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Timber Lake Home Sales

The Timber Lake neighborhood was in the news yesterday, as Leon County commissioners approved a million dollar expenditure for flood relief. This additional money joins a federal grant of $2.4M for its flood-relief project.

So what have home values in Timber Lake been doing over the past 10 years? Like the rest of the Tallahassee real estate market, this popular Southeast Tallahassee neighborhood has seen depreciation. But home values and prices have fallen further in Timber Lake than in many other parts of town. Some of this has to be attributed to the flooding problems, and distressed property sales have contributed as well.

Currently, there are 7 Timber Lake homes for sale in the Tallahassee MLS, as well as 1 lot and 1 rental property. Asking prices go from $90,000 to $125,000, and the rental property is available for $1,200 per month.

Timber Lake Home Prices

In the real estate graph below, the number of home sales each year are shown in the green (arms length) and red (distressed) vertical bars and measured on the left axis, while the average home price in Timber Lake is shown in the brown field and measured on the right axis.

Timber Lake Home Prices

The average price for a home sold in Timber Lake in 2011 is just over $106,000, which is 34% lower than the $160,000 average reached in 2006 at the height of the housing market. Of greater concern however is that in 2006, 29 homes were sold, and this year only 4 sales have closed, 2 of which were distressed properties.

Timber Lake Home Values

Home values in Timber Lake have fallen 33% since 2007, where the average value was $131 per square foot, compared to the current average of $87 per foot. The fact that sales are significantly slower than the rest of the Tallahassee real estate market has to be tied to the flooding problems, so the work being done to fix it over the next 8 months might open the door for higher buyer activity. This is one neighborhood in Tallahassee where waiting to sell a home might actually bring a higher price.

Timber Lake Home Values

As with all of our Tallahassee neighborhood reports, we provide these as important market information for home sellers and home buyers in the Tallahassee housing market. If you have a home that you are needing to sell, please schedule a time to see our Progressive Home Selling Plan. It will open your eyes to the changes in the real estate market and what it takes to get top price in an internet-based home selling environment.

