The market is STRONG for distressed homes in Southtown! This home received 26 offers within two days! My task was to help the seller determine which buyer would be the best buyer for the property, who could close the easiest, and the buyer’s intentions for the home. We had a quick and successful closing with both parties happy with the outcome.
Also, if you’re interested in selling a distressed home (or any home for that matter) please consult a REALTOR® that can help you determine the true value of the home. In this case a neighbor down the street had earlier approached the seller with an offer to purchase. I was able to find another buyer that paid twice what the neighbor was proposing.
Investor Special in the King William Historic District. Steps away from all that Southtown has to offer. Estate Sale – Sold AS IS, WHERE IS, & WITH ALL FAULTS. CASH ONLY. Multiple offers expected. Seller thinks BCAD Sqft is incorrect in that it doesn’t appear to include the attic conversion. Lower level is 2 bed & 1 bath. Attic level is 1 bed & 1 bath. One electric and one gas meter. **Click on the photo for more information and photos.**
The December/January King William Association newsletter included this story of the new townhouses being developed by long-time neighbors Steve Yndo and Jim Bailey. They have been working diligently with the neighborhood, neighbors, and the KWA to produce a top-rate product. I look forward to seeing them go up and can assist anyone interested in purchasing one.
“Growing Pains” written by Cherise Bell
With the SA2020 initiative, the City has set a goal to add 7,500 new residential units downtown. Already built are Cevallos Lofts and 1010 S. Flores. Currently under construction are the Elan Riverwalk apartments and the Big Tex apartments, both which have 350 units. In the planning stages are a 150 unit complex on “the slab” next to La Tuna Restaurant and a project on Cedar Street with 12 units and 5 units.
The Cedar Street Townhouse are being developed by Steve Yndo, with Jim Bailey of Alamo Architects. In order to accomplish this project, the Children’s Shelter would be demolished. After presenting their plan to the KWA Board several times, the number of units was reduced and the configuration of the site plan was rearranged to reduce the visual impact on adjoining neighbors. The KWA Board approved the concept and zoning changes at its June 18 meeting. Currently, the zoning for one of the two lots is MF-33 (multi-family with maximum of 33 units); the other lot is zoned RM4, so no zoning change is required to accommodate the proposed 5 unit structure. Yndo will be changing the zoning of 133 Cedar to IDZ – with residential uses, specifically tied to the site plan. Zoning for 311 Pereida will go from MF-33 to RM-4 (single-family dwelling.) Yndo, KWA and SAISD are working together to try and move the Solon Stewart House from 114 Cedar to 311 Pereida. The KWA Board, using the KWA charter and mission as guidelines, approved the change in the use of the Children’s Shelter property (from commercial to residential) and putting a single-family house on the vacant lot at 311 Pereida.
112 Mission St. 78210 – King William Historic District
Wonderfully maintained bungalow in the heart of King William. This home features two bedrooms, one and a half baths, central heat and air, off-street parking, and a private courtyard. Centrally located in King William with easy access to all that Southtown has to offer. Price includes front loading washer & dryer, all attached light fixtures, and refrigerator. The property has C2 zoning and can be used for a business or remain as a single family home. Also included is a small sign easement on S. Alamo. **Click on the photo for more information and photos.**
This recent article was posted in the San Antonio Business Journal about the residential real estate market in San Antonio. While the article focuses mostly on Alamo Heights I can attest that the seller’s market discussed is also happening in the downtown and central city neighborhoods. It has been my experience recently both on the listing and buying side that desirable homes that are priced well will receive multiple offers. The title of the article says it best, “The pace is back.”
“The Pace is Back.”
By Shari L. Biediger for San Antonio Business Journal
A co-founder of the boutique firm Nix Realty, Kate Park recently showed a charming 4-3-2 on a tree-lined street in Alamo Heights, only to receive a text message from the listing agent while walking back to her car.
The house just received an offer from another buyer — one who had not yet seen the property.
“The pace is back,” says Park. “It is fun.
Turn down those thermostats. Local home sales are heating up faster than the patio furniture cushions on a sizzling, summer day. And not just in the popular pockets of the past. Some of the city’s sleeper markets are awakening.
“The number of days on the market continues to drop, average sales prices continue to increase, while months in inventory continue to decrease,” says Steven Gragg, chairman of the San Antonio Board of Realtors. “Last year was a really good year. And now, within the first quarter of 2013, we are 15 percent ahead of 2012.”
Ready to pounce
It’s a trend that began last summer, says Park.
“The pace was fast in 2012 for the same three months, March to May,” says Park. “But this year, it seems as though there are more properties selling with multiple offers, which usually equates to the seller getting closer to their asking price, or even more than their ask in a few cases.”
Low interest rates and higher consumer confidence are drivers. It doesn’t hurt that election year has passed.
LISTING – 514 Madison St 78204 – King William Historic District
This two story Queen Anne home sits on a double lot just steps away from the River Walk in Historic King William. Double wrap around porches provide the perfect vantage point to watch the Fiesta King William Fair & Parade. The home features high ceilings, tall windows, beautiful hardwood floors, space for attic expansion, & a grand entry with elegant stairway. The family room overlooks the spacious yard shaded by mature trees. The detached two car garage off S. Alamo has a second story studio & full bath.
Tonight was the Grand Opening of the much anticipated Alamo Street Eat ~ Bar. Steve and Jody Newman have transformed the former Acapulco Drive Inn into Southtown’s newest place to see and be seen. Judging by tonight’s crowd it was the place to be on a comfortable April evening. The venue will be open Tuesday through Sunday and will feature a rotating mixture of at least three to four of San Antonio’s finest Food Trucks. And of course it wouldn’t be a proper Southtown hang-out if it didn’t include a good selection of draft beers.
See the photos below for more details:
Alamo Street Eat ~ Bar in the shadow of the Tower of Americas
Hours of Operation
Tonight's Selection of Food Trucks
Two of tonight's Food Trucks
Jason Dady (sans backwards baseball cap) brought his DUK Truck
Contemporary construction in the center of the King William Historic District. This luxurious and spacious home has it all. A gourmet kitchen is at the heart of the open floor plan which allows for wonderful entertaining or simply spending a quiet evening in. The private master retreat features a dressing room wrapped with California Closets, two restful balconies, and a well appointed bath. The pool, yard, and patios provide great spaces for outdoor living. Impeccable condition and centrally located.
Click on the photo for more pictures and information about the home.