Anderson, Tullahoma, TN Homes for Sale

Anderson, Tullahoma, TN Homes for Sale July 24, 2024
16
Listed
65
Avg. DOM
$165.98
Avg. $ / Sq.Ft.
$252,450
Med. List Price
16 Properties
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Overview of Anderson, Tullahoma, TN Real Estate Market

The Anderson neighborhood in Tullahoma, TN, offers a dynamic real estate market characterized by a variety of home styles and an appealing blend of historical and modern properties. In recent months, the average sale price of homes in Anderson has hovered around $250,000, reflecting a steady demand influenced by the area's charming settings and well-established community. Buyers will find that properties in Anderson typically offer generous space, with average home sizes around 1,800 to 2,200 square feet, nestled on lots that provide ample outdoor living.

Key Market Trends

The Anderson area has seen a price increase of approximately 5% over the past year, indicating a healthy appreciation of property values. This trend is supported by a low average days on market (DOM) of 30 days or less, which suggests a strong buyer interest and a relatively quick turnover for listed properties. This is advantageous for sellers looking to capitalize on the robust market conditions.

Types of Homes Available in Anderson

Anderson's real estate portfolio is diverse, offering something for everyone, from quaint bungalows to spacious family homes. The architectural styles in the neighborhood range from traditional Ranch and Cape Cod to more contemporary Craftsman and modern farmhouse designs.

Construction and Design

Most homes in Anderson feature robust construction, often with brick or stone exteriors, and are designed with both aesthetics and functionality in mind. Many homes boast modern upgrades such as energy-efficient appliances, hardwood floors, and granite countertops, catering to the desires of today's homeowners. The older homes, some of which date back to the early 20th century, often feature historical elements like original woodwork and classic fireplaces, offering a slice of history alongside modern comfort.

Price Range and Property Values in Anderson

In Anderson, homes cater to a broad spectrum of budgets, ranging typically from $200,000 to $300,000. This variation in pricing allows both first-time homebuyers and more seasoned investors to find suitable options. The average property value in Anderson reflects a stable market where homes maintain or increase their worth, providing a solid foundation for real estate investment.

Market Analysis

As of the latest data, the median sale price in Anderson stands at $250,000, with some of the newer, larger homes reaching upwards of $350,000. These figures represent a competitive market compared to neighboring areas, where prices can vary significantly. The annual property tax for homes in Anderson averages about $2,000, aligning with the county’s moderate tax rate.

Lot Sizes and Property Dimensions in Anderson

Property sizes in Anderson are generous, providing ample space for gardens, outdoor activities, and expansions. The typical lot size ranges from 0.25 to 0.5 acres, though larger properties of 1 acre or more are not uncommon, particularly on the outskirts of the neighborhood.

Comparative Property Sizes

Comparatively, homes in Anderson offer more space than many urban counterparts, making it an attractive area for those looking for room to grow. The square footage of homes varies, with many properties featuring between 1,500 and 2,500 square feet of living space, ideal for families looking for room to spread out or entertain.

Interior and Exterior Features Common in Anderson Homes

Homes in Anderson are renowned for their well-thought-out interior layouts and attractive exteriors. Inside, many homes feature open floor plans, large kitchens with islands, and master suites with walk-in closets and ensuite bathrooms. Common interior upgrades include stainless steel appliances, granite countertops, and hardwood floors.

Outdoor Living Enhancements

Externally, Anderson homes often boast landscaped yards, private back decks, and, in some cases, in-ground pools. These features are popular among residents who value outdoor living and entertainment. Vinyl siding and brick are the most common exterior materials, providing durability and easy maintenance.

Age Range of Properties in Anderson

The properties in Anderson span a wide range of ages. While many homes were built during the residential development boom of the 1990s and early 2000s, there are also several newly constructed homes available. Additionally, a selection of homes dates back to the mid-20th century, offering classic charm combined with modern comforts.

Historical vs. Modern Homes

Buyers interested in historical homes will appreciate the craftsmanship of properties built around the 1950s, which often include custom woodwork and classic architectural details. Newer constructions, on the other hand, focus on modern efficiency standards, open layouts, and contemporary amenities that cater to today's lifestyle demands.

Local Amenities and Lifestyle in Anderson

Anderson offers a rich array of amenities that cater to a diverse set of interests and needs. Residents have access to multiple local parks, such as Cedar Lane Park, which features walking trails, playgrounds, and sports facilities. Shopping enthusiasts will find a variety of stores and boutiques in the nearby Tullahoma Shopping Center, providing both convenience and a touch of local charm.

Community Events and Activities

The community is active and family-friendly, with numerous events held throughout the year, including seasonal festivals and farmers' markets. These events foster a strong sense of community and provide residents with opportunities to engage with neighbors and enjoy the vibrant local culture.

Schools and Educational Opportunities in Anderson

Families in Anderson benefit from access to quality education. The neighborhood is served by several well-regarded schools, including Anderson Elementary, which consistently ranks highly for both academic performance and student engagement. Tullahoma High School offers a range of advanced placement courses and extracurricular activities, supporting a well-rounded educational experience.

Further Education and Development

Beyond the standard curriculum, local schools offer programs in STEM, arts, and sports, which help in the development of diverse skills among students. Additionally, several after-school programs and community workshops are available to enhance learning and personal development outside of the traditional classroom setting.

Anderson’s Connectivity and Transportation Options

Anderson boasts excellent connectivity and transportation options that make it easy for residents to navigate and explore. Major highways such as Interstate 24 are easily accessible, connecting Anderson to larger cities and attractions. Public transportation is available through the Tullahoma Transit Service, which provides reliable bus routes throughout the area, making daily commutes and travels convenient for those without personal vehicles.

Proximity to Key Locations

Anderson’s strategic location ensures that residents are just a short drive away from essential services and entertainment options. The average commute time for residents in Anderson is approximately 20 minutes, significantly lower than the national average, allowing more time for family and leisure activities.

Future Outlook for Anderson, Tullahoma, TN

The future outlook for Anderson is positive, with projected growth in both residential and commercial sectors. The ongoing development of local infrastructure and amenities suggests that property values are likely to continue their upward trend, making Anderson a promising area for real estate investment. The neighborhood's commitment to maintaining a high quality of life for its residents ensures its ongoing attractiveness as a desirable place to live.

Growth and Development Projections

With several new housing developments and community projects on the horizon, Anderson is set to offer even more to potential homebuyers. These developments are expected to bring modern housing options while respecting the area's natural beauty and historical significance.

In summary, Anderson, Tullahoma, TN, presents a thriving real estate market with diverse housing options, excellent amenities, and strong community ties. From its varied property styles and affordable prices to its robust educational system and strategic location, Anderson offers a compelling blend of attributes that appeal to families, young professionals, and investors alike. The neighborhood's promising future growth and ongoing developments make it an ideal location for purchasing a home and investing in real estate.