Cherry Creek Unit 1
Homes for Sale in Tampa, FL
True comps, carrying-cost math, and listings before the portals.
Cherry Creek Unit 1 is a small, established Tampa community of 104 homes built between 1972 and 1980, with the median home dating to 1975. At a median of roughly 2,118 square feet, these are mid-sized single-family homes, and in a neighborhood this vintage the biggest single driver of price is condition. A home that has been methodically updated will command a very different number than one still carrying its original systems, so expect a wide spread around any headline figure.
With just a handful of closings in the recent window, this is a thin, low-turnover market — normal for a pocket of only 104 homes where nearly 80% are owner-occupied. That posture cuts both ways: sellers benefit from scarcity when a well-prepared listing hits, but buyers get few direct comps, which makes pricing an updated home a judgment call rather than a formula. Patience and preparation matter more here than they would in a high-volume subdivision.
Who Cherry Creek Unit 1 is best for.
Best for
- Buyers wanting a mid-sized 1970s home around 2,118 square feet and willing to budget for updates on original systems
- Long-hold buyers who value a stable, owner-occupied, low-turnover street over rapid resale
- Renovation-minded buyers ready to bring an older home up to date and document the work
Probably not for
- Buyers who need recent construction or modern floor plans and finishes out of the box
- Shoppers who want deep, active inventory and lots of directly comparable recent sales
- Buyers with no budget or appetite for potential roof, HVAC, electrical, or plumbing work on a 1970s-era home
The market around Cherry Creek Unit 1
Cherry Creek Unit 1 is a small community — 7 recorded sales on file, most recently in 2014 — too few for its own price trend. Here is the market around it.
Across Hillsborough County, 5,970 homes are active and 2,046 pending (26% under contract).
The housing mix here is 94% single family residence, 6% ?.
ZIP and county figures describe the wider market, not Cherry Creek Unit 1 specifically. Momentum Research analysis of MLS records.
The Cherry Creek Unit 1 buying strategy.
If we were buying in Cherry Creek Unit 1 today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Cherry Creek Unit 1.
A condition-driven market with thin turnover
The homestead share sits near 80%, which tells you most of these homes are held long-term rather than flipped or rented. That stability keeps listings scarce and means the homes that do come up have often been lived in for years — some carefully maintained, some deferred. Roofs, electrical panels, HVAC, plumbing, and windows on 1970s-era houses are the line items that separate a strong price from a soft one, so budget your inspection attention accordingly.
Because the year-built band is tight — 1972 to 1980, median 1975 — you are comparing homes of similar age and generally comparable footprints around the 2,118-square-foot median. That makes renovation quality, not square footage or vintage, the deciding factor. Buyers should read every listing through that lens; sellers should document their updates because the market will pay for proven work here.
The location and the amenities are priced into every listing in Cherry Creek Unit 1. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a 104-home community with only a couple of recent closings, the numbers alone will not price a home — local read will. We track what actually trades in Cherry Creek Unit 1 and in comparable 1970s Hillsborough pockets, so we can tell a seller which updates the market is rewarding and warn a buyer which older systems are about to demand money. That is the difference between guessing at value and defending it.
Cherry Creek Unit 1 in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Cherry Creek Unit 1 buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Cherry Creek Unit 1 sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Cherry Creek Unit 1, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Cherry Creek Unit 1 home worth?
Get a no-obligation home value based on real comparable sales in Cherry Creek Unit 1, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
How many homes are in Cherry Creek Unit 1?
What share of Cherry Creek Unit 1 is owner-occupied?
When were the homes in Cherry Creek Unit 1 built?
Do cash buyers compete in Cherry Creek Unit 1?
Who is the best real estate agent for Cherry Creek Unit 1?
How do I find a top Tampa real estate agent who knows Cherry Creek Unit 1?
Can Momentum Realty connect me with an agent for Cherry Creek Unit 1?
Should you buy in Cherry Creek Unit 1?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (2 streets, ZIP 33618)) |
| Under-contract shares | Stellar MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2005 (11 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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