The Swamplot Price Adjuster needs your nominations! Found a property you think is poorly priced? Send an email to Swamplot, and be sure to include a link to the listing or photos. Tell us about the property, and explain why you think it deserves a price adjustment. Then tell us what you think a better price would be. Unless requested otherwise, all submissions to the Swamplot Price Adjuster will be kept anonymous.
Location: 7538 Inwood Dr., Charnwood
Details: 17,781-sq.-ft. lot
History: Sold for $503,000 in December 2007. Listed on HAR for 4 months now at the current price.
Says the reader who’s nominating this vacant homesite:
The lot is in Charnwood, a really nice subdivision, they keep things looking nice. When I bought in Charnwood (Inwood Dr), it was the lot size that appealed to us, it seems like all the lots are 15k sqft or more, which is very generous for the area (galleria/west Houston).
It is close to lots of great eating, shopping, schools too but still has a nice family feel too it. I really like it and more importantly it is way more better value than Briargrove (Charnwood has way bigger lots too) and Tanglewood (chi-ching $$$).
Also, there are quite a few new custom builds in the subdivision, that points to good strong house values for the future. . . .
This lot was “for sale by owner” for $500k for around a year . . .
So . . . what would be a better price for this chunk o’ land?
There have been houses sold in this subdivision for less than this in the last 12 months.
Most houses in this subdivision that have sold recently are in the 500k – 600k range with house!
I think 350k-400k would be much more realistic.
What do you think?