June 27, 2008

Dream Home giveaway sets fundraising record
Clarksville winner plans to keep Westhaven home

The Tennessean• June 27, 2008

FRANKLIN —A Clarksville man won a $650,000 home in Westhaven on Sunday, helping Southern Land Co. and media partners WZTV-Channel 17 and WSIX-FM raise $1.6 million for St. Jude Children's Research Hospital, a new fundraising record.
This is the fourth year that St. Jude has operated a campaign in Middle Tennessee and the fourth year that a Westhaven home has been the grand prize. According to a press release from the Memphis hospital, the volunteers' and community sponsors' participation and amount of money raised are unprecedented on a national scale.
"Middle Tennessee was the only campaign in the nation with a goal this high," said Katie Mizell, Middle Tennessee's St. Jude representative. "The people who participated in this campaign — whether volunteers, vendors or ticket buyers — should be extremely proud of this exceptional effort. We look forward to many great years to come."
David Tarrents was the grand-prize winner of the home. He and his wife, Julie, used adjectives like "amazing" and "spectacular" to describe the 3,871-square-foot home with four bedrooms and 3½ baths.
David was born in Portland, Tenn., and has lived in Clarksville for 50 years. He is a computer systems analyst for Johnson Electric Co. in Springfield. He has two children and has been married to Julie for 30 years.
David is about four years away from retirement. Julie is the manager of the US Bank branch on Fort Campbell Boulevard. The couple agrees that a move to Franklin may be on the horizon.
"We're going to try to keep the house. We won't be commuting from Nashville to Clarksville, but once we know all the details, we just might move on down there," Julie Tarrents said.
The Tarrentses have supported St. Jude by purchasing tickets for several years.
Winners of 2008 St. Jude Dream Home prizes
Grand-prize winner:
David Tarrents — St. Jude Dream Home house in Westhaven, valued at more than $650,000
Other prizes:
Ed Shirley — (Early Bird #1 – Feb. 22): Guitar autographed by Amy Grant and Vince Gill
Leon Denton — (Early Bird #2 – April 15): $2,500 worth of groceries, courtesy of Stites and Harbison
Karen Larson — (Open House Prize #1): $5,000 worth of furniture, courtesy of American Signature Furniture
Teresa DeMoss — (Open House Prize #2) - $250 gift card to Home Depot, courtesy of Churchill Mortgage
Maria Abercrombie — (Open House Prize #3) - $1,100 Superb natural gas grill, courtesy of the Hearth and Grill Shop
Roxane McGowan — Amy Grant and Vince Gill autographed guitar, courtesy of Blanton, Harrell, Cooke & Corzine
Lisa Rinehert — Denon Surround Sound Receiver, courtesy of SpringTree Media
Josh Gunnels — His and Her watches, courtesy of Crown Jewelry and Gifts
Jeff Bridges — $1,000 American Express Gift Card
Dave Toman — $1,000 gift certificate, courtesy of Trees N Trends
Larisa Hensiek — Clearwire PC Card and one-year service, courtesy of Clearwire
Streater Spencer — $1,000 gift certificate, courtesy of Legends Steakhouse
Paulette Wassel — $1,000 American Express Gift Card
Ricky Medley — 1 Lifestyle Portrait Session and 1 16x24 gallery-wrap canvas print, courtesy of McLellan Studio
Sandra Arnold — $1,000 gift certificate for glass mirrors, tabletops or shower doors, courtesy of Evans Glass
Pam Fusting — $1,000 American Express gift card, courtesy of Lincoln-Mercury dealers
Dessie Otay — $1,000 gift card, courtesy of The Factory at Franklin
Ronald and Tammy Veirs — $1,000 gift certificate toward any original oil paintings and framing, courtesy of Art Attack Nashville
Ruby Hillsman Holloway — $1,500 American Express Gift Card, courtesy of Lockton Companies
Charolette Fleming — Front-load Whirlpool washing machine and dryer, courtesy of Ferguson Enterprises
Sherry Rogers — Two Masters Series tickets, courtesy of the Nashville Symphony
Celia Toombs — Game table set, courtesy of Legacy Billiards
Amy Wilson — Outdoor play system or aboveground pool package, courtesy of Watson's
Floyd Freeman — Spa and home fitness package, courtesy of Watson's
Debra Meador — Hitachi 50-inch HD plasma TV, courtesy of Audio Video Environments

