lee Trl$315,000$2302025-03-2719881,371Resale
3267 Lord Murphy Trl$356,000$2302025-03-1819871,548Resale
3204 Lord Murphy Trl$350,000$2282025-02-2819841,534Resale
6715 Kauai King Trl$360,000$2422025-02-2719941,490Resale
6447 Cavalcade Trl$307,500$1742025-02-1919771,764Resale
6416 Bold Venture Trl$275,000$2252025-02-0719801,220Resale
6800 Hill Gail Trl$280,000$2262025-01-3119811,238Resale
6180 Pimlico Ct$530,000$1702025-01-3019903,124Resale
6663 Kingman Trl$359,900$2472025-01-2419791,460Resale
3012 Pink Star Ct$329,000$2362025-01-2419851,396Resale
4987 Pimlico Dr$350,000$2092024-12-1619881,676Resale
6412 Count Turf Trl$172,500$1082024-12-1319771,604Resale
6431 Count Turf Trl$319,000$2192024-12-1219771,458Resale
6823 Hill Gail Trl$315,000$2202024-12-0419891,432Resale
6684 Kingman Trl$350,000$2132024-11-1519931,644Resale
6644 Kingman Trl$371,500$2012024-11-0820081,844Resale
6420 Cavalcade Trl$315,000$2242024-11-0719861,406Resale
3072 Whirlaway Trl$330,000$2292024-10-2319881,440Resale
6444 Joe Cotton Trl$292,500$2102024-10-0319811,392Resale
3345 Lucky Debonair Trl$269,900$1892024-09-1319861,431Resale

I hope you were able to learn something from this Killearn Acres Home Sales Report, please drop me a note if you have any other questions or concerns that I can help you with.

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