The Impact of Sequoyah Hills Park on West Knoxville Property Valuation

Sequoyah Hills Park is a key factor that affects West Knoxville property valuation. The park offers more than just scenic views and recreational activities but also has a notable impact on the area’s real estate market.

Whether you’re a buyer or a homeowner, this blog will provide valuable information on how Sequoyah Hills Park impacts the property values in West Knoxville.

6 Ways Sequoyah Hills Park Affects West Knoxville Property Valuation

Proximity

Sequoyah Hills Park has highly valued homes nearby due to the convenience and accessibility of the park’s amenities. The park is a destination for outdoor recreation and activities, so being close to it is desirable for many homebuyers.

As with other parks, the closer it is to a home, the more valuable the home is perceived to be. Having a park near a property can increase its value by up to 20%.

Lifestyle

Sequoyah Hills Park offers a variety of recreational activities, such as biking, playgrounds, picnic areas, and other amenities that appeal to families and outdoor enthusiasts.

Living near Sequoyah Hills provides a desirable and active lifestyle, making properties more valuable.

Scenic Views

The park provides a lush green space with scenic views of the surrounding area. Properties with views of the park are more highly valued because they offer residents a serene and beautiful setting, which can be especially desirable for those seeking a peaceful retreat from the city or those who appreciate nature.

Community Appeal

The park serves as a gathering place for the community and is a venue for events and activities, making the area more desirable for families and individuals. This, in turn, makes the surrounding properties more valuable.

Safety

Parks and green spaces increase safety in neighborhoods. The idea is that barren, empty spaces can be perceived as more frightening and can attract criminal activity more than spaces with greenery and open vistas.

Well cared for parks and open spaces create the impression of an engaged community and that leads to higher property values as people are willing to pay a premium for the peace of mind and security of living in a safe area.

Maintenance

The park is well-maintained by the city, adding to the area’s overall appeal and contributing to higher property values. It can attract homebuyers looking for a well-maintained and attractive community. The city’s commitment to maintaining the park and ensuring its longevity helps secure nearby properties’ value.

The Bottom Line

There’s no question about it. Sequoyah Hills has made an impact on property values in this area. It has helped improve the overall quality of living in Knoxville and attracts people and businesses to West Knoxville. In many ways, the park is the heart of the west side and all that continues to grow in this part of town.

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