Braes Heights Real Estate, Houston, Texas – Market Conditions – February 2008 Report

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Sales in the popular Braes Heights real estate neighborhood located in Houston, Texas can be largely broken down as follows: older homes with few if any updates which are mainly worth lot value; older homes which have been completely remodeled; and, new or recent construction.

According to information that was reviewed in Houston Association of REALTORS Multiple Listing Service, Braes Heights, Houston, Texas currently has 12 single family residential homes on the market priced from $429,900. for a completely remodeled 3 bed/2 bath, 1632 sq.ft. home on a 7875 sq. ft. lot, to a new construction luxury  4 bed/3.5 bath, 4600 sq. ft. home priced at $1,299,000. The average asking price per square foot is $219.58. There are an additional 4 homes pending sale as of 2/13/2008.

In January 2008, two homes sold for an average sales price per square foot of $197.12. The lowest sale was a 4 bed/ 3 bath, updated 2720 sq. ft. home on a 9750 sq. ft. lot which sold for $486,500. The highest sale was a new construction luxury  4 bed/ 4 bath, 4389 sq. ft. home on a 9223 sq. ft. lot which sold for $915,000.

ZIP Code: 77025

Approximate Location Boundaries: See Characteristics section

Location Characteristics: Braes Heights is a subdivision in Houston, Texas consisting of mostly single family homes located inside the 610 Loop, west of the Texas Medical Center and south of West University and Southside Place. It’s street boundaries are roughly Holcombe to the north, North Braeswood to the south, Stella Link to the west and Buffalo Speedway to the east. Braes Heights is part of Braeswood Place which is composed of seven subdivisions: Ayrshire, Braes Heights, Braes Oaks, Braes Manor, Braes Terrace,Emerald Forest and Southern Oaks. For the most part the neighborhood was built in the 1950s and is now mainly composed of the older ranch style homes and new construction luxury homes. There has been much new construction of luxury homes in the last 10 years-mostly 2 story homes from 3200 to 5500 sq. ft.

Recent additions and improvements to the neighborhoodare a Houston public library, YMCA, Sheltering Arms senior citizens facility headquarters, McGovern Park ballfields for children, Helen’s Park and Beal Park. Braes Heights is zoned to Mark Twain Elementary (newly built), Pershing Middle School(newly built), an optional Pin Oak Middle School located in Bellaire and Lamar High School. Children in Braes Heights are placed in the West University Little League. Braes Heights is part of the Braeswood Place Homeowners Association.  

Meg and Jim Zoller – The Zoller Group of Keller Williams Realty, The Metropolitan

Please view our website, http://www.finehomeshouston.com/ . Also, feel free to contact us at:

Direct: 713-661-0884

Toll Free: 800-808-6153

E-mail: Meg@FineHomesHouston.com or Jim@FineHomesHouston.com

Cells: Meg – 713-875-4844 Jim – 713-545-6338

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Bellaire, Texas Real Estate, Houston, Texas – Market Conditions – February 2008 Report

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According to information that Jim Zoller reviewed on Houston Association of REALTORS Multiple Listing Service to provide you with market conditions, there are currently 132 single family residential homes on the market in Bellaire, Texas priced from a low of $235,000 for a “livable condition”, 1530 sq. ft., 3 bed/1.5 bath home on a 8228 sq. ft. lot which backs up to a busy street to the high price of $3,200,000. for a 7731 sq. ft., 4 bedroom/ 5 full, 2 half bath planned new construction luxury home on a 18,525 sq. ft. lot. The average list price per sq ft is $247.66. Forty six homes are waiting for home buyers priced at over $1,000,000 and 27 homes are priced at $400,000 or less. As of 02/8/2008 there are an additional 24 homes pending under contract priced from $256,900 to $1,795,000.

During the month of December 2007, 12 single family homes closed with sale prices ranging from $232,000. to $1,680,000. The average sales price per average sq. ft. was $207.69/ sq. ft.

In January 2008 12 sales closed with an average sales price per average sq. ft. of $213.24. The low sales price was $239,900 for a home on a 9250 sq. ft. lot which was sold for lot value. The highest reported sales price was $1,864,000 for a 4 bed/5 full, 2 half bath/ 3 car garage home built in 2000 on a 20,475 sq. ft. lot.

There are presently reported to be 5 Bellaire, Texas townhomes active on the market, priced from $199,000 to $299,000. The average list price per sq ft is $140.09. Although none sold in January, 4 are presently pending sale.

Luxury new construction in Bellaire is still strong and the prices are increasing due to rising building costs and lot prices. For the most part the original construction in Bellaire originated in the late 40’s and 50’s. Many of these original homes have been and are being purchased at lot value with the old homes being replaced with larger, luxury new construction homes.

ZIP Code: 77401

Location Characteristics:  Bellaire, Texas located on both sides of Interstate Loop 610 West, is surrounded by Houston and many subdivisions including West University Place, Southside Place, Meyerland, Willow Meadows, and Afton Oaks. It’s a very short distance to the Galleria, Reliant Stadium, downtown Houston, the Theater District, and the Medical Center.