Recent Timber Lake Home Sales

Address Sales Price Price/SQF Closing Date Year Built SQF
4135 White Pine Court $116,000 $97 8/10/2011 1990 1,192
1499 Grey Fox Run $93,465 $75 6/9/2011 1995 1,240
4228 Red Oak Drive $125,000 $102 5/13/2011 1989 1,228
1479 Bent Willow Drive $92,000 $75 4/15/2011 1988 1,228
4122 Laurel Oak Circle $119,000 $83 10/6/2010 1988 1,428
4232 Red Oak Drive $132,500 $108 9/17/2010 1988 1,228
4106 Cottage Wood Trail $105,000 $88 9/2/2010 1999 1,188
4116 Red Cedar Court $125,000 $102 8/2/2010 1990 1,228
4078 Cottage Wood Trail $104,700 $104 6/30/2010 1987 1,007
4162 Laurel Oak Circle $123,500 $75 6/30/2010 1994 1,649
4138 Laurel Oak Cir $133,500 $106 6/4/2010 1993 1,254
4130 Laurel Oak Circle $128,000 $106 5/27/2010 1990 1,204
1496 Bent Willow Drive $136,000 $111 3/16/2010 1989 1,224
1565 Sprucewood Trail $131,000 $107 1/26/2010 1988 1,228
4133 Sugar Bear Drive $125,000 $118 12/11/2009 1988 1,059
4109 Red Cedar Ct $136,000 $131 11/30/2009 1989 1,038
1511 Bent Willow Drive $84,900 $69 11/30/2009 1993 1,232
1470 Grey Fox Run $108,000 $108 8/27/2009 1994 1,000
4130 Cottagewood Drive $125,000 $105 8/24/2009 1988 1,190
4125 Red Cedar Court $142,500 $116 7/30/2009 1990 1,233
4204 Red Oak Drive $137,000 $112 6/26/2009 1994 1,228
4111 Stag Run Court $134,000 $106 6/22/2009 1987 1,260
1529 Cinnamon Bear Circle $136,250 $111 6/5/2009 1988 1,228
4066 Cottage Wood Trl $134,000 $121 5/29/2009 1987 1,106
4139 White Pine Ct. $140,000 $114 3/31/2009 1989 1,232
4252 Red Oak Dr $89,000 $89 3/20/2009 1988 1,000
4154 Laurel Oak Circle $145,000 $122 9/9/2008 1995 1,184
4130 White Pine Court $154,000 $123 7/29/2008 1989 1,248
1549 Cinnamon Bear Cir $155,500 $128 7/23/2008 1988 1,215
1433 Timber Ridge Dr $158,900 $129 4/15/2008 1994 1,234
4113 Sugar Bear Drive $153,000 $125 4/11/2008 1988 1,228
1482 Grey Fox Run $143,100 $117 2/14/2008 1996 1,228
4132 Red Cedar Court $160,000 $130 9/28/2007 1988 1,228
1496 Bent Willow Drive $157,500 $129 8/29/2007 1989 1,224
4142 Cottagewood Trail $166,000 $136 8/21/2007 1990 1,224
4240 Red Oak Dr $145,000 $144 8/10/2007 1989 1,008
1463 Grey Fox Run $162,900 $133 7/20/2007 1997 1,228
4058 Cottagewood Trl $159,900 $140 6/15/2007 1987 1,140
4192 Red Oak Drive $155,000 $128 6/15/2007 1994 1,208
1468 Bent Willow Dr. $154,000 $122 6/1/2007 1990 1,260
4070 Cottage Wood Trail $140,000 $125 5/28/2007 1987 1,123
4125 Laurel Oak Circle $164,900 $134 3/9/2007 1990 1,228
4130 White Pine Court $154,133 $126 3/1/2007 1989 1,228
4204 Red Oak Drive $146,700 $119 2/27/2007 1994 1,228
4220 Red Oak Drive $156,000 $139 2/23/2007 1989 1,122
4123 White Pine Ct $162,000 $133 12/19/2006 1988 1,215
4138 White Pine Court $162,000 $137 12/13/2006 1989 1,184
4054 Cottage Wood Trail $175,000 $134 12/13/2006 1987 1,308
1541 Cinnamon Bear Cir $155,000 $129 11/30/2006 1987 1,202
4177 Laurel Oak $156,000 $122 9/20/2006 1990 1,280
1568 Sprucewood Trl $160,000 $127 9/18/2006 1987 1,260
4170 Laurel Oak Circle $175,500 $119 9/8/2006 1994 1,481
4125 Sugar Bear $158,000 $127 8/30/2006 1989 1,248
4208 Red Oak Drive $164,000 $134 8/18/2006 1988 1,228
1450 Grey Fox Run $169,900 $138 8/15/2006 1994 1,234
4106 Cottage Wood Trl $160,500 $135 7/31/2006 1999 1,188
1464 Bent Willow Drive $158,500 $130 7/21/2006 1990 1,218
4167 Red Oak Dr $164,900 $145 7/12/2006 1994 1,140