June 19, 2008

A step closer to a Civil War Park in Franklin

Franklin’s Charge To Create Civil War Park
The Tennessean• June 19, 2008

FRANKLIN — Civil War preservation group Franklin’s Charge will purchase a one-acre piece of property at 1219 Columbia Avenue for $950,000 with private funds.
The land adjacent to 4 Star Market & Beauty Supply and La Villa Market was part of the fiercest fighting during the Battle of Franklin in 1864, said Franklin’s Charge president Ernie Bacon.
“This is a significant puzzle piece which will bring us closer to having a Civil War battlefield park,” he said.Plans include moving out the two-story beige house currently on the property, which was an office for Kenneth Holt Construction Co., to create open space for the park. The site sits diagonally across the street from the Carter House and is adjacent to the Carter Cotton Gin site, which is owned by the Heritage Foundation of Franklin and Williamson County.Back in 2005, the city purchased land where a former Pizza Hut restaurant stood that they tore down to create a small park that's near the new purchase.

Franklin’s Charge To Create Civil War Park
The Tennessean• June 19, 2008

FRANKLIN — Civil War preservation group Franklin’s Charge will purchase a one-acre piece of property at 1219 Columbia Avenue for $950,000 with private funds.
The land adjacent to 4 Star Market & Beauty Supply and La Villa Market was part of the fiercest fighting during the Battle of Franklin in 1864, said Franklin’s Charge president Ernie Bacon.
“This is a significant puzzle piece which will bring us closer to having a Civil War battlefield park,” he said.Plans include moving out the two-story beige house currently on the property, which was an office for Kenneth Holt Construction Co., to create open space for the park. The site sits diagonally across the street from the Carter House and is adjacent to the Carter Cotton Gin site, which is owned by the Heritage Foundation of Franklin and Williamson County.Back in 2005, the city purchased land where a former Pizza Hut restaurant stood that they tore down to create a small park that's near the new purchase.

Franklin Theatre Architecture Firm Announced


Architecture firm chosen for Franklin Theatre project
The Tennessean• June 18, 2008

FRANKLIN -- Nashville-based Hastings Architectural Associates has been chosen as the architectural firm to renovate the Franklin Theatre.
The firm was chosen from three firms competing for the $7 million project and was chosen by the theater’s owners, the Heritage Foundation of Franklin and Williamson County.
“We are now in a position to select a construction firm to do the work,” said Jay Franks, a member of the theater construction committee in a prepared statement.
Hastings was founded in 1985 and has 37 full time professionals including 14 LEED accredited professionals. The firm recently had extensive involvement in the design of the Schermerhorn Symphony Center. Westlake Reed Leskosky projects include the Strand-Capitol Performing Arts Center in Pennsylvania and the Tennessee and Bijou Theatres in Knoxville, Tennessee.
Hastings architects will oversee architecture and interior design while engineers from Westlake Reed Leskosky will oversee mechanical, plumbing engineering, and electrical engineering. Westlake Reed Leskosky will also work with Hastings as the specialty consultants for the theatre planning and theatre technical, audio and visual, theatrical and custom lighting and acoustical consulting.Renovation work will include renovating the main theater building as well as an adjacent building that was used as a small theater.When complete, the theater will be a multi-use entertainment facility for film, performances and events, officials said.

June 17, 2008

Franklin's $59.5 million budget will be approved Thursday

Franklin mayor wants "bigger picture" view of city's budget.
The Tennessean • June 16, 2008

FRANKLIN — With the final vote on the city’s $59.5 million budget on track for approval Thursday, Mayor John Schroer wants to see changes made in how future budgets are discussed.
Schroer and city aldermen spent several nights during the past few weeks parsing through the hundreds-page long budget and grilling department directors about their requests.
Next year, Schroer said that will likely change.
“I’m not sure if aldermen need to look at every single line time that comes through the budget,” Schroer said. “I think our job is to look at the bigger picture and trying to tie those things together.”
Schroer said he did not expect any changes Thursday night when aldermen take their third and final vote to approve the budget. They meet at 7 p.m. Thursday.As part of the budget, homeowners will see their second consecutive year of increased garbage pickup fees. Those climb from $6 to $9 a month for pickup of the first can. Meanwhile, business owners will see their commercial garbage collection go up as well. Despite fee increases, the city’s property taxes will remain unchanged after nearly two decades of being .43 per $100 of assessed property value.

