5 Bedroom Homes for Sale in Estill Springs, TN

5 Bedroom Homes for Sale in Estill Springs, TN May 19, 2024
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Med. List Price
10 Properties

Exploring Estill Springs, TN: A Hidden Gem for Homebuyers

Welcome to Estill Springs, Tennessee, a quaint town that offers a serene lifestyle with its picturesque landscapes and friendly community atmosphere. Nestled in Franklin County, Estill Springs is conveniently located just a short drive from larger cities like Nashville and Chattanooga, making it an ideal spot for those who cherish small-town charm with easy access to urban amenities. The town is surrounded by natural beauty, including the Tims Ford Lake, which is a hotspot for fishing, boating, and leisurely afternoons by the water.

Estill Springs 5 bedrooms Home

The local real estate market is thriving, with properties that often boast larger lot sizes compared to urban areas. Here, you can find a variety of home styles, from traditional single-family homes to more modern constructions, reflecting the diverse tastes of its residents. For those looking into relocating or purchasing property, Estill Springs offers competitive prices with the median listing price hovering around $357,000 as of the latest market trends.

The Appeal of 5-Bedroom Homes: Who's Buying Them?

Demographic Trends and Buyer Preferences

In Estill Springs, the demand for 5-bedroom homes is largely driven by growing families and professionals looking for ample space to accommodate home offices or guest rooms. These homes are particularly appealing because they offer the flexibility to meet a variety of lifestyle needs, from providing private spaces for remote work to hosting extended family gatherings. With the median price per square foot at about $196, these spacious homes offer great value, especially when compared to the costs in nearby urban centers.

Features and Amenities in 5-Bedroom Homes

Typical 5-bedroom homes in Estill Springs are designed with both comfort and functionality in mind. Many of these homes feature open floor plans, state-of-the-art kitchen facilities, and energy-efficient appliances. Architectural styles range from classic ranch designs to contemporary homes with modern aesthetics. Some properties come with special amenities like swimming pools, extensive outdoor living spaces, and custom upgrades like hardwood floors and granite countertops, which add to the allure of these residences. On average, these homes are situated on lots that exceed half an acre, providing plenty of room for outdoor activities and gardening.

Recent Market Trends for 5-Bedroom Homes in Estill Springs

Current Market Statistics

The real estate market in Estill Springs has seen a significant upturn, with the median sale price for homes recently reaching $294,500, marking a 26.4% increase year-over-year. Homes are selling at a robust pace, with properties averaging just 56 days on the market. For those considering selling, now is an opportune time as homes are fetching nearly 99.8% of their listed price, reflecting strong buyer demand in the area.

Estill Springs 5 bedrooms Homes

Comparison with Historical Data

Looking back over the past five years, the growth in home values has been consistent, with the average price per square foot rising from around $150 to $196. This trend underscores Estill Springs as an increasingly desirable location, not just for its lifestyle but also as an investment in real estate.

Price Comparison: Estill Springs vs. Surrounding Areas

Estill Springs vs. Nearby Winchester

Comparing Estill Springs to neighboring Winchester, the price for 5-bedroom homes in Estill Springs is generally more accessible. For instance, similar sized homes in Winchester are currently listing for an average of $410,000, which is significantly higher than in Estill Springs. This makes Estill Springs an attractive option for buyers looking for more space at a better price point.

Value Propositions in Surrounding Communities

Beyond Winchester, other nearby areas like Hillsboro also show varied pricing. Hillsboro's homes, comparable in size and features, list at an average of $375,000, still above Estill Springs' median. These differences highlight Estill Springs as a value spot for potential homeowners, offering larger property sizes and competitive amenities like proximity to natural reserves and lower county tax rates, which are typically around $0.70 per $100 of assessed value.

Spotlight on Local Amenities and Lifestyle

Education and Schools

Estill Springs is home to several well-regarded schools, which are a major draw for families considering moving to the area. The local public schools fall under the Franklin County School District, which includes Estill Springs Elementary, known for its dedicated staff and strong parent involvement. The presence of quality educational institutions adds to the town's family-friendly appeal, making it a prime location for those with children.

Estill Springs TN 5 bedrooms Homes

Recreational and Shopping Facilities

The town boasts a variety of recreational opportunities, particularly for those who enjoy outdoor activities. Tims Ford State Park is just a short drive away and offers camping, boating, and fishing. Estill Springs also features several local parks, community centers, and a vibrant downtown area with shops and restaurants that cater to all tastes and budgets. The blend of natural beauty and convenient amenities makes living in Estill Springs highly desirable for active families and retirees alike.