4130 Stag Run Ct $167,000 $136 7/7/2006 1988 1,228
4178 Laurel Oak Circle $177,900 $130 6/30/2006 1993 1,364
4183 Red Oak Drive $169,900 $136 6/27/2006 1994 1,253
1462 Grey Fox Run $164,500 $128 6/2/2006 1993 1,290
1470 Grey Fox Run $134,000 $129 5/26/2006 1994 1,035
158L Cinnamon Bear Cir $169,000 $128 5/12/2006 1987 1,319
4135 White Pine Court $151,000 $124 4/21/2006 1990 1,220
1463 Grey Fox Run $163,000 $133 4/6/2006 1997 1,228
4142 Laurel Oak Cir $164,000 $128 4/5/2006 1993 1,279
4109 Red Cedar Ct $135,000 $130 3/31/2006 1989 1,040
4187 Red Oak $149,500 $120 3/31/2006 1994 1,248
1503 Grey Fox Run $154,000 $137 3/27/2006 1994 1,126
1520 Bent Wilow Drive $159,900 $139 3/15/2006 1989 1,154
1495 Grey Fox $153,000 $128 3/9/2006 1995 1,200
1547 Spruce Wood Trl $158,000 $125 3/6/2006 1990 1,265
1483 Bent Willow Dr $160,375 $112 1/12/2006 1988 1,437
4131 White Pine Ct $139,000 $122 12/30/2005 1987 1,140
1482 Grey Fox Run $150,900 $123 12/29/2005 1996 1,228
4227 Red Oak Drive $160,000 $130 12/22/2005 1989 1,228
1512 Bent Willow Dr. $156,500 $125 10/31/2005 1990 1,256
1568 Sprucewood $148,500 $118 10/14/2005 1987 1,260
1479 Bent Willow Drive $156,000 $127 9/23/2005 1988 1,228
4146 Laurel Oak Cir $142,000 $124 8/31/2005 1993 1,141
1555 Spruce Wood Trail $139,500 $137 8/22/2005 1988 1,016
4212 Red Oak Dr $150,000 $122 7/27/2005 1988 1,228
4045 Cottagewood Trail $153,900 $120 7/27/2005 1987 1,280
1459 Grey Fox Run $152,500 $124 7/27/2005 1994 1,228
4106 Cottage Wood Trail $137,900 $116 7/25/2005 1999 1,188
4042 Cottage Wood Trail $139,900 $114 7/8/2005 1988 1,228
4126 Laurel Oak Circle $143,900 $119 6/15/2005 1990 1,214
4120 Red Cedar Ct $137,500 $111 3/25/2005 1989 1,238
1484 Bent Willow Dr $135,000 $106 3/25/2005 1989 1,278
4122 White Pine Court $137,800 $112 3/1/2005 1990 1,228
1498 Grey Fox Run $127,500 $112 2/25/2005 1994 1,140
4066 Cottagewood Trail $125,000 $95 2/15/2005 1987 1,320
4110 Cottage Wood Trail $129,000 $108 12/6/2004 1987 1,200
4220 Red Oak Drive $121,000 $108 11/24/2004 1989 1,122
1451 Grey Fox Run $132,000 $105 11/10/2004 1987 1,254
1549 Cinnamon Bear Circle $124,550 $103 10/12/2004 1988 1,215
4126 White Pine Ct. $111,200 $110 10/1/2004 1989 1,008
1512 Bent Willow Dr $129,900 $103 8/19/2004 1990 1,256
4165 Laurel Oak Circle $131,098 $105 8/17/2004 1994 1,254
4146 Laurel Oak Cir $118,500 $104 8/3/2004 1993 1,141
1515 Bent Willow Dr $125,000 $102 8/3/2004 1988 1,228
4228 Red Oak Drive $125,000 $101 7/26/2004 1989 1,232
1508 Bent Willow Drive $129,400 $106 6/30/2004 1989 1,224
1450 Grey Fox Run $127,000 $102 6/7/2004 1994 1,240
4130 Stag Run Court $112,900 $88 6/2/2004 1988 1,288
1523 Bent Willow Drive $118,000 $101 5/27/2004 1989 1,168
1541 Cinnamon Bear Circle $125,000 $104 5/21/2004 1987 1,202
1502 Grey Fox Run $128,000 $107 5/10/2004 1996 1,201
4041 Cottage Wood Trail $116,500 $101 5/3/2004 1988 1,155
4131 Laurel Oak Circle $125,000 $99 3/31/2004 1988 1,258
1472 Bent Willow Dr $117,900 $96 3/12/2004 1990 1,228
4122 Laurel Oak Circle $125,000 $88 3/2/2004 1988 1,418
4138 White Pine Court $115,000 $94 1/5/2004 1989 1,227
Please check back again in the future for updates of home sales in Timber Lake in Tallahassee.

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Joe Manausa Real Estate
1934 Dellwood Drive
Tallahassee, FL 32303
(850) 366-8917