Steve McNair House in Green Hills area Nashville

Steve McNair house in Green Hills area of Nashville
This is the current home of murdered Titan’s quarterback Steve McNair. The home is located at 2430 Bear Road in the Green Hills area of Nashville…read the full Steve McNair home story

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Steve McNair House in Green Hills area Nashville

Steve McNair house in Green Hills area of Nashville
This is the current home of murdered Titan’s quarterback Steve McNair. The home is located at 2430 Bear Road in the Green Hills area of Nashville, TN 37215. The home is currently for sale for $2,999,990. Steve McNair’s home was originally listed for sale on April 11th, 2009 for $3,800,000. It appears that the price of the home was dropped $800,000 recently.

The home is a renovated 14,263 square foot masterpiece in the heart of one of Nashville’s most affluent urban neighborhoods. According to the tax records, the McNair’s purchased this home on May 14, 2004 for $1,599,000. Both Steve and his wife are listed on the deed.

McNair home offers autographed footballs

Click on the image above and you will see that the Realtor who represents Steve McNair’s home is offering an autographed football to every buying Realtor who shows the home to a client. It is not clear why McNair was in the rental property in downtown Nashville. It is known that Steve McNair was not the owner of the condo where he was found dead on July 4th, 2009.

This is horrible news to hear on this holiday weekend. McNair was a legendary Titans football quarterback and incredibly dedicated to helping the Nashville community. Rest in peace “Air McNair”.

Mortgage Loan Rates Unchanged in Nashville

Interest on 30-year fixed mortgages settled at an average of 5.40 percent this past week, reports Freddie Mac, up from 5.38 percent in the previous week and much lower than the prevailing rate of 6.45 percent a year ago. Five-year, hybrid adjustable-rate mortgages…read the entire Nashville mortgage rates update

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Mortgage Loan Rates Unchanged in Nashville

Interest on 30-year fixed mortgages settled at an average of 5.40 percent this past week, reports Freddie Mac, up from 5.38 percent in the previous week and much lower than the prevailing rate of 6.45 percent a year ago. Five-year, hybrid adjustable-rate mortgages also bumped upa couple of notches to 4.99 percent; but 15-year fixed loans and one-year ARMs moved in the opposite direction. The former slipped to 4.87 percent from 4.89 percent, while the latter fell to 4.93 percent from 4.95 percent.

We expect mortgage rates to remain relatively stable over the next few weeks even as housing sales continue to climb. Refinance applications are down more than 50 percent off of their 2009 highs from 2 months ago. Savvy investors are taking advantage of these rates by picking up distressed real estate investments at remarkably low prices. Do not discount or look past short sales, foreclosures and area REO property. There are diamonds in the rough out there right now!

Nashville Rental Properties are Scarce

NASHVILLE, Tenn. – While the real estate market remains a tough sell, the rental market in Nashville is red hot. According to local real estate experts, owners of luxury condominiums and million dollar houses may not be able to sell their homes but they can rent them for top dollar…read the full Nashville rental properties story

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Nashville Rental Properties are Scarce

This television interview entitled “Nashville rental market booms” appeared on News Channel 2 on June 16th, 2009. The reporter is Tiani Jones:

NASHVILLE, Tenn. – While the real estate market remains a tough sell, the rental market in Nashville is red hot.

According to local real estate experts, owners of luxury condominiums and million dollar houses may not be able to sell their homes but they can rent them for top dollar.

“The urban market has really taken off over the last couple of years,” Grant Hammond with Summit Property told News 2, adding such inventory available for rent is limited in the Nashville area.

He said the majority of newcomers have money to spend, but aren’t ready to buy.

“Nashville is kind of a transient city,” Hammond continued. “It’s a step on the corporate ladder for a lot of professionals so there’s lots of one and two, and three year assignments [in Nashville].”

Whether it’s an executive looking for a big home in the suburbs or a young professional wanting to stay close to town, they have to look long and hard to find that perfect place.

Hammond said they all have high standards and want high end features in their temporary homes and don’t want to live in traditional apartment complexes.

In addition, securing a loan isn’t as easy as it used to be, leaving some who can afford the high monthly payment, but can’t get a loan.

For homeowners who need to sell but can’t, the Nashville rental market could be the way to go. In fact, allowing a luxury property management company lease your home will many times maximize your investment and keep your property in tip top shape.

Many executives are choosing to rent property in Nashville rather than buy in the hopes that property values will drop by 2010.

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