Architectural Styles and Popular Designs in Estill Springs

Common Home Designs

Estill Springs showcases a diverse array of architectural styles, reflecting its rich history and the modern tastes of its residents. Many of the homes feature traditional American styles such as Colonial, Craftsman, and Cape Cod, which blend seamlessly with the town's picturesque surroundings. Newer constructions often incorporate modern elements like open floor plans and large windows that provide ample natural light and views of the lush Tennessee landscape.

Construction and Home Age

The homes in Estill Springs vary widely in age, with many properties dating back to the mid-20th century, while newer developments offer state-of-the-art features and energy-efficient designs. Older homes in the area are often sought after for their character and charm and are frequently updated with modern amenities like updated kitchens and smart home technology, providing a perfect blend of old-world charm and modern convenience.

What to Expect Inside a 5-Bedroom Home in Estill Springs

Interior Layout and Features

The spacious 5-bedroom homes in Estill Springs typically offer between 2,500 to 3,500 square feet of living space, catering to the needs of growing families or those who entertain frequently. Inside, these homes often feature a mix of formal and informal spaces, including large family rooms, a home office, and separate dining areas. Kitchens are generally designed with functionality in mind, equipped with modern appliances, ample counter space, and islands that serve as the heart of the home. Master suites are luxurious, often with walk-in closets and en-suite bathrooms that include dual vanities and soaking tubs.

Amenities and Special Features

Many 5-bedroom homes in this region are equipped with additional amenities that add convenience and comfort. This includes home automation systems, energy-efficient HVAC systems, and high-quality insulation, which are becoming increasingly popular among new constructions. Outdoor living spaces are also common, with features like covered patios, outdoor kitchens, and fire pits that are perfect for entertaining or relaxing after a long day.

Insight into the Land and Property Sizes in Estill Springs

Typical Property Sizes

Properties in Estill Springs are known for their generous lot sizes, typically ranging from half an acre to over two acres. This extra space provides homeowners with privacy and plenty of room for outdoor activities. It’s not uncommon to find homes with beautifully landscaped gardens, children’s play areas, and even space for a small farm or garden.

Potential for Expansion and Customization

The larger lot sizes not only offer ample outdoor space but also provide potential for future expansions or customizations. Homeowners have the flexibility to add additional buildings like workshops, garages, or guest houses. This adaptability makes it ideal for families who may need more space as their needs grow or change over time.

Upgrades and Renovations: Enhancing Your Estill Springs Home

Popular Home Improvements

Homeowners in Estill Springs often choose to invest in renovations that enhance both the value and livability of their properties. Kitchen remodels are particularly popular, with many opting to install modern appliances, quartz countertops, and custom cabinetry. Bathroom upgrades are also common, where additions like walk-in showers and spa-like features can transform a basic bathroom into a luxurious retreat. Energy efficiency upgrades, such as solar panels and high-efficiency windows, are increasingly sought after due to their long-term cost savings and environmental benefits.

Cost vs. Value of Home Renovations

The cost of home renovations can vary widely, but they typically offer a good return on investment (ROI). For example, minor kitchen remodels in the region can cost around $20,000 and yield an ROI of approximately 80%, making them a smart financial decision for homeowners looking to increase their property's market value.

Making Estill Springs Home: Steps to Purchase Your Ideal Property

Understanding the Buying Process

Purchasing a home in Estill Springs involves several steps, starting with securing a reliable real estate agent who understands the local market. Buyers will need to get pre-approved for a mortgage, which provides a clear idea of their budget and strengthens their position in negotiations. Once a property has been selected, the process moves to making an offer, undergoing a home inspection, and closing the deal, which typically includes handling legal paperwork and finalizing financial transactions.

Why Choose Estill Springs?

Estill Springs is not just a place to buy a home; it's a community where people can truly settle down and enjoy a quality of life that balances natural beauty with convenient amenities. With its competitive real estate prices, lower cost of living compared to urban areas, and charming local culture, Estill Springs offers an attractive package for potential homeowners from all walks of life.

In summary, buying a home in Estill Springs means investing in a lifestyle as much as a property. From the spacious and versatile 5-bedroom homes to the community-focused amenities and beautiful natural surroundings, Estill Springs provides a unique and valuable opportunity for anyone looking to make their mark in Tennessee. Whether upgrading a home or stepping into a new one, the potential for a fulfilling and enriched life is boundless.