There is a house in a quiet Red Bank neighborhood, about 1,700 square feet, that owner Logan Ridge bought amid low interest rates in 2021 then planted 13 shrubs outside.
That year, the home was appraised by the county at a value of $126,300, Ridge said.
This year, he got a notice in the mail showing his updated value is $380,200 — an increase of 201%.
(READ MORE: Hamilton County home values see historic 60% increase from reappraisal)
“It absolutely blew my mind,” Ridge said. “It’s not like gentrification is ripping through my part of Red Bank. There’s still some very kind of rough looking houses all around me.”