There is beginning to be incremental evidence that the sobering downturn in the residential housing market due to the Great Recession is taking a turn for the better. A bit of that evidence of came March 4 by way of the Senoia City Council and the approval of the 241-home Fieldstone Estates subdivision that will be located on Ga. Highway 16 West.
The approval paves the way for future development of the 268-acre property that is expected to be the eventual site of 241 homes on lots of up to one-half acre. The anticipated price range of the homes is $140,000-160,000.
Fieldstone Estates will be located on Hwy. 16 west of Cumberland Village and the Cumberland subdivision. Zoned R-40 (Conservation Subdivision District), the property must keep 40 percent open space with 75 percent of that space in a contiguous tract. Other R-40 requirements state that homes must include a minimum of 2,000 square feet of heated space. And while there are no minimum lot requirements, city codes require a setback of 25 feet for the right-of-way and with a side separation of 20 feet and rear a separation of 50 feet.