Two story dream home in Lavaca priced to move quickly. Completely renovated home sits on large lot and features a contemporary kitchen with Bosch appliances, tankless water heater, insulated walls, spray foam insulated attic and sub-floor, high efficiency HVAC system, new concrete pier foundation, new electric system, new plumbing, and more. Private master suite upstairs is stunning with cedar added to mimic exposed rafters. Seller renovated 123 Panama and many others in Southtown. Come take a look.
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The main reason Zillow and Trulia do not work in Texas is that we are a non-disclosure state in regard to home sales prices. Zillow and Trulia pull their data from county records and in TX that data is based on county appraisals and not actual sales prices. Bexar County Appraisal District can do a fairly decent job of appraising new suburban construction but it is very difficult to accurately determine true value in older neighborhoods where the housing stock will vary widely in quality of renovations or lack thereof. If you’re looking to determine true market value of a home it is best to consult a real estate professional that knows your neighborhood and has access to comparable properties both actively on the market and those that have recently sold.
How to Figure the Fuzzy Math of Internet Home Values
By ALYSSA ABKOWITZ The Wall Street Journal November 13, 2011
Jason Gonsalves worked hard to turn his 6,500-square-foot stucco-and-stone home in the suburbs of Sacramento into the ultimate grown-up party pad, complete with game room, custom wine cellar and an infinity-edge pool overlooking Folsom Lake. When interest rates fell recently, Mr. Gonsalves, who runs a lobbying firm, looked into refinancing his $750,000 mortgage. That’s when he got startling news—the home had dropped more than $200,000 in value while he was renovating.
Or at least, that’s what one real-estate website told him. Another valued the house at only $640,500. And these online estimates left him all the more confused when a real-life appraiser, assessing the house for the refinancing loan, pinned its value at $1.5 million. “I have no idea how those numbers could be so different,” Mr. Gonsalves says.
This op-ed piece was recently posted in The New York Times. I see San Antonio moving in the direction he speaks of with our city, county, and VIA electing to move forward with their light rail plans and also with the continued work of the HemisFair Park Area Redevelopment Corporation as they finish their master plan that will lay out the future renewal of HemisFair.
The Death of the Fringe Suburb
By CHRISTOPHER B. LEINBERGER Published: November 25, 2011 in The New York Times
DRIVE through any number of outer-ring suburbs in America, and you’ll see boarded-up and vacant strip malls, surrounded by vast seas of empty parking spaces. These forlorn monuments to the real estate crash are not going to come back to life, even when the economy recovers. And that’s because the demand for the housing that once supported commercial activity in many exurbs isn’t coming back, either.
By now, nearly five years after the housing crash, most Americans understand that a mortgage meltdown was the catalyst for the Great Recession, facilitated by underregulation of finance and reckless risk-taking. Less understood is the divergence between center cities and inner-ring suburbs on one hand, and the suburban fringe on the other.
It was predominantly the collapse of the car-dependent suburban fringe that caused the mortgage collapse.
Preservationists’ dream featured in the 2011 Mahncke Park Home Tour. Built by notable developer H.C. Thorman in 1925, the two-story home maintains its historic charm while including modern amenities such as an open floor plan, dual-room master suite (convertable back to 3rd bedroom), & insulated exterior walls. Owner created larger master & has original materials to return back to three bedroom if needed. Numerous windows flood the home with natural light. Sited on a deep lot & a quiet street yet only minutes to Brackenridge Park, Ft. Sam Houston, The Pearl Farmer’s Market, Trinity University, UIW, Downtown, & more. Come take a look.
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