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3 Bedroom Homes for Sale in Elora, TN

3 Bedroom Homes for Sale in Elora, TN May 19, 2024
29
Listed
78
Avg. DOM
$137.95
Avg. $ / Sq.Ft.
$199,900
Med. List Price
29 Properties
Page 1 of 3

Introduction to Elora, TN: A Place to Call Home

Elora, Tennessee, may not be a name you hear often, but for those in the know, it's a hidden gem tucked away in the southeastern part of the state. This quaint community offers a serene lifestyle away from the hustle and bustle of larger cities. The local landscape is marked by rolling hills and lush greenery, providing a picturesque backdrop for its residents. With a population that values community and simplicity, Elora represents an ideal spot for those looking to settle down in a quiet, rural setting.

Elora 3 bedrooms Home

Current Market Overview: 3 Bedroom Homes in Elora

Real Estate Trends and Pricing

The real estate market in Elora is characterized by its affordability and accessibility. Currently, the average price for a 3-bedroom home ranges from $250,000 to $300,000, making it a viable option for families and first-time home buyers. These homes typically offer around 1,500 to 2,000 square feet of living space, often accompanied by spacious lots ranging from half an acre to over two acres, giving ample room for gardens, play areas, and outdoor entertaining.

Home Characteristics and Features

Properties in Elora often feature traditional architectural styles, with many homes constructed from brick or stone, which not only adds to their aesthetic appeal but also provides durability. Most homes are relatively new, with many constructed within the last 20 years, ensuring modern amenities and updated features like energy-efficient appliances, hardwood flooring, and open floor plans. Additionally, many homes come with upgrades such as granite countertops, stainless steel appliances, and hardwood floors, catering to contemporary tastes and needs.

Detailed Look at Property Types and Sizes

Range of Property Options

In Elora, 3-bedroom homes come in various forms, including single-family homes, townhomes, and occasionally, larger plots with room for expansion. The average property size for these homes is generous, typically featuring lots ranging from 0.5 to 2 acres. This size range offers plenty of outdoor space for recreational activities, gardening, or even small-scale farming.

Elora 3 bedrooms Homes

Living Space and Layout

The internal layout of these homes is designed with families in mind, providing a balance of open spaces for communal activities and private areas for individual retreat. Average square footage for 3-bedroom homes in Elora falls between 1,500 and 2,500 square feet. The common layout includes multiple bathrooms, a kitchen with dining area, and one or more living areas, making it suitable for family life and entertaining guests.

Architectural Styles and Home Features

Architectural Diversity

Elora's residential architecture primarily showcases traditional styles, with craftsman and ranch-style homes prevalent throughout the area. These homes often feature decorative details such as stone accents, wooden beams, and covered porches that enhance their rustic charm and functionality.

Modern Amenities and Upgrades

Despite the traditional exterior, many homes in Elora are equipped with modern amenities. Recent constructions and renovated homes might include features like energy-efficient systems, modern HVAC units, and high-tech home automation systems. Upgrades like hardwood floors, granite countertops, and stainless steel appliances are commonly found, catering to modern tastes while enhancing the home's value and appeal.

Price Points: What Can You Expect to Spend?

Affordable Options for Everyone

In Elora, the housing market is diverse, offering something for every budget. Prices for 3-bedroom homes generally start around $200,000, making it an accessible market for many first-time homebuyers and families. On the higher end, luxury properties can reach upwards of $350,000, featuring larger plots of land and more elaborate designs and finishes.

Elora TN 3 bedrooms Homes

Cost Details

The cost of living in Elora is relatively low compared to larger nearby cities. For instance, county taxes are reasonable, providing an added financial benefit to residents. Property taxes in the area average about 0.74% of the property's assessed value, which translates to lower annual expenses for homeowners.

Understanding the Local Amenities and Lifestyle

Community and Recreation

Elora is not just about the homes; it’s about the lifestyle. The community boasts various local amenities such as parks, recreational centers, and community pools that cater to all age groups. Additionally, Elora is within driving distance to larger urban centers, offering residents easy access to more extensive shopping, dining, and entertainment options.

Educational and Healthcare Facilities

The local school district offers reputable education options, and there are several healthcare facilities within the community or nearby, ensuring that educational and health needs are adequately met. This makes Elora an ideal location for families looking for a balance between rural charm and essential modern conveniences.

Schools and Education in Elora

Local Educational Opportunities

Elora offers a range of educational facilities that cater to varying needs, ensuring families have access to quality education. The local schools, including Elora Elementary, are known for their strong emphasis on student engagement and community involvement. For older students, the nearby high schools offer a variety of extracurricular activities and advanced placement courses, preparing them for college and future careers.

Navigating Property Purchases: Taxes and Fees

Understanding Local Tax Structures

When purchasing a home in Elora, it’s crucial to understand the local tax implications. The county property tax rate is relatively low, which can significantly reduce yearly homeowner expenses compared to other regions. This financial advantage makes Elora an attractive option for potential homebuyers looking for affordability.

Additional Costs of Homeownership

Beyond the purchase price, buyers should also consider other costs associated with owning a home in Elora, such as insurance, maintenance, and possible homeowners' association fees. However, the overall cost of living here remains lower than many other parts of Tennessee, adding to its appeal as a place to buy a home.

Investment Potential: Real Estate Growth in Elora

Real Estate as a Long-Term Investment

Investing in real estate in Elora offers significant long-term benefits. The community's steady population growth and the increasing demand for homes signal a positive trend for property value appreciation. With the current market's affordability, now is an opportune time for investors to consider Elora as a potential hotspot for real estate investments.

Why Choose Elora? The Ideal Place for Your New Home

Advantages of Living in Elora

Elora is more than just a place to buy a house; it's a community where you can truly belong. Its low cost of living, coupled with the scenic beauty and friendly neighborhood atmosphere, makes it a perfect place for families, retirees, and singles alike. The commitment to maintaining a high quality of life while fostering community spirit is evident in every corner of Elora.

In summary, Elora, TN, offers a welcoming environment with a variety of housing options, excellent educational resources, and a community-focused lifestyle. Its affordability and investment potential make it an attractive choice for anyone looking to purchase a home. Whether you're seeking a peaceful rural life or a wise investment opportunity, Elora presents a compelling proposition.