BABY NEEDS A NEW PAIR OF SCHOOLS “Inspired by the birth of our first baby” and the idea that there might be some deals out there, a reader writes in to ask for help with a home search: “We started off looking to be zoned Spring Branch – Memorial HS or HISD – Bellaire high school and are looking for a single family home (no townhome or patio homes). Generally speaking range house price expectations $400 – $600k, so we are expecting to end up in a lower to maybe lower mid range value of homes in the applicable neighborhoods. Recently discovered area code 77055 (had been focused on 77024 for Memorial). We are wondering what people’s opinions of Hillshire Village / Spring Valley / Hedwig in terms of long term appreciation / ability to resale / quality of neighborhood? Seems from an outsiders perspective Memorial and Bellaire area have generally hung in there, not sure of the perception of 77055 among Houstonians. Of course, high school for a little one is a long ways off – where would people target in this price range to squeeze into the best neighborhood (qualitatively based on long term appreciation and quality of neighborhood for a family) in the current market?” [Swamplot inbox]
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Homebuying
WANTED: PLACE TO SPREAD WINGS, BARK A hopeful hangar homebuyer writes in: “My husband and I are looking to move to the Houston area with our 2 dogs and two planes. Would you be able to direct us to an airpark with houses available? Would guess 600-700k would be max.” [Swamplot inbox]
FORECLOSURE HOMEBUYING EXCITEMENT! The tally from all those rounds of speed-buying at the George R. Brown REDC foreclosure auction yesterday: 106 properties, totaling $7.7 million dollars — plus a few giddy new homeowners: “It happened so quickly that Shamika Hayes wasn’t quite sure how it happened. ‘I wasn’t paying attention and kept raising my hand,’ Hayes told us. But in an auction where houses were selling in 90 seconds or less, the family of four bought their very first home sight unseen. Understandably they were a little nervous about that last fact.” [abc13]
COMMENT OF THE DAY: SACRIFICE BUY “ANYONE can afford to live in the loop, I am convinced of that. The question best answered is ‘What are you willing to give up to do so?’. If you have large housing demands with a limited budget, chances are the suburbs is your answer. If you can live modestly, there are plenty of Inner Loop properties for you.” [Jeff, commenting on Sub-Suburban SUV Adventure: Braving That Big Trip “Downtownâ€]
A question from a Swamplot reader:
My husband and I lost our Heights bungalow (and the hundred-year-old oaks that shaded it) to Hurricane Ike. We have decided donate the remnants of the house to Historic Houston for salvage, sell our lot . . . and use our insurance settlement to pursue our dream of purchasing an older commercial building, like an old two-story brick grocery store, somewhere inside the loop in the $200K – $350 range, 3000 – 4000 sq. ft., for mixed use as a residence upstairs and studio space/small theater downstairs. We are not having much luck.
My question is this: aside from all the usual avenues–Commgate, Loopnet, HAR, reading blogs, driving around, submitting LOI’s, what other resources exist for novice commercial buyers, like us?
HOLIDAY HEAT “Fireplaces in Houston are kind of like spleens or tonsils; probably used to be necessary, but really just for decoration now, until they flare up and cause a problem, or allow racoons, birds and rats unfettered access to your living room. Along with all the other picturesque images of family life I gleaned from Norman Rockwell and Walt Disney, I always envisioned my home with a fireplace. The only trouble is, Drew makes so much of his own heat that he can barely stand to be near himself without sweating. I’m always moments from losing a limb to frostbite, so it’s difficult for us to agree on a mutually comfortable temperature. But, as you can tell, the fireplace is lit in this photo, so we must be learning to compromise. Indeed. All I have to do to make Drew thrilled to sit in front of a lit fire in December is turn on the fan. And the air conditioner.” [A Peine for Your Thoughts]
Note: Story updated below.
The mystery buyer of the house at 834 W. 24th St. has revealed herself! Quilter, artist, and Art Car builder Kim Ritter, who says she was “raised mid-century modern,” expects to close on the Museum of the Weird on December 15th. Museum curator Dolan Smith is planning his own art sale on the property two days earlier; Ritter says that the sale will run from 2 to 8 pm, and that the prices will be far less than what you’d expect to pay for, say, a sculpture made of hair:
Come by and get a bargain, stuff starting at 5 and 10 dollars!
Ritter tells Swamplot she’s purchased some of Smith’s work herself, including a piece entitled “Man of Ten Thousand Nails,” which she intends to keep on the property.
Does this mean the museum will be preserved?
LAS VEGAS TO HOUSTON: WHAT ARE THE ODDS? A Swamplot reader requests a long hard look at the Houston housing market crystal ball: “Do any ‘experts’ lurking among Swamplot’s readership have any thoughts on long-term residential price trends in Houston? Me and the missus were trying to sell our home in Vegas (good house, great neighborhood, bad timing). Now we will be holding on to it until the Vegas market starts coming back — whenever that is. I’m trying to get an idea on what prices could look like when we finally have the funds to buy locally (6 months – 1 year, depending). Any info or sites that might help us answer those questions would be greatly appreciated.” [Swamplot inbox]
Row House CDC has completed a second group of 8 duplexes for low- to moderate-income residents — on Francis St. between Dowling and Live Oak. That’s just north of the growing Third Ward campus of Project Row Houses, the CDC’s sister organization. At least 6 units are still available, reports Robin Foster in the Chronicle:
The units range from 700 to 900 square feet; 10 are family-sized with three bedrooms and 1½ baths and six have two bedrooms and one bath.
