Are you getting the sense that some properties on the market in the greater Houston area are priced a little . . . inappropriately? Then you’ll enjoy the brand new feature Swamplot is trying out. We’re calling it the Swamplot Price Adjuster.
Which properties will Price Adjuster feature? Ones you send in!
Here’s how it works: Send your nominations to Swamplot in an email. Make sure to include a link to the listing or photos. Tell us about the property, and explain why you think it’s worthy of a price adjustment. Then tell us what you think a better price would be. (Unless you request otherwise, all submissions will be anonymous.)
Swamplot Price Adjuster will feature the best submissions, and allow readers to comment on and quibble with the property’s pricing.
Does this sound like an interesting idea? Good, because we’ve already received our first Swamplot Price Adjuster submission, and it’s waiting for your proposed adjustments:
Location: 4016 Erie St., Park Place 77087
Details: 2 bedrooms, 1 bath; 1,298 sq. ft. on a 12,900-sq.-ft. lot
History: Listed April 20, 2009. Price cut $3K on June 4th.
Our nominator writes:
I thought this one was interesting for anyone that is a fan of the arts & crafts style. Despite its poor condition it really exudes a lot of architectural character, & at $57,000 and still just 10 minutes from downtown, its a steal! I can only imagine what it would sell for in the Heights, warts and all.
The woodwork, including what appears to be original beadboard in the bath, looks pretty cool. I imagine a lot of that in the entry is oak. Someone really ambitious could strip and refinish that. I like the stone porch base, and the small paned windows. Then again, maybe I have too much imagination.
What do you think would be a better price for this home? Our nominator starts the bidding at $75,000.