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Living Near Music Venues Like Ascend Amphitheater Can Bring A Higher Home Value
by TJ Anderson
Here’s something that might surprise a few of you: A new study found that homes within a mile of certain concert venues — including our own Ascend Amphitheater — led to a noteworthy home value jump.
Sure, not everyone wants to live within shouting distance of a wall of speakers, but good shows and good venues lead to foot traffic, which helps surrounding businesses, which amps up an area’s cool cachet, which makes more folks want to be and live there… you see where I’m going.
Nashville’s close-to-live-music premium was big — homes in the vicinity of Ascend’s downtown location jumped about 12 percent, as compared to surrounding zip codes, the study found. But in some cities, the boost was outright massive — living close to the Greek Theatre in Los Angeles meant a 63 percent jump; proximity to Tallahassee’s Capital City Amphitheater amplified things 78 percent.
Our waterfront amphitheater is pretty new, yet (Ascend opened in the summer of 2015), so who knows what’ll happen as it matures. But it’s definitely something interesting to chew on.
Curious about what’s available within a short walk from Ascend Amphitheater? Here are a few interesting properties I noticed, on the market now.
1016 2nd Ave. S.
Nashville, TN 37210
If you’re not particularly interested in lofts or condos, options adjacent to Ascend are slimmer, but not unavailable. Down the way just a little bit (but still under a mile away) in rapidly rising Chestnut Hill, this cute, renovated Victorian is right in the thick of things, with 3 beds, 1 1/2 baths and a great deck for summer hangs.
309 Church St., #608
Nashville, TN 37201
These days, getting in that prime, walkable downtown Nashville location with a budget under $400K means you’re going to be looking at properties on the smaller side — but you can definitely find options that pack a ton of style into relatively cozy square footage. Good example: This 1-bed, 1 1/2-bath loft has plenty of breathing room for a single homeowner or couple, at a little over 1,100 square feet, and the location on Church Street gives you barely a 10-minute walk to Ascend shows.
305 Church St., #301
Nashville, TN 37201
About a half mile from Ascend, you have an industrial-cool loft in a renovated historic building, up on the penthouse level. The exposed brick and lofted bedroom are cool; the spiral staircase to the roofdeck is even cooler.
301 Demonbreun St., Unit 1414
Nashville, TN 37201
It’d be hard to get closer to Ascend than this downtown condo in the upscale Encore, and with that premium location, you’re getting premium details (cool acid-stained concrete floors, custom lighting and automatic blinds) and premium amenities (incredible city views, beautiful pool, cinema and gaming room and lots more).
Love the idea of living just a walk away from all the shows at Ascend? The summer/fall lineup is stocked with a broad mix, from Flight of the Conchords this month to two nights of The Lumineers in September and lots, lots more. If I can help you get into a new downtown place before your favorite show hits, let me know!
Properties are listed with their own respective real estate firms, and not under agreement with TJ Anderson and/or Benchmark Realty, LLC.
TJ Anderson is a Nashville Realtor with Benchmark Realty who's helped countless clients both buy a home and sell a home in Nashville, Tennessee. He blogs about Nashville regularly, from Nashville-area....
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