Pool Homes. How do swimming pools impact the value of a Tallahassee home? Let’s break down the numbers on pool homes:
In Leon County in 2012, there were 267 pool homes sold. This is about 16% of all homes sold. Of 267 pool homes sold:
214 were located in northeast Tallahassee
4 were located in southwest Tallahassee
Median price was $231,100
Highest price was $1,075,000
Price range of pool homes:
14 were under $100,000
80 were $100,000 – 199,000
83 were $200,000 – 299,000
46 were $300,000 – 399,000
Let’s look at Ox Bottom, a Tallahassee neighborhood with many pool homes. Of 44 sales in 2012, 14 were pool homes. If we look at similar size 4 bedroom homes in Ox Bottom, we find the average sales price was $334,583 compared with a sales price of $302,430 for similar homes without a pool.
So, how much does a pool add to a Tallahassee home value? It depends on the neighborhood and type of pool. For a northeast Tallahassee home, a typical pool will increase the value about $10,000 – 15,000. Larger and more elaborate pools will obviously bring more home value. Pools attached to homes that are older, smaller, and in less expensive neighborhoods will add less value.
In Leon County in 2012, there were 267 pool homes sold. This is about 16% of all homes sold. Of 267 pool homes sold:
214 were located in northeast Tallahassee
4 were located in southwest Tallahassee
Median price was $231,100
Highest price was $1,075,000
Price range of pool homes:
14 were under $100,000
80 were $100,000 – 199,000
83 were $200,000 – 299,000
46 were $300,000 – 399,000
Let’s look at Ox Bottom, a Tallahassee neighborhood with many pool homes. Of 44 sales in 2012, 14 were pool homes. If we look at similar size 4 bedroom homes in Ox Bottom, we find the average sales price was $334,583 compared with a sales price of $302,430 for similar homes without a pool.
So, how much does a pool add to a Tallahassee home value? It depends on the neighborhood and type of pool. For a northeast Tallahassee home, a typical pool will increase the value about $10,000 – 15,000. Larger and more elaborate pools will obviously bring more home value. Pools attached to homes that are older, smaller, and in less expensive neighborhoods will add less value.
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