June 13, 2008

There is Money to be made in today's house market...if you are patient


Expert says to buy now, flip later
Patience plays key role to turnarounds in buyer's market

Williamson A.M. • June 13, 2008
FRANKLIN — As the housing market has cooled, so has the once-hot idea of house flipping, which was a high-wire act even in the days of a sellers' market.
Flipping, for the uninitiated, involves buying a tired house, renovating it and then selling it for — theoretically, at least — a nice profit.
Flips have not, however, disappeared from the local real estate scene. Even a casual check of what's for sale in Franklin will turn up a few examples.
It's just that now more than ever, only the savviest flippers survive.
Some, such as Wayne Evans, are simply laying low. Evans, who owns ProServ and ProNet Residential Services of Franklin, has nine houses that he could try to flip, if he wanted to.
Instead, he is renting them out, waiting for the market to turn back more favorably for sellers.
"I tend to sit on the side of caution," said Evans, who flipped his first house in 1993. A big part of his survival strategy is timing, he said.
"Market timing is key. Knowing when to sell," he said. "It's also knowing what to buy."
Evans believes it's a better time for flippers to invest rather than try to fix and sell. "Now is a good time to buy and, if you can, hold it," he said, adding his belief that prices might become even more favorable for buyers later this summer.
Few taking risk
Fellow flipper Dale Stumbo agrees. "Some people are going to be able to get some good deals this year," he said.
Stumbo just listed a house he renovated at 326 11th Ave. in Franklin. His planned key to success is the fact that he did most of the work himself, which allows him to keep his asking price competitive.
"You have to get in there and do it yourself, put in that sweat equity," he said. "A 60-hour work week for me is a quiet week." He estimated that "maybe a couple of dozen" people are flipping real estate in the Franklin-Brentwood area right now, but then he added, "That may be way high. But two years ago, there was about a hundred."
His most current project is a house within walking distance of downtown Franklin. It's near the streets filled with historic homes, but Stumbo's is a brick ranch built in 1950.
He has taken it from 950 to 1,420 square feet. Formerly a two-bedroom, one-bathroom home, the house now has a new master suite. A small side porch was enclosed to create a small but flexible indoor living space, perhaps for a home office.
In the kitchen, he added new appliances, granite countertops, fresh paint on the walls and cabinets, and a new hardwood floor. Elsewhere in the home, there is new paint on the walls and there are new finishes in the bathroom off the hall.
The brick exterior has been painted a buff color, to blend the addition (which includes a laundry closet) and mask the dated appearance of the original brick.
"It was ugly, ugly 1950s red brick that was just horrible," he recalled. Stumbo paid $214,000 for the house and is hopeful that it will flip at $369,000, because that price is competitive for the neighborhood.
"I'm not trying to make a killing on this thing," he said. "I wanted to make a nice profit, and I do want to move onto another flip."
Flippers such as Stumbo also seem to survive by having an eye for details. For example, he wisely chose to keep the big, 1950s farmhouse sink in the kitchen. Instead of replacing it, he reglazed it and gave it a new faucet. He also preserved a quaint telephone wall niche that today might make a handy cell phone recharging station.
Market tests fortitude
"There has been a subtle shift in the market, of people who are doing the flipping," observed Michael Thomsett, a former flipper who now writes real estate and business books, including Getting Started in Property Flipping.
"It has become a much more sophisticated concept now than it was 10 years ago," he said. Right now, he said, flipping is more speculative than ever, it is more difficult to make a profit and "you need a longer horizon for flipping the house" because it is taking longer for homes to sell.
Thomsett said if he were still flipping, "I would definitely be buying right now." He added, "Prices are down and everybody is scared, and that's the time to buy."
He says those who are afraid to buy now should remember that even though the economy has slowed, "the demand hasn't gone away."
"People still need houses. It's just that they are all scared," said Thomsett, who claims that the longer the market stays soft, the more this pent-up demand will grow. "And the longer the demand is pent up, the faster it comes around" when economic conditions improve, he added.
But the window of opportunity could be small.
"One of the rules of these cycles is that you will know it when you see it," he said, "but by then, it will be too late."