Bellaire is zoned for residential,commercial, and light industrial sections. Bellaire, Texas is well known as a residential city or a “city of homes”. The city is well-liked for its police and fire protection, parks and recreation facilities, library, public works department, and recycling center.

Meg and Jim Zoller – The Zoller Group of Keller Williams Realty, The Metropolitan

Please view our website, http://www.finehomeshouston.com/ . Also, feel free to contact us at:

Direct: 713-661-0884

Toll Free: 800-808-6153

E-mail: Meg@FineHomesHouston.com or Jim@FineHomesHouston.com

Cells: Meg – 713-875-4844 Jim – 713-545-6338

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West University Place, Houston, Texas Real Estate – Market Conditions – February 2008 Report

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According to information provided by The Houston Association of Realtors, there are currently 123 single family homes available for sale in West University Place, which is located in Houston, Texas. While the majority of these homes are of newer luxury home construction with a minimum of 4 bedrooms and 3000 sq. ft., there are also smaller homes available to home buyers with 2 bedrooms that were originally constructed in the 1920’s, 30’s and 40’s, and some being sold to builders and individuals for lot value.It was determined by analysis of information provided by the Multiple Listing Service that for the month of January 2008 home buyers bought 8 properties in West University Place averaging $615,812 or $217.37 per square foot compared to 11 sales in January 2007 averaging $748,545, or $254.00 per square foot.

ZIP Code: 77005

Approximate Location Boundaries:  Kirby Drive to the East, Union Pacific Railway railroad track to the West, Bellaire Boulevard/West Holcombe Boulevard to the South, and Bissonnet and Law Streets to the North.
Location Characteristics: Usually referred to as West University or West U for short, West University Place was developed by former Tennessee Gov. Ben Hooper. His idea for a community of country homes was conceived in 1910 when Governor Hooper bought a tract of land southwest of Houston out of an old Spanish land grant. The Houston West End Realty Company developed today’s West University Place First Addition and put the first lots up for sale on April 1, 1917. The name “West University Place” originated from its proximity to Rice Institute (now known as Rice University). The city of West University Place incorporated in 1924 and adopted a formal city charter in 1940.
Approximately 26 subdivisions are located in West University Placewhich include Rice Court, Pemberton, Colonial Terrace, Sunset Terrace, Cunningham Terrace, Evanston, Matthews Place, Kent Place, Monticello, Virginia Court, Belle Court, College Court Place, Collegeview, Preston Place, Pershing Place, Academy, Quenby Court, Bissonnet Place, Fairhaven, College Park, and Krenzler Courts and some sections are simply known as West University Place.

Students who live in West University Place are zoned to West University Elementary, Pershing Middle School in the Braeswood Place neighborhood of Houston and possibly Post Oak Middle School located in Bellaire, and Lamar High School which is in the Upper Kirby district of Houston.

The city’s boundaries are:  Kirby Drive to the East, Union Pacific Railway railroad track to the West, Bellaire Boulevard/West Holcombe Boulevard to the South, and Bissonnet and Law Streets to the North.

Meg and Jim Zoller – The Zoller Group of Keller Williams Realty, The Metropolitan

Please view our website, http://www.finehomeshouston.com/ . Also, feel free to contact us at:

Direct: 713-661-0884

Toll Free: 800-808-6153

E-mail: Meg@FineHomesHouston.com or Jim@FineHomesHouston.com

Cells: Meg – 713-875-4844 Jim – 713-545-6338

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Houston Heights Real Estate, Houston, Texas – Market Conditions Report – February 2009

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There are approximately 3500 single family homes in the Houston Heights, Houston, Texas with an average sales price per sq. ft. of $164 in 2006. Since 1994, this figure has increased every year. The values were $150/sq ft.in 2004 and 156 in 2005. These figures were obtained from the Houston Association of Realtors Multiple Listing Service, as are the others cited in this article.

There are currently 147 single family homes for sale in the Houston Heights ranging from a 3 bed/ 2.5 bath, 1406 sq. ft. home on a 3040 sq. ft. lot listed for $129,900 to a 1925 property currently configured as an inn with 5600 sq. ft. and a 2600 sq. ft. carriage house on a 11,250 sq. ft lot and priced at $1,575,000. The average list price per sq. ft. is $191.44. Many of the homes for sale are new construction ones on small lots but there are a good selection of older homes. Another 36 homes are under contract as of 2/12/2008 but haven’t closed yet.

In December, 2008 there were 25 single family homes sold at prices ranging from $166,800 to $1,075,000 with an overall average sales price per sq. ft. value of $173.70.

In January 2008, 18 single family homes sold at prices from a low price of $94,000 for a foreclosed 3 bed/ 1 bath,977 sq. ft. home on a 4978 sq. ft.lot to a high price of $1,677,000 for a yet to be built, 4000 sq. ft., 4 bed/ 4 bath home on a 6600 sq. ft. lot. The overall average sales price per sq. ft. was $187.06.

