Lansdowne-Merrick. Kind of reminds me of Kenwick in a way. I mean, here are two neighborhoods that have an awesome location and have been the bargain of the 40502 zip code. Kenwick was underpriced all the way up until the late 90’s. It has arrived. Lansdowne-Merrick on the other hand, is about to arrive.
What makes this neighborhood so right? The location. Just like Kenwick, it is surrounded by super desirable neighborhoods costing much more. Check out a map and you’ll see what I am talking about. You’ve got Lansdowne Estates and the Glendover area just across Tates Creek Road. Across Alumni Drive is Turkey Foot and Lakewood. Warrenton Woods is right beside you. Castlegate is across Chinoe Road. Oh, and you have a large park and elementary school in the neighborhood too. Throw in being 5 minutes to The Lansdowne Shoppes, Chinoe Shopping Center and the Romany Road area, and you can see how you are getting the 40502 lifestyle everybody wants for half price. I’ve always considered this neighborhood to be the “Lite” version of Turkey Foot.
This is a 70’s neighborhood. You get some ranches, 2 story houses, a few split foyers. You will see some wood sided contemporary homes too. Most range from 1800 square feet to 2500 square feet. Some have basements. Some have finished basements that would add to that square footage.
The value range is mostly $200-300k. Towards the lower end, you’ll get a solid house that may need some updating. On the higher end, you should expect either a nicely updated house or a larger one with a basement.
I have been saying for a long time that this place will pop like Kenwick did. I’ve noticed a few super updated houses on the market lately. Today, I saw this house that is undergoing an extensive renovation. They are blowing out the back of the roof to add more space. When you start seeing this, you know it is a good time to get in the neighborhood. You just cannot beat this location. As prices in surrounding neighborhoods have gone up, this is the last undervalued spot to be in 40502.
Other neighborhoods on my watch list: Meadowthorpe, Idle Hour and the front part of Gaineway.