NEW LISTING – 414 Barrera St. 78210 – $430,000

414 Barrera St. - Lavaca

414 Barrera St. – Lavaca

 

Rare renovation and in-fill opportunity in Southtown. 410, 414, & 418 Barrera St are being sold as a package for redevelopment. PACKAGE WILL NOT BE SPLIT OR SOLD SEPARATELY. Combined the three lots are overall 142′ W x 133′ D and 18,886 sqft per BCAD. Homes are located in the Lavaca Historic District which would most likely prevent demolition. Unique opportunity to rehab two homes and build new in-fill homes on the adjoining lot. Broker can provide a possible renovation & in-fill scenario packet. 414 Barrera home & garage encroaching on 418 Barrera lot by estimated 13 ft. Structures are secured & require at least 24 hours notice for showings. Buyer to purchase new surveys.  **Click on the photo for more information and photos.**

SOLD – 314 Callaghan Ave in Lavaca

SOLD - 314 Callaghan Ave in Lavaca

SOLD – 314 Callaghan Ave in Lavaca

Dubbed “The Pi House” by the seller this charming 1/1 went under contract the day it hit the market. The Lavaca market, and all of San Antonio for that matter, is very hot now. Let me know if I can help you find your new home. Click on the photo for a link to more photos and information about the house.

Southtown Flats coming to the former Slab site

If you haven’t been down Cevallos St or Clay St recently you’re in for a surprise. The Slab at Probandt St is now gone and a 229 unit apartment complex named Southtown Flats is under construction. You’ll also notice ground has been broken for a new in-fill project that will feature eight new single-family homes between Clay and Cevallos. Recent Zoning signs have been spotted along Clay St with plans for more single-family in-fill homes as well as another multi-family apartment complex. Oh yea, and Big Tex (or Blue Star 2) is also now under construction. This area of Southtown is booming with development. Here’s the article written by Stephanie Guzman for the January 2, 2015 San Antonio Business Journal. Link to article.

Southtown to gain new multifamily option

Construction crews will break ground on a large residential development south of downtown San Antonio this month, bringing more apartments to the community known as Southtown.

Transwestern Development Co. will partner with the real estate investment firm Amstar to develop a 229-unit apartment building at 111 Probandt St., just across the street from Blue Star Brewing Company.

In a neighborhood populated by older single-family and historic homes, a brand new five-story apartment complex will rise for renters who want to live downtown. It’s unclear how much rent will cost at the new complex, named Southtown Flats. Yet with its resort-style design, it appears the complex will be marketed to high-income renters.

Southtown Flats’ high-class amenties include a pool with cabanas and hammocks, outdoor kitchens, fire pits and a rooftop deck with downtown views. A clubhouse on the property includes a catering kitchen, dining areas, lounges with televisions and fitness center — including a yoga studio. The property also comes with a large parking garage and bike storage rooms.

Southtown is already popular with high-income renters. Right around the corner from Transwestern’s 2.3-acre project site is Cevallos Lofts, another luxury apartment complex opened in 2011 that has done well with renters. Rents there range from $1,200 to $2,800 monthly and the building is 96 percent occupied and 99 percent preleased, according to its leasing office.

This isn’t a surprise considering San Antonio’s overall multifamily market remains steady. San Antonio’s multifamily occupancy rate sits cool at 90.5 percent, a little less than Texas’ overall 91.7 percent occupancy rate, according to commercial real estate firm, CBRE.

With occupancy rates so high, it’s no wonder Transwestern is beginning to dip into the multifamily market. The Houston-based real estate firm typically builds and manages commercial properties and large office buildings. Yet the company has begun to develop a string of new high-end apartment complexes, including projects in Fort Worth and Houston.

This is Transwestern’s first multifamily project in San Antonio. The development company is confident its project will be in high demand because of Southtown’s proximity to restaurants, art galleries and its downtown location.

Amstar, which provided the equity behind the project, agrees.

“Southtown is an easy place to like because of its restaurants and activity and the scene is a lot of fun,” said Amstar Managing Director Daniel Cohen. “We’re excited about this project and excited to move forward. We like San Antonio’s employment story of growth in addition to the urbanization we’re seeing downtown.”

Southtown Flats will be on the market by spring 2016.

Cedar Street Townhouses coming to King William

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.

NEW LISTING – 140 Callaghan Ave 78210 – $417,000

140 Callaghan Ave 78210 - Lavaca Historic District

140 Callaghan Ave 78210 – Lavaca Historic District

Newly priced for VA financing.  This home, built in 2007, is centrally located in the Lavaca Historic District. It features a second floor master suite that opens onto a large balcony with commanding views of downtown & the Tower of the Americas. The downstairs floor plan provides wonderful entertaining space with open flow among the kitchen, living, & dining rooms. Also downstairs is a fourth bedroom or media room. The corner lot is fenced and has a workshop and carport that can accommodate up to four cars. **Click on the photo for more listing information and photos.**

How’s the market? Hot!

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.

NEW LISTING – 514 Madison St 78204 – $545,000

514 Madison St 78204

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.

 

 

NEW LISTING – 239 Lone Star 78204 – $155,000

Curtis Bowers King William Lavaca Southtown Lone Star San Antonio Listings For Sale Front Porch Realty, LLC

239 Lone Star 78204

 

Recently renovated historic home in the hip Lone Star Neighborhood. 3 bedrooms & 2 bathrooms. Renovations include refinished floors, new interior paint, electrical upgrades, updated bathrooms, HVAC, updated kitchen with stainless steel appliances, washer & dryer, attic conversion, and a security system. Open floor plan flows into the sleek kitchen with breakfast bar. French doors open to a deck and a large back yard. Perfect for entertaining. Move-in ready and waiting for you.

Click on the photo for more pictures and information about the house.