• Home
  • Elora
  • 4 Bedroom Homes for Sale in Elora, TN

4 Bedroom Homes for Sale in Elora, TN

4 Bedroom Homes for Sale in Elora, TN May 19, 2024
5
Listed
105
Avg. DOM
$137.01
Avg. $ / Sq.Ft.
$319,000
Med. List Price
5 Properties

Introduction: Discovering 4 Bedroom Homes in Elora, TN

Elora, Tennessee, a hidden gem nestled in the heart of Franklin County, offers a range of 4-bedroom homes that cater to both growing families and those seeking spacious comfort. In recent months, the real estate market here has seen a notable influx of interest, with homes averaging between $250,000 and $350,000. These homes typically offer around 2,500 to 3,500 square feet of living space, providing ample room for comfort and creativity.

Elora 4 bedrooms Home

Market Trends at a Glance

Over the past year, the market for 4-bedroom homes in Elora has maintained a steady pace, with properties usually staying on the market for about 45 to 60 days. This stability is a sign of a balanced market, where both buyers and sellers can find favorable conditions. The average property tax for these homes stands at approximately 0.7% of their assessed value, making Elora an economically appealing option for many.

What Makes Elora, TN Special?

Elora isn’t just a place to buy a house; it's a place to make a home and build a life. Its proximity to larger cities like Huntsville, AL, only a 35-minute drive away, offers the perfect blend of rural charm and urban access. The area is surrounded by natural beauty, including the Elk River, providing stunning views and a host of outdoor activities such as fishing, hiking, and camping.

Local Attractions and Economy

The local economy in Elora thrives on a mix of agriculture and small-scale manufacturing, which sustains the community and keeps the local culture vibrant and welcoming. Annually, the Elora Fiddlers Convention draws crowds from across the state, showcasing the rich musical heritage of the region. Moreover, Elora’s proximity to the Alabama border allows residents to enjoy a diverse range of cultural and economic benefits.

Understanding the Local Real Estate Market

The real estate landscape in Elora, TN, presents a dynamic yet stable environment for prospective homebuyers, especially those looking for 4-bedroom homes. Currently, the average price for these spacious homes hovers around $295,000, reflecting a slight increase from last year's average of $280,000. This upward trend is indicative of Elora's growing appeal and the overall health of its housing market.

Elora 4 bedrooms Homes

Annual Market Trends

On average, 4-bedroom homes in Elora have seen an appreciation rate of about 3% annually, making them a solid investment for homeowners. These homes typically offer between 2,200 and 3,800 square feet of living space, allowing for a variety of lifestyle options from more traditional layouts to open floor plans with modern amenities.

Architectural Styles and Home Designs in Elora

Elora boasts a diverse array of architectural styles that cater to a wide range of tastes and preferences. The most common styles include Craftsman, which is known for its large porches and exposed wooden elements, and the Modern Farmhouse, which combines rustic charm with modern sleekness. These homes often feature materials such as brick, stone, and siding, contributing to their aesthetic appeal and structural integrity.

Construction and Design Features

The average age of 4-bedroom homes in Elora ranges from newly constructed properties to homes built in the late 20th century. Many of these homes have undergone recent renovations to include contemporary features such as granite countertops, hardwood floors, and energy-efficient appliances. Additionally, the larger floor plans typically include amenities such as multiple bathrooms, a home office, or a dedicated media room, aligning with current housing trends that favor comfort and practicality.

Inside Elora’s 4 Bedroom Homes: Layouts and Features

Elora's 4-bedroom homes are designed with family and functionality in mind. The average square footage for these homes ranges from 2,500 to 3,000 square feet, offering spacious living areas, multiple bathrooms, and often, a bonus room that can serve as a home office or playroom. Many homes feature an open floor plan that connects the living room, dining area, and kitchen, ideal for family gatherings and entertaining guests.

Elora TN 4 bedrooms Homes

Interior Amenities and Upgrades

Recent trends in home upgrades within Elora include state-of-the-art kitchen appliances, energy-efficient HVAC systems, and smart home technologies that control lighting, heating, and security systems remotely. Luxurious touches such as hardwood floors, crown moldings, and large master suites with walk-in closets are also common in these homes, adding a touch of elegance to practical living spaces.

Lot Sizes and Property Features in Elora

The average lot size for a 4-bedroom home in Elora is around half an acre, providing ample outdoor space for landscaping, gardens, and recreational areas. These properties often include features like attached garages, fenced yards, and patios or decks that offer beautiful views of the surrounding countryside or nearby mountain ranges.

Outdoor Living and Landscaping Trends

Outdoor living spaces are highly valued in Elora, with many homeowners opting for outdoor kitchens, fire pits, and spacious patios for entertaining. Landscaping trends focus on sustainability and low maintenance, with native plants and drought-resistant gardens becoming increasingly popular. These outdoor features not only enhance the living experience but also contribute to the property's curb appeal and overall value.

Price Trends for 4 Bedroom Homes in Elora

Elora’s real estate market has shown resilience and steady growth, especially in the segment of 4-bedroom homes. Currently, the average price for these homes ranges from $275,000 to $325,000, depending on specific features and locations. The median price sits comfortably at around $300,000, which is quite competitive considering the regional amenities and quality of life.

Factors Influencing Home Prices

The variation in prices can be attributed to several factors including the age of the home, its condition, the size of the property, and proximity to key amenities like schools and shopping centers. Newer homes and those recently renovated tend to fetch higher prices due to modern designs and updates. Additionally, homes closer to major attractions and community centers also see higher property values.

Local Schools and Education Excellence

For families considering a move to Elora, the quality of local education is often a deciding factor. Elora is served by the Franklin County School District, which includes several highly rated schools. For instance, Elora Elementary School is known for its robust academic programs and community involvement, creating a supportive learning environment for children.

Education Opportunities Near Residential Areas

The proximity of educational institutions to residential neighborhoods is excellent in Elora. Most 4-bedroom homes are within a 10 to 15-minute drive from top-rated schools, which not only provides convenience for families but also positively impacts the property values. The presence of additional educational resources, like libraries and afterschool programs in these areas, further enhances the appeal for family-oriented homebuyers.

Elora’s Community and Neighborhoods

Elora boasts a variety of neighborhoods, each offering unique advantages and characteristics that cater to diverse preferences and lifestyles. The community atmosphere is friendly and inclusive, making it a preferred destination for many families and professionals. Neighborhoods like River Run and Meadowlands are particularly popular, known for their well-kept properties and close-knit community feel.

Community Amenities and Safety

Community amenities in Elora include multiple parks, community centers, and walking trails that enhance the quality of life for its residents. Safety is a priority, and the low crime rates in these areas reflect the community’s commitment to maintaining a secure environment. This makes Elora not only a great place to live but also a safe one, where people can enjoy a peaceful lifestyle with their families.

Is Elora Right for Your Next Home?

If you’re considering a move or looking to invest in property, Elora, TN, offers a compelling array of options. With its beautiful landscapes, strong community spirit, and robust housing market, Elora represents an excellent opportunity for potential homeowners. Whether you’re attracted to its cultural richness, educational opportunities, or simply the charm of its neighborhoods, Elora is a place where you can find a home to love and a community to belong to.

Summary

In conclusion, Elora, TN, is a vibrant community with a dynamic real estate market. Homebuyers interested in 4-bedroom homes will find a variety of architectural styles, modern amenities, and welcoming neighborhoods here. With its commitment to safety, community, and education, coupled with the natural beauty of the surrounding areas, Elora is an ideal place for families and individuals alike looking for a place to call home.