Pardes Hanna Karkur Real Estate -- Neighborhoods and Prices

In terms of real-estate, Pardes Hanna - Karkur is very heterogenic, divided into many different regions. One neighborhood is different than the other, and the price differences can be very significant at times. Nonetheless, real-estate prices in Pardes Hanna - Karkur have not increased as sharply as properties in Zichron Yaacov, Binyamina and the area, and people looking for a home in the area now have a chance, temporary according to some, to purchase a house in a magical rural environment for a reasonable price, while benefiting from the same railway service and accessibility to the center of Israel.

Neighborhoods and prices:

Pardes Hanna Colony Center

The green colony center, on streets starting in מלב"ן area all the way to the old Neve-Asher, is a very popular location, very heterogenic in terms of property types. As in Zichron Yaacov, Binyamina and other colonies, the old colony center is piece of good old Israel. Many homes are located on lots that used to be farms, and these properties are very popular, but the supply is small and some wait years for an attractive property or an inherited farm. Did we mention it's heterogenic and diverse? In the central colony area there are residential apartments, commercial zones, stores, offices, clinics and infirmaries, grocery stores, banks and more. Residents of the colony center benefit from maximum access to public transportation to Hadera (and from it to other places in the country) and to Haifa. A house on 1 1/2 square kilometers that can populate 3 residential units costs $500,000, but some ask up to $570,000. Recently, a 2 square kilometer house was sold for $450,000. The land is usually Administration land, and the large plots can be divided after paying it around $100,000-200,000. People who move to the area usually look for large homes, and do not exploit full construction rights and divide the lots to tiny pieces. In the center you can now buy a lot of a little more than 1 square kilometer with a very old house to renovate or demolish for around $300,000. The construction rights on a lot such as this are for 4 double family homes with 60% construction. As for apartments, they're usually not easily sold in Pardes-Hanna Karkur, the supply is large and a 5 bedroom apartment can be found for $110,000. A small 30 square meter store on the second floor of a small commercial center in Pardes Hanna, such as the one near the Super Pharm, can be purchased for about $30,000. This kind of store can be rented for about $300 per month. On the main street the supply of stores for sale or for rent is smaller, and the requested rental or purchase fees are higher.

Yaffe Nof

Yaffe Nof neighborhood is a 250 double family homes, developed over ten years ago as double family homes on administration land 1/4 square kilometers. Houses are about 140 square meter in size. A double family home such as this will now cost between $180,000-210,000. There are still several lots left for construction in the neighborhood, at a price level of about $100,000-110,000 for a 1/4 square kilometer lot approved for one single family unit (A villa). Add about $20,000 to the cost for development.

Neve Rotem

Neve Rotem is a relatively small neighborhood created 8 years ago as a neighborhood of envelope homes, which can be completed and enlarged as the family needs and budget increase. In the past, there was a well publicized battle on the beighborhoods religious nature, between its secular residents and an orthodox community threatening to take over. The battle ended and the orthodox community denounced their intentions. North of the neighborhood there are still open areas for construction, and the future of these lots remains unclear. The neighborhood also includes double family homes on relatively large 330-450 square meter areas. The size of houses built in Neve Rotem is about 150 square meters. In most houses, the top part of the envelope has been completed. In Neve Rotem you can currently buy a double family home, 145 square meter in size with 5-6 bedrooms for about $145,000-180,000 on a lot of 400 square meters.

Neve Pardesim

Neve Pardesim is a large neighborhood encompassing 700 residential units. The neighborhood has many buildings of up to 5 floors with about 20 apartments each. The variety of home types is great, as duplexes, garden apartments, double family homes, 3-4 bedroom apartments and penthouses are offered, some with a seashore view. Heftziba recently started to market a huge project in the neighborhood, including residential towers of up to 10 floors with a variety of apartments, starting from 4 bedrooms. In Neve Pardesim it is possible to buy a 3 bedroom apartment for $65,000-75,000. A 4 bedroom apartment would cost about $80,000. Property price is affected by the building's location, its maintenance, the floor on which the apartment is located, and whether or not the building has an elevator. In a building with no elevator duplexes can be bought for $75,000-85,000. 5 bedroom double family homes, 140 square meters on a lot of 200 square meters, can be bought in Neve Pardesim for about $145,000. There is a large inventory of apartments for sale in Neve Pardesim, and the market is currently in favor of buyer who find it to be a real bargain even in relation to property prices in Pardes-Hanna - Karkur, and especially in comparison with similar properties in other settlements in the area.

