Swamplot Price Adjuster: Carrabba Rating Commercial Property

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: 2506 West Main St.
Details: 2-3 bedrooms, 2 baths; 1,779 sq. ft. on a 9,473-sq.-ft. lot
Price: $950,000
History: On the market since the beginning of September.

Just a couple blocks south of the intersection of Kirby and West Alabama is this behind-the-Carrabba’s-parking-lot home, apparently being marketed for lot value. The reader who’s nominating this property calls it:

Cute little house, but almost a million for it. Represented by Carraba Property. Next to restaurant of the same name. For that price, a lifetime supply of free Italian meals should come with purchase.

Okay, what about without the meals? What should it cost then?


This week’s nominator suggests $450K to $550K. What do you think?

9 Comment

  • $700,000 for lot value.

  • If I am reading the tax data correctly, HCAD values the land at around $289K.

    This is far, far, far too much.

    I’d offer the seller $175K for all of the ivy; $0 for the house; with the stipulation that the lot be included in the sale of the ivy.

  • It’s a beautiful house, but it seems to have alot going against it.

    This property has been the residential homestead of the current owners since 1998, so you can not in any way go by the valuation offered by HCAD. I am certain the lot value is worth well over the $289k in its record.

  • yeah, that ivy is awesome, but I’d like to take the garage off their hands. So quaint; I love it.

  • Interesting that the listing contains NO interior photos. Its a great location but, indeed, overpriced. And what’s up with letting the ivy grow over the windows? To cover the burglar bars?

  • I want those front windows. Don’t know what I’d do with them, but I want them.

  • I think the $450,000 to $550,000 range is probably where it will sell. I have to wonder where they came up with $950,000 but am content to just add it to the various mysteries of life. Maybe they are aware we are headed for a half-price sale and decided to list it accordingly. Hopeful just the same that someone out there doesn’t know any better.

  • This is interesting. I know the owner and property well. This location is prime for commercial property, but we all know how well commercial developments are doing about now. This a tough sell in this market. The interior is not in bad shape. With all of the posters here that are bonkers about bungalows, quite a few of them would love this place. However, the current price is unfortunately unrealistic in this market. I would love to see them get it, because they’re really nice folks, but I won’t hold my breath.

  • This place was a hair salon for years, and as recently as this summer it was still in business.

    Not a nickel over 300K.