[Row House CDC executive director Alain] Lee said funds for the project were stretched to allow the builder to frame-in back porches. If additional money can be found, the porches will be finished as part of a courtyard envisioned for both the new and original housing complexes, he said.
All 16 duplexes were based on designs by students in the Rice Building Workshop at Rice University.
- $1.8 million Third Ward housing project 60 percent occupied [Houston Chronicle]
- Row Houses CDC [Project Row Houses]
- The Hannah Project [Row Houses CDC]
Photo of Francis St. duplexes under construction: Flickr user b2tse; photo of original duplexes along Division St.: Row House CDC
[youtube:http://www.youtube.com/watch?v=PGhYduLgvZk 400 330]
AND JUST IMAGINE HOW WELL THEY’D DO IF THERE WERE JOBS OR SHOPPING NEARBY! Discovery at Spring Trails, Land Tejas’s gated and solar-panel-badged community north of Spring, is selling well, says Lisa Gray: “. . . only a few weeks after Discovery put itself on the market, and without even a finished house that would-be buyers can tour, most of the lots ready for building have been optioned, and the developer is scrambling to make more available fast. In fact, Discovery is off to the fastest start of any development in the company’s 11-year history, and Land Tejas expects demand to pick up even more this fall. Already, propelled mostly by Google searches, 200 to 300 people a week are touring the neighborhood’s ‘Discovery Center.'” [Houston Chronicle]
The Wabi Sabi House in Boulevard Oaks has sold, reports developer Carol Barden. And she says the buyer found his new home . . . by reading Swamplot.
The buyer apparently came across the Wabi Sabi while reading stories on this site about another Barden property: yes, that lonely Modern townhome on Stanford St. in Montrose designed by Francois de Menil that Barden was still trying to unload. Swamplot’s last report noticed that once-a-million dollar townhouse being offered for $749,000. Barden tells us that the Menil townhouse is now under contract. She won’t reveal any pricing details, but says that she “didn’t discount the price again.”
- Not Lived In Yet: The Wabi Sabi House [Swamplot]
- Inside the Wabi Sabi House [Swamplot]
- Menil Townhouse: Almost a Quarter Off [Swamplot]
- Menil Townhome Sales Looking for a Lift [Swamplot]
Photo of Wabi Sabi House: Olson Sundberg Kundig Allen
A househunter writes in with questions about the townhome at 5248 Larkin St. Unit D, calling it “possibly the strangest property I’ve ever seen.”
When I saw it on HAR.com, I thought I’d better be ready to spring with an offer immediately . . . I’m a first time home-buyer, so honestly, no expert. I’ve looked in Cottage Grove before, but with the exception of 2620 Detering, nothing of this size is that cheap.
On the same lot are three other identical townhouses, all advertised as new and offered at $315,000 by Mike Adams Enterprises. Unit D is listed for $219,000 and is being sold by a division of Sallie Mae.
The price is not weird for the neighborhood — I just think it’s odd that you have this foreclosure that is discounted $100k below the three new properties and they are on the same lot. . . .
The foreclosure sign is still hanging in the hallway, the red code violations are still on the door, and I’m just curious. . . .
Inspections were performed in spring of 2007 . . . but it doesn’t look like the code violations were addressed. If someone lived there, I’d be very surprised. . . .
I mean, it’s weird because they had nails in the wall –lots of nails, including ones in spots you wouldn’t necessarily hang pictures. At some point, someone had hung a television in the master bedroom. But it didn’t look as if the range had ever been used, that the showers, etc, had ever been used. If someone lived there, it was an extremely short period of time and they didn’t do anything but watch television. We were wondering at first if it had been a model home and that would account for the wear on the stairs and the holes in the wall and the nails. . . .
There were way too many red flags for me . . .
After the jump: more photos from the listing . . . and flags!
The wave of foreclosures sweeping over neighborhoods at the outer edges of town has . . . an upside!
Remember back when these neighborhoods were new — like, four years ago? Well, for buyers it’s just like those good old days all over again . . . only cheaper! That’s right: if you’ve settled on one builder model, you can be pretty picky about which upgrades and finishing touches you really want — even though the builder has moved on.
If you’re shopping for a home in Bear Creek Meadows in Katy, for example, you’ll find the four distinct residences pictured above listed on MLS. That’s right, those are four different houses. But they’re all the same model — The Cairns, Plan 509, by Legend Homes — and they’re all resales!
Which one is right for you? Clockwise from top left, the contenders are: 19411 Billineys Park Dr., 19606 Ballina Meadows Dr., 19906 Brisbane Meadows Dr., and 19510 Buckland Park Dr.
After the jump, a look at the differences between these four newish but back-on-the-market homes!
Honey, stop the car! 2300 square feet, new construction, in-ground pool, spa, game room, on a man-made fake lake. $209k. Bonus: The Relitter actually typed in “HONEY STOP THE CAR!!” as a description.
That’s blogger Lou Minatti’s punchline, after a brief tour of tiny, chain-linked-fenced, or apparently leaning homes available at similar prices in Los Angeles.
Also in the description of the Katy home is this paradox:
POPULAR LENNAR FLOORPLAN! . . . A ONE OF A KIND GEM!
After the jump: more pics, plus the sad news about this some-of-a-kind Katy home.
