#4 in the 37216 Series. Intriguing Spots. Historically, neighborhoods east of Gallatin Road in 37206 and 37216 have brought better values. While Maplewood is on the west side of Gallatin, several homes closed briskly and for an impressive little dollar amount. With The Home Depot opening its doors in 2008, the neighboring homes have seen a jolt in interest and value.
East Hill continues to be the wild card 37216 spot. Rich Tudor style and well manicured streets continue to attract buyers who are willing to pay a random higher price than what the neighborhood typically brings. The constant improvement of businesses in the immediate area help. Las Maracas and SouthernBred continue to attract patrons from all parts of Davidson County, adding clout to this part of the zip code.
Trends for 37216. This entire area is street after street of potential. While prices have stagnated a bit, improvements continue to be made in numerous neighborhoods. South Inglewood’s streetscaping and new signs went into place in 2009, creating a more desireable aesthetic for its residents.
With Riverside Village continuing to get more and more trendy with sushi spots, sandwich shops and coffee houses, more and more residents will overcome the objection of lack of places to go in 37216. Expect areas near the intersection of McGavock and Riverside to become more desireable to buyers as the Nashville market saw in 37204’s 12South. It is slowly morphing into 37216’s most walkable spot.
Burchwood Gardens may continue to grow in popularity as its adjacent 37206 neighborhood, Rosebank, continues to gain momentum to the south. In 2009, Rosebank weighed in as the second most popular neighborhood in appreciating 37206. As buyers continue to see Rosebank homes, Burchwood Gardens may emerge as a place where they can save a few thousand dollars and still land the same style and convenience to Nashville amenities.
This is part of a larger report. Download the full 37216 report here.
