Longtime Houston Heights resident Ivan Reyna tells Fox 26 reporter Isiah Carey that his family can no longer afford the 3-bedroom 1920 bungalow on Arlington St. his father bought for $18,000 — 37 years ago.
Across from the Reynas are two million dollar homes. Just down the block is another house that sold for $600,000. And that’s the problem. Reyna says as a result of the revitalization of the Heights he can’t afford his father’s dream any more. Ivan says, “the taxes have gone up 100% since they started building the mansions.”
HCAD records show the appraised value on the home has increased almost 40 percent over the last five years alone.
Ivan says they’re hoping to get at least $250,000 for their aging home as is. He knows potential buyers are not interested in the small structure to live in. Many of the newcomers want to shop around, buy the land, and tear down the structure.
Reyna says he’s alright with that. He, his sister, and older brother are hoping to make enough off the sale to move down to the Valley where Papa is. He says there they can get 5 acres of land for a cool $90,000.
Photo: Isiah Carey