The Swamplot Price Adjuster runs on 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: 1447 Oxford St., Houston Heights
Details: 2 bedrooms, 2 baths; 1,498 sq. ft. on a 6,600-sq.-ft. lot
History: On the market since the beginning of last December. Price cut $5K in mid-April.
How long could Swamplot readers go without some good old-fashioned price-sniping in the Heights? The latest submission for the Price Adjuster focuses on this little 1920 home on the corner of 15th St.:
There’s just so much a 2/2 can go for in the Heights. Also, it has no garage. The kitchen has been updated but it’s not a nice kitchen. Nice backyard for sure with trellis and a bit of storage, but at the end of the day, it’s still a 2/2.
Well, then . . . what price would sell this place?
Our nominator plays with some numbers:
I’d like to think it’s more $350-375K at most, but I can see some fool purchasing it for $385K. It’s not nice to [call] anyone a fool, but that’s what it is, foolishness. They originally started at $426,500 and HCAD is at $343K. And cmon it’s zoned for Field, which is a exemplary school, but no one fights to get into Field.
Readers, now it’s your turn: Does this home need a price adjustment?