BBBB for the Week of Jan 31, 2021: 🏘️ Top 5 + Luxury Living 😎

in Becky's Best Bungalow Bets, Heights

Hello BBBB Friends:

Serious shopping took place this past week in the Heights with 11% of active single-family home listings going under contract including all four of my picks from last week. However, the story wasn't just about shiny new listings, half of the new contracts were for homes that have been on the market for an average of 175 days. With low inventory levels, it appears that some buyers are tired of waiting and are taking a hard look at properties that have been on the market longer.  Unfortunately, new listings did not keep pace with sales causing a further decline in available inventory.  To view price changes, new contracts, and final sales for homes that are Still on My List,  be sure to keep scrolling down!

FUN 2020 STATS
A comparison of sales by price point tells an interesting story of the transformation of the Heights from quirky, charming and quaint, to the land of luxury. HAR defines luxury as homes priced at $750k or more. In 2020, 31% of single-family home sales fell in this category. Compare to 5 years ago when the percentage of luxury homes sold in the Heights was only 20%. Flashback 10 years and that number drops to only 5%.

Heights* Single Family Home Sales
Price Range 2019 2020 Change
$0-$499,999 318 280 -12%
$500,000-$749,999 358 382 7%
$750,000-$999,999 153 174 14%
$1,000,000+ 113 125 11%
Total 942 961 2%
  Source: HAR

Fun fact: the first million-dollar home sold in the Heights was the Cooley Mansion at the corner of Heights & 18th. Built-in 2001 it sold for $1.1 million. It wasn't until 5 years later that a second home sold for over a million, and it was the same house!  Million-dollar homes in the Heights didn't become common until the boom years of $100 oil but even with the retraction of the housing market in 2016, the number of million-dollar homes in the Heights continued to grow.

Let’s go look at houses or talk about selling yours!!!
Becky

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Information About Brokerage Services
TREC Consumer Protection Notice

Becky Davis
Compass Realty
832-628-8221

Thinking of selling? We can front the cost for painting, landscaping, upgrades, and more. No fees or interest, EVER! Click here for more information.
 
*Note: For purposes of BBBB, the "Heights" is defined as the area between I-10 and Loop 610 N and between Shepherd and I-45). 
 

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THIS WEEK'S FEATURED PROPERTIES

728 W Melwood: $615,000

  • Norhill Historic District
  • Bungalow c. 1920
  • 3/2, 1496 sq ft on 5616 sq ft lot
  • Updated kitchen, bath updates
  • Light and bright
  • Sunroom
  • Back yard with plenty of green space
  • Driveway access to 1 car porte-cochere
  • Curb street for additional parking
  • Zoned to Browning Elementary
Located just a short block away from Proctor Plaza Community Center and Park which offers lighted tennis courts, playground, and outdoor pavilion.
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1029 Rutland: $715,000

  • Houston Heights
  • Craftsman bungalow c. 2012
  • 3/2, 1656 sq ft on 4396 ft lot
  • Open concept 
  • Small turfed yard plus bricked patio area
  • Alley access to 2 car attached garage ❤️☂️
  • Parking pad in front for additional parking
  • Zoned to Love Elementary
Looks like a historic bungalow but is actually recent construction. Walkable location within blocks of Heights Mercantile and Heights Central Station.
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1108 Highland: $950,000

  • Woodland Heights
  • Bungalow c. 1920
  • 4/3/1, 2350 sq ft on 5000 sq ft lot
  • Expanded/renovated in 2019
  • Primary plus 1 secondary bedroom up
  • Two secondary bedrooms down
  • Beautiful white-washed pine flooring
  • Driveway access to 1 car attached garage
  • Curbed street provides additional parking
  • Zoned to Travis Elementary
Formerly a Craftsman-style bungalow, the front elevation and roofline of this home were modified during the expansion/renovation project providing a larger front porch area.  Note that the garage is actually accessed through the back yard.
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745 Rutland: $1,075,000