ZIP Code: 77008

Approximate Location Boundaries: Downtown Houston, Memorial Park, Oak Forest

Location Characteristics: This historical neighborhood, with a mixture of bungalow, Victorian homes, and new construction (as well as some industrial and commercial property) was originally established as a planned community in the late 1890s. The location was partially chosen because it was 23 feet higher than downtown Houston, Texas located 4 miles away. In 1918, Houston Heights residents voted for annexation by the city of Houston.

The single family home market in the Houston Heights consists of older Victorian era homes, older bungalows, and new construction. Many of the older homes have been remodeled and over 100 Houston Heights structures are registered in the National Register of Historical Places. The newer construction consists of everything from contemporary designs to Victorian style homes.

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Houston Texas Real Estate – Luxury Home – 3414 Gannett

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3414 Gannett, Houston, Texas 77025

This Knollwood Village subdivision property is a good example of “What’s happening with Houston, Texas Real Estate”Luxury homes such as this one are reflective of the new construction homes being built in older neighborhoods in Houston, Texas close to the Texas Medical Center and Downtown.  Older homes originally built in the 40’s, 50’s, and 60’s are being razed so that the new and larger homes can be built.

Built by Teal Creek Homes, Inc., this home in particular is an absolutely delightful and refreshing four bedroom, three and a half bath stucco and stone luxury home which exudes “personality plus”.  The entryway and gallery showcase an enchanting staircase, a “Juliet” balcony and a wonderful domed ceiling. A large formal dining room, butler’s pantry, wine closet, huge family room with beamed ceiling, large second floor game room, dream kitchen, breakfast bar and breakfast room, lovely windows throughout, arches seen everywhere, several computer/study areas, mudroom, hardwood floors, and fabulous ceiling treatments throughout are among the features of this outstanding home.  The home, which is in it’s final completion/”touch-up” stage, is reported to have 4024 square feet of living space and is situated on a 7800 square foot lot.  The asking price for this Knollwood Village subdivision home in Houston, Texas is $749,900.

 
Stucco and stone home
Have you ever dreamed of owning a castle? This may be your dream home! The stucco home is beautifully trimmed with architectural stone, decorative iron and a classic style turret. Come spring, the trees will provide a softness and shade to the yard.
Staircase
From the foyer you will enjoy the graceful lines of the curving staircase. The windows allow natural light to flow into the turret.
Domed ceiling
A delightful domed ceiling adds beauty and distinction to the turret. There is a Juliet style balcony that overlooks the graceful staircase.
Dining Room
There is a wide archway which allows your entrance into this formal dining room. Between the dining room and kitchen is a butler’s pantry and a wine closet.
Family Room
The large family room has a wall of windows overlooking the back yard. Ceiling beams give a distinctive character to the tray ceiling. The custom cabinetry is eye-catching and the slate beautifully accents the gaslog fireplace.
Kitchen - View 1
Custom cabinetry, granite counters, nicely placed island and wonderful storage make this kitchen a wonderful place to prepare all your meals.
Kitchen - View 2
The breakfast bar and arch over the walk-up bar are noted in this kitchen view. You can easily see into the family room and the breakfast room. You may also enjoy the back yard view. There is still some kitchen privacy, though.
Study/Office
Lovely glass doors open into the study/office. There is a huge closet in this room that winds under the staircase for storage. The custom cabinetry adds character to the room.
Study/Office Cabinetry
The stained cabinetry adds a sense of luxurious warmth and comfort to the study/office.
Breakfast Room
Double doors open from this large breakfast room onto the covered slate patio.
Mudroom
Mudrooms are ideal for stowing in an orderly compact manner. This room is situated between the oversized garage, home kitchen office and breakfast room.
Ganeroom/Media Room
I’m sure you will spend quite a bit of time in this upstairs gameroom/media room. The wall of built-ins is delightful. The hardwood floors throughout the home have not yet been stained.
Master Bath
It would be great to be able to see the entire master bath in the same picture.A huge shower with two shower heads and a seat, whirlpool style tub, well planned closet system, tall double vanities and an attractive dome are a few of the features.
Computer Alcove
Outside the secondary bedrooms and gameroom, you will find this computer alcove. Between the study/office, kitchen office and computer alcove . . . everyone in the house ought to be able to find some private workspace.
Back Yard
This is a view of the back yard. The slate covered porch and walls of windows are easily seen. There is a place on the patio with a gas connection where you could set up your gas grill or possibly in the future add an outdoor kitchen.
Back Yard from 2nd Story
This back yard view is taken from the second floor window. Please note that this picture has been taken before spring. The tree in the back yard has not ‘leafed out’ yet. Imagine how pretty it will be.
 

For a 360 Degree tour and/or slide show go to http://www.Vi360.us/MLStour.jsp?mlsid=houston-661-1680.

Meg and Jim Zoller – The Zoller Group of Keller Williams Realty, The Metropolitan

Please view our website, http://www.finehomeshouston.com/ . Also, feel free to contact us at:

Direct: 713-661-0884

Toll Free: 800-808-6153

E-mail: Meg@FineHomesHouston.com or Jim@FineHomesHouston.com

Cells: Meg – 713-875-4844 Jim – 713-545-6338

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