Neve Asher

Neve Asher Neighborhood is an old and popular neighborhood in Pardes Hanna - Karkur. The neighborhood is mostly constructed on Israel's Land Administration property. Most of the neighborhood is private homes, apart from several apartment buildings in Hatzfira St. A single family home (villa) is usally built on double lots, and double family homes were built on lots about 600 square meters in size. The houses are old, some built over 60 years ago. The 1 1/4 square kilometer lots in Neve Asher are authorized in the city engineering program for construction of two residential units. Usually one house is located on this double lot, but several lots were already divided. Ten years ago, a new neighborhood was created in Neve Asher, called Pirhei Hadar, which can bee seen when driving on Hanadiv Rd. from "Mahane Shmonim" military base. This neighborhood also includes the popular "Rabin" state elementary school. An old house on 1 1/4 square kilometer can be purchased for about $270,000 in the neighborhood, a real bargain compared to similar properties in other settlements in the area. Division of the lot to two plots by the administration will cost an additional $30,000.

Neve Merhav

Neve Merhav neighborhood was mostly constructed in the 50s, with the large wave of immigration from North Africa. Homes were originally built as small agency homes on spacious lots of 400-600 square meters, and also double lots of up to 1.2 square kilometers. The minimal size of a lot for construction in this neighborhood is 400 square meters, and lots of over 800 square meters can be divided. The majority of homes were built as double family homes. Neve Merhav offers a relatively large variety of homes for sale, and true bargains can always be found. A single family home (villa) on a lot of 400 square meters can be bought even for about $220,000. Old houses for renovation or demolition on lots of about 800 square meters can be bought for $180,000. In the last year the neighborhood has been strengthened and refreshed by development that can be felt throughout the entire settlement. More pavements were built, the existing gardens were improved, and additional public parks were authorized.

Karkur can be generally divided into New Karkur and Old Karkur. Here are a number of prices:

Old Karkur Colony Center

The colony center is Karkur's historical center, where "the London estate" started to build the settlement with the Jewish Fund. The Moshav's old streets - Hameyasdim and Hanasi, are the heart of this region. Remember the historical purchase of land? Its significance is that today the land is mostly private. This area has many properties called farms, agricultural farm units, usually about 5 square kilometers in size! Since the outline program changed, these farms can be divided into 5 square kilometer plots, and this division already occurred in many plots. The cost of a single family home ("villa") on such a plot is about $250,000-320,000.

Neve Oved, Hanahal Neighborhood and "The Yemen Neighborhood"

These neighborhoods were rapidly built in the 1950s in order to receive thousands of immigrants who came to Israel. Lands are mostly owned by Israel's Land Administration, and plots of about 600 square meters and 1,000 square meters usually inhibit double family homes. Due to the size of lots, these houses are becoming very popular in the last few years, and many are interested when one of these houses is offered for sale. The prices are obviously related to the house's location in the neighborhood, and to its condition. Usually transactions are made in the price range of $180,000-250,000, and lower rates usually mean that the house must be thoroughly renovated or demolished and reconstructed according to 2006 standards.

New Karkur

In the last decade, the construction of several new neighborhoods in new Karkur has been completed, all located in the north of the settlement: "Tsameret Hamoshava" is mostly constructed as single family homes on 1/2 square kilometer lots, all in good standard. The price range in this neighborhood is between $300,000-350,000. Additional neighborhoods were built as double family homes, for instance "Nitzanei Hasharon" which can be seen from route 65 (Wadi Ara road), "Hadarim Hatzeira" which is now in concluding stages and being rapidly populated, "Haahuza Hayeruka" and "Hakfar Hayarok". In these neighborhoods you can still find a double family home for less than $200,000.

There are additional projects in different stages of development. "Yuvalim", built in Karkur by "Neve Gad" and Shtrum Construction, has already been marketed to 150 military workers who purchased homes in it. In the project's first stage 400 houses will be constructed on 400-500 square meter lots. Nowadays, Shikun Ovdim Company of "Shikun Vebinui", the same company building "Halomot Zichron" in Zichron Yaacov, is creating a project of hundreds of residential units called "Halomot Karkur". We will expand and provide details on these projects in the future.

In spite of massive construction, Karkur is still very rural in nature. The massive construction and price range draw hundreds of new families with children from the Dan region, Haifa, and other locations, seeking better places to live. Schools will probably need to prepare for the reception of the thousands of children who are destined to live in Karkur. For children, and adults, it will endow a sense of security and much freedom. When you are walking or passing through Karkur on a summer night, you will always be able to see children playing in open fields, as if you returned in time to the good old Israel.

Do you want to live in the country, but find it hard to forfeit the accessibility to the center of Israel? Do you want a private home of your own, but you're budget is far from being unlimited? Want a place of beauty and good character? Pardes Hanna - Karkur still offers such real-estate bargains, without overloading yourselves with an impossible mortgage.