  • Houston Heights
  • Prairie-style meets the hill country c. 2012 by Allegro Builders
  • 3/2/1, 2722 sq ft on 6000 sq ft lot 
  • Wrap-around porch ❤️
  • Contemporary styling inside
  • Primary bedroom down
  • 2 secondary bedrooms plus game room and study up
  • Vaulted 27' ceilings
  • POOL/spa and stone-tiled back yard
  • Nice front yard provides green space
  • Side-street driveway entrance to 2 car attached garage ❤️☂️
  • Zoned to Love Elementary
Stroll to the end of the block to hop on the hike and bike trail and travel west to MKT Heights or east to Donovan Park. Heights Merchantile is also just 3 blocks away.
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606 E 9th St: $1,100,000

  • Houston Heights
  • Greek Revival  c. 1992 by Creole Construction
  • 3/3/1, 2679 sq ft on 6250 sq ft lot 
  • Double gallery porches
  • Renovated kitchen and primary bath
  • Small back yard
  • Garage APT (500 sq ft, efficiency with kitchenette and full bath)
  • Alley access to 2 car detached garage
  • Front street parking
  • Zoned to Harvard Elementary
The first floor and primary suite have been nicely updated. Architectural salvage used in the home includes the newel post and stair railings as well as stained glass windows.
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Moving on...PRICE REDUCTIONS & STATUS UPDATES THIS WEEK

PRICE REDUCTION

723 E 25th St: $499,999  was $515,000

  • Sunset Heights
  • Pediment bungalow c. 1928
  • 2/2, 1184 sq ft on 3851 ft lot
  • Wraparound porch/deck
  • Kitchen and bath updates
  • Double pane windows
  • Large deck and patio for entertaining
  • Fenced and landscaped green space in front
  • Driveway access to 2 car detached garage
  • Zoned to Field Elementary
Lots of outdoor entertaining options from the raised deck to the bricked patio with built-in seating, cooking, and serving counters to the lush green space in front.
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PRICE REDUCTION

515 E 28th St: $865,000 was $875,000

  • Sunset Heights
  • Farmhouse new construction by JPS Craftsman
  • 3/2/1, 3078 sq ft on a 6000 sq ft lot
  • Open concept 1st floor
  • Primary bedroom suite downstairs
  • Large 2nd-floor game room/living area
  • Concrete patio and small backyard
  • Driveway access w/automatic gate to 2 car attached/detached Porte Cochere
  • Zoned to Field Elementary
Yes, this is close to 610, however, there is an additional block between 28th and the freeway.
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OPTION PENDING

1103 Key

Price at time of contract:  $599,000

Original List Price:  $599,000

Days on Market:  63

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OPTION PENDING

928 Louise

Price at time of contract:  $599,900

Original List Price:  $635,000

Days on Market: 133

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OPTION PENDING

520 Oxford

Price at time of contract:  $600,000

Original List Price:  $600,000

Days on Market: 7

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OPTION PENDING

819 W Melwood

Price at time of contract:  $615,000

Original List Price:  $615,000

Days on Market: 3

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OPTION PENDING

626 Merrill

Price at time of contract:  $625,000

Original List Price:  $659,000

Days on Market: 163

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OPTION PENDING

1410 Columbia

Price at time of contract:  $669,900

Original List Price:  $685,000

Days on Market: 126

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OPTION PENDING

932 Ridge

Price at time of contract:  $685,000

Original List Price:  $725,000

Days on Market: 54

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OPTION PENDING

2515 Princeton

Price at time of contract:  $685,000

Original List Price:  $685,000

Days on Market: 8

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PENDING

5402 Sheldon

Price at time of contract:  $929,900

Original List Price:  $929,900

Days on Market:  5

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OPTION PENDING

624 E 12th St

Price at time of contract:  $1,625,000

Original List Price:  $1,625,000

Days on Market:  14

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GOING, GOING, GONE

SOLD

1116 Winston

Sales price:  $500,000

Price at time of contract:  $499,900

Original List Price:  $499,900

Days on Market:  1

Seller's Contribution:  $2,000

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SOLD

1537 Tulane

Sales price:  $1,120,000

Price at time of contract:  $1,149,000

Original List Price:  $1,299,000

Days on Market:  212

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SOLD

517 Harvard

Sales price:  $1,275,000

Price at time of contract:  $1,275,000

Original List Price:  $1,275,000

Days on Market:  1

Seller's Contribution:  

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BUT WAIT, THERE'S MORE...

This is just the latest and greatest; however, there are still lots more on my list that you can check out here:

BBBB: Still on my list!

Finally, if you don't already receive my weekly digest for BBBB, you can subscribe by clicking here.

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