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.
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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I have somewhat mixed emotions on the closing of Acapulco Drive Inn. On the days it was open (very sporadically) it was a great place for neighbors to gather and catch up. I have a couple of neighbors that swear their dog would not let them walk by without them first stopping for a beer. It was a great place to stop by before or after walking to NIOSA or other Fiesta Events.
If you’re looking for another great neighborhood ice house to fill the void be sure to check out The Friendly Spot Ice House in the heart of Southtown. http://www.thefriendlyspot.com/
My hope is that the now vacant Acapulco will be taken over by another group that will fully utilize its prime location at the entrance of Southtown and add some vibrancy to the space.
This article in the Express-News does a good job of explaining the history of Acapulco Drive Inn, the role of an ice house, and the reason it is closing down.
