Knollwood Village, Houston, TX Market Condition Report – March 2008
Knollwood Village which is a subdivision in Houston, Texas, consists of both older and new luxury construction homes. The older single family residential homes, many of which have been remodeled, range from around 1300-2000 sq. ft., were built on slabs, and most have hardwood floors. Recently, the older homes in poor condition are often sold to builders who are usually building two story, 3500-5000 sq. ft. brick, stucco and stone exterior luxury home structures. The price range for older homes is generally $250,000-$400,000 and $600,000-$850,000 for new luxury home construction.
On March 10, 2008, our market condition report reflects that there are 5 single family homes for sale in Knollwood Village ranging from a remodeled, 3 bed/2.5 bath, 2134 sq. ft. home on a 7350 sq. ft. homes priced at $384,900 . . . to a new construction, 4395 sq. ft.,4 bed/ 4 bath luxury home on a 9330 sq. ft. lot priced at $872,599. The average list price per average square foot of living space is $181.11. Two additional homes are under contract and pending sale in the immediate future.
Two homes sold in February 2008. One was a remodeled 1887 sq. ft., 3 bed/ 2 bath home on a 7770 sq. ft. lot sold for $340,000 . . . and the other was a new luxury home construction 4 bed/ 4.5 bath home on a 9100 sq. ft. lot which sold for $785,000. The average sales price per sq. ft. for both homes was $180/ sq. ft.
Information used in this report was gathered and obtained from the Houston Association of REALTORS Multiple Listing site.
ZIP Code: 77025
Approximate Location Boundaries:Inside 610 Loop, south of S Braeswood , Buffalo Speedway area
Location Characteristics: Knollwood Village is a Houston, Texas inner loop, deed restricted, residential subdivision consisting of approximately 600 single family homes. It is close to the Texas Medical Center,downtown Houston, the Museum District, Reliant Stadium and the Galleria. Originally developed in the 1950s, the last few years have seen new construction in the neighborhood. The subdivision is zoned to Longfellow Elementary, Pershing Middle School, and BellaireHigh School although one should always check with HISD for boundary changes. Other subdivisions in the immediate area are Braes Terrace, Westridge, Linkwood and Woodside.
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:
Toll Free: 800-808-6153
E-mail: Meg@FineHomesHouston.com or Jim@FineHomesHouston.com
Cells: Meg – 713-875-4844 Jim – 713-545-6338