June 9, 2008

A new planned community for Murfreesboro

Marymont Springs' first homes to be unveiled in September
Nashville Business Journal, June 9, 2008
Marymont Springs, a 650-acre master-planned community in Murfreesboro, is opening the doors of its first six homes on the boulevard to visitors. The development's historic mansion has been preserved as the sales center.
The six Boulevard of Dreams homes will be fully furnished in styles from English Tudor to French Country. Homes range in price from $650,000 to more than $1 million.
The tour by ParkTrust Development runs Sept. 13 through 28, and opens during United Way's Week of Caring. Ten percent of ticket sales go to the charity, says Bob Parks, chairman of ParkTrust. Builders include J.O. Clark Building Group, Steve Martin Construction, Novotny Custom Homes, Laurel Brook Homes Inc., Randall Davis Homebuilder LLC and John Wieland Homes.
The development includes a future lake with a fishing dock, resort-style clubhouse and pool, walking and biking paths and a town center with future retail.

First time buyer seminars

Friday, June 6, 2008
Center to offer first-time home buyer events
Minneapolis / St. Paul Business Journal The Minnesota Home Ownership Center will begin offering seminars for first-time home buyers in partnership with Bremer Bank and Freddie Mac.
The first three seminars, called "Opportunity Knocking: Get the Facts for First-Time Buyers," are scheduled for June.
The Home Ownership Center is a St. Paul-based nonprofit that promotes home ownership for low- and moderate-income people and first-time buyers. Its primary reason for offering the class is to help prevent predatory lending.
"We want to provide people with information and resources to make smart homeowner choices," said Julie Gugin, executive director

New Dream homes with English Tudor and French Country styles coming to Murfreesboro

Marymont Springs' first homes to be unveiled in September
Nashville Business Journal-June 9, 2008
Marymont Springs, a 650-acre master-planned community in Murfreesboro, is opening the doors of its first six homes on the boulevard to visitors. The development's historic mansion has been preserved as the sales center.
The six Boulevard of Dreams homes will be fully furnished in styles from English Tudor to French Country. Homes range in price from $650,000 to more than $1 million.
The tour by Park Trust Development runs Sept. 13 through 28, and opens during United Way's Week of Caring. Ten percent of ticket sales go to the charity, says Bob Parks, chairman of ParkTrust. Builders include J.O. Clark Building Group, Steve Martin Construction, Novotny Custom Homes, Laurel Brook Homes Inc., Randall Davis Homebuilder LLC and John Wieland Homes.
The development includes a future lake with a fishing dock, resort-style clubhouse and pool, walking and biking paths and a town center with future retail.

Featured homes in Historic Downtown Franklin


Tour of homes features old classics, new treasures
Williamson A.M. • June 6, 2008
FRANKLIN — As ticket holders make their way through the nine private homes open this weekend for the 33rd annual Town & Country Tour of Homes, they'll be visiting one of the most diverse group of homes the Heritage Foundation has featured.
From the 1881 Watson House, a stately red brick home on Third Avenue, to Ken and Linda Moore's brand-new Brownstone on Second Avenue South, visitors will see a wide variety of architectural details and design styles. As well, several local authors will be at some of the homes to meet guests and sign books.
Tour hours are 10 a.m. to 5 p.m. Saturday and 1 to 5 p.m. Sunday. Advance tickets are $25 and are available at the Heritage Foundation office, 510 Columbia Ave., in the back of the Five Points post office. They are also available by phone at 591-8500, ext. 18, or online at http://www.historicfranklin.com/.
Advanced tickets may also be purchased today in Franklin at Shirley Zeitlin & Co., 341 Cool Springs Blvd., Suite 100; the Carter House, 1140 Columbia Ave.; Historic Carnton Plantation, 1345 Carnton Lane; Landmark Booksellers, 114 E. Main St.; Mayfield Gallery House of Art & Antiques, 206 E. Main St.; and the visitors center at 209 E. Main St. They are also being sold at Shirley Zeitlin & Co.'s Brentwood office at 278 Franklin Road, Suite 140.

Want to find out more about The Brownstones in Historic Downtown Franklin? Go to http://www.diannechristian.com/ and view 216 Emily Court for more information.