Sunday, September 22, 2013

Gramercy Park Market Update

To many Gahanna residents, the Gramercy Park subdivision is better known as "the area across from the high school" or it's described as "just on the other side of Hamilton road from Kroger."  (Many of you now know exactly where I'm describing).  

This area, which also contains a small group of homes defined as Chesterfield Estates, is one of Gahanna's oldest subdivisions.  Construction began on homes in Gramercy Park in the early 1950's and  continued with additions in the early 60's and as late as the mid-70's.  A short drive through the area will show you that three bedroom ranch homes are plentiful, usually containing one or one and a half baths.  A wide variety of home styles are present with many two-story and split-level homes making up the newer portions. 

Gramercy Park Profile: 
On the picture below, you see all of the current listings (green), under contract listings (yellow), and listings that sold during the last 90 days (red).

Average list price of current listings: $204,900
Average list price of pending sales: $139,720
Average sale price:  $88,505
          Highest sale price:  $115,525
          Lowest sale price:  $70,000

Schools nearby:  Lincoln Elementary, Gahanna Middle School South, Gahanna Lincoln High School

Gramercy Park is located just north of 270 and is accessible from 270 using the Hamilton Rd exit.  The location offers very convenient access to the freeway, and short trips to the airport, shopping, and the Gahanna Branch of the Columbus Metropolitan Library.  
**all information courtesy CBR MLS & current as of 9/21/13**

If there is a subdivision in Gahanna that you'd like to see profiled, please contact me and I'll put that on my list.  As always, if you have any questions about the information listed, please let me know.  I am happy to provide answers to help you better understand the Gahanna housing market.

Take care,
Scott Morrison
Text:  614-